I have seen in my euro/gbp chart, i dont see a signal to go long there, neither i will go short as the pair is almost flat.
Intraday only.
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DislikedThis looks like an interesting strategy. I will be watching and trying on demo.
Thanks NavinIgnored
DislikedI never tested 5M. You may laugh about it, but it´s true ) I tend to do things that work and make them simple, adding more stuff or twisting a lot is usualy a waste of time for me
Maybe Navin ca say something about it.Ignored
DislikedIt is a good system. I consistently take profits using of cource 5 min chart. On 15 min chart, it looks more reliable though.
I take 15 to 20 pips and do not wait more. May be this is my problem coming out early ? But i took 160 pips profit - 60 pips loss ( net 100 pips profit ) since yesterday
I look for width, breadth and arrow marks by xpma indicator. May be if i use 15 min chart, i can minimize losses.
When the rainbow is flat, one has to be cautious and do not enter into trade.
Thanks to Prithyani for this wonderful system.Ignored
DislikedIf you ask me i will not trade in usd/jpy, it is slow moving currency pair. I choose to trade in strong trending pairs.Ignored
DislikedSure it was valid I never trade before NFP or major news.
Even with a win/loss ratio of 1/3 this strategy is still profitable. SL should be kept short TP at 100% fib retracement There are plenty of winning tades to cover lossesIgnored
DislikedOK Carllos thanks for the reply
.....and also a big thanks for all of your your previous posts in this thread.
I had 3 losers late friday afternoon but will give this a run from monday morning, do you only trade the 15m TF?Ignored
DislikedI only trade 15m. And i avoid fridays as much as i can. I have a bad record on fridays.. though early morning trades seems to be quiet good i live at GMT 0.Ignored
DislikedSure it was valid I never trade before NFP or major news.
Even with a win/loss ratio of 1/3 this strategy is still profitable. SL should be kept short TP at 100% fib retracement There are plenty of winning tades to cover lossesIgnored
DislikedOK point taken, I'm GMT 0 too, will stick to the busier times, thanks for the advise
what is the indi you are using that shows 'arrows' when price hits MA's? Does it have an alert?
thanksIgnored