I can see the chart shows a double top pattern.
Making Money is Extremely Simple 38 replies
bo7a method... method for GBP/JPY 205 replies
Simple trading method 49 replies
DislikedBearish trend starting. If the current candle closes below the 72EMA and below the 12EMA then should we be looking to go short ?Ignored
DislikedCould you recommend a nice daily pivots indicator to use with your template?Ignored
DislikedTHV Pivot indi.... i was using this when i was trading on M5
but this is a simple method & keep it simple....
too many indicators will give you confusions not pips...
DislikedHi Ramjet ,
Looks like USDCAD still have room to go to EMA 20 on Daily ..i'd prefer to wait either price back to down trend or really reverse and the uptrend more clear.Ignored
DislikedDid this one a little differently as caught it a bit late as on the hourly it did what we wanted of crossing the 12ema but I missed the move and caught it on the break out pull back also if you look at the daily it is a 2day PB..
So far working but it's a worry the size of the spread on some of these cross pairs as the spreads are a lot wider making it difficult to get to BE at +20.. and if we look back at this post http://www.forexfactory.com/showthre...12#post6017312 I'm about to be stopped out although price moved about...Ignored
DislikedKind of conflicting picture I get on UCad. PA according to system is a buy which I did however it is also Under 200EMA very respected line and coming very close to it.
1st tpl is the system
2nd is 200ema system which I use as well.I reason PA may reverse back to major downtrend after hitting 200EMA which is around 9760Ignored
DislikedHi ya Davit..
I see what you mean..I've never used the 200ema much before so I'm not sure how good it is but it seems to be strongly correct in this situation as it is confluenced with the resistance area to the left..
DislikedLooks like if it pierces 9760 then next stop is 9790-98 area.If it stalls and shows reversal I will close the trade.Ignored
Dislikedlol, these ema's are all working in there own way as I've just placed a 150ema on the chart as I've always used that from the James16 teachings and found that to be the best of the ema's that I've used so far and it is perfectly poised holding price as support..Ignored