Hi, this is María. Today I want to share with you some tips for trading the Euro.


Pairs to trade with this strategy:-EUR/USD
-EUR/CAD
Chart setup:-1 hour candlestick chart
-10 period EMA using the high price
-10 period EMA using the close price
-10 period EMA using the low price

Long (buy) Trade Rules
1. Buy one lot when a candle closes below the 10 period EMA high but above the 10 period
EMA close and the previous candle closed above the 10 period EMA high.
2. The stop for this lot is placed at the 10 period EMA low.
3. While we are long one lot and ONLY IF the price closes above the 10 period EMA, we add 2
additional lots, each separately. We are now long 3 lots.
4. Move the stop on the first lot to break-even.
5. The stop on the second lot should be placed at the 10 period EMA close.
6. The stop on the third lot should be placed at the 10 Period EMA low.
7. There are no limit orders used with this strategy and positions will only be closed when the
stops are hit. Lots 2 and 3 should be trailed by the 10 period EMA close and the 10 period EMA
low, respectively. When the 10 period EMA low is equal to the breakeven point for the first lot,
we should now be trailing the stop on the first lot with the 10 period EMA low. This means that
at this point, lots 1 and 3 should be trailed by the 10 period EMA low and lot 2 should be trailed
by the 10 period EMA close.

Short (sell) Trade Rules
1. Sell one lot when a candle closes above the 10 period EMA low but below the 10 period EMA
close and the previous candle closed below the 10 period EMA low.
2. The stop for this lot is placed at the 10 period EMA high.
3. While we are short one lot and ONLY IF the price closes below the 10 period EMA low, we
add 2 lots, separately. We are now long three lots.
4. Move the stop on the first lot to break-even.
5. The stop on the second lot should be placed at the 10 period EMA close.
6. The stop on the third lot should be placed at the 10 Period EMA high.
7. There are no limit orders used with this strategy and positions will only be closed when the
stops are hit. Lots 2 and 3 should be trailed by the 10 period EMA close and the 10 period EMA
high, respectively. When the 10 period EMA high is equal to the breakeven point for the first lot,
we should now be trailing the stop on the first lot with the 10 period EMA high. This means that at this point, lots 1 and 3 should be trailed by the 10 period EMA high and lot 2 should be trailed
by the 10 period EMA close.


You can find 4 more strategies just like this one in the new ebook Euro Strategies, get more strategies at http://www.fx-megaforex.com/pairs.htm

Happy trading!!
Best regards,

María
www.fx-megaforex.com
Smart Solutions for your professional trading.
PS. We know that trading in Forex is sometimes hard BUT you don`t have to do it alone, let us guide you step by step.

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