Trend Follow on GBP/USD: Read Direction on M15, Enter on M5

Let the M15 set direction and the M5 find the entry. A clean way to stop fighting the trend.

Trend Follow on GBP/USD: Read Direction on M15, Enter on M5

Mục lục

    Let the M15 set direction and the M5 find the entry. That's how you stop fighting the trend.

    The core setup

    The M15 sets your bias off the EMA 50. Price above the M15 EMA 50, you're hunting BUYs. Price below it, you're hunting SELLs. Nothing against that read.

    How to enter

    Once you have the M15 direction, drop to the M5 and wait for a pullback to the EMA 21. BUY when price pulls back to the EMA 21 and prints a bullish confirmation candle. SELL is the reverse. Add the M5 RSI to judge whether the pullback has run its course.

    Trade management

    The stop goes below the nearest swing low on a BUY, above the nearest swing high on a SELL, usually 15-20 pips. Scale the target around 15 and 30 pips, or park it at the nearest M15 swing.

    When to skip it

    Skip it when the M15 is ranging, the EMA 50 is flat, and price keeps flipping back and forth across it. Trend following only pays when the market actually has a trend.

    If you tend to get lost juggling timeframes, this is a clean way to drill it: the higher frame picks the direction, the lower frame picks the entry.

    Contact: https://t.me/kentfxs

    Publishing note: This content is not investment advice. Always test on a demo account and take responsibility for your own risk management.

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