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21 EMA STRATEGY FULL

And how you do that is by managing your trade that is profit and locking in profits as the trade moves in favor by using trailing stop loss. So you need to protect your profits on profitable trades.

21 EMA STRATEGY FULL

Nothing is certain in the forex market, it is full of unexpected turns and its really unpredictable.

Or if its a buy trade, look to see if there a previous swing high which the price can reach easily and just make sure its at least if price reaches that level, you will have 2 or more times the risked you put for that trade.

For example, if you risked 30 pips then set your take profit target at a price level that when the market reaches it, you will get 90 pips.

Set profit to 3 times what you risked.

Here’s two options you can use to set your take profit target:

Place your stop loss at least 2-5 pips above the high of the cross-over candlestick.

I suggest you sell immediately at market Price.

Next you look at the RSI Forex Indicator and If its below 50, then Sell.When 5EMA crosses 12 EMA to the downside, that’s an indication that the trend has changed to a downtrend.Place your stop loss at least 2-5 pips below the low of the cross-over candlestick.I suggest you buy immediately at market Price. Next you look at the RSI Forex Indicator and If its above 50, then Buy.When 5EMA crosses 12 EMA to the upside, that’s an indication that the trend has changed to uptrend.THE RULES OF THE 21 RSI WITH 5EMA AND 12 EMA FOREX TRADING STRATEGY Indicators: 5EMA, 12 EMA & RSI 21 (Set RSI setting under Parameters, you have the set the “Periods=21″) With this forex trading strategy, you don’t need to do a lot of technical analysis because it would probably take just a 5 seconds scan of your forex charts to see if you can trade or not, that’s how simple it is when you know its trading rules. The 21 RSI With 5 EMA And 12 EMA Forex Trading Strategy is a very simple forex trading strategy that beginner forex traders as well as advanced forex traders can find useful.