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- 105 Results (2 Threads, 103 Replies)
- sburtonhome replied Dec 15, 2010
I am still in GU with a SL of 1.5495. Likely 21/89 cross coming soon will signal a close of my GU and a pending short.
- sburtonhome replied Dec 15, 2010
Very volatile day to say the least. We live to trade another day thanks to money management. I am currently floating 3.5% down and hoping for a pair or two to turn around. If not, I will be working to get out of a small drawdown - typical life of a ...
- sburtonhome replied Dec 15, 2010
I am long both the EU and EG (fortunately or unfortunately :-)) because my MACD painted one lone green signal bar. It probably has to do with differences in the closing time for 4H candles between my broker and yours.
- sburtonhome replied Dec 14, 2010
Thanks! I am going to try this out.
- sburtonhome replied Dec 14, 2010
I like the trailing stop...anyway to automate it so as to cut down on chart time?
- sburtonhome replied Dec 14, 2010
I closed out of my Long USDJPY as well. I am just waiting for MACD to turn red to enter.
- sburtonhome replied Dec 13, 2010
I like your trailing stop idea. Keep us informed how it works out.
- sburtonhome replied Dec 13, 2010
I did amend the original list. I am not currently trading the USD/CHF and EUR/CHF but I am considering adding them the 1st quarter of next year.
- sburtonhome replied Dec 13, 2010
That is VERY strange. Make sure you are: 1) On a 4 Hour chart 2) EMA - 21 3) SMA - 89
- sburtonhome replied Dec 13, 2010
I do use the daily chart quiet a bit. I use it mainly to determine if an exit is valid or in the case of a questionable entry.
- sburtonhome replied Dec 13, 2010
It may be a precursor to a return to the short side or just a pullback to the 89. If you look at the D1 it provides a very different picture. It has not even pulled back to the 21 on the D1 yet and the trend is turning long.
- sburtonhome replied Dec 13, 2010
Good move on your part. I committed to closing on a pullback to the 21 but in hindsight should have closed earlier. I will stick with my earlier plan hoping this move isn't too strong before the pullback comes :-).
- sburtonhome replied Dec 13, 2010
Find attached my current GBPUSD chart. Notice the 21/89 cross long, pullback to 21, and then trend continue? Maybe post a picture of your chart and I can look to see why you didn't get a signal.
- sburtonhome replied Dec 12, 2010
My current EURJPY — Many of you have probably seen that I am still short the EURJPY in spite of the cross that happened a few hours ago. The purpose of the cross is to help us determine the direction of the mid-term trend. In this case, I ...
- sburtonhome replied Dec 12, 2010
Thanks for your contribution - I don't argue against your point. However, this system is entirely technical and therefore the assumption is (whether correct or not) that the fundamentals are built into price.
- sburtonhome replied Dec 12, 2010
I am currently: Short EURJPY (Likely to close and reverse soon) Short GBPCHF Long AUDUSD Long GBPUSD Long GBPJPY Long USDJPY EURUSD is also close to a long cross.
- sburtonhome replied Dec 10, 2010
I have re-programmed the previous MACD to make it very simple and look like the one I am using on my chart. Download it below. I will also make the change to the 1st post to include the indicator.
- sburtonhome replied Dec 10, 2010
Thanks for sharing! Just make sure to change the settings to 5-Fast, 13-Slow. UPDATE: I really like how this indicator looks but for some reason can't get the exact same results as the original. So to make it simplier on everyone, I just made ...
- sburtonhome replied Dec 10, 2010
No need to sign up. It is just a Google Online Spreadsheet that with the link anyone can see. Here is the link.
- sburtonhome replied Dec 10, 2010
USDJPY is VERY close. It did not trigger my stop-order last night which I have now deleted. It will likely return to trend today and signal our entry.