Great to see this thread developing so fast ! I would have a few questions regarding some details of your method :
1.I understand that you don’t really enter on the fresh cross of the EMAs but rather wait for the retracement to the faster of two EMAs and then wait for the market to go the way you want in the main session (move confirmed by the P&I analysis). Is this correct ?
2.Most of the pairs are behaving its own way. Some are trending very often some are mostly ranging (a killer for every MA based method). Do you have some pairs selected for trading or you trade all of them? Are there any pairs you wouldn’t trade at all?
3.Are you babysitting your open trades or is it rather shot & forget method, where the next step after your entry is watching for re-crossing of EMAs in the opposite way to exit the trade ?
I hope the questions are clear. Thanks in advance for all answers !
Good luck, Trzcinek
1.I understand that you don’t really enter on the fresh cross of the EMAs but rather wait for the retracement to the faster of two EMAs and then wait for the market to go the way you want in the main session (move confirmed by the P&I analysis). Is this correct ?
2.Most of the pairs are behaving its own way. Some are trending very often some are mostly ranging (a killer for every MA based method). Do you have some pairs selected for trading or you trade all of them? Are there any pairs you wouldn’t trade at all?
3.Are you babysitting your open trades or is it rather shot & forget method, where the next step after your entry is watching for re-crossing of EMAs in the opposite way to exit the trade ?
I hope the questions are clear. Thanks in advance for all answers !
Good luck, Trzcinek
"A goal without a plan is just a wish" - Antoine de Saint-Exupery