STRATEGIES FOR TRADING FOREX

STRATEGIES TO USE FOR A PROFITABLETRADE:
The First Strategy: SIDUS METHOD:
Follow the steps below:
- 1H Timeframe
- 18 EMA & 28 EMA (put them in red)
- 5 WMA (in blue) & 8 WMA (in yellow)
The 18 EMA & 28 EMA are two red lines who form a tunnel; these will help you to determine the start of a trend and the end of a trend.
The WMA & 8 WMA will show you when to enter a trend; they will also help you to see the strength ofthe trends.
Entry Signals:
You should only open a position, when the red tunnel is extremely narrow or crossed.
LONG: 5 WMA & 8 WMA cross the red tunnel upwards.
If the 5 WMA also crosses the 8 WMA upwards, then the signal is extra strong.
SHORT: 5 WMA & 8 WMA cross the red tunnel downwards.
If the 5 WMA also crosses the 8 WMA downwards, then the signal is extra strong.
Exit Signals:
Signals that show the end of the chosen trend:
- LONG: The price has reached a top and 5 WMA dives under 8 WMA , you close your opened position
- SHORT: The price has reached a bottom and 5 WMA jumps above 8 WMA, you close your position
Always close your position when boundary’s of the red tunnel cross each other or when they become so narrow that they are one. This is a clear sign of a trend reversal. After you see this, close your position and open a new position in the other way (If you were long, close, open a short position)
PAY ATTENTION!!!
When in a trade and the 5 WMA & 8 WMA cross the red tunnel, as long as the red tunnel boundary’s doesn’t cross each other there is no problem, but often this is a sign that they will!
!!! Always use a stoploss - I recommend a 10-15 pip stoploss !!!

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