vlady makes an interesting point. I tend to trade the M15 chart and use 200 ema as a filter. But I also look at the trend on H1 and D1. In fact I have the 200 ema daily time frame showing on my M15 chart.

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There's been a bit of a mismatch lately between DAX and S&P but I suppose that can be given that DAX is a heavily weighted index.

SPX and DAX - CFDs are the place to be

Neio - interesting idea but then you can always rely on a Brit to come up with one (as long as it's not me). I've been using 200 ema on my charts as a filter.

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Hmm interesting that you are using 3 as H value on a daily time frame - I'll have to look into that.

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I learned long ago that better to wait for London open cos too many false signals at Frankie open. Not an exact science but then what is.

Multi time frame price action channel (mtf pac)

ephisi - re your short, the daily open at 58 might be a good short term target.

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If this system tames "the beast" that really will be something.

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Closed my shorts way too early but never mind.

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Hmm seems a lot of us are using M15 charts

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in my experience down moves are much faster than up moves - of course it's not an exact science.

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ephisi - good call on EU long

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Problem with trading EURUSD lately is its abysmal daily range - around 45 I think.

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Yes Ralome - FOMC can move markets in a big way sometimes.

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Thanks - I tested TMA a while back. Didn't continue with it because different pairs needed different settings. I presume you are using a proper Triangular Moving Average and not the so called TMA True which is just a 56 LWMA with an ATR band around ...

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Top and Bottm picking can be a dangerous game. No need to find the very top or the very bottom - plenty in between.

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LITEchild - what are you using on that chart a Raghee Horner channel ?

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dragos - not to dis-respect Eurusdd but if George Soros phoned me and told me to buy XYZ Ltd, I wouldn't do it without some due diligence of my own. I learned long ago that it's better to make your own mistakes regardless of how good the trader may ...

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ADR on EU has been crap lately - circa 45. Much better offerings (although a lot have high spreads).

EURUSD

There you go - sure you will find loads if you google.

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