Strategy 002, Intermediate, Magic Breakout. 120 P Target.

Basic Setup. Author - MagicBreakout Timeframe - 1 H EMAs: 34EMA set on High, Close and Low which are all forming a "WAVE" CCI: period 20, levels 100 and -100 ~~~~~~~~~~~~~~~~~ Description: What we are looking for here is a valid "swing" pattern in a trending market. A valid swing pattern is in effect when price was going up for a while, and then suddenly broke up in the opposite direction above the "wave" in a sort of triangular pattern. For a SELL signal, the following conditions must be met: 1.After a triangular "swing" into the wave, price now comes back below the red line of the "wave" (34 EMA set on Low). 2.Price now lingers above CCI +100 for at least 5 candles. (I have taken the setup with less candles, and it was valid). 3.Set a stop sell order(s) at the low of the range that's formed. At least 2 orders. (This is my take on the strategy, an official rule is "sell the 6th candle") 4.CCI -100 crossover happens as additional confirmation. Opposite is true for a BUY signal: 1.After a triangular "swing" down into the wave, price now returns above the green line of the wave (34 EMA set on High). 2.Price now settles into a range for a few candles (ideally 5 candles, but I have taken this setup with as few as 2 candles). 3.The official rule of the strategy states we wait for 5 hours (candles) and if the price is under -100 CCI, we buy the 6th candle. We don't want to enter if a breakout happens too fast - if it does, mission abort, a fakeout is most likely to happen. However, I have been pretty lax with this rule (about buying the 6th candle) and I am doing just fine. I will demo this for you for 10 trades - as long as you set a "buy stop" order 5 pips above the swing high (of the range that's been forming here), you'll be just fine. Exit Strategy and Targets: With a delicious title of "120 pips" we sure have whetted appettite and I'm curious about this strategy's targets: we use Fibonacci settings of 0@%$, 1@%$, 1,6@%$ and 2@%$ - enter these into "description" box for Fibs so you can actually get a visual on your prices if you're using MT4. If you're using TradinView, you should be getting your prices automatically. First target - at 1.6 Fib, Second target (not always reached, but sometimes overexceeded) - at 2 Fib, Stop Loss - at 0. Do NOT let your profits go to 0 however. My suggestion here is open 5 orders, take the first 3 orders at 1.6 FIB and then let the other 2 run, constantly adjusting their SL to 50% of the profit. In my experience so far with this strategy, if your price doesn't keep going past 1,6 Fib, it will likely reverse there.

Forex Strategy 001 - Simple - Blue Mountain - 30 PIP target, 15 PIP stop loss

Author: UKspreadbetting Pair: Gbp/Jpy Timeframe: 5M Indicators: 25 period EMA Entry: at the break of the low of the pinbar.

Directions: This strategy means that we're looking for at least 30 degree slope (very strong trend) and price is above 25 EMA. I also setup 50 SMA to clearly show the trend. THEN, we are looking for a pinbar on the 25ema, placing a trade with a 20 pip target into direction of the trend and setting a set SL of 15 pips. Place a pending STOP SELL at the break of the last low (candle with large wick) for another 10 PIPS. Let It Snow Setup This setups occurs on a 30 min chart❄️ (see above) for a much larger target; your second entry will be very close to the Middle Bollinger band.
Stats for this strategy