Hello everyone, I hope everyone is doing well. I just wanted to say that anyone in here that is struggling with this system really needs to look at the 35ma plus 35 pip trade (at least that is what I call it). I have been in this thread every since it started and this trade has just now grabbed my attention. It is really not talked about a lot, seems we talk more about bouncing off ma's and pa but this trade is simple and it works. I have been trading it live and doing very well and I have also back tested it (which I am not a big fan of back testing because things look different after they have already happened plus they are much easier to see). For anyone that is interested this is how I play it, after the candle closes thru the 35 ma I wait for another candle to close 35 pips beyond and then I enter. I put a t/p 50 pips out. I look for exit mainly if the trade runs into a 200ma, closes on the opposite side of the 10ma, or I get a strong reversal candle. It has really worked well for me and it seems to be a trade with very little draw down on your account. Is anyone else doing this trade?
Please ask questions and share your experiences with us all!