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If you want to see an additional strategy you can try out our profitable double trend trap strategy. HERE IT IS, the deep, dark, mysterious, intricate, secret system, worked out by an ancient Chinese Taoist sorcerer and kept closely guarded for centuries by inscrutable Zen currency traders:. Open a new chart, set the time period to 15 minutes. I know, I know — the complexity of it is staggering, right? However, I often enter when the price has crossed and made a minute candle close past the 50 MA.

One of the main strengths of this strategy is its low risk. It works best when the 5 and 10 Mas are both rising at a fairly steep angle. The 10 MA line should continue to rise in a buy trade , and also act as initial support for the price.

Eventually, the price will come back through the 5 and 10 MA lines and test either the 35 or 50 MA line. Below is a screenshot of a minute chart showing movement both above and below the 50 EMA line. I urge you to set up your own charts with the three moving averages and watch the market action for yourself.

You need to put in the time and effort to always be learning how to improve your trading. But it can seem oh so slow in the beginning.

But you simply have to steel yourself to be patient, to be content with gradually increasing your equity. Just averaging small daily profits will make that million dollars a reality.

They forget all the times it worked wonderfully. As always, I welcome comments, suggestions, prayers, and gifts of chocolate and liquor. Jack Maverick is a writer and forex trader. All right, just to recap: Winners Edge Trading was founded in and is working to create the most current and useful Forex information and training available on the internet.

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