EMA'S Retracement Trading System

<div class="j-module n j-text " id="cc-m-5403765763" style="background-color: white; font-family: 'Droid Serif', serif; font-size: 14px; height: 177px; line-height: 19.5px; padding: 5px; word-wrap: break-word;"> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">Currency Pairs: All.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">Time Frame: 60 min.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <br /></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <strong><span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">Indicators</span></span></strong><span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">:</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;"><strong><a href="http://www.forexstrategiesresources.com/metatrader-indicator-mt4/ema-metatrader-indicator/" style="color: #0099e1;">144 Ema (exponential moving average)</a></strong>,</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;"><strong><a href="http://www.forexstrategiesresources.com/metatrader-indicator-mt4/ema-metatrader-indicator/" style="color: #0099e1;">10 EMA(exponential moving average)</a></strong> .</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <br /></div> </div> <div class="j-module n j-hgrid " id="cc-m-6375569280" style="background-color: white; font-family: 'Droid Serif', serif; font-size: 14px; height: 289px; line-height: 19.5px; padding: 5px;"> <div class="cc-m-hgrid-column last" style="box-sizing: content-box; float: right; min-height: 1px; min-width: 0px; padding: 0px; width: 733px;"> <div id="cc-matrix-1447659480"> <div class="j-module n j-text " id="cc-m-6375569680" style="height: 279px; padding: 5px; word-wrap: break-word;"> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">That’s all there is to it. Once you have your <a href="http://www.forexstrategiesresources.com/scalping-forex-strategies-ii/192-5-min-trading-guide/" style="color: #0099e1;">5minute chart</a>, there is no need to open <a href="http://www.forexstrategiesresources.com/trend-following-forex-strategies/122-15-min-mtf/" style="color: #0099e1;">a 15 minute</a> and a <a href="http://www.forexstrategiesresources.com/trend-following-forex-strategies/114-30-min-strategy/" style="color: #0099e1;">30 minute chart</a>. I normally just change the time frame to <a href="http://www.forexstrategiesresources.com/trend-following-forex-strategies/114-30-min-strategy/" style="color: #0099e1;">30 minutes</a> and 15 minutes before I start trading to determine the trend. I then go back to the 5 minute chart to look for trade setups.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <strong><span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">Short Entry</span></span></strong></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">1. Price must be below the 144 EMA on all 3 time frames: </span></span><a href="http://www.forexstrategiesresources.com/trend-following-forex-strategies/114-30-min-strategy/" style="color: #0099e1;"><span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">30 minute</span></span></a><span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">, </span></span><a href="http://www.forexstrategiesresources.com/trend-following-forex-strategies/122-15-min-mtf/" style="color: #0099e1;"><span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">15 minute</span></span></a><span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;"> and </span></span><a href="http://www.forexstrategiesresources.com/scalping-forex-strategies-ii/192-5-min-trading-guide/" style="color: #0099e1;"><span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">5 minute charts.</span></span></a></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">2. The 10 EMA should be below the 144 EMA on all time frames.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">3. Price must be below the 10 EMA on the 5 minute chart.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">4. Wait 2-3 bars for price to close below the 10 EMA on the </span></span><a href="http://www.forexstrategiesresources.com/scalping-forex-strategies-ii/192-5-min-trading-guide/" style="color: #0099e1;"><span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">5 minute chart</span></span></a><span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">5. Wait for price to retrace to the 10 EMA on the 5 minute chart.