For short, EMA6<EMA12<EMA48
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DislikedPure Price which broker do you use and how much percentage you use per lot/trade?Ignored
DislikedPure Price which broker do you use and how much percentage you use per lot/trade?Ignored
DislikedI use OANDA since they have great spreas, however, they are really bad when there is news the spreads go up to 10 pips, and during NFP they can be as large as 20, but since we dont trade news, we are OK as the spreads normally settle back down with a couple minutes after the news releaseIgnored
DislikedJust look at the EMAs and how they are lined up .. for long setup, EMA 6> EMA12>EMA48
For short, EMA6<EMA12<EMA48Ignored
DislikedHi PP, can you tell me if this is a valid trade for the 5m PASS... as you see in the circle, the cross never quite makes it but forms very close and spreades out like the cone.
Thanks.
David.Ignored
DislikedI use OANDA since they have great spreas, however, they are really bad when there is news the spreads go up to 10 pips, and during NFP they can be as large as 20, but since we dont trade news, we are OK as the spreads normally settle back down with a couple minutes after the news releaseIgnored
DislikedI don't know about for you, but spreads on Oanda have steadily been increasing. 0.9 used to be common, now it's about 1.3 on a regular basis. This is concerning, in my opinion.Ignored
DislikedYou mean if the EMAs on the 1 hr chart are pointing up go long on the 5 min chart and when the opposite happens go short on the 5 min chart.Ignored
DislikedThey are still pretty low compared to others ... Still get 0.9 spreads at times like early london and NY.
I am not promoting this broker or any other broker, I just happened to have my live account with them
I used FXPro on demo for a long time, and I like their spreads also.
Do you have another broker you can recommend with low spreads?Ignored
DislikedSorry I missed this earlier.
The setup is valid, however, the price has gone up quite a few pips before you enter which may now want to retrace before goign up again....Ignored
DislikedThank you PP, I am starting to not trust these long bars that happen like this one, it came right back and I made a loss on this trade.Ignored
DislikedYes, that is what I would expect after such a long bar, it would retrace a bit, and may or may not resume the move up .. always be wary of those long bars, we want to get in before those bars and get out at the end of the bar if we can. Otherwise, look for another trade as this one has already gone through its momentum move.Ignored
DislikedYes, thanks PP.... can I ask, are you making a consistant positive P/L out of this strategy?
David.Ignored