DislikedHi Philip,
I want to seek your clarification on the MA's used for 5min chart. Earlier setup is 21/10 ema and 50 sma. But on your 1 hr entry at fxtradeblog,you seemed to be using 21/8 ema setup on all charts. Can you please clarify which ma is more accurate to use?
Thanks.Ignored
Maybe this has been answered already, and if so, I appologize for redundancy. The 5 min system is sep. from the 4 hour method. The 1 hour method on fxtradeblog is used as an enhancement/early entry for the 4 hour method, while the 5 min is a short-term system w/its own set of rules. If you are trading the 4 hour method, you want to practice on the4 hour time frame and when you understand the market rhythm, start to look at how the 1 hour can be used to help you enter trades earlier. Don't confuse the 5 min system w/the MACD method.
Hope you are trading profitably!
Pips