nice
Is There Any Simplest Method To Success In Forex? 63 replies
Absolute Simplest KISS Method. Also, how do we measure risk reward? 68 replies
Simplest Daily EMA Cross System 134 replies
Simplest system ever 74 replies
Back to Dow Theory....The Simplest Trading Method, by Thomas Chadwick 19 replies
DislikedTeb
ok lets say the 1hr has just opened below the 200ema and now all 3 TF are in line (4hr, 1hr and 15min)
on the 15 min chart the market is a long way off the 200 ema
do we now put up the fractals and we are now selling into the lows (or just below that)?
cheersIgnored
Dislikednot sure I understand what you mean
the 4 & 1 hour are over the 200ema
so now the action is on the 15 min right
it is below the 200ema... its bucking the trend
70-80% of the time price return to the trend
you could simple place a bet here & win most of the time
we want to increase the odds
we do that by waiting for a break in the down trend on the 15 min
we do that by the 1.2.3 or a TL break
(TL break on the 15 would not be that strong in my mind I would rather at least the hour for a TLbreak)
also the Fractal can get you in trouble - they are a tool but you need a strong hi or Low some times
they are weak ones!)
I hope that helps
TEBIgnored
DislikedTeb
thanks for reply
ok market is above 200ema on 4 hr and 1hr
now to the 15 min we are waiting for the market to close above the 200ema and enter our trade, right?
cheersIgnored
Dislikedwell,,,, you can do it that way & that is the true old 200 ema system
and its the safest way.
the problem is when price crosses 200 it normally takes off and takes a big move up.
so what I do is try to get in before it crosses the 200ema
I look to get in before it crosses the 200 with a swing break (or a trendline break)
back with the higher trends
tebIgnored
DislikedI have a question if the 200ema acts like a magnet has have what has been suggested, will the price eventually go towards the 200ema again and if so what is the best timeframe to see that direction in.
The reason I ask is as an example looking now at the usd/jpy on a daily chart the price needs to go up to reach the 200ema but on a 1h chart the price needs to go down, please anyone explain?
respect
Tom(uk)Ignored