DislikedJust remember you're gonna get a lot of false starts and quite a few losers but only 10 to 20 pips with luck but your winners will hopefully be a lot bigger and use the AB move from the higher timeframe as your target but always be ready to take your profits...Ignored
You still have to balance:
- the quicker turn on fsma that might give false starts before reverting to trend, you are quite nimble in and out perhaps quicker than most (certainly me) the BC move in your last gbpaud chart a good example of fsma CT signal reverting to move down
- getting in early on the most likely suspects for us is the aud, jpy, cad, nzd crosses with gbp and eur i.e. the larger adr pairs
- how much its run in Asian session
and last but certainly not least:
- we continually get to consider the top trenders and most days they will kick in with big moves, especially when there is strength/weakness across the board. The problem is when you are in the wrong pair or in a top TT that fizzles out and others come up.
I'm still using the 100lwma on charts and TT but my biggest work in progress is to let trades on this method run longer. We are 200 up on gbpaud sell from 1.9748 but thats a different method with different expectations. But surely on this method with strength/weakness across the board the expectations should be to exit trades (from one two entries) with 50 pips or more. If you get to 20 and out at BE so be it, the method is to try and catch the TOP TRENDERS from a small stop. That doesn't imply small 10-20 pip trades to me.