Hello, my name is Marius and I have been a forex trader for about 3 years. If you’re like me, you’ve probably tried all the forex systems here. Still, at the end of the month, I found myself losing money as usual. Finally, one day I decided to create my own trading system because I was so tired of all the systems that I had tried not to work. This system is very easy to implement and does not require you to stay glued to the monitor all day to wait for a signal. You can check from time to time to see if the conditions are met. Before implementing this system, you must know the Fibonacci retracement and pivot points. If you are not familiar with Google yet, this is beyond the purpose of this article.

Some people use Fibonacci, others use pivot points, moving averages, or trend lines. My system consists of an efficient combination of all these technical analysis methods.

You will need to configure 2 charts:

1) 1h chart

200 ema (close)

55 ema (close)

2) 15 minute chart

200 ema (close)

55 ema (close)

Signals: 200 ema (1 hr or 15 min), 55 ema (1h or 15 min), round numbers (such as 1.3200), important pivot points (S1, R1, M1, M2, M3, M4), Fibonacci retracement (38 %, 50%, 61.8%)

Every time you find a confluence of at least 3 of the above signals, you are trading.

Stop loss: 20 pips

Target: 40 pips

Example: let’s say 200 ema on the 1h chart is at 1.3227, 1.3232 is 50% of the Fibonacci retracement from a previous bullish move and the reversal pivot point of M1 is at 1.3230 and the current eur / usd price is 1.3250 .

Place a buy order near the confluence (buy 1.3235 sl: 1.3215 target: 1.3275)

This system is all about finding reversal strengths by implementing different technical analysis methods that traders use.

In a future article I will write more about target refinement using Fibonacci extensions.

Good luck