{quote} Thanks. That's good news that you're improving. I hope you enjoy your w/e. It looks like Monday is both a US and UK holiday, so the big players should only be the rest of Europe. Curious to see what happens at FO. Have a good one
{quote} forget monday FF, germany, swiss and french bandks closed...better to do something with family or relax
The pdf has been updated to Version 5. More posts and charts by fx-Tycoon and a few more questions answered have ben added. I strongly urge whoever is interested in learning this system to download and read it a few times. I know it's getting longer, but surely it allows to skip many irrelevant posts which clutter the good information. Also posts by some people, although valid (unless requiring Ty's intervention) have been kept out. That means this document is not a substitute of the thread but I still find it very useful and easier to search for...
morning everyone.. may I just say that as a new member to this site I am unable to post without it first being moderated. (which can take hours) This makes participating in the live trading discussion part of this thread difficult. Anyway in the spirit of participation..knowing its a bank holiday everywhere and my demo DOM system is crap I saw some liquidity so I am currently in EJ sell EU sell both going great guns
{quote} It's great that you want to be involved live. Today in spite of the bank holidays would have turned out to be a nice day. Now, EU short was a great and low risk trade but I would lilke to see your EJ entry whenever you'll be able to post a screenshot, as my chart doesn't show a legitimate entry. Thanks
{quote} Yep Busted!! I checked and you are correct.. In my defense EU and EJ were very closely mirroring each other at the time.
{quote} drainingdown, in my opinion, it was a valid setup (look at the dark red candle). It just closed on the EMA5. I would have taken that, if I were at my desk that time. Cheers {image}
{quote} Can you please explain what the coloured candles mean on your charts? At a quick glance it looks like your EA shows possible signal bars. As for the validity of that setup this has been discussed a few times in the past. Latest example had myself involved just last Tuesday and I got my ears pulled by Ty. LOL See post #3373. We want to see a clear close past the 5 ma, i.e. the price to clearly confirm its direction. It's also about discipline. And the fact that both EU and EJ were running together is of little or no relevance at all. The...
.... But a "clear close" is not essential in my understanding - see posts #3423 +#3424. There's a similar example, which was let through by Ty
thx my friend, yes, it was slighty closing above the 5EMA
