MAs do not repaint. Fractals, they are sometimes tricky to catch,but then they are not the triggers and hence not a problem.
DSS Scalper forex System 2 replies
5-min PASS (Price Action Scalper System) SIGNAL 11 replies
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$ 2.4 Billion Scalper System 13 replies
Need a good Metatrader broker for a scalper system 14 replies
DislikedHi PP and ag_fx.. Do we take both long and sell signals? Ive read the whole thread and theres no rules saying u can only take long or short only depending on major trend..for example, the euro long signal in todays Asian session could be considered countertrend move (below 200sma). So we take both long and short signal?Ignored
DislikedI would leave the final answer to PP, but for me, I would consider trading both sides. However, my decision will be based upon how the three MAs are stacked up and how the price is behaving in higher TFs.
The system tries to catch momentum trades on breakouts and thus the trades are short term in nature. Within one major trend(on daily or H4), there will be plenty of trends and counter trends. As small TF trader, I would only look upto M15 or M30 chart for deciding the general feel of the market.
I would not use 200SMA for trend determination....Ignored
DislikedAnother valid trade on GU....during London Session....
I wasnt tracking the market...was busy at work...
Btw, I need some help on the Pivots indicator...it calculates on Sunday candle too..as a result for MOnday, the pivots are badly displayed....any thoughts how to ensure it does not use Sunday candle?Ignored
Dislikedthis is the only pair that looks like it has a potential to setup Long. Note that the pair is in a downtrend channel right now (draw your channel lines), and it is at the upper boundary of the channel and it may break out of it to the long side soon.Ignored
DislikedUhmm.. looks like this pair is "frozen" on my platform .. scratch my recommendation as I am not sure what the heck is going on as this chart is not updatingIgnored
DislikedIt has broken out of the channel and may now retrace back to the boundry again before taking off long again .. lets see if we get a fractal up and see it broken again.Ignored