Hi everyone
Well I set up our revised FXPT ea on AUDCHF for a nice few pips last night.
Looks like a similar set up later as we're still looking for buys as price action is still above the 1 hour DASR.
Looking at our "price_bounce_off_ema" strategy, something I didn't mention yet is that is better (and easier) to look for bounces off the 1 hour vegas tunnel ema on the HIGHER TIMEFRAMES (30 min / 1 hour / 4 hour)
Nice examples - GBPNZD last few days and GBPCHF today. Lovely bounces off the 1 hour DASR (see attached charts). A VERY IMPORTANT thing to remember is that if price action bounces once off our DASR centres, it will often bounce once or twice more off the same EMA (sometimes even a few times) These bounces yield hundreds of pips!!
Well I set up our revised FXPT ea on AUDCHF for a nice few pips last night.
Looks like a similar set up later as we're still looking for buys as price action is still above the 1 hour DASR.
Looking at our "price_bounce_off_ema" strategy, something I didn't mention yet is that is better (and easier) to look for bounces off the 1 hour vegas tunnel ema on the HIGHER TIMEFRAMES (30 min / 1 hour / 4 hour)
Nice examples - GBPNZD last few days and GBPCHF today. Lovely bounces off the 1 hour DASR (see attached charts). A VERY IMPORTANT thing to remember is that if price action bounces once off our DASR centres, it will often bounce once or twice more off the same EMA (sometimes even a few times) These bounces yield hundreds of pips!!