I'm staying out of it for a few more hours. I hate deciding on trades now (6-7pm EST). I've been finding there just isn't enough movement to make a proper prediction. I may actually end up taking a long position in EUR/USD, but I won't know until later tonight when I decide on any trades.
Really, everything I'm willing to disclose about what I do has been disclosed. It's really up to the individual person to settle on a methodology that they feel comfortable with, then refine it down, deciding on time frame, any indicators, etc. What works or doesn't work for me, may or may not apply to anyone else.
Hiya Baruch, I dont wanna sound stupid but what is WMA?? you mentioned 20 wma? you mentioned that i am welcome to use your system, What is it? Can you explain it to me if you dont mind?? Thanks soo much
Chaw, I'm a stickler for the 4hr chart. MA crossovers are o.k. but like Baruch said beware of the whipsaws. If used correctly you can profit with it but only in trending mkt conditions. when the mkt is consolidated you will have to stay out. so weigh the pros and cons of this strategy. I think Baruch has a wonderful program and you should be able to gleen so valuable info from its use. good luck. FX is hard to trade for a newbie but i believe that it is the best mkt in the world for the professional. Be Encouraged, Be Brave, Be Bold and have some fun.
Please read page 1 (the first) in this thread. There are the rules. Now I use momentum instead of RSI.