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DislikedOk I will have a look. What are your thoughts on the AUS on the 1hr, I want to take it on, but I dont think it likes me.
Aj1Ignored
DislikedHi zznbrm, you're right, thank you. But now I'm confused, which one do I use? 3 and 8 EMA's, or 3 and 8 SMMA's to match Lawgirl's charts?Ignored
DislikedDarryl,
Yes, it is confusing. It is very clear from the lawgirl21's charts that 3/8 Smooth MAs are being used. I'm not sure why they are advertised as EMAs????
And no...these obvious differences in MAs can NOT be attributed to broker data feeds. That's just silly!
I guess you can use what works best for you.Ignored
DislikedI owe everyone an apology....I have been using and testing both EMAs and smoothed MAs....what I have been posting this morning has been the 3,8 Smoothed MAs. I am not seeing a big difference in trades between the two set-ups, but I am truly sorry for the confusion.
I had no intention of "advertising" anything. I gain nothing from any of this.Ignored
DislikedHi LG.
Simple but effective strategy, congratulations and thanks, I will follow with interest. Also thanks for your contribution to FF on your other strategies.
One question if I may: You mentioned you had gone short recently on the EUR/USD and yet price is above the 200 MA (which is flattening out a bit) on the 1 HR TF.
Your instruction in post one is to only trade in the direction of the trend.
Any reason for this trade?
Regards
PaulIgnored
DislikedPurely countertrend trades for the last 2 days on EURUSD and GBPUSD based on the USD Index going up, which generally mean EU and GU go down. There was just too srong a move down not to get in, but countertrend trades must be watched more closely, in my opinion, and generally don't produce as many pips.
Check post 1 again, I have updated to address countertrends.Ignored
DislikedSo, Lawgirl we should use 200EMA and 3, 8 smoothed EMAs? I ask, because you spoke about 3, 8 SMAs. Thank youIgnored
DislikedHi LG,
Been a while. Enjoying you new thread, looks like a fun idea. Am subscribed and will give it a demo. Glad to see you doing good
Take CareIgnored