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Forex Strategy “Vegas Wave”

This strategy was generated for the H1 time interval and for the alerts that signalize the opening positions. Here the alerts from the EMA with 144 or EMA with 169 and the wave theory of Fundamentals Elliot are applied. They create a channel on the graph.

The EMA with 144 is very important as it represents strong and long-dated movement of the trend. It is a very good price support. If the price transects the EMA with 144, the trend is about to change in the market.

Alerts for entering the market will be the crossing of the channel price that will be generated with 2 MAs (169 and 144). The generation of the fractal will mean the filter should be applied for the bargain close.

Alerts to hold the profits will be made from the wave theory of Elliot and stretching of Fibonacci.

The loss of trades will still happen when using this strategy, because one enters the market not only at the beginning of movement of trade. However, according to the statistics, the profitable trades occur 3 times more often when applying the strategy. 

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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