Disliked{quote} Your advice about taking everything down for the week is an excellent one. Especially with holding anything over the weekend. My trading weekended earlier, but I am so tempted to getting back into the market to trade E/U, but on the higher tf, we haven't had any engulfs of the candle which has created the new low. The chart below is that of EU on the h4. {image} You'll notice that since the color change (crossing of the ma lines) 1) We have yet to have a candle close inside of the two ma lines. 2) The candles which prints a new low, have...Ignored
I agree with everything you said, I like ma,s only as indicators not for possible entry exits and they are useless to back test with, what they show now is not what they were when printing, i just lost 6pip on kiwi and still kicking myself, should have left platform offanyway, although there is merit, especially swingers, its friday, and generally friday is crap and erratic, if it is a bottom printing now, I am pretty sure there will be other opportunities next week to get in maybe tuesday or wednesday gives a 2 or 3 more candles to print a reverse or bounce pattern,
If you are new to Forex? Say Goodbye to your account!!