here is a chart.
Theres the wedge I spoke of befor.
Dave
Theres the wedge I spoke of befor.
Dave
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Quoting xxDavidxSxxDislikedshort eur$
1.2640
s/l 1.2656
target open
DaveIgnored
Quoting xxDavidxSxxDislikedLong eur$
1.2692
s/l 1.2675
target open
DaveIgnored
Quoting xxDavidxSxxDislikedexited 1.2705 (got sceered) +13 pips
I figured the price wasn't gonna do any thing untill this morn.
DaveIgnored
QuoteDislikedThe next candle will at the very least come down to touch the 4 ema befor going up
Quoting Akuma99Dislikednice little observation there dave, actually there are other candles on the weekly who have not touched yet haven't reversed, so be careful. To help you with that, attached is a little indicator that simply finds those candles you mention and draws an arrow above or below.
I think this part of your comment:
has the most potential just from quick observation, if as you say 99% of candles at least touch the ema, then if you find each candle that opens above or below the ema, open a trade towards the ema and close at hit, you might just have a nice little bankroll for your main system. I will whip something together in terms of backtesting and see what happens and let you know.Ignored
http://img214.imageshack.us/img214/6830/eurusd4ua.gif
Note there are a few bars there that look like they are touch the 4ema, but zoomed up and with the ema line thickness at 1 point they actually are not. There does seem to be something to it, but it seems the bars that have a clear gap are more reliable.
And again, but looking from 1999 to 2003:
Quoting xxDavidxSxxDislikedthe weekly 4 ema is now at 1.2608.. The daily is 1.2699.
By the end of the week it should have come close to 1.2608 range.
by the end of the day it should be near 1.2699
lets see what happens.
short entered 1.2740 s/l 1.2758
target open
DaveIgnored
Quoting xxDavidxSxxDislikedshort 1.2743
s/l 1.2758
target open...i'llpost chart in a few.
got a 3 pip better entry.
DaveIgnored
Quoting xxDavidxSxxDislikedlong entry eur/$
1.2699
s/l 1.2685
target open
finding support at the 4 hr bolli band i expect at least a small bounce
chart in a few min
DaveIgnored