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- Stuartesque replied May 23, 2007
Whatever happened to the discussion of the system the thread began with?
- Stuartesque replied May 22, 2007
One word. Belief.
- Stuartesque replied May 22, 2007
Well, I have to disagree that grid systems ain't reliable. I was of the same opinion few weeks back, until I started watching a friend trade it. I saw him taking his live trades and making money consistently. I think