Simple Horizontal Line Trading H1

Hello all,

I'll introduce my self first,
I've been buying and selling inventory marketplace for over 3 yr and begin buying and selling foreign exchange for 1 yr.
This methodology shouldn't be a brand new methodology that i create, i simply enhance from others buying and selling methods to go well with my very own buying and selling fashion.
I am not a career dealer, I nonetheless in a studying course of.

My Technique is utilizing H1 Time Body, SMA 50 and Horizontal Line rounded quantity 25 pip (000, 250, 500, 750).

Guidelines of Entry:

Lengthy Place:
- Worth above SMA50,
- Pending purchase order on the Horizontal Line above the SMA50 (000 / 250 / 500 / 750), Often give 3 pip above the horizontal.
- Goal 50 Pip, SL 30 Pip (R:R = 1 : 1.5)

Quick Place:
- Worth Under SMA50
- Pending Promote order on the Horizontal Line beneath the SMA50 (000 / 250 / 500 / 750), Often give 3 pip beneath the horizontal.
- Goal 50 Pip, SL 30 Pip (R:R = 1 : 1.5)

extra rule:
- I do not take the commerce when the horizontal line is to shut to the MA50
- Transfer the SL to BE+1 / BE+5 when the worth goes to your TP course (after 10-15 pip)

Listed below are some instance of the chart that i take advantage of.

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I am utilizing the identical chart that i put up above,

On the left aspect of the chart you may see that the worth is transferring beneath the MA50 line.

I'll put my pending Promote order on the value 1.26780, TP 1.26250, SL 1.27030 (I add 3 Pip for my Entry and SL for Unfold)

The Purple Field that i draw is the Entry and when the TP attain.

typically in a sideway situation this methodology not work very effectively however you may set the TP to 25 Pip and SL 25 Pip (RR 1:1)

and on the Proper Aspect of the chart you will note the worth transferring above the MA50. I put the Blue Field as my Entry and TP / SL attain.

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Right here another chart instance.

Typically the worth will hit your SL and goes to different course,
you should purchase on the identical time or anticipate the subsequent time value transfer above or beneath the horizontal line.
however for me i choose 1 commerce every so i wont purchase right away when my SL hit.

This chart is the instance of the right situation when down pattern.

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Different Instance.

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Sideway Pattern. 25 PIP SL TP (you'll get cease out so much when Sideway, so becareful when the pattern is sideway)

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GBPUSD

Quick commerce 1.26750

TP: 1.26250 (50 PIP)
SL: 1.27050 (30 PIP)

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Be happy to remark,