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DislikedHello,
Yes it was a typo it is 60 and 200 crossing.
In the M1 of EUR/JPY.
Thank you
BasilIgnored
Dislikedi do not use any other indicators, stochs can be used, but i just dont wnt to be more confused..i would rather have a 80% chance of taking a trade rather then wait for 3-4 indicators to point , till then the chance would have slipped, specially in a pair like g/jpyIgnored
DislikedDo you analyse the gbp/usd + usd/jpy before making a call on g/j ? I remember reading one of your posts saying " gbp/usd X usd/jpy =gbp/jpy ". If so, when first two are not sincronized dont you get confused? ..lol.
I have been testing your strategy for 2 days now and I think its working great when gbp/usd and usd/jpy indicate same direction on a small timeframe.
Also, I have noticed that using a 5 mins time frame or even 1 min, you need smaller EMA parameters.
Looking forward to seeing more of your charts...Ignored
Dislikedthe red lag was in agreement and it was a valid trade, did u take it ?Ignored
DislikedHello,
This is not a sculping strategy of minutes.More of an intraday move cause the position will be open for some hours maybe.
Correct me if I am wrong.
I am taking the trade as an experiment cause I am loosing or wining monopoly money.LOL.
The 5 sec oanda Rainbow chart I am watching is going up and down.
The market is fighting.
The 30 sec rainbow in Oanda is in full development.
Lag indicators are going up and down an hour now.
I know it is good to not mix strategies.But if this crossing proves that is a good earner,I will add it to my weapons.
P.S. G/J JUST BROKE THE 200 EMA
Thank you
BasilIgnored
Disliked60 EMA is the 60 Days Exponential Moving Average charted on the charts , and this gives u the avg price and plots on the charts, this now becomes a rallying point for prices to remain either above or below it. In a downtrend, price is always below the 60 ema , and in uptrend, price tend to remain over it. Once 60 ema crosses the 200 ema from below going up, that gives a signal that market is going long and based on the time frame this happens, it may signal a move of 30+ pips to a move of 300 + pips in one direction. Vice versa for short move, the 60 ema crosses from top to below.
aslm imran
i'm hisham newbies in forex
abv message i excerpt fr #596 pg 40
5min chart in gu shown 60EMA just cross 200EMA
is this means trend will going up soonIgnored
DislikedFx_Ninja,
do you mind telling us where could I find the indicators that showed up on your chart at upper right hand corner onpage 10 and posts #153?
thank you very much for your kind help.
FxpigIgnored
DislikedHello,
Yes it was a typo it is 60 and 200 crossing.
In the M1 of EUR/JPY.
Thank you
BasilIgnored
DislikedHow do you recommend setting take profit targets?
I find myself in trades where I'm at around +12 pips or so, I'm debating whether or not to take them or continue waiting, and then out of nowhere I get hit with a 15 pip movement in a single candle on the 1 min chart and lose all my pips.
Unfortunately, the lag-1 (and certainly lag-2) don't tell me to exit until AFTER the big candle going the wrong direction. So it seems like perhaps I should just take profit after 10 pips and not even use the lag 2 for exit... I'm not sure. Any help would be appreciated.
If I'd just take my damn pips I could have 10-15 pips 3 times a day...lolIgnored