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Daily Currency Analysis & Technical Currency Strategy -

The Euro has reached back above the 1.4200 price level for the first time since June 5th, as European equity markets advanced for the sixth straight day. Currency traders chose to ignore the largest drop in 40 years for German producer prices as an improving outlook for growth offset the potential deflation risks. German factory gate prices fell 4.6% from a year ago, a full percentage point lower from May’s -3.6% reading.

Technical Currency Strategist Weekly Classical Outlook: USD Hanging on by a Thread • Euro reaches key inflection point; tough call from here • Dollar/Yen remains locked in a very well defined downtrend • Cable well capped by key 61.8% fib retracement • Dollar/Swiss needs to hold above 1.0500 to keep recovery hopes alive

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10 Pips A Day Easy! New Forex trading strategy.

10 Pips A Day Easy! New Forex trading strategy.

10 Pips A Day Easy! New Forex trading strategy.

Dear friend, let’s cut to the chase. Here’s the trading setup, entry rules, stop loss rules, and exit rules of this system. I truly believe it easy can potentially generate much more than 10 pips a day. But I’m sure like me, you’re probably sick of those unbelievable claims from the self-proclaimed Forex “GURUS”… You know, promises of 1000 pips a day, millions of dollars overnight…


10 Pips A Day Easy!

OK. Enough of my rants. Let’s get started right away:
In this system, we use 3 Forex indicators:

  • 5-period Exponential Moving Average (EMA 5) applied to the Close.
  • 12-period Exponential Moving Average (EMA 12) applied to the Close.
  • 21-period RSI (RSI 21).


Entry Rules for Long Trades:

It’s simple. We enter a long trade when EMA 5 crosses EMA 12 to the upside. AND our RSI 21 > 50.

Entry Rules for Long Trades:

Enter short when EMA 5 crosses EMA 12 to the downside and RSI 21 < 50.

Stop loss = 20 – 30 pips… depending on the volatility of the currency pair. For more volatile pair, like GBP/USD, stop loss = 30 pips. For less volatile pair, like EUR/USD, use stop loss of 20 pips. This is strong Forex trading strategy.

Exit Rules for Long Trades:

Exit the trade when EMA 5 crosses back below EMA 12 OR RSI 21 < 50.

Exit Rules for Short Trades:

Exit our short trade when EMA 5 crosses above EMA 12 OR RSI 21 > 50 !

Do you want example? Take it!

Short Trade Example:
10 Pips A Day Easy. Short Trade Example.

10 Pips A Day Easy. Short Trade Example.

And Long Trade Example:
10 Pips A Day Easy. Long Trade Example.

10 Pips A Day Easy. Long Trade Example.

There you have it. A manual trading system for consistently making a conservative 10 pips a day. I hope you enjoy this short publication.

Oh, before I forget, I need to tell you something… That I think will benefit you tremendously. Especially if you’re new to Forex OR don’t have time to sit glued your monitor watching the market 24/7, OR if you’re just lazy (like me) and want an automated system that requires little work on your part.

My readers have been asking me for 5 years… to create an automated forex trading software… An autopilot system for “the little guys” – who have little capital… little time… or no patience… to trade Forex the old and boring way.

Our team of programmers and I have been developing it for 3 years. From our testing (back-test and forward-test), it can potentially make up to 465 pips ($4,650) each and every week…

And how many pips you make a day?

New Forex trading strategy.

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