Hi guys!
My shrot trade
EP - 1,2210
SL - 1,2230
TP - 1,2180
Ignored
i saw that too but didnt take
it is rare but now on h1 there is div as you see on stoch 5 3 3 but there is no on 8 3 3
beside i made enought tooday but have my fingers crossed for you !
i saw that too but didnt take
it is rare but now on h1 there is div as you see on stoch 5 3 3 but there is no on 8 3 3
beside i made enought tooday but have my fingers crossed for you !
This is a great looking system. I trade something along similar lines - essentially looking for a trendline break - BUT looking for that all important retracement - this gives me so much more confidence in a trade. Personally I look for a retracement to around the 9ema. I often find that price shoots up when it breaks a TL, then 'calms down' and pulls back - I like the 9ema - its almost as if this is the 'true price' of a currency pair, and price never strays to far from it.
Attached is a pic of the sort of trade I take - didn't take this one, was tucked up in bed!
I'll be taking a much closer look at this thread, and hoping to learn a few tricks!
Andy, I'm glad you find this system useful! I'll be glad if you join in and start participating.
I know that 9 EMA is widely used both on Stock markets and Forex. As the matter of fact here's another picture showing the application of so-called "MA-TRIO" - it describes how people use 10, 20 and 50 period EMA in conjunction with each other to find trends.
Hope it helps!
Regards,
snu.
Update: Attached is the indicator wich shows you an arrow when all 3 EMA's cross.
There was an entry using hidden div on 5M around the 1.2285 area, unfortunately I was not near the PC. However, the major TL is broken only now, we will see if we have a retracement to it and a pullback entry.
but have my fingers crossed for you 
