USDJPY 1D MA-X STRATEGY
Tim's MA-X Strategy.
This is a Moving Average Crossover or MA-X Trading Strategy setup.
MA-X strategy consists of the 100 period simple moving average (SMA) in red,
and the 20 period exponential moving average in blue.
If the 20 ema is above the 100 sma then we only take buys or longs.
If the 20 ema is below the 100 sma then we only take sells or shorts.
*In this case price is above the 100 sma so we will only take buys or longs.
*This Pair has been in a nice uptrend for some time.
*It's now pulled back below the 20 ema and consolidating below the 20.
*We are going to look for a close above the 20 ema to go long.
*This trade plan we buy a daily candle close above the 20 ema.
On the breaking candle to enter a full-sized position we want the volume bar to reach up to the volume average.
If it doesn't reach the average but does reach 75% of the average open a ½ size position to reduce risk.
You can calculate the percentage by dividing the first volume average by the second volume average.
You should at least get 75%, if you don't then stand aside on the trade.
The stop loss will be 1.5 x ATR.
The first target will be 1 x ATR.
So the way that works is you get your candle close above the 20 ema that's your entry point.
At that time you look at the ATR of that candle.
You multiply that by 1.5 to get your SL.
You measure that distance behind the entry and that will be your SL.
Then you measure 1 ATR above the entry and that will be your first target.
If after entering the trade the candle closes back below the 20 ema, take the loss right then.
Do not wait for the price to hit the SL.
Our intention is that a breakout above the 20 ema should be explosive and hit our target fairly quickly.
If the momentum goes away we want to shut the trade down without taking a full stop if possible.
When the price hits our first target, close half the position for profit and set the SL to break even on the remainder.
Follow stops as price moves in our direction until the market takes us out.
These two rules are the very definition of cutting your losses and letting your winners run.
Typically does this by using two positions.
The first position has a stop loss and a take profit.
That position will close automatically when the first target is hit.
The second position will only have a stop loss and not take profit.
This is a Moving Average Crossover or MA-X Trading Strategy setup.
MA-X strategy consists of the 100 period simple moving average (SMA) in red,
and the 20 period exponential moving average in blue.
If the 20 ema is above the 100 sma then we only take buys or longs.
If the 20 ema is below the 100 sma then we only take sells or shorts.
*In this case price is above the 100 sma so we will only take buys or longs.
*This Pair has been in a nice uptrend for some time.
*It's now pulled back below the 20 ema and consolidating below the 20.
*We are going to look for a close above the 20 ema to go long.
*This trade plan we buy a daily candle close above the 20 ema.
On the breaking candle to enter a full-sized position we want the volume bar to reach up to the volume average.
If it doesn't reach the average but does reach 75% of the average open a ½ size position to reduce risk.
You can calculate the percentage by dividing the first volume average by the second volume average.
You should at least get 75%, if you don't then stand aside on the trade.
The stop loss will be 1.5 x ATR.
The first target will be 1 x ATR.
So the way that works is you get your candle close above the 20 ema that's your entry point.
At that time you look at the ATR of that candle.
You multiply that by 1.5 to get your SL.
You measure that distance behind the entry and that will be your SL.
Then you measure 1 ATR above the entry and that will be your first target.
If after entering the trade the candle closes back below the 20 ema, take the loss right then.
Do not wait for the price to hit the SL.
Our intention is that a breakout above the 20 ema should be explosive and hit our target fairly quickly.
If the momentum goes away we want to shut the trade down without taking a full stop if possible.
When the price hits our first target, close half the position for profit and set the SL to break even on the remainder.
Follow stops as price moves in our direction until the market takes us out.
These two rules are the very definition of cutting your losses and letting your winners run.
Typically does this by using two positions.
The first position has a stop loss and a take profit.
That position will close automatically when the first target is hit.
The second position will only have a stop loss and not take profit.
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