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">6. When the price retraces or comes extremely close to the 10 EMA on the 5 minute chart, enter the trade.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <br /></div> </div> </div> </div> <div class="cc-m-hgrid-overlay" data-display="cms-only"> </div> </div> <div class="j-module n j-htmlCode " id="cc-m-8436157049" style="background-color: white; font-family: 'Droid Serif', serif; font-size: 14px; height: 285px; line-height: 19.5px; padding: 5px;"> <span style="font-family: 'Comic Sans MS', cursive; font-size: 16px;">7. Stay in the trade and follow the trend until there is an indication that the trend may be reversing, at which point, look to exit the trade. Exit the trade when price closes </span><span style="font-family: 'Comic Sans MS', cursive; font-size: 16px;">above the trend signal line (144 EMA - purple) on either the 5, 15 or 30 minute charts depending on your risk tolerance. Alternatively, you may exit when your Take</span><strong style="font-family: Arial, Helvetica, sans-serif; font-size: 15px;"><span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">Profit</span></span></strong><span style="font-family: 'Courier New', Courier, monospace; font-size: 15px;"><span style="font-size: 14px;"> </span></span><span style="font-family: 'Comic Sans MS', cursive; font-size: 15px;"><span style="font-size: 16px;">of 3-50 pips has been reached.</span></span></div> <div class="j-module n j-text " id="cc-m-6375572980" style="background-color: white; font-family: 'Droid Serif', serif; font-size: 14px; height: 120px; line-height: 19.5px; padding: 5px; word-wrap: break-word;"> <a data-href="https://image.jimcdn.com/app/cms/image/transf/dimension=origxorig:format=gif/path/s2e2ea4a9b3965dd1/image/id9236180d65546f4/version/1349483996/image.gif" href="https://www.blogger.com/null" rel="lightbox" style="clear: right; color: #0099e1; float: right; margin-bottom: 1em; margin-left: 1em; text-decoration: underline;"><img alt="" class="" data-src-height="486" data-src-width="1023" id="cc-m-textwithimage-image-5403766463" sizes="(min-width: 690px) 690px, 100vw" src="https://image.jimcdn.com/app/cms/image/transf/dimension=690x1024:format=gif/path/s2e2ea4a9b3965dd1/image/id9236180d65546f4/version/1349483996/image.gif" srcset="https://image.jimcdn.com/app/cms/image/transf/dimension=690x1024:format=gif/path/s2e2ea4a9b3965dd1/image/id9236180d65546f4/version/1349483996/image.gif 690w, https://image.jimcdn.com/app/cms/image/transf/dimension=640x1024:format=gif/path/s2e2ea4a9b3965dd1/image/id9236180d65546f4/version/1349483996/image.gif 640w, https://image.jimcdn.com/app/cms/image/transf/dimension=320x1024:format=gif/path/s2e2ea4a9b3965dd1/image/id9236180d65546f4/version/1349483996/image.gif 320w" style="border: 0px; display: inline; left: 0px; max-width: 100%; top: 0px; vertical-align: top;" /></a><div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <br /></div> </div> <div class="j-module n j-textWithImage " id="cc-m-5403766463" style="background-color: white; font-family: 'Droid Serif', serif; font-size: 14px; height: 575px; line-height: 19.5px; padding: 5px; word-wrap: break-word;"> <figure class="cc-imagewrapper cc-m-image-align-1" style="display: inline; float: left; height: auto !important; margin: 4px 20px 4px 0px; max-width: 100%; position: relative; width: auto; z-index: 1;"></figure><div> <div class="cc-m-textwithimage-inline-rte" data-action="text" data-name="text" id="cc-m-textwithimage-5403766463"> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">The red horizontal line on the image above shows the current candle we are looking at. At this point, the price is below the 144 EMA on all 3 time frames, i.e. the 30 minute, 15 minute</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">and 5 minute charts.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">The 10 EMA is also below the 144 EMA on all time frames. As you can see, price is below the 10 EMA on the 5 minute chart above.