the best moving averages to trade Forex are...

Lol. Have they cleaned up their act some sine the Lehman blowup? Why not migrate to a real ECN.. oh no, what, we've had this discussion before.

 

haha, I thought it sounded familiar

Nah, the real market plays too rough for me, I'm a trading wus, didn't I just read somewhere about a 2,000 pip spike on Gbp/Chf which the broker says was a legit quote

 

Very interesting post.

Thank you

 

LOL you thanking me :eek:

my african american friend

yup its me your favorite ET troll

 

After reading what Cable said about the Eur/Aud, I had to take a look.

I started with the daily chart, and thought kazammy bam this would be fun to swing trade.

I later went down to the 5min, and thought by golly this would be fun to scalp.

Finally, I got to the 15min chart, and wowza this would be cool to momentum trade.

I plotted the 7 & 30 EMA, and RSI.

Use a 7/30 EMA cross for entries, and RSI for exits. It looks good while static, but who knows how it would work live??

I'm trying to learn how to trade long term, but darnit I'm an action junky.

 

so..what does that mean?

 

lol, something there for everyone

 

I have a hard time allowing profits to run. I have the impulse to grab whatever money I can make, and run.

I wonder if most controlling people have this 'problem'?

 

this tends to be me also...I really want to start getting those 50,100,150, 200 pip trades...

 

wow...where did you come up with using a 7 and 30 EMA?..very interesting...never heard of that...thanks