Hi again, Exit is more important than entry - and a lot more difficult. If you read the whole thread you will see that we more discuss exit than entry. A trailing stop is not perfect, but it could a solution.
Yes, now I am back again and will trade my system realtime again here. I have been busy trying to trade other systems, but I think this is the best. So I start again. Stay tuned. P.S. Right now we would have been short in euro/usd from the 1.2150 area...
Really? So you are using this as a longer term strategy? What about the spike up on the 7th and crosses around 1.1850 over the 50ma the last day or 2.
No, I happened so fast that I couldn't react - and than you you for that. That gave me 300 pips in euro, but I'm out, because I didn't catch the buy signal, because I was sitting before my PC, when it came. Yes, we need an alarm - or a robot.
Well, that was the good news (300 pips). But I suppose I must tell the bad news also: Because of the important number I only had a small position - 1/3 of my normal. So the 300 pips are really only 100 pips. Stupid me.
The author of www.eurusdtrader.com is Jimmy Young, and he has some very interesting comments (on www.pfxtrade.com) about trading without chart and indicators. It must be something for our friend Scientist...