Open/close cross

Looking good. after a move 2 ATR can set an emergency trailing stop at 2 ATR.

Prices moved 2 ATR, emergency trailing stop placed BE +5. Looking to exit on 5,5 cross down.

trailing 2 ATR, exit is on 5,5 cross down.
looking good...

Jiva

Looking very good, who knows when cross will come, keeping going!

Paul

yeah, that's the idea, get and stay in...
5,5 cross'll do it...

Moving right along.

after a sharp pull back

you gonna put a limit buy at yesterdays high?.....

Not this time. Just going to watch how it plays out. Although that would be the place to add on for 1,2,3.
I need to kick myself with "why didn't I do that, look what I missed", so that next time I will be confident of the move.

don't sweat the small stuff.... Your doing great.

Cross down, closed long
about +280 pips
no entry short since 21 lsma is still sloped up...

no trade
cross down but lsma still up

no trade
I could place a buy order just above yesterday's high with the 1 ATR stop about 130 pips.
Looking for a 1,2,3 formation.
But I'm not going to.
The strict rules are entering a trade only at the open of the new candle with a cross.
The really nice thing about the 5,5 cross is that if it bounces you out a trade on a pullback in a strong trend it will get you right back in.
So I will wait for an upward cross with 21 up and not think about a how much I might miss, but rather how much I could lose.

short EU
The previous candle 21 lsma was down, today's candle is still open. The signal is given on the close of the previous day's candle. The previous day's candle was a Sunday candle which means a short trading day. Can keep an eye on how that plays out for future reference. Not considering that it was Sunday the signal was short.

oops, the 5,5 cross is up.
exited immediately.

no trade....
When in doubt... don't.

signal is short..
Not every signal is a home run, but taking every signal means overall there is gain.
In this strategy we don't look at formations, trend lines, fib, indicators, the news, data, none of it.
We just trade the 5,5 cross with the 21 lsma trend identifier.

stopped out
Will look for entry long start of new day candle...

long

moved http://www.forexfactory.com/showthre...37#post5364937

happily trading this system, needed to use the Oanda demo for something else so took it down from explorer. Which btw is a bear to detach once it's attached...