Hi LoosenUp, I don't trade the system if the market is flat or in a trading range, because I don't want those whipsaws. And I don't trade it before big eco reports. But otherwise I take all the signals - if I am not sleeping or busy with other things. My filter is 10 pips, if the MA is not steep. My system is not perfect - I have never said that - but it's simple and catches all the big moves... P.S. Do you trade a system?
The biggest problem with my system is that it makes too few signals. It's boring to sit for days and waiting for a signal. So I will try trading it on a 15 min chart - but I will still also use a 30 min chart.
There's not much difference between the two charts, but I will use the 15 min chart to get in earlier. And maybe I can use the difference between the MAs as a kind of trailing stop? I will test it. I use momentum 50 in the 15 min chart, and ROC 50 in the 30 min chart. Both looks nice.
I have spend (only) 1 hour testing this system, but I am already tired of it. I don't like it. Too complicated! What do you mean?
Euro-zone 9,00 GMT: Industrial New Orders. US 12,30 GMT: Durable Goods Orders US 14,00 GMT: New Home Sales. US 14,30 GMT: Crude Oil Inventories. --- I don't know about Euro orders, but I think a big surprise in US durable goods could move the market. Let's see what happens...
Hi Baruch, Like you, I donât trade just before major reports. I am familiar with key US economic data release times, but where can I get a listing of comparable European reports and their times that can directly impact the EURO, GBP and the likes? Thanks. Kermit
Hi globalfxllc, Welcome. We don't have many brokers in this thread. Are you short now? P.S. Still trading the eco news?