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The 200 ema acts as a filter in that you will only look to take
buy trades when price is above the 200 ema line.
Or you will only look to take sell trades when the price is
below the 200 ema line.
BUYING RULES
Price must be above the 200 ema line
15 ema crosses 200 ema and goes up
wait for price to come back down to touch the 15 ema
look for bullish reversal candlesticks to go long when
price touches the 15 ema by placing buy stop pending
order at least 2 pips above the high of a bullish reversal
candlestick.
place stop lost at least 2 pips below the nearest swing
low.
for take profit, use the previous swing high point…if none
is available, aim for a risk:reward of 1:2 or more.
SELLING RULES
Price must be below the 200 ema line
15 ema crosses 200 ema and goes down
wait for price to go back up to touch the 15 ema
look for bearish reversal candlesticks to go short when
price touches the 15 ema by placing sell stop pending
order at least 2 pips below the low of the bearish reversal
candlestick.
place stop lost at least 2 pips above the nearest swing
high.
for take profit, use the previous swing low point…if none
is available, aim for a risk:reward of 1:2 or more.
ATTENTION TRADER: FX TAURIUS
PRO TRADER
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