Using the system outlined by Strada (5/12, 21 RSI, 10 Min), I entered Eur/Jpy buy last night. Took out half my profit at 30 pips. And set the rest to be taken out at 164.00 (+69 pips). Averaged out to +50 pips.
Thanks Strada, that actually explains alot!! I've been focusing on the different ways to utilize the trend to filter out bad signals, however I found out exactly what you just said. By the time the hourly or 30 min chart says to go, 3/4 of the trade ...
Higher Timeframe — Hey Strada, Thanks for the reply to my email this morning. I was curious if you use the higher timeframes to measure trend direction? The reason why I ask is because you took that last trade on the E/J at 1:20 am est., ...