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- baz replied Feb 6, 2008
For your info,for me the 4hr system went long at 4.00 pm uk time. I did not short the EUr/Yen this morning.I will stand aside for now regards baz Ps But you must stick to your plans !!!
Simple 5 / 8 moving average crossover
- baz replied Feb 6, 2008
For Your Info,as i explained before,regards plotting weely/monthly highs and lows. See how the Euro tested last weeks low yesterday late in the day and then again today before moving down regards baz
Simple 5 / 8 moving average crossover
- baz replied Feb 6, 2008
Hi Darren Have a look at the 30 min cable chart with Macd plotted below it,and look at the lows made on monday,and then compare the lows made afterwards.Slightly compress the chart to get a better feel. The point is,it should not put you off taking ...
Simple 5 / 8 moving average crossover
- baz replied Feb 6, 2008
Sorry about going off track.Have a look at the link below about Macd Divergence. I use it in lower TF before taking trades baz url url
Simple 5 / 8 moving average crossover
- baz replied Feb 5, 2008
Sorry mate,i use Sread Trading Brokers,but dont u compare with ur own charts? baz
Simple 5 / 8 moving average crossover
- baz replied Feb 5, 2008
I am finished for the day.Start at 6.00am tommorrow Regards baz
Simple 5 / 8 moving average crossover
- baz replied Feb 5, 2008
Thats Great,but have a plan and stick to it once you are in a trade. The way i see it either i am going to lose 25/35 pips or make 70+ pips baz
Simple 5 / 8 moving average crossover
- baz replied Feb 5, 2008
Thats right,find a strategy that fits ur trading style.I like to fine tune my entry.I did not short Cable first thing am,as my 5 min system indicated a long. So i waited untill later to short cable. Learn about fibonacci,and always keep learning ...
Simple 5 / 8 moving average crossover
- baz replied Feb 5, 2008
I am really sorry about this.This my way of trading,ie TOP DOWN approach IE start with the daily,then look at 4 hr,then down to the 30 min to pull the trigger. If evverything lines up on the charts,i will pull the trigger.My point is these 2 emas ...
Simple 5 / 8 moving average crossover
- baz replied Feb 5, 2008
Tom if u get a signal to go short,than u have to pull the trigger,my point is these 2 ema seem to be mostly watched,u have to be aware about them. As for tommorow,there may be sideways action on Euro,watch out for Macd divergence on 60/30 mins if a ...
Simple 5 / 8 moving average crossover
- baz replied Feb 5, 2008
Tom what i mean is the 200/60 ema,do not have to be crossed on the 30 min,the very fact that the price struggled to go above thses emas is a good signal to take short trade. Check the USD/JPY on the 30 min and in particular the 200 ema,see how it ...
Simple 5 / 8 moving average crossover
- baz replied Feb 5, 2008
Tom always plot the 60ema and the 200 ema as well,on the Daily,4 hr,1hr and 30 mins and observe what the price is doing at these emas Say u get a signal on the daily,go down on to ur 30 mins,plot the trend lines,support/ressistance etc etc and ...
Simple 5 / 8 moving average crossover
- baz replied Feb 5, 2008
According to me the Cable was short since yesterday am. baz
Simple 5 / 8 moving average crossover
- baz replied Feb 5, 2008
I trade on DAY BASIS,targeting +50 to +75 pips. I am not used to taking trades overnight,cant get rounnd it. baz
Simple 5 / 8 moving average crossover
- baz replied Feb 5, 2008
If its worth anything,this was a correct long entry for the way i trade,but i shorted the Euro instead,but did not think it would "tank " the way it did. Anyway a profit is a profit regards baz
Simple 5 / 8 moving average crossover
- baz replied Feb 5, 2008
Hi Tom My advice is try and enter the market between 6.00am to 7.00am Uk time,that really is the time the "big Boys" start trading. Baz
Simple 5 / 8 moving average crossover
- baz replied Feb 5, 2008
Hi Tom Another thing you should always check is the range at the time you take the trade,if there has already been a large move,than there is isnt much left in the "tank" to go any further. By the time you took the trade there was already a +100 ...
Simple 5 / 8 moving average crossover
- baz replied Feb 4, 2008
hi Ele Keep the tab"Ctrl" pressed on your keyboard and then press the above site,it should open in another tap on your screen regards baz
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