MatijaScalres's profile

Matija Scalres
Hello fellow forex traders my name is Matija Scalres and I have been a forex trader for about 4 years now. If you are like me you probably have tried every forex system out there. And still at the end of the month I found myself losing money like always.
Trading Style:
So I have created my own trading system. This system is very easy to implement and it doesn t require your to stay glued to your monitor all day to wait for a signal. But you can check every once in a while to see if conditions are met. So before implementing this system you need to know about Fibonacci s retracement and pivot points. If you don t already know just do a Google search. Some people use Fibonacci, others use pivot points, moving averages or trend lines. This system is about an efficient combining of all these technical analysis methods. You will need to setup 2 charts: 1) 1h chart 200 ema(close) 55 ema(close) 2) 15 min chart 200 ema(close) 55 ema(close) Signals: 200 ema(1 h or 15 min), 55 ema(1h or 15 min), round numbers(like 1.3200), important pivot points(S1,R1,M1,M2,M3,M4), Fibonaccii's retracement(38%,50%,61.8%) Any time you find a confluence of at least 3 of the above signals there's you're trade. Stop loss: 20 pips Target: 40 pips Example: Let's say that 200 ema on the 1h chart is at 1.3227, 1.3232 is 50% Fibonacci's retracement of a previous up move and the M1 reversal pivot point is at 1.3230 and 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 strong reversal points by implementing different technical analysis methods that traders use.
Experience: 3-5 Years
Vouchers: 0
Registered: Sep 26 2011 at 00:43
Blocked Users: 0
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EURUSD 1.11293 GBPUSD 1.28352
USDJPY 108.59 USDCAD 1.31494







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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.