usd/jpy good time to enter short?
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Quoting mestx41Dislikedwell for your first question the candle is a sell signal because it will most likely cause the WMA's to cross in an "overbought" manor...to put it in simple terms...the 40 is going to cross over the 4, meaning a sell.
second question..."Next, you say above to close when 40 crosses 15. I am confused by this because after the 4 crosses 40 (to enter trade) shortly after the 15 crosses 40 and you would exit the trade and miss a possible run. I thought you may have mistyped this on the front page because if you wait until 4 crosses 15, you get more pips (or even using the parabolic sar).."
like I said in the other threads, this system is VERY conservative and was created as a secondary form of income and will miss most of the big runs, but it saves you on ranges which is why I made it, when my trending systems don't perform as well I still have a somewhat passive income of about 200 pips a month.
Hope that answers your questions.Ignored
Quoting brick911DislikedHey Greg - Could you give me your advice? I took the NZD/JPY short yesterday. The 15 has crossed the 40, but I think the EMA's may have consolidated enough on the entry to let it run until the 4 crosses the 15. What do you think? Any additional info would be appreciated as well. I'm sorry, I have not figured out how to attach screen shots yet.
BobIgnored
Quoting XerofDislikedcould you elaborate on the settings for the indicator please, I don't have 4 crossing 40 yet on AUD. Maybe post your actual indicator here if its not the standard moving average off MT4. I have mine set to LWMA, Close, but would like to have consistency with what you are using
btw, you mean you'll buy it back at 15/40 cross....
TIAIgnored
Quoting webicknellDislikedSame questions, I don't see the cross of the 40 / 4. I have my MAs at LWMA set at the close. The daily Bars crossed the 40, but at the 11:30 time (est) the price was well above the 40.
I am assuming we are using the 5 / 15 / 40 LWMA set at the closing price. All on the Daily charts.Ignored
Quoting mestx41DislikedIf you take a daily AUD/USD chart and place WMA 4, WMA 15, AND WMA 40 on it...you will notice that the 40 crossed the 4 approximately a day and a half ago...I sold when the 40 crossed the 4, and I plan on closeing the position when the 40 crossed the 15.Ignored