Today was a great example of when to trade this system and when to ignore this system.
Green lines and circles are the great signals early in the day.
Pink circles and pink triangle show us the warning signs. Once I see this crossing of the MAs with no signs of support/resistance I know it is time to ignore this 5min system. You will only get burned within the triangle.
Even look at the naked 1h chart (nowadays what I like to do) - giving you a better indication what is going on in the market.
Enjoy the trading
Green lines and circles are the great signals early in the day.
Pink circles and pink triangle show us the warning signs. Once I see this crossing of the MAs with no signs of support/resistance I know it is time to ignore this 5min system. You will only get burned within the triangle.
Even look at the naked 1h chart (nowadays what I like to do) - giving you a better indication what is going on in the market.
Enjoy the trading
Willem
Forex recipe for success = Patience, discipline & hard work.