It is easy, simple but awesome in power. It works with all pairs (major and others) which means you have an entry most of the
time. I thought of calling it “The honey moon strategy”, but honey moon must end sooner or later. The magic of this strategy
never fades. Originally called “The broken trend”, which sounds too technical. Now let us get to business and revel in the magic:
1- EMA 9, EMA 30, Momentum indicator (draw a horizontal line at the 100 point).
2- The hourly chart.
3- Draw a Tom Demark trend line (connecting at least 3 swing high (or low). And should avoid steep angles
Enter buy when the 9 EMA crosses up the 30 EMA and the momentum line is above 100. And price breaks the down trend line.
(The trend line is our invaluable filter so make sure you do a lot of practice with it). Entry should be placed at the opening of the
new hourly candle after the cross (to make sure the crossing and trend break are real and to keep away from whipsaw).
Enter sell when the 9 EMA crosses down the 30 EMA and the momentum line is below 100. And price breaks the trend line, at
the new hourly candle after the EMA crossing.
The EMA crossing can occur before or after the trend line break.
Stop: 40 pips (it has to be respected).
Target: from 40 pips up to 150 pips (depending on pair volatility and current situation).
Move your stop in the direction of trade in steps of 10 pips. When market reaches 75% of its daily range tighten your stop. When you see signs of reversal close order at market price. When you do not see any signs of reversal get rid of your limit and follow the price very closely with your trailing stop.