DislikedI think I got it. But the ema levels are confusing. There are so many levels, isn't it always closing above/below a level?Ignored
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DislikedI think I got it. But the ema levels are confusing. There are so many levels, isn't it always closing above/below a level?Ignored
Dislikedyeah you are right, it doesn't always but most of the time it does. if you want u can take a look at the vegas 1hr tunnel method to get more background into why i have so many ema levels. ideally i would wait for it to reach higher ema's level rather than near the 156 ema.Ignored
DislikedYou mean higher ema levels for a short and lower ema levels for a long?Ignored
DislikedAH i see why i having a slight problem. For som reason ur template folder gave a stochastic setting 35.5.8 instead of 21.5.8.
can see more clearly now.Ignored
Dislikedno problem. Does look like a good system, not too many trades, clear signals. Roughly how many trades you get with this per day?
Is it worth using a smaller time frame to get in early, like 15m?Ignored
DislikedHow many pairs do you trade this setup on? There's nothing really here to set up an alert, so all pairs would have to be screen visible at once.Ignored
DislikedFor a long, does price have to be below the 156 MA, and above for short?Ignored
DislikedYour style and mine are the same except i use bb instead of sma, because that normally confirms my thought on over bought over sold. And usually bags more than 150.
Nice workIgnored
DislikedBen,
for long: as long as the stoch is in the 20-10 range and is heading up, it doesn't matter if it is above or below the EMA. but when the price hit level 144, 233 or higher be careful, it just means the market will be exhausted and will probably go reverse soon and for me it is a good and ideal situation to enter the market. you could take a look at the history of the market and u'll see that it is true most of the time.=) just give this system a try for a couple of weeks and u'll get a hang of it.http://forexfactory.com/images/icons/icon7.gifhttp://forexfactory.com/images/icons/icon14.gif and probably prove what i said earlier in post 1, that you could make 150+ pip/day.http://forexfactory.com/images/icons/icon7.gif [IMG]file:///C:/DOCUME%7E1/BC223%7E1.PHA/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG]Ignored