"Trend is Your Friend... Just Follow The Trend!"
But what's the main KEY to succeed is Spotting Such Strong Trend
Use 2 EMA to help
with the tasks namely ......
200
EMA ( Turquoise )
30
EMA ( White )
And all the charts we would be using are the DAILY time frame ONLY...
Next select right currency pair:
If EUR/USD is in a very Strong
DOWN-Trend.....
At the same time..... the USD/CAD
is in a Very Strong DOWN-TREND AS WELL....!
if
You put the EUR/CAD together ?
EUR/CAD
would be in a very ( very STRONG ) DOWN-TREND too
plot the 2 EMAS ( 200 and 30 ) on it to see how steep
are the 2 lines.
So making sure that it is
giving You a Good RISK/REWARD ratio is definitely essential here..
And of course...in order
to reduce Your risk to a minimum......it would be good to enter into
a position after the market has retraced to at least the 50% level
or slightly more at 61.8%...
Complete detail file can be downloaded at:
http://www.meetup.com/Singapore-FOREX-Group
http://files.meetup.com/1777129/Strong%20TREND%20Strategy%20ForexTradingEmpire.docx
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