TEB5MIN

Here's another one by Teb!

Chris

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Here is a system I played with last week and it worked well
you use it in day and 5 mins charts

day chart is the screening chart.
The only thing I have on it is a 7 EMA

I am looking at 3 things
1. Where the candle is over or under the 7EMA
2. Candle formation . esp the last candlr ie, green candle to go up.
3. Tails

all 3 must be in agreement to one way. and I am only looking to go that way

Them move to the 5 Min

I have 3 EMAS on it 5. 20,120

I want the 5ema to go below the 120ema (in an up trend)
Them come back thought up wards this is the sign to get in - to Enter

SL is the last swing down
or 50s & 100s on the charts ie. 1.550

TP is @ the 200% 1/2
& at the 300% the other 1/2
or 50s 100s on the charts
Or if the 5ems crosses back under the 20ema
Or 2 times your stop loss

TEB Big Grin

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Creator: TEB

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Risk Disclosure: Customers should be aware of the risks associated with over-the-counter, spot Forex. In the off-exchange, also called the over-the-counter market, a retail customer trades directly with a counterparty and there is no exchange or central clearing house to support the transaction. Forex trading is highly speculative in nature which can mean currency prices may become extremely volatile. Forex trading is highly leveraged, since low margin deposits normally are required, an extremely high degree of leverage is obtainable in foreign exchange trading. A relatively small market movement will have a proportionately larger impact on the funds you have deposited. You may sustain a total loss of your funds. Since the possibility of losing your entire cash balance does exist, speculation in the Forex market should only be conducted with risk capital you can afford to lose which will not dramatically impact your lifestyle.

TEB5MIN

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