DislikedHAHA yeah that rule sometimes bites you in the ass but it saves you more often. This current bar carries a lot of momentum and there is plunty of upside room for the G/U, I think trade #20 is looking very good. Alllivemind I would like to thank you for your effort in this forum, and I really feel like you get the system to. Im sure you can testify to all the newbies that once you understand it the setup just pop out at you. I cant be here all day like I will be able to in a month or so, and people like you and Howard who help people out really take a load off me. Im sure other people understand it as well as you two do and I would like to thank them in advance for answering questions.
Pleace anyone who is going live with this, do not trade this system if you cant spend 5 minutes every 4 hours on the computer. You will without fail catch all the loosers and miss all the winners. Also do not trade more than 1 mini per $2000 in the account!!!! VERY IMPORTANT!!!!
-SterlingIgnored
Since the previous bar has touched both emas and so must be ignored, then this next bar could be a setup bar if it penetrates the upper band by 5 pips, even if it does NOT break the previous high. Right?
I actually have a very small trade on the E/J with this system, and it is a perfect example of what I'm asking. It penetrated the 5 ema on the current bar, but did not break the previous high, and the previous bar touches both emas.
And yes, I will testify:
Once you "get" this system, it's easy to see the trades and stop movements at a glance. If you read all my posts since day 1, you can tell I was very confused at first, lol.
Michael