hows it going behman .. i cant advise you on your trade mate ..thats your decision .
all i can say on the eur/usd is that the daily trend is still in tact ..although the recent momentum is short ..is it a pullback or is the trend changing , a better man than me may be able to advise ..i dont worry myself over it ..
all the best
booker.
hello ... I'm following your forum and thanks for sharing this method.
Could you tell us what do you use moving averages on the daily chart.
In H4 are the MA 20 + 5 right? But applied to the closing or opening?
And on the daily chart which are the MA? are applied to opening or closing?
thanks in advance.
I hope you understand my English, English is not my language.
Greetings.
Work very hard until you get there (excuse my english)
hi jvbs... thanks for the question the ma s on the 4hr are correct and applied to the close. the daily are 20 ema and 50 ema just as a guide for the daily trend . if your trying this method as with any other trial it on demo ,its not the holy grail ..money management and risk reward are key ,and expect to lose before expecting to win.. all the best booker.
eur/jpy... buy trade at 125.39..stop below 20 ema at 124.74...p/t 126.93..big break through 20 bar average which is forming support at the moment ..not a perfect set up but good r/r .
