BTW, what do you do in this situation? This is from Jan 11 on 30 min euro. All 3 of these trades would have been losses, correct?
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DislikedI set this indicator for 5 and 75 as well as 5 and 85. It seems to work, but perhaps it can be modified for the LMA's (not sure if it makes a difference) and sound by one of our great programmers?Ignored
DislikedBTW, what do you do in this situation? This is from Jan 11 on 30 min euro. All 3 of these trades would have been losses, correct?Ignored
DislikedThis is similar to a "system" I looked at a few years ago.
Here's the problem when you try to cross a 5 and a 75 on a 30M and/or 1HR (ESPECIALLY with the 4 majors):
It looks nice on the past charts but most of the moves come during news time. By the time the 5 crosses the 75, the price is already (usually) moving back in the opposite direction. Most of the entries posted would've gotten you in AFTER the price started moving back the other way.
Looks nice though.Ignored
QuoteDislikedQuote:
Originally Posted by ktrade http://www.forexfactory.com/images/buttons/viewpost.gif
This is similar to a "system" I looked at a few years ago.
Here's the problem when you try to cross a 5 and a 75 on a 30M and/or 1HR (ESPECIALLY with the 4 majors):
It looks nice on the past charts but most of the moves come during news time. By the time the 5 crosses the 75, the price is already (usually) moving back in the opposite direction. Most of the entries posted would've gotten you in AFTER the price started moving back the other way.
Looks nice though.
You've summed it up perfectly. Unless it happens to catch a strong trend, it is too lagging and the move will be over by the time of entry. Nice post