EURUSD 15 m Short trade target 800 sma

23 de jul. de 2017

Look for pairs only on the 15 m chart that have not touched the 800 sma for 3 to 5 days. EURUSD has not touched 800 sma for 5 days. The bias for this trade is short since the target of the 800 sma is below current price.
Trade Rules for setup are: Rule 1 - Only trade short this week until target of 800 sma is reached. Rule 2 - Only trade the 15 m time frame for this strategy. Rule 3 - Only trade short when price is below both ma's.
Entry Rules for multi-short trades are: Rule 1 - When price breaks below lowest ma. Rule 2 - When macd crosses below 0 line. Rule 3 - When macd is below 0 line & blue line crosses below red line. Rule 4 - After a bullish pull back and a continuation short reversal candle paints. Rule 5 - When price breaks a support level.

1st SL is swing high above 1st entry point. ATR is 74 pips. After 50 pips move to stop-even plus 5.
When price comes to 00# or 50# you could take off 1/2 of your position and re-enter at 45# or 95#.
Close out trades with a hard TP at what ever price says the current 800 sma will be.

24 de jul. de 2017

Nota

My first entry was @ 1.1661 with the break of the lowest ma. My 2nd entry was @ 1.1640 during this morning opening of US Stock Exchange. The macd blue line crossed below the red line.