100 pips daily chart is a
trend-momentum strategy based on slow exponential moving average and
stochastic. Make 100 pips on each trade.
Chart setup
Exponential moving average 25, close.
Exponential moving average 50, close.
Exponential moving average 100, close.
Stochastic oscillator 14,3,3.
Time frame 4H, daily and weekly.
Currency pairs: majors.
Trading Rules 100 pips daily chart
Buy
25
EMA above 50 EMA and 100 EMA.
50
EMA above 100 EMA.
Wait
for the Stochastic oscillator to turn back above 20 from below.
Buy
the currency pair at the open of the next candlestick.
Place
stop below the most recent swing low
Price
objective: 100- 200 pips depends by currency pairs.
Sell
25
EMA belw 50 EMA and 100 EMA.
50
EMA below 100 EMA.
Wait
for the Stochastic oscillator to turn back below 80 from above.
Sell
the currency pair at the open of the next candlestick.
Place
stop above the most recent swing high.
Price
objective: 100- 200 pips depends by currency pairs.
Here
is two daily charts of GBP/JPY. As you can see, buy and sell trades
made us 800 pips.
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