Forex Trading 2018- TA/FA- Setups and discussion, page-3575

  1. 2,725 Posts.
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    Hi Martin

    Here is my chart, as I don't trade this pair, this is how I would trade on H4. Just my two cents worth.

    Below the 240EMA - Build a Sell Basket
    Sell in the Red Zone on each pullback. This Zone is 72EMA or around the Day 10EMA.

    This would of given you at present 650 Pips.
    Multiple Entry / Single Exit is the Key.
    You make money only if you are using the correct money management strategy. Today's market will kill you if you use single entry / single exit on H4 for most traders. Professional traders seek a higher R & R or they wouldn't enter.

    Trading the Flow on H4.
    The best flow of price action is seen on two time charts - H4 & M5
    Really I'm am trading that flow, not EMA's.

    michael h4.png
 
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