EMA 8,21,55 + Parabolic SAR - Forex Trading System
- Exponential Moving Average - EMA 8 (blue), 21 (yellow), 55 (red)
- Parabolic SAR - standard setup 0.02 and 0.2 (green dots)
template for this chart setup.
Enter long (buy)
- when 8 EMA (blue) cross 55 EMA (red) in up direction, parabolic
SAR is also heading up
Enter short (sell)
- when 8 EMA (blue) cross 55 EMA (red) - down, parabolic SAR is
also going down
- at the level of prior 8 EMA (blue) and 21 EMA cross (yellow).
Exit at next 8 EMA (blue) and 21 EMA (yellow) cross.
Best for EUR/USD, USD/CHF. Watch 1 hour chart and check 15 minutes
chart for confirmation (same rules apply). Do not enter the trade
after extreme 50+ pips candle. Trade during London + NY trading
session. Do not enter on Friday before closing of the forex trading
Chart setup should appear like following:
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Foreign exchange trading carries a high level of
risk and may not be suitable for all investors. Do not invest more
money than you can afford to lose. You can lose some or all of your
initial investment. Any performance claims on this site are not
necessarily indicative of future results.