Quoting Liquid11DislikedI’m sorry, but I think something got confused here with me. I thought that the 8 EMA(or 12 EMA) was supposed to cross the 18 EMA for an entry signal. That’s what it says in the original PDA. I have always traded like this also using the RSI indicator. I always used the 5 EMA crossing the 8 as a point of interest and not a signal.
I could be completely wrong; by maybe having missed an important post all the way back there (this thread is big!) I’m not critiquing you here, just trying to clarify something for my self.
BTW I love this thread. Its back to the way it should be!Ignored
After Sidus' post about using the 4H chart instead of the 1H chart which I had been using, I started thinking. He said that using the 4H resulted in very few losses but also less trades. Since I would like to have fewer losses at this point, even if it means fewer trade signals, that appealed to me. I am looking for more conservative ways of trading at present and this led me to consider whether using the 18/28 cross on the 4H chart might be a good and very simple signal if one were looking for very conservative trades. So far this would appear to be the case in a trending market but it looks as though the 4H charts may not work very well in range bound markets unless the range is fairly wide.
I am just looking at present for different options, partly to see what will work under different circumstances and partly because I am trying to find signals with lower risk, even if it means fewer trades.
I hope that someone else also wants to investigate in that direction. I, for one, like the idea of lower risk trades if I can find a good way of doing it.