Whatever the funnymentalist reasons... the USD pairs are trending strongly. If this goes like it did Sept to Nov, it may be days or weeks between reversals strong enough to cause a "new move" as we define it.
I remember so many analysts during that period saying how technicals as well as funnymentals seemed to be ignored by the market as it continued unabated for weeks on end.
However, if you just kept jumping in long when the H1 100 MA caught up when the market went sideways, it was very profitable. (My ad-hoc strategy was simply to jump in when it broke a new high, and set a trailing stop - that made 60% in a week on a demo account!)
Of course thought nothing will last forever, and the trend is your friend but only until the bend at the end.
So, with our strategy, if you only take the first or second touch of the 10 and only the first of the 35/50.... there would have been no trades yesterday or today on the Aussie or the Euro, and the Pound only bounced briefly under the 35/50 yesterday.
What do you do?
Do we say, the Asian/Euro overlap is "the beginning" even though the charts show that the trend has continued for two days?
I'd like to try and stick with the rules, but we have to trade what we see, and I'm in no position to retire!!!
I'd like peoples thoughts on this, especially those that traded this strategy through that period last year.
I remember so many analysts during that period saying how technicals as well as funnymentals seemed to be ignored by the market as it continued unabated for weeks on end.
However, if you just kept jumping in long when the H1 100 MA caught up when the market went sideways, it was very profitable. (My ad-hoc strategy was simply to jump in when it broke a new high, and set a trailing stop - that made 60% in a week on a demo account!)
Of course thought nothing will last forever, and the trend is your friend but only until the bend at the end.
So, with our strategy, if you only take the first or second touch of the 10 and only the first of the 35/50.... there would have been no trades yesterday or today on the Aussie or the Euro, and the Pound only bounced briefly under the 35/50 yesterday.
What do you do?
Do we say, the Asian/Euro overlap is "the beginning" even though the charts show that the trend has continued for two days?
I'd like to try and stick with the rules, but we have to trade what we see, and I'm in no position to retire!!!
I'd like peoples thoughts on this, especially those that traded this strategy through that period last year.