3 EMA's Forex Trading System

How it works 1. Determine the trend: Are the 3EMA's pointing up, down or flat? DOWN. (we enter no trades in a flat market) 2. As a result, we will only look for possible sell entries in the euro/dollar. 3. We wait for a rally back toward the 3 EMA's for the best possible entry (low risk). 4. Rally back towards the 3EMA's? Check the stoch oscillator (Is it overbought, value +80)? If yes, 5. Now check for a bearish candlestick pattern to pinpoint your short entry in the market. 6. The picture above shows where we entered short the EUR/USD (3EMA's down, Stoch overbought, bearish pattern). 7. Set stop loss above the bearish candlestick pattern and use risk to reward 1.5 or better