Trading between the 55 and 100 EMA, short position on GBPUSD D1.
My system is to buy when a new candle opens above EMA 55 and close at profit when the price touches EMA 100, but it's not like that only, before the trade should open a line must be drawn on the EMA 55 and that line must touch a tail of a candle in the previous down trend and a formed previous Zigzag indicator touching the 55 EMA but not reaching the 100 EMA yet, and the stop loss should be under the last bottom. The sell trade is the same in the other direction.
P.S: The entry should not be directly when the new candle of the same time frame opens above the 55 EMA , because we must work with 2 time frames, the actual + the one before (1D + 4H) or (4H + 1H) or (1H + 15M) or (15M + 5M), so if the candle tail touches the 55 EMA and close above it, we must watch the previous time frame and open a sell trade when touching the 55 EMA and only when a new candle open under it, so it will be a sell limit order with price touching the 55 EMA , or just sell market price when touching the 55 EMA .
P.S: The entry should not be directly when the new candle of the same time frame opens above the 55 EMA , because we must work with 2 time frames, the actual + the one before (1D + 4H) or (4H + 1H) or (1H + 15M) or (15M + 5M), so if the candle tail touches the 55 EMA and close above it, we must watch the previous time frame and open a sell trade when touching the 55 EMA and only when a new candle open under it, so it will be a sell limit order with price touching the 55 EMA , or just sell market price when touching the 55 EMA .
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