Please read the thread from the beginning. I am not going back to start to explain something that's easier than most of systems.
EMAs must turn, MACD must turn, W%R must be bellow -20 (BUY) or above -80 (SELL), PRICE MUST BREAK THE Previous' Day REG CHAN and Trend Line (usually paralel to RegChan), entry at max 5 bars of MACD since turn.
Please don't insist. I have a webpage also, a thread like this is open on Babypips, I don't have time to explain everyone the same thing over and over again.
EMAs must turn, MACD must turn, W%R must be bellow -20 (BUY) or above -80 (SELL), PRICE MUST BREAK THE Previous' Day REG CHAN and Trend Line (usually paralel to RegChan), entry at max 5 bars of MACD since turn.
Please don't insist. I have a webpage also, a thread like this is open on Babypips, I don't have time to explain everyone the same thing over and over again.
DislikedHi together,
I'm learning your system since some days.
Now I have a question, why is this no valid entry ? It's EURGBP from yesterday.
You see:
1: EMAs crossing
2: candle breaks RegChan
3: MACD turns
4: %R is above -80 (enough away from RSI)
So, the green-marked candle should be our entry with short, isn't it ?
But it' false. It goes up.
Is the problem, that %R is only -75, is this to little above -80 ?
Thanks for you help...
SwenIgnored
PIPology - The Science of Mastering the PIP