Hi All - My first post at baby pips, hope you enjoy my strategy.
I use three moving avg: WMA100, SMA15, EMA3. Currencies: All, but mainly I trade GBPJPY on a 15min chart.
EMA 3 crosses WMA100 and the candle closes above the WMA100. Enter the trade. Stops are placed as soon as ema crosses below WMA100 or 10 20 pips below WMA100. I am pretty discretionary when it comes to it as I just watch the trade when after I enter it.
My profit taking occurs when ema3 crosses on sma15. This is telling me the short term trend may be waning and it is time to get out. With good discipline and even whipsaws you can still make a few pips with this strategy.
Hope this helps!
M
