Forex Strategy Emp

Forex Strategy Emp - simple forex trading system based on the use of important historical levels and rebound from them, the author is a member of this site - a trader with Emp nickname (that is why this name strategy), trade is conducted on the H4, forex strategy multicurrency (ie trade It can be on any currency pair).

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  Then publish the full text of the forex strategy, with the author's words, there will be questions - ask, I think of you all I will explain.
  
  The main essence of Emp strategy:
  
  Firstly, there is no strategy indicators.
  In fact, the strategy is a mixture of classical ideas about trade.
  
  1) taken as a basis levels. Level, the approximate value of the price, on which the price bounces, gets stuck or breaks it, continuing its movement. Below the pictures levels indicated by black horizontal lines. Red podvodkami designated point by which these levels are building.
  
  2) In the form of a filter using a trend movement, that is, the standard support and resistance lines. Describe them will not, because information on them on the Internet a lot, including on this site.
  
  The deal to buy:
  1) Position open in an uptrend, after the third touch of the support line,
  
  2) at the same time curfew on the level and confirmation in the form of two or more white candles.
  
  3) Stop Loss is exposed for at least the last,
  
  4) take profit calculates a simple calculation: take the opening point candle (body beginning) recent low and closing price of the last candle, and the amount of points is doubled.
  
  5) Also, for the peace of mind you can put the deal to breakeven after reaching 50 points.
  
  For transactions on sale - the reverse condition.
  
  According to statistics: Statistics alive. In one month, the strategy could bring about 1,000 items, minus the second 35, the third plus 700. So statistics are very dependent on trading in human because clear guidelines for the trade there. For some, a white candle - is confirmation of a release, someone will be waiting for four.
  
  On my own I want to add a link to forex strategy trend lines, where you will learn how to build the chart trendline (they support and resistance lines) and how to trade when price approaches them (one).