Disliked{quote} Morning MR V. Hear what you're saying and I will look into it, in particular I think the over 20 reading is particularly valid as the whole point of this strategy is to only trade strong trending pairs and of course the steeper the MA the better. I will have a word with Ted but I get the feeling he's getting a bit fed up with all my suggestions and the work I cause him. Is there any other coders interested in looking into it???? What you reckon about these GBP and eur pairs charging Mr V.??? When will it stop?? Am I right to pay attention...Ignored
For example if LO has a 50-70 pip move quickly that's generally it until US session. If LO is quiet then high probability that pre/post US open will be good. If LO tries and fails to move in one direction and gives a signal in the other it will generally be decent move. If Asian and pre/early Frankfurt have had very strong moves then LO is often quiet-ish.
The pairs we are watching are great trenders when they go, but the last 3 days moves are not really the norm. Yes they do happen and now we are out of the US August holidays we could well move up significantly higher (with decent retraces of course). Look at any D chart of a pair like euraud, gbpaud etc for size of D moves and size of likely D retraces.
We bought the bottom euraud and exited at a W pivot for 107 pips (Monday I think it was) not knowing if this was a retrace in down trend or start of major move up. Mrs V and I were away from computer when yesterdays US session move started (an alert would have been very handy then) and this morning move up started very early.
Anyway long story short if you have been in and out and have profits banked I'd generally say carry on until it stops but to get in on 1st trade of the day when pairs are 100-150 pips up this morning already is very, very difficult for me. Maybe if we drift sideways until US session but other than that to get in so late in a move gives me a very uneasy feeling. Hey but that's just me.
IMHO again whilst we can carry on up today the pa over the last few days does happen but is not normal for it to continue when you are into day 3 of such a move.