Forex Trading 2018- TA/FA- Setups and discussion, page-1223

  1. 2,725 Posts.
    lightbulb Created with Sketch. 3
    Hi Martin

    I will say it again without being rude to anyone on this forum.

    DON'T TRADE THE EMA CROSS - they always fail the back test.

    Trade the price action AFTER the cross has occurred if it meets the condition of a good trend.

    WE ARE ATTEMPTING TO TRADE THE TREND AFTER THE TREND HAS BEEN CONFIRMED

    If you try back testing a good trend on a 5 minute chart, the winning odds are really good.
    What we have to do as traders is find a good looking trend then make a trade backed up my good money management.

    " If the trade is wrong, Get Out " Strat 2009

    If it works, stay in as long as possible till trade becomes invalid.

    I look for the following on any chart H4 and lower

    1.. Is it the price moving in the same direction as the higher time frames ( I never trade Reversals )
    2.. Do we see Higher highs & Higher Lows
    3.. Is there enough space between current price and the next Resistance Zone

    Its really really simple.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.