DislikedDuring the lull... only on this smaller 5M TF, for those interested in
MMA patterns:
Here's a pair, the EURJPY (only one of 15 I viewed) that is currently
in a tight compression on the 5M chart. All others have been moving
and now their EMAs are either gathering [i][color=#0000ff]or...Ignored
I would like to know your opinion, because your a expert on ma's.
Anyways, i only take the trade off the ma if the RR is more than 1:1 els i have found besides now for bad trading rules it works out less often.
This is a chart of eu as there was no setup for this on gu today.
Anyways, on the one hour there was a trade that found support at the moving avgs, and as highlighted more on the 35ma, so after that support it obviously is going to move up and at the next retrace i am following on the 15min ill buy at touch of the 35ma(yellow) as shown by arrow, note again only if RR is more than 1:1.
So in your opinion whts the verdict, then in addition, if it clearly blasts through the ma's i will close my position on breakeven or at next touch of that ma(which ever comes first) if the sl isnt taken out that is.
(just take note obviously this isnt my only way of entering the market but this is one of my most fun ways hehe)
Thanks for opinion.