Forex Intraday Trading System

Intraday Trading system using 5 minutes trading time frame chart.

Currency pairs: EURUSD, GBPUSD
Time frame chart: 5 minutes time frame chart
Forex technical indicators: 10 EMA Exponential Moving Average Forex technical indicator, 21 EMA Exponential Moving Average trend indicator, 50 Simple Moving Average indicator Forex.
Trading rule: Open a new trading position just after 50 Simple moving average indicator above 20 degree and market price reverse in the area between 21 Exponential moving average indicator and the 10 Exponential moving average indicator.

The important thing in the Forex trading is to search a strong trend on the 5 minutes time frame chart using 50 Simple moving average indicator Forex and open a new trading position just after the market price reversed to the area 21 exponential moving average indicator and the 10 exponential moving average trend indicator EMA.

Do not open a new trading position before big news event, this Forex intraday trading system is not made for news trading. Do not open a new trading position until the market price situation meet the trading rules!

Let me repeat the trading rules again:
- 50 Simple moving average indicator should give strong trading signal, slope at least 20 degree
- wait until the market price reversed between Exponential moving average 21 and exponential moving average 10
- Set your stop loss and profit target based on risk and reward ratio, at least 1:2

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