Learn Forex Trading, Simple & Easy

Timeframe: 1-hour:

* Entry Rules for Long Trades:

It’s simple. We enter a long trade when EMA 5 crosses EMA 12 to the upside… AND our RSI 21 > 50.

* Entry Rules for Short Trades:

Enter short when EMA 5 crosses EMA 12 to the downside. AND RSI 21 < 50.

Stop loss = 20 – 30 pips… depending on the volatility of the currency pair. For more volatile pair, like GBP/USD, stop loss = 30 . For less volatile pair, like EUR/USD, use stop loss of 20 pips.

Timeframe: 1-hour

* Exit Rules for Long Trades:

Exit the trade when EMA 5 crosses back below EMA 12 Or when RSI 21 < 50.

Or when price stalls at major resistance, trendline, pivot points, Fibonacci projection target.

Or when bearish engulfing patterns or inverted hammer patterns form.

* Exit Rules for Short Trades:

Exit our short trade when EMA 5 crosses above EMA 12 OR RSI 21 > 50

Long Trade Example:

There you have it. A manual trading system for consistently making a conservative 10-pips-a-day.