15 56 Candle cross ~ forex market hours local time
15/56 Candle cross trading system uses a 15ema and a 56ema and is recommended for the Daily timeframe.
Currency pairs: any
Markets: Indicies, Commodities, Forex
For a BUY
We want the 15ema to be ABOVE the 56ema, and then we enter on the first candle to open below the 15ema and close above the 15ema.
We exit on the next candle to close below the 15ema.
For a sell
We want the 15ema to be BELOW the 56ema, and then we enter on the
first candle to open above the 15ema and close below the 15ema.
We exit on the next candle to close above the 15ema.
In the picture 1
Tree buy setup (candle opens below 15 EMA and close above 15 EMA).
Only take Buy trades when 15EMA is above 56EMA.
Exit no the next candle to close below 15EMA.
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| 15/56 daily trading system |
In picture 2
Sell setups ( candle opens above 15EMA and closes beow 15EMA).
Only look to sell, when 15EMA is below 56EMA.
Exit no the next candle to close above 15EMA.
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| 15/56 daily trading system |
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