EURUSD - simple rule based trading system
1. Price is non-trendind right now with ADX at 20
2. Current yearly price action still has some room to move compared to previous yearly highs and lows.
3. The orange monthly opening line and the price line tells you what your current bias should be.
4. Currently price is closing in on its average price for the year - be careful to trade average price as it increase your risk.
5. Make sure your stop is outside the daily ATR even if you only trade short term intraday.
2. Current yearly price action still has some room to move compared to previous yearly highs and lows.
3. The orange monthly opening line and the price line tells you what your current bias should be.
4. Currently price is closing in on its average price for the year - be careful to trade average price as it increase your risk.
5. Make sure your stop is outside the daily ATR even if you only trade short term intraday.
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