EMA55 at M5 is reached at 1.2575 just now. Wait for a little downward movement.
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DislikedGodday folks
I have read this thread and found large interest in it. From my experience a system that tries to say where the price will go outwards from a indicator, moving average or anything similiar has a lower probability of being correct then a system such as Hosse´s: a system operating on the assumption that price will come back to a moving average, indicator or the like.
I would like to say a word of warning about money management. I burned 75% of my live account (that is my living) with improper money management, i was using unrealistic...Ignored
DislikedHi Hoss and everyone else.
Ive been reading this thread with interest and started trading this method, although I do still get a little stuck with the interpretation, ive attached a screen shot of the EUR/USD 1 min and was hoping that you could point out the waves you were talking about if they are present, just to clarify that im seeing the same things as you are. If you could number the wave patterns THAT would be brilliant! Thanks.
cheersIgnored
DislikedMarket is really choppy, if u see smth like that 15 pips up 15 down dont try to trade ...you need to see clear movement one way with at least 1-2 retraces for entering trades.Ignored
DislikedHi Hoss and everyone else.
Ive been reading this thread with interest and started trading this method, although I do still get a little stuck with the interpretation, ive attached a screen shot of the EUR/USD 1 min and was hoping that you could point out the waves you were talking about if they are present, just to clarify that im seeing the same things as you are. If you could number the wave patterns THAT would be brilliant! Thanks.
cheersIgnored