CapMoore

Simple Entry Strategy for Trending Pairs

FX:EURGBP   Euro / British Pound
207 0 6
Simple Entry Strategy in Trending Pairs.
1. Find a pair with a clear trend were price trades in
a direction above/below the 200 Simple Moving Average
on Daily chart and Hourly chart.
2. Use Sma 20 as Entry Filter.
3. Look for a pullback (price trades above SMA20)
4. Look for a close on or below/above the SMA20
with the trend (as signal)
5. Signal only valid if previous hr             Sma20 value is equal
or higher (for short) or equal or lower (for long).
6. Preferably the signal should happen at the right side
of the Daily Pivot Point and also with a break of a corrective
trendline ..
7. This gives a tight, well defined stop with good reward
potential.
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