Trading Masterclass: The Ultimate Scholar Strategy (Details in description!)

3 indicators, 4 rules:
Set up EMA as explained in the video
Set up RB IPP as explained in the video
Set up MACD as explained in my #howto series https://www.youtube.com/watch?v=SKEnpoBnCFg&list=PLuWzSmQOwNV7JocZH39KHW7YSyao_UwMx&index=8

3:1 Risk/reward. 45pip TP, 15pip SL.

1. Identify the direction of the trend. If the currency pair is consolidating, stay out of the trade. If it's trending, Move on to step 2.
2. Trading times are 9:30am EST and 5pm EST. The pivot line forms at those times. Set BUY/SELL on the pivot line according to the trend direction.
Set Alerts for Entry, SL, and 15pips in profit.
3. If SL is hit, wait for next pivot line and reassess trend.
4. If 15 pips in profit alert is triggered, move SL to break even (BE).
5. Set new alert for Tp at 45 pips in profit, and at BE.
6. If Trend is strong, multiple entries can be taken as pivot lines form before previous entries close (As shown in video).

#forex #scholartrading #tradingmasterclass #scholarstrategy

at the 54:53 timeframe, I dive into EURUSD to show a better example of how the strategy works with a strong currency pair compared with CADJPY as the video starts off.
This is my bread and butter.

2 more videos to follow regarding mindset, and what to avoid when jumping into the fray.

Godspeed Traders!