HT Entry Setups: A1 (H1 at the EMA)

Throughout their trading careers, traders get a lot of information thrown at them. Some information is valuable other information is garbage. One trader that I feel is a very good trader and has an extremely great system is Al Brooks. I'm part of http://www.brookspriceaction.com/ which is a website of traders who trade using his methodology.

The most successful traders take the best parts from the best traders, incorporate their own ideas, and output a system that produces profit. I took Brooks' concept of H1 and L1, added my own idea, and created a signal entry from it. I call it an A1. It's essentially an H1 or L1 that occurs at the EMA.

I enter with 2 contracts. Target on the 1st contract is 1 point, target on 2nd contract is at least 4 points. Stop on both is at invalidation, max of 2 points. Your max risk on the trade is $80, but the goal is to get the 1st contract filled and move stop to -1 point then, you are risk-free at that point! After movement in your favor, you move stop above entry and then trail the swings.