Vita est simillimus forexum(Life is like forex)
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
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DislikedI had a go on EJ. My C1 was lower than my C2 so I was looking for shorts! And here it was. Price broke the 10 ema with a red heikin ashi. Entered at 137.01 and exited the trade at 136.77 with a plus of 24 pips {image}Ignored
DislikedI don't understand why the HA is considered important to this system. It leads the 50 ma but is insufficient to trigger a trade. The HA is always "on-colour" by the time a breach occurs, so it doesn't seem to add any new information.Ignored
DislikedDennis - Good, simple WINNING system. I wish you much success.Ignored
Disliked{quote} Same question, what about reentries? Do we have to wait to a pull balck to 50ma and a close up/under this ma to open a trade?Ignored
Disliked{quote} These are great questions because they begin to take us deeper into the system, so thanks to you both. If this answer sounds too elementary, I'm aiming more at the newer trader, so excuse the sound of it. I wouldn't intentionally "talk down" to even a brand new trader. As you may know, the longer the chart's timeframe (TF) you use to make decisions, the more accurate the read (and the more patience it takes). Re-entries are great trades, after a pull back from trend and then heading back into trend. But I used to make a good trade, then...Ignored
Disliked{quote} Ok Dennis , thank you for your kind reply . Another question : what are the best pair for your system ? Thanks.Ignored
DislikedHi! I very much like this method. Thank you. You said we don't need a stop-loss bc of the M5 TF but when do we exit when the trade runs against us? regards CIgnored