Hey iero,
thanks a lot for the explanation! I'm currently still re-reading all the PDF's as well as working through the thread and practicing on the simulator. I get the feeling that trading the Touch Trade is more than just blindly following the rules but also assessing the situation based on past experience. I think I will stick with 10 EMA touch with a steep angle for the beginning, since it appears to yield high pips and is easier as an entry to the strat. Only one MA to look out for as well as only in certain areas with high momentum. This way I also avoid the Porcupine because right now it's hard to me to spot those in Live Trading.
I think it's awesome that this thread is still alive! Many of my questions are already answered somewhere in the thread, but I'm sure some more questions and maybe trade examples will come along. I'm really grateful for your support. Also I'm a little sad though that Clay can't be here anymore.
thanks a lot for the explanation! I'm currently still re-reading all the PDF's as well as working through the thread and practicing on the simulator. I get the feeling that trading the Touch Trade is more than just blindly following the rules but also assessing the situation based on past experience. I think I will stick with 10 EMA touch with a steep angle for the beginning, since it appears to yield high pips and is easier as an entry to the strat. Only one MA to look out for as well as only in certain areas with high momentum. This way I also avoid the Porcupine because right now it's hard to me to spot those in Live Trading.
I think it's awesome that this thread is still alive! Many of my questions are already answered somewhere in the thread, but I'm sure some more questions and maybe trade examples will come along. I'm really grateful for your support. Also I'm a little sad though that Clay can't be here anymore.