Evening everyone
Thanks for posting your trades up here, it has really been a great help. I think I was probably trying to over complicate the setup which is why I was confused.
Please correct me if I am wrong, but the setup is, at its most basic, blue crosses red 20/50 (and signal lines) THEN check green 5's. Appreciate that there are a few other nuances, (slope of angle, gap between 20 & 50 etc) but then Trade accordingly!
Just to see if i'm on the right track, I think I am looking at a tentative short AUDCAD 1 hr, (0005GMT) which I think looks like the GBP posted a little while back. How much significance (if any) is placed on the proximity and/or direction of the 100 line?
Sorry to be a pain in the proverbial...
Thanks
Kermit
Thanks for posting your trades up here, it has really been a great help. I think I was probably trying to over complicate the setup which is why I was confused.
Please correct me if I am wrong, but the setup is, at its most basic, blue crosses red 20/50 (and signal lines) THEN check green 5's. Appreciate that there are a few other nuances, (slope of angle, gap between 20 & 50 etc) but then Trade accordingly!
Just to see if i'm on the right track, I think I am looking at a tentative short AUDCAD 1 hr, (0005GMT) which I think looks like the GBP posted a little while back. How much significance (if any) is placed on the proximity and/or direction of the 100 line?
Sorry to be a pain in the proverbial...
Thanks
Kermit