DislikedThanks !!
For me, the highest price on december 21 is 1.3197. Brokers are different, prices are different...Ignored
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DislikedThanks !!
For me, the highest price on december 21 is 1.3197. Brokers are different, prices are different...Ignored
Dislikedzebulon, on all the trades after the first one...if the price keeps touching the 50 ema do you only place one trade? Or can you place a trade for each touch that is 80 pips away from the original if you didn't catch the first one? Because on the eur/usd price recently has touched the 50 ema about 9 times. So i imagine you place only one until the next one but if you missed on the touch you could get in on the next touch if it happens right away and you still follow the rules.Ignored
DislikedAs you can see, for me the price didn't reach 1.3200 after the sell at 1.3120Ignored
DislikedAmazing there can be over a 30 pip difference between quote systems or brokers.
So all your work is off a quote system or are you trading sim/real time?
I am going to check with a couple of these spread houses and see what they come up with for that day, after Christmas.
Edit: I figured out what happened.
It seems that the quote system is set to indicate the closing price every four minutes, hence the close at 1.3197, BUT the price spike did actually go through to 1.3224. So if there was an order pending over 1.3197 and up to 1.3224 (stop)...Ignored
DislikedNo, i can tell you the chart above shows exactly the price and even an pending order at 1.3200 would not have been filled.
I'm working with real time charts.Ignored
DislikedNice & simple strategy...sometimes the most effective systems are those that are easy to understand and implement and this system appears to be such. As Zebulon pointed out, the key is PA. Once you understand how the Forex market moves, then it's a matter of using a system which you can understand easily and apply consistently. I've created a PDF which highlights the main points of Zebulon's system and hopefully all of you will find it helpful. Let me know if I've left anything out. Great Job Zebulon! Enjoy.Ignored
DislikedThis looks incredibly promising. Have been experimenting a bit. Actually impressed. But needs something added maybe, but cannot figure out what..Ignored