DislikedThere was this time once when I didn't wait for the candle to close but the ma s had crossed, so I thought there might be a chance that, all the economic forces at work , on the exchange rate between the currency pair that I was trading, might just push the move in my favour( seeing as how the 5/12 ema s had crossed)so I took the trade , and the moving averages DID NOT uncross. Well, as you can imagine, I made over 100 pips.
Then there was this other time when I waited for the candle to close, and the ema s to cross.Just like you said I thought, once they have crossed and the candle is closed, they can't uncross, (global economic forces and all that) But, you know what?The next three candles were really big and in the opposite direction of my trade. So , the moving averages DID uncross.I lost over 110 pips.
What do you make of that?Ignored
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- Feb 23, 2007 8:02am Feb 23, 2007 8:02am
- | Joined Nov 2006 | Status: EA Programmer | 298 Posts