Cool avatar Medici, Giovanni Di Bicci (De Medici), 14th century banker... nice
Islander and Medici trade the European open 6,840 replies
London open to Sydney open 23 replies
How to specify to EA not to open new trades after London close 2 replies
London Calling . . . Various strategies focusing on London Open 58 replies
GBP/JPY London Open trades 202 replies
DislikedThanks, very interesting. You seem to rely on these EMAs on 1min charts. How did you arrive at those?Ignored
DislikedCool avatar Medici, Giovanni Di Bicci (De Medici), 14th century banker... niceIgnored
DislikedHi,
I've read your journal with interest and hope you decide to carry on with it.
I like to trade at this time too, 6am - 8.30am when I can,...Ignored
DislikedAs I have always been interested in trading on shorter time frames, with the ojective of taking regular profits during limited time periods, I did most of my trading research on the 5 min chart.
With the knowledge that price will always return to a moving average I back-tested numerous variations before settling on the 30 ema as a good indicator of the tradeable intra day trend - this of course translates into the 1 min 150 ema.
The safest and easiest way to use this is to wait for a pull back towards the 30 ema, especially when the EMA...Ignored
DislikedThanks very much for taking the time for clear and detailed explanation. That amounts to the building blocks of something that could be tested statistically and implemented mechanically. Would be interesting.
But I don't know if MA trading suits me. I have explored it and found that 'levels' and price action at those is my preferred approach. Would like to keep an open mind still...Ignored
DislikedHi medici, some long on euro is looking good, what do you think about cable? I shorted it at yesterday's low.Ignored
DislikedGM - from another perspective, the overnight low was into the large support area that formed in the few days before Xmas with the high volume pivot at the 60000 area....Ignored
Disliked
I've bought cable 3 times as it makes HLs on the 1 min and banking quick pips.....I still favour an upside break....Ignored