LOL..."we have contact"...yep i just got my H4 signal alert about 30min ago, just got back home so gonna see what targets i'm looking for on EJ
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Disliked{quote} We are looking at upward trend, right crossing, hope am correct? meaning buyIgnored
Disliked{quote} hi mkvy, good thread. i just tried this on m15, done backtest for last couples of week, and the result is pretty decent. it's because i've been trying to find a simple system for intraday with fix rule, so i can trade while doing other work. i have question: like your last EURJPY case, what if after your sell position closed (hit SL+), ema13 didn't cross up, meaning downtrend still intact, do you open new sell position? or you just waiting for ema13 to cross up?Ignored
DislikedTargets.. You can look at larger timeframes H4 or Daily.. to see major trendlines o horizontal structure... as long as its 100's of pips its ok to take profit but then you will have to wait for another cross signal. . In this example what happens if the price falls below that trendline.. you would be looking at huge pips... The chances are that the price would bounce up again and create a buy signal but then you may only get 100 pips profit... Sometimes you have to sacrifice less profit for the chance of getting huge profit {image}Ignored
Disliked{quote} usually, if i lose a trade, i wont do revenge trade. i wait for next signal meeting the rules.Ignored
Disliked{quote} hi mkvy, good thread. i just tried this on m15, done backtest for last couples of week, and the result is pretty decent. it's because i've been trying to find a simple system for intraday with fix rule, so i can trade while doing other work. i have question: like your last EURJPY case, what if after your sell position closed (hit SL+), ema13 didn't cross up, meaning downtrend still intact, do you open new sell position? or you just waiting for ema13 to cross up?Ignored