417 pips
Another example
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This one, I couldnt trade unfortunately because I was not at home at the time, but it is another classic example of the brekaout rule.
The algorithm is very simple, if thin market and price is within support and resistance, and if price breaks support or resistance and if emas are good (black ema is above or below the other 2 emas) plus an according signal from the advanced indicator then equals to brekaout. (see picture) I really dont get what is your problem with the 5 emas...
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a nice system, lagging slightly the price movements but extremely usable. GU was a nice trade because it was obvious what was going to happen what with the banks raising the price up to the announcement ---- if the banks were going LONG, they would have DROPPED the price to give them the greatest range upwards --- Now we watch for the upside move because "what goes down, then goes up and vice versa" !
In my most humble manner, I just want to state that there are many ways to skin a cat, and moving averages are simply one of them --- CCI crossing RSI, A/D crossing either, "touching" of the ADX and MACD and maybe a short ton of other indicators will ALL tell you the same thing, the ONE advantage of the moving average cross being that it fits on the PRICE chart and therefore doesnt require its own window, which makes the chart bigger ! I personally use a multi MA window with a MACD to show divergences as an "assistant" and guide to length of move, although support and resistance pretty much show where the trade is heading ! Aside from that, almost anything else works just as well, which is why I smile a lot at discussions of the worth of each individual method when almost ANYTHING WORKS !! enjoy and trade well mp Quote:
__________________
Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages ! As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !! |
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I was not at all impressed with 5emas ebook,
He claims to be making truck loads of money, but just try and get a refund and he will not give it. Obviously if he cannot refund $119, he cannot be making money trading. All reputable ebook authors have no problem refunding, rather than have an unhappy customer |
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$119 is very expensive for systems that can be useless to some of you.I am sure u would have been happy to pay $1,000 for a system that makes $10,000 in a year OILFXPRO |
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You don't know up in front if it is going to work with your own trading strategy..
__________________
169% profit since 18 may 2012 Increase your results dramatically by buying the right values at the right prices. |
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You can do backtests and forward tests and then devise your system by making improvements to already profitable systems.Believe me it works It is easier to improve mediocre systems than to make profitable systems from scratch OILFXPRO |
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