To follow the rules I use 50, 100 and 200 ema's on the 2hr chart and they should be stacked in right order 50 at the top uptrend and 50 at the bottom downtrend.
In times of volatility I will take trades against this if ema's are flattening out or if there is an event that will move the market. I heard the story about Chinese growth yesterday I think it was (5.30 am here and I've been up 4 hrs) which moved JPY stronger. But thats cheating the 'system' so perhaps those trades are best left recorded elsewhere.
I don't use MT4 so the biggest challenge has been to get something system compliant. There are exceptions to every rule I suppose. If JPY strengthened 500 pips messing the emas and 2 hr chart indicated a reversal going up through -50 line, system compliant no, would I buy even if emas were headed down - you betcha.
In times of volatility I will take trades against this if ema's are flattening out or if there is an event that will move the market. I heard the story about Chinese growth yesterday I think it was (5.30 am here and I've been up 4 hrs) which moved JPY stronger. But thats cheating the 'system' so perhaps those trades are best left recorded elsewhere.
I don't use MT4 so the biggest challenge has been to get something system compliant. There are exceptions to every rule I suppose. If JPY strengthened 500 pips messing the emas and 2 hr chart indicated a reversal going up through -50 line, system compliant no, would I buy even if emas were headed down - you betcha.