As you know I like keeping my weekly goals simple and forget about trading forex for the rest of the week. Today’s trade was very simple especially considering that yesterday was a choppy day and there were no trade entries.I like keeping my trading simple and have stuck to my own smoothed ema’s and one oscillator and the goal is only 50 pips a week.

So using the simple 10/20 smoothed ema crossover system in the xtick charts the entry after the trading signal came in at point A in the usdchf forex chart below was at 1.1513 at 1am est and the first target was at the weekly S1 at 1.1427

It was a simple trade and ended the week at least for me at 86 pips for the week .Hopefully now I have the time during the week to continue with the How to Set up a Forex System series.

Forex trading rule I use.

If Sunday night est which is actually London Monday morning is choppy ,then I sleep very early the next day as I would be expecting a trend.