Looks like a cross coming on the
EUR/JPY LONG
164.56
Keep an eye on the GBP/JPY for a cross going long too
Slkosier
EUR/JPY LONG
164.56
Keep an eye on the GBP/JPY for a cross going long too
Slkosier
Simple 5 / 8 moving average crossover
- #328
- Oct 28, 2007 9:32pm Oct 28, 2007 9:32pm
8 over 8 (Fozzy) is great for Daily and 4 hour charts. Take a look at combining these two strategies, you might like what you see..........
after SF's recommendation I went away and researched Fozzy. Came across a great pdf summary prepared, with Fozzy's blessing, by The Bhoy. Setting aside obvious sporting differences
, i found it a great presentation.I've got enough on my plate right now to start tracking 8/8 opportunities but I've got a mate, a wee bit of a protege, to whom I've forwarded the pdf doc in the hope that he can start to make use of the ideas therein.
many thanks guys for this lead :-)
- #330
- Oct 28, 2007 9:40pm Oct 28, 2007 9:40pm
See one of my chart as attachement. If you entered long somewhere at 1.1430 you would possible still be at that trade imo. Btw my first post here. http://www.forexfactory.com/images/icons/icon10.gif
Great first post btw.
- #331
- Oct 28, 2007 10:17pm Oct 28, 2007 10:17pm
Can someone confirm that these are the correct EMA settings and what the default colors are?
I appreciate it guys, I read the entire thread and it's never actually stated.
Thanks for all the great info
Sawat Dee Khrap Slushfund and Rathcoole
EMA settings are 5 and 8 exponential on the closing price. You can use whatever colours you like.
- #332
- Oct 28, 2007 10:28pm Oct 28, 2007 10:28pm
8 over 8 (Fozzy) is great for Daily and 4 hour charts. Take a look at combining these two strategies, you might like what you see..........
Read the whole of the Fozzy thread a while back and particularly enjoyed your very insightful posts. I was demo trading it for a while with variable results. I then came across the Synergy method which uses an indicator called the Dynamic Traders Index. Its fozzy but with additional filtering. I felt it was more accurate than fozzy but at the risk of offending you as someone I know from your posts as a backtesting nut - and quite rightly so - I didn't do an extensive backtest comparison. I mention this because I'm currently forward testing Synergy on a demo account. Sorry this is a bit off topic.
- #335
- Oct 28, 2007 10:49pm Oct 28, 2007 10:49pm
8 over 8 (Fozzy) is great for Daily and 4 hour charts. Take a look at combining these two strategies, you might like what you see..........
BB,
just a quick snap of a comparison between the Fozzy 8/8 and the 21/21 period I've been using. There doesn't, at first glance, appear to be too much difference, but i will certainly investigate further and will observe the signals it (8/8) generates.
cheers
(black&white is 21/21; green & red is 8/8)
