DislikedI am going to try to put together some additional examples this week and post them. Your question about using other indicators to filter out the trades is really good. The answer to that is no, not really -- the system is really designed to stand on its own as much as possible. I have often said that I believe, based on my testing, that the best crossover trades happen during the EUR and the NY sessions. Lately I have a preference for breakouts in the EUR / London session -- that seems to be where a lot of the activity. That can go back and forth, though.
There are plenty of critics about the system, and what I want to say most of all, is that it is super important to test any system before you personally trade it. That means that you can find out for yourself if you would add something to it, take away from it, etc. That said, i am going to look at some additional examples for you, including the ones below here.
The first chart shows that at 19:00 EST on January 1, there was a crossover. This chart is looking a lot like the one we looked at before. This crossover means to me that the trend is up on the GBPUSD and we can look for a buy on the 15 min chart as well. If we go to the 2nd chart, we see that the crossover has already occured. We can buy at 20:00 EST (when the 1hr candle has closed) or we can wait until the pair falls back a bit. We can even wait, if we want, until the pair makes a new high and buy at that point.
This is not the only way to trade using the moving averages but it is one method I have used. Like I said, I will try to post more examples as time allows.Ignored
Just following some great trades in Journals on the FF forums, one can make a goo dliving ( obviously one must do some homework) - so why should one come to you?
