"One Grows Tall After Walking Through A Forest Of Tall Trees."
EMA 25-50 Trading System (Detailed)
- #1,221
- Edited 7:40pm Nov 12, 2007 3:00pm | Edited 7:40pm
- | Commercial User | Joined Nov 2006 | 1,013 Posts
- #1,223
- Edited 8:08pm Nov 12, 2007 3:34pm | Edited 8:08pm
- | Commercial User | Joined Nov 2006 | 1,013 Posts
"One Grows Tall After Walking Through A Forest Of Tall Trees."
What makes the G/J pair so volitial.....Seriously why does it move 1200 pips then on a dime decide to go back up 800 or 1000 or the full 1200 pips. Is it pur manipulation on the banks part or other stuff having an effect on the pair.... I can't believe it's just fundamentals......(Its a newbie question)
Thanks for any insights.
Billser
whats the best way to determine whether this is a pullback or correction of the down trend or a reversal ??
any comments to all of the above ?
Effi ?
Rye
p.s Sorry Bill Sir didnt mean too steal your thunder....
- #1,227
- Edited 10:51pm Nov 12, 2007 10:23pm | Edited 10:51pm
- | Joined May 2007 | Status: Trader | 132 Posts
Still dont understand how to use system. and how determine targets
what dont you understand? how can i help?
have you read thru the thread ..all the answers of how to use it are here...
As for tp, there are several methods described/available to you.
T/P is one of the hardest functions to learn but it should definetly be determined at the outset or run the risk of + becming -.
Initially you need to work out your own goals and build your tp around your method/system ...most common sense approach is to move to breakeven as soon as possible and have sme early tp goals 25 or 50 pip s(depending on pair) this at least addresses the cutting of losses which is a good starting block.
But this is a big but very simple system that to my way of thinking gets you into some big momentum moves so you must also be ready to lock and hold your pips/trade if you can.
Look at the last few posts from Effi to see how he managed the trade.
take care
Rye
What makes the G/J pair so volitial.....Seriously why does it move 1200 pips then on a dime decide to go back up 800 or 1000 or the full 1200 pips. Is it pur manipulation on the banks part or other stuff having an effect on the pair.... I can't believe it's just fundamentals......(Its a newbie question)
Thanks for any insights.
Billser
Have you read 'idiots have woken up' in forex discussion...
not an answer to your ? ,but good food for thought
Rye
- #1,235
- Nov 13, 2007 2:31am Nov 13, 2007 2:31am
- Joined Jun 2007 | Status: Unconventionable Conventionist | 2,768 Posts
Yeah, right. That was the guy. What about eliminating him altogether? 2 posts and both completely off the target. "Posting Infractions" under his name. What else do we need?
Grrrrr
Gnat
Anyway....any idea where were going on gbp/jpy rollercoaster today ..go on give it your best shot...
Rye
- #1,238
- Nov 13, 2007 4:12am Nov 13, 2007 4:12am
- Joined Jun 2007 | Status: Unconventionable Conventionist | 2,768 Posts
But lets not give him/her the benefit of anyfurther response....enough time wasted..
Anyway....any idea where were going on gbp/jpy rollercoaster today ..go on give it your best shot...
Rye
Guess Islander got it right. At least in this case we share the same view! Look here: #14053
I was hoping for a retracement earlier, ... well Effi was right there. And he seems still to be bearish long term.
Greetings!
Gnat
p.s. I have a theory who's secret identity kooster is. If that can be proven, someone is in deep sh**! Friend of mine is working on that.
(Last one on this topic!)
- #1,239
- Nov 13, 2007 4:13am Nov 13, 2007 4:13am
- Joined Jun 2007 | Status: Unconventionable Conventionist | 2,768 Posts