Yes, I took the AUDJPY trade from a different indicator confirmation. I talk more about this in the private room where I mentor a few aspiring traders. PM me if you are interested. I don't chanrge anything whatsoever. Have no fear.
DislikedHello Marketsnipers
I just finished reading your thread and I'm anxious to start demoing your strategy using various pairs on 4H and Daily. It appears to be a less stressful approach to trade. Thanks for sharing it.
I noticed on the AUD/JPY trade, I did not have a zero line crossover on my MACD until several bars after price closing above the 100 SMA, well after your entry. You had mentioned in a previous post that sometimes your entries were discretionary in that they were made without MACD confirmation. I also noticed that you were using another indicator instead of MACD on that trade.
Under what conditions would you consider entering without MACD confirmation. Usually the 100 SMA cross and the zero line cross on MACD are within a couple bars but sometimes there is such a lag that you would most likely have to pass on the trade. On the AUD/JPY trade, there was a good slope on the 100 SMA indicating strength of trend.Ignored
Bullish Attitude!
I guess this system give us a good edge. I think that a 4hours strategy is also interesting as long as shorter timeframes take us in too much whipsaws.
