Pivot and 200 Ema Strategy for Stress Fr
Hello everyone
This is a simple strategy that I have used for over 5 years with good success in conjunction with my other strategies. Many strategies will change over time, but this has stood the test of time and is a classic method used by older traders.
Get a template and some indicators from Davits Thread and modify it for this strategy. Threads can be located here
I'm a firm believer that as long as you trade small amounts and understand how painful it is for you before closing the trade, don't stop trading. I will not show any claims or brag about bonuses as every trader has a different approach and must know how much they can afford to lose.
Personally, I would not use more than 1 microlot per $200 of capital. This way, the only way to free up your capital is if the 2000 pip trend goes against you. I have a hard stop of 250 pips on the major pairs and 500 pips on the GBP/JPY pair. Additionally, you may not trade more than 2 positions in any currency pair. The daily goal is a 1% return and the platform is closed when completed. The end of traders is when they overtrade. Set a 10% return target each month and continue for at least 1 year before raising your return target. With experience, trading gets better.
Attached are two charts with 15 minutes for entry and 1 hour to see the full pivot level scaled out. Watch price action at the 200 EMA as well as the pivot support and resistance areas.
Copy all indicators and apply the included template.
Best used from the opening of the London market on Monday to 1 hour before the close of the US market on Friday.
Long Entry (all timeframes) - Take Profit range from 15 pips on the 1 minute chart to 200 pips on the 1 hour chart
======
Price is above the daily pivot and the 200 Ema (should be in an uptrend), enter as close to the open or daily pivot as possible. Avoid entering the trade when the price is far away from the 200 EMA.
TP: next resistance level
Short Entry (All Time Frames) - Price targets range from 15 pips on the 1 minute chart to 200 pips on the hourly chart
======
Price is below the daily pivot and the 200 Ema (should be trending down), enter as close to the open or daily pivot as possible. Avoid entering the trade when the price is far away from the 200 EMA.
TP: next support level
Anyone who wants to ask a question, please use this tool for 15 days, then post your question and I will do my best to answer it.
Trading is discretionary for every trader, so use it in the demo, practice the price action around the pivots and the 200 EMA and you will notice the patterns in this strategy and the importance of the 200 EMA.
I'm not here to post any of my trades or brag about my trades, this is just my way of giving back to the community.
This is a simple strategy that I have used for over 5 years with good success in conjunction with my other strategies. Many strategies will change over time, but this has stood the test of time and is a classic method used by older traders.
Get a template and some indicators from Davits Thread and modify it for this strategy. Threads can be located here
I'm a firm believer that as long as you trade small amounts and understand how painful it is for you before closing the trade, don't stop trading. I will not show any claims or brag about bonuses as every trader has a different approach and must know how much they can afford to lose.
Personally, I would not use more than 1 microlot per $200 of capital. This way, the only way to free up your capital is if the 2000 pip trend goes against you. I have a hard stop of 250 pips on the major pairs and 500 pips on the GBP/JPY pair. Additionally, you may not trade more than 2 positions in any currency pair. The daily goal is a 1% return and the platform is closed when completed. The end of traders is when they overtrade. Set a 10% return target each month and continue for at least 1 year before raising your return target. With experience, trading gets better.
Attached are two charts with 15 minutes for entry and 1 hour to see the full pivot level scaled out. Watch price action at the 200 EMA as well as the pivot support and resistance areas.
Copy all indicators and apply the included template.
Best used from the opening of the London market on Monday to 1 hour before the close of the US market on Friday.
Long Entry (all timeframes) - Take Profit range from 15 pips on the 1 minute chart to 200 pips on the 1 hour chart
======
Price is above the daily pivot and the 200 Ema (should be in an uptrend), enter as close to the open or daily pivot as possible. Avoid entering the trade when the price is far away from the 200 EMA.
TP: next resistance level
Short Entry (All Time Frames) - Price targets range from 15 pips on the 1 minute chart to 200 pips on the hourly chart
======
Price is below the daily pivot and the 200 Ema (should be trending down), enter as close to the open or daily pivot as possible. Avoid entering the trade when the price is far away from the 200 EMA.
TP: next support level
Anyone who wants to ask a question, please use this tool for 15 days, then post your question and I will do my best to answer it.
Trading is discretionary for every trader, so use it in the demo, practice the price action around the pivots and the 200 EMA and you will notice the patterns in this strategy and the importance of the 200 EMA.
I'm not here to post any of my trades or brag about my trades, this is just my way of giving back to the community.
Attachment to original post (7)
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