DislikedHi emanuel i need to nou just 1 thing about the system because everything else is clear like a suny day, when you decide to trade a pair in H4 you decide the entry in smaller timeframes like 15 min or not, allsaw do you have any rule rpice to be below or above 200 MA? Thanx in advance and all the best for youIgnored
Hi mizi,
I know some traders who trade H4 will look for TMS setups in H4 and then they will 'fine tune' their trade entry by looking for entry in H1. But this does not always work out as when the reversal price momentum is strong, there will not be deep retracement in lower timeframe for a better price entry and smaller initial stop loss. In such situation, you can miss the reversal setup.
The 200EMA is not part of the original Big E method but many experienced traders since 2011 will tell you how they trade with the "power of the 10EMA".
Read these posts:
http://www.forexfactory.com/showthre...46#post8598146
http://www.forexfactory.com/showthre...71#post8392071
http://www.forexfactory.com/showthre...40#post6929340
http://www.forexfactory.com/showthre...46#post8795646
http://www.forexfactory.com/showthre...81#post8882581
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett