DislikedSounds quite good, will have to test it out first on demo. Which currency pairs does it work on and which doesn't it work on?Ignored
Newbie asking a newbie interest rate question: 1 reply
EMA crossover (ema 14 & 34) 4 replies
EMA's and MA's confiming small time correctoin ema's crossing 1 reply
DislikedGOOD question
In a big trend, there are hundreds of systems that work. But at choppy hell insane markets, how GOOD would it perform?
At your chart, unless I'm a huge scalper (which I'm not...) I would stay aside, sitting upon my $$...
Looking forward to see the answer!Ignored
Dislikednice stuff..
this is what i can see after 5 minutes looking at few charts:
1. don't trade when the price is touching and inside the lines.
2. trade when the first candle open above (buy) or below (sell) the lines.
3. take profit and stop loss is when the price touch the line.
p/s: i prefer to trade at 4HIgnored
Dislikedif people are interested in how to determine when to work out that things may turn choppy or start to head sideways then try to get a hold of material by michael jenkins. excellent stuff.
obviously as stated before that knowing when to stay out is critical, trading thru the sideways periods is what kills these kinds of systems.Ignored
DislikedWe have a WINNER!!!
Excellent analysis... Using this on the 4H charts will yield HUGE results EVEN when there are false signals (and there are a few... but the positive signals far out-number the false signals) AND the real signals pay-off so much that even with the false signals, we have the makings of a very simple Holy Grail.
Looking at the actual BAR can give real insights into how price will react when it's in the channel. For instance, when you see price penetrate the channel, and pull back... look for tails . as they can tell you if the pull back will KEEP pulling back (thus producing a false signal) or it's a natural pull-back and price will soon follow through...Ignored
Dislikedthanks for sharing this strategy!
personally im using ema30 chanel on tf15/30!
yes..its dangerous on choppy market..
maybe u guys can try out this indi to filter flat trend!
popIgnored
DislikedHere is my M2, M5, and H1 charts...
Here's what I see...
On the 60M chart, it looks like the pull back was contained at the EMA CLOSE (middle)
On the 2M chart, we have broken to the down side, setting up the M5 to break down as well...
The downside is currently being contained by the 60M EMA LOW which once broken would be another entry....
What I'm looking for is a BOUNCE DOWN on the M2 at the EMA LOW / CLOSE... which aligns nicely with the M5 EMA HIGH
FYI: My entries can be visually spotted by matching up the colors on the bottom... Four Orange = SELL and Four BLUE = BUY...
Thoughts???Ignored
DislikedHere is my M2, M5, and H1 charts...
Here's what I see...
On the 60M chart, it looks like the pull back was contained at the EMA CLOSE (middle)
On the 2M chart, we have broken to the down side, setting up the M5 to break down as well...
The downside is currently being contained by the 60M EMA LOW which once broken would be another entry....
What I'm looking for is a BOUNCE DOWN on the M2 at the EMA LOW / CLOSE... which aligns nicely with the M5 EMA HIGH
FYI: My entries can be visually spotted by matching up the colors on the bottom... Four Orange = SELL and Four BLUE = BUY...
Thoughts???Ignored
DislikedHere we are again...
The price is being contained within the M2 channel (bouncing within) and both channels are flattening out. So now we are looking to see which way the price breaks.. Up or Down... I'm still favoring down only because there is a S/R level at 201.50...
NOTE: Trading from the 2/5 min is VERY RISKY and I don't advise it.. I just watch how price reacts and refer to my upper time frames for actual trading but these time frames will get you in very early if you do decide to use them (SCALPING comes to mind)Ignored