Hi Guys I thought to share this little gem, not my system obviously, works pretty well enough; overlay a 60sma on a 5, 1hr and 4hr chart when price is above on the 1hr and 4hr t/f your signal for long is when price goes up through the 5min t/f. vice versa. You may have heard of it as the three ducks. Great little system, try it. I am long untill 1.3780. Heavy day for news, gulp!
Hello Cornixforex Good morning. I will be glad to see the back of the cold, wet, windy weather here, I don't suppose it makes a difference to our comrades in siberia! I am still long, it looks like the long term target is 1.42 area. My logic on this forex so far is to stay open, in this case, long. Every time I see a profit figure, take it off the table and then immediately jump back in, this will ofcourse mean Big stops, ie. 200pips. I am only .22pence per pip so nothing heavy. This is going to be a strategy I favour, having found 'jumping in/out of trades or allowing several pips here and there to be taken off me' however small, they all add up. The big picture, weekly/daily, take the best view I can and in this case, stay long. We will see how it works out....