Quoting bundyraiderDislikedNo, only just began to study it the past few days. I like strategies that play off of MAs and my ears pricked up when it was mentioned.
I'm wanting a system that suits my personality. Systems like this seem to satisfy me. I can imagine eventually using something along these lines as my main system. No doubt a melding with others I've learnt through Jim, Dial, Vegas etc.
It appears to be a reliable and easy strategy that doesn't require TOO much discretion. Intend to do a lot more backtesting.
Franosa's post illustrates already how the same system can give different results for different people no matter how clear the rules. Franoza's suggesting 30pips is what Rob uses. When looking through the GPDUSD 15 Min 25- pips looked good to me. Most of the trade starts for it I had marked fell a good 10 pips short of the mark or more. Higher time frames would require different stops.Ignored
Looking back at USDCAD's past week chart, using H1 timeframe, these rules could be applied. I'm testing it today with demo account
1. wait EMA 5 crosses EMA 13
2. enter trade whenever PRICE touches EMA 62.