65# 100EMA and MACD “4H Strategy”
Take a free trading course with IG Academy. Pity I didn't have some Excel skills -I'd be all over this like a rash. As an example, once my trade hits the first target, I moved the second position to breakeven and leave the third as it is.
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I will try and attach a couple snapshots of past trades, so the whole idea becomes clear. The blue box is the main entry and the yellow, you can see, is the re-entry. Share your opinion, can help everyone to understand the forex strategy. As an example, once my trade hits the first target, I moved the second position to breakeven and leave the third as it is. When the 2nd position is hit, I move the 3rd to breakeven, giving the trade enough room to breathe.
Cookies improve the user experience and help make this website better. They can also bring big losses. Which is precisely why it is so important to use strict risk management when trading in these conditions; and traders should be ready to cut their losses quickly the reversal proves unlikely. The picture below will illustrate a classic case of Bullish Divergence. Any time frame chart with MACD applied default inputs of 12,26, and 9. Stop should be set to the low of the move with Bullish Divergence or the high of the move with Bearish Divergence.
Traders may also incorporate a trailing stop, as shown in Trading Trends by Trailing Stops with Price Swings , by incorporating price action into the trade management. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Take a free trading course with IG Academy. Our interactive online courses help you develop the skills of trading from the ground up. Develop your trading knowledge with our expert-led webinars and in-person seminars on a huge range of topics.
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