Your system looks easy to follow i have been playing at forex for a few years and mostly loosing money and hair. im starting to switch to the mt4 platform. i do plan on using this method over the next few days to build my charting skills up..i have none to speak of. hope to follow up with some good news.
one question , if the bounce didn't happen we must abandon this pair and looking for another with this specific rules?
Great news after several false attempts i found a good entry point today:
9/28/11 12:42 0.9868
COVERD HALF AT :
9/28/11 13:53 0.9823
still running with 64+ looking at another 40? or about 3hrs before bottom?
thanks alot good system from good friend
Simply good and simple ,Is there any AFL or meta indicator for it -thanks
Can you post the indicator or the EA designed on this. Looks interesting..would like to check.
How about if there are buy signal in one timeframe and sell signal in another timeframe in the same currency pair, which one should i believe?
I use combination of 5 / 13 EMAs with the MACD on 1H TF to get faster exit signal. Otherwise, it works good on London and NY markets. It needs momentum.
Hello to all membrs.
Just introducing myself here. This is my first post although I have visited
Thanks I like this system but I still have some question
-Is it depend on the length of the bar in number 2 and 3?
-Next to the bar in number 2 has to be number 3 bar or can be after that for 1-2 bars? or what?