For those that take an interest. I am taking a position off a Daily 55-21ema with the trend. I would prefer an entry on a cross or retraction with positive interest. Any cross of the 55ema and price I will end the trade. My SL is 200 now, TP is to be decided. Couldn't be simpler!!! I am developing the rules as I go along. My goal is develope a trend trade method. I have a plan in mind and will post charts when I get the set-up I want.
11/26
Enter------------------last look--------11/28 Fridays Close ----------------W/L
eurusd--S--1.2970---------------------------------------------------+239--12/2
gbpusd--S--1.5358---------------------------------------------------+361--12/2
11/30
usdjpy--S---95.25---------------------------------------------------+305--12/7
12/2
eurusd--S--1.2717---------(-116)------------------------------------(-116)--12/4
12/15
usdcad--B--1.2338---------
gbpusd--S--1.5309---------
eurusd and eurjpy are about to cross. this what I wanted to happen...
eurjpy--B--124.31---------
move SL to 100 at breakeven
11/26
Enter------------------last look--------11/28 Fridays Close ----------------W/L
eurusd--S--1.2970---------------------------------------------------+239--12/2
gbpusd--S--1.5358---------------------------------------------------+361--12/2
11/30
usdjpy--S---95.25---------------------------------------------------+305--12/7
12/2
eurusd--S--1.2717---------(-116)------------------------------------(-116)--12/4
12/15
usdcad--B--1.2338---------
gbpusd--S--1.5309---------
eurusd and eurjpy are about to cross. this what I wanted to happen...
eurjpy--B--124.31---------
move SL to 100 at breakeven