Disliked{quote} So now you see a 15-20 pip bounce up? Great idea your observation.Ignored
Observation is the path to discovery.
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Disliked{quote} So now you see a 15-20 pip bounce up? Great idea your observation.Ignored
Disliked{quote} No, donīt play the bounces. It is not worth it and it is dangerous to go against the trend. Also, price can move sideways to the EMA. Just Sell when it gets close to it.Ignored
DislikedThe Pink line where price is now is the 200 SMA. I expect it to pause here or slight bounce before the next fall. Look at how it behaved at the 200 EMa in May.Ignored
Disliked{quote} Yes, it was going trough and then retested. Yes, crossing MA200 is a good signal.Ignored
Disliked{quote} In my trade, I am in since 2467. I am adding new Sells when price approaches the 10 EMA, but I am not closing previous trades. That is called the caterpillar strategy. If price breaks the 10 EMA clearly, I will close everything. That is my exit point.Ignored
Disliked{quote} In my trade, I am in since 2467. I am adding new Sells when price approaches the 10 EMA, but I am not closing previous trades. That is called the caterpillar strategy. If price breaks the 10 EMA clearly, I will close everything. That is my exit point.Ignored
DislikedBounce has not started yet but I trust it will. I am buying small portions of Gold for the bounce as planned. Gold Harmonic swing doubled 2411-09 Same with the other 2, H&S could still form. {image}Ignored
Disliked{quote} I do not have the courage to keep price open so long, but I assume that I need to educate myself!!!Ignored
Disliked{quote} It is not a matter of courage. Take any strongly trending move and use the 10 EMA on an H1 chart. If the 10 EMA starts changing direction, you exit. Look at the EURUSD fall and apply the 10 EMA. It respects it. It works for all pairs on strong trends. You should not trade ranging markets. Just look for strong trends and use the strategy and make money and be happy.Ignored
Disliked{quote} Here are EU and GU H1 charts of the same fall. As you can see, they respect the 10 EMA (White line). It works... That is why the pros use it. Trading is simpler than you are led to believe. We make it complicated... {image} {image}Ignored
Disliked{quote} I use simple MA's, but the principle is still exactly the same - John Carter called this propulsion and Dave Landry calls is kissing the MA goodbyeIgnored
Disliked{quote} I used to use simple MAs but in reading great traders stories, I learned that the EMA follows price even closer so I switched. The key to trading is to stay out of non trending markets. You will consistently lose money. Once you convince yourself to trade only strong trends and apply the 10 EMA, everything gets much easier and the money starts to grow the account.Ignored
Disliked{quote} I used to use simple MAs but in reading great traders stories, I learned that the EMA follows price even closer so I switched. The key to trading is to stay out of non trending markets. You will consistently lose money. Once you convince yourself to trade only strong trends and apply the 10 EMA, everything gets much easier and the money starts to grow the account.Ignored
Disliked{quote} Here are EU and GU H1 charts of the same fall. As you can see, they respect the 10 EMA (White line). It works... That is why the pros use it. Trading is simpler than you are led to believe. We make it complicated... {image} {image}Ignored
Disliked{quote} Indeed, the trick is to find those that enter a strong trend, in every market there are such periods and periods that are not, I'm usually satisfied with intraday momentum, but if there are signs of a strong trend I leave a part open, How do you spot it early enough?Ignored