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">Price has closed below the 10 EMA on the 5 minute chart over the previous 2-3 bars so I waited for price to retrace to the 10 EMA on the 5 minute chart. The price then retraced or</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">came extremely close to the 10 EMA on the 5 minute chart so I looked to enter the trade.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">I will remain in the trade and follow the trend until 3-50 pips has been reached or if I see an indication that the trend may be reversing, at which point I will look to exit the trade. That is</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">usually when price closes above my trend signal line (144 EMA – purple).</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <br /></div> </div> </div> <div class="cc-clear" style="clear: both;"> </div> </div> <div class="j-module n j-textWithImage " id="cc-m-5403768163" style="background-color: white; font-family: 'Droid Serif', serif; font-size: 14px; height: 539px; line-height: 19.5px; padding: 5px; word-wrap: break-word;"> <figure class="cc-imagewrapper cc-m-image-align-1" style="display: inline; float: left; height: auto !important; margin: 4px 20px 4px 0px; max-width: 100%; position: relative; width: auto; z-index: 1;"><a data-href="https://image.jimcdn.com/app/cms/image/transf/dimension=origxorig:format=gif/path/s2e2ea4a9b3965dd1/image/i9d320052f374d4af/version/1349484024/image.gif" href="https://www.blogger.com/null" rel="lightbox" style="color: #0099e1; text-decoration: underline;"><img alt="" class="" data-src-height="486" data-src-width="1023" id="cc-m-textwithimage-image-5403768163" sizes="(min-width: 720px) 720px, 100vw" src="https://image.jimcdn.com/app/cms/image/transf/dimension=720x1024:format=gif/path/s2e2ea4a9b3965dd1/image/i9d320052f374d4af/version/1349484024/image.gif" srcset="https://image.jimcdn.com/app/cms/image/transf/dimension=720x1024:format=gif/path/s2e2ea4a9b3965dd1/image/i9d320052f374d4af/version/1349484024/image.gif 720w, https://image.jimcdn.com/app/cms/image/transf/dimension=640x1024:format=gif/path/s2e2ea4a9b3965dd1/image/i9d320052f374d4af/version/1349484024/image.gif 640w, https://image.jimcdn.com/app/cms/image/transf/dimension=320x1024:format=gif/path/s2e2ea4a9b3965dd1/image/i9d320052f374d4af/version/1349484024/image.gif 320w" style="border: 0px; display: inline; left: 0px; max-width: 100%; top: 0px; vertical-align: top;" /></a></figure><div> <div class="cc-m-textwithimage-inline-rte" data-action="text" data-name="text" id="cc-m-textwithimage-5403768163"> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">Above is another 5 minute chart. The price is below the 144 EMA on all 3 time frames (30 minute, 15 minute and 5 minute charts).</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">You can see that the 10 EMA is below the 144 EMA on all time frames. The price is also below the 10 EMA on the 5 minute chart.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">After the price has closed below the 10 EMA on the 5 minute chart over the previous 2-3 bars, I waited for price to retrace to the 10 EMA. As soon as the price retraced and came extremely close to the 10 EMA, I looked to enter the trade.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">I remained in the trade and followed the trend until my target of 3-50 pips had been reached</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <br /></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <br /></div> </div> </div> </div> <div class="j-module n j-text " id="cc-m-5403769263" style="background-color: white; font-family: 'Droid Serif', serif; font-size: 14px; height: 299px; line-height: 19.5px; padding: 5px; word-wrap: break-word;"> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">Long Entry</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">1. Price must be above the 144 EMA on all 3 time frames: 30 minute, 15 minute and 5 minute charts.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">2. The 10 EMA (exponential moving average) should be above the 144 EMA on all time frames.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">3. Price must be above the 10 EMA on the 5 minute chart.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">4. Wait 2-3 bars for price to close above the 10 EMA  (exponential moving average)on the 5 minute chart.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">5. Wait for price to retrace to the 10 EMA on the 5 minute chart.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">6. When the price retraces or comes extremely close to the 10 EMA on the 5 minute chart, enter the trade.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">7. Stay in the trade and follow the trend until there is an indication that the trend may be reversing, at which point, look to exit the trade. Exit when price closes below the</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">trend signal line (144 EMA - purple) on either the 5, 15 or 30 minute charts depending on your risk tolerance. Alternatively, you may exit when the Take Profit of 3-50 pips has been reached.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <br /></div> </div> <div class="j-module n j-textWithImage " id="cc-m-5403770963" style="background-color: white; font-family: 'Droid Serif', serif; font-size: 14px; height: 559px; line-height: 19.5px; padding: 5px; word-wrap: break-word;"> <figure class="cc-imagewrapper cc-m-image-align-1" style="display: inline; float: left; height: auto !important; margin: 4px 20px 4px 0px; max-width: 100%; position: relative; width: auto; z-index: 1;"><a data-href="https://image.jimcdn.com/app/cms/image/transf/dimension=origxorig:format=gif/path/s2e2ea4a9b3965dd1/image/i8fa8395722fdcf89/version/1349484076/image.gif" href="https://www.blogger.com/null" rel="lightbox" style="color: #0099e1; text-decoration: underline;"><img alt="" class="" data-src-height="486" data-src-width="1023" id="cc-m-textwithimage-image-5403770963" sizes="(min-width: 720px) 720px, 100vw" src="https://image.jimcdn.com/app/cms/image/transf/dimension=720x1024:format=gif/path/s2e2ea4a9b3965dd1/image/i8fa8395722fdcf89/version/1349484076/image.gif" srcset="https://image.jimcdn.com/app/cms/image/transf/dimension=720x1024:format=gif/path/s2e2ea4a9b3965dd1/image/i8fa8395722fdcf89/version/1349484076/image.gif 720w, https://image.jimcdn.com/app/cms/image/transf/dimension=640x1024:format=gif/path/s2e2ea4a9b3965dd1/image/i8fa8395722fdcf89/version/1349484076/image.gif 640w, https://image.jimcdn.com/app/cms/image/transf/dimension=320x1024:format=gif/path/s2e2ea4a9b3965dd1/image/i8fa8395722fdcf89/version/1349484076/image.gif 320w" style="border: 0px; display: inline; left: 0px; max-width: 100%; top: 0px; vertical-align: top;" /></a></figure><div> <div class="cc-m-textwithimage-inline-rte" data-action="text" data-name="text" id="cc-m-textwithimage-5403770963"> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">The red horizontal line on the image above shows the current candle we are looking at. At this point, the price is above the <a href="http://www.forexstrategiesresources.com/metatrader-indicator-mt4/ema-metatrader-indicator/" style="color: #0099e1;">144 EMA</a> on all 3 time frames, i.e. the <a href="http://www.forexstrategiesresources.com/trend-following-forex-strategies/83-3-ema-s-forex-trading-system/" style="color: #0099e1;">30 minute</a>, 15 minute</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">and 5 minute charts.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">The 10 EMA is also above the 144 EMA on all time frames. As you can see, price is above the 10 EMA on the 5 minute chart.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">Price has closed above the 10 EMA on the <a href="http://www.forexstrategiesresources.com/scalping-forex-strategies-ii/192-5-min-trading-guide/" style="color: #0099e1;">5 minute chart</a> over the previous 2-3 bars, so I waited for price to retrace to the 10 EMA. The price then retraced or came extremely close</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">to the 10 EMA on the <a href="http://www.forexstrategiesresources.com/scalping-forex-strategies/71-5m-the-force/5-min-the-force-expert/" style="color: #0099e1;">5 minute chart</a> so I entered a buy trade.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">My target of 3-50 pips has been reached so I exited the trade.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <br /></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <br /></div> </div> </div> <div class="cc-clear" style="clear: both;"> </div> </div> <div class="j-module n j-textWithImage " id="cc-m-5403772763" style="background-color: white; font-family: 'Droid Serif', serif; font-size: 14px; height: 579px; line-height: 19.5px; padding: 5px; word-wrap: break-word;"> <figure class="cc-imagewrapper cc-m-image-align-1" style="display: inline; float: left; height: auto !important; margin: 4px 20px 4px 0px; max-width: 100%; position: relative; width: auto; z-index: 1;"><a data-href="https://image.jimcdn.com/app/cms/image/transf/dimension=origxorig:format=gif/path/s2e2ea4a9b3965dd1/image/i9abb9891cd4559d2/version/1349484097/image.gif" href="https://www.blogger.com/null" rel="lightbox" style="color: #0099e1; text-decoration: underline;"><img alt="" class="" data-src-height="486" data-src-width="1023" id="cc-m-textwithimage-image-5403772763" sizes="(min-width: 720px) 720px, 100vw" src="https://image.jimcdn.com/app/cms/image/transf/dimension=720x1024:format=gif/path/s2e2ea4a9b3965dd1/image/i9abb9891cd4559d2/version/1349484097/image.gif" srcset="https://image.jimcdn.com/app/cms/image/transf/dimension=720x1024:format=gif/path/s2e2ea4a9b3965dd1/image/i9abb9891cd4559d2/version/1349484097/image.gif 720w, https://image.jimcdn.com/app/cms/image/transf/dimension=640x1024:format=gif/path/s2e2ea4a9b3965dd1/image/i9abb9891cd4559d2/version/1349484097/image.gif 640w, https://image.jimcdn.com/app/cms/image/transf/dimension=320x1024:format=gif/path/s2e2ea4a9b3965dd1/image/i9abb9891cd4559d2/version/1349484097/image.gif 320w" style="border: 0px; display: inline; left: 0px; max-width: 100%; top: 0px; vertical-align: top;" /></a></figure><div> <div class="cc-m-textwithimage-inline-rte" data-action="text" data-name="text" id="cc-m-textwithimage-5403772763"> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">We have another 5 minute chart above. Once I have made sure that the price is above the <span style="font-weight: 700 !important;"><a href="http://www.forexstrategiesresources.com/trend-following-forex-strategies/103-system-500/" style="color: #0099e1;">144 EMA(exponential moving average)</a></span>  on all 3 time frames (30 minute, 15 minute and 5 minute charts), I will look at the <span style="font-weight: 700 !important;">10 EMA (exponential moving average)</span> and make sure that it is also above the 144 EMA on all time frames.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">Once that’s done, I looked at the price and checked if it is above the <a href="http://www.forexstrategiesresources.com/trend-following-forex-strategies/103-system-500/" style="color: #0099e1;">10 EMA</a> <a href="http://www.forexstrategiesresources.com/trend-following-forex-strategies/103-system-500/" style="color: #0099e1;">(exponential moving average)</a> on the 5 minute chart.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">When the price has closed above the 10 EMA on the <a href="http://www.forexstrategiesresources.com/scalping-forex-strategies/95-5-min-method/" style="color: #0099e1;">5 minute chart</a> over the previous 2-3 bars, I waited for price <a href="http://www.forexstrategiesresources.com/scalping-forex-strategies/38-kevinator-retracement/" style="color: #0099e1;">to retrace</a> to the 10 EMA. The price then retraced and came extremely close to the 10 EMA on the <a href="http://www.forexstrategiesresources.com/scalping-forex-strategies/101-5-min-trading-system/" style="color: #0099e1;">5 minute chart</a> so I looked to enter the trade.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <span style="font-family: 'Comic Sans MS', cursive;"><span style="font-size: 16px;">I remained in the trade and followed the trend until my target of 3-50 pips had been reached.</span></span></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> <br /></div> <div style="font-family: Arial, Helvetica, sans-serif; font-size: 15px; font-stretch: normal; padding: 0px;"> source;http://www.forexstrategiesresources.com/trend-following-forex-strategies/76-ema-s-retracement/</div> </div> </div> </div>

EMA'S Retracement Trading System

Currency Pairs: All. Time Frame: 60 min. Indicators : 144 Ema (exponential moving average) , 10 EMA(exponential moving average) ...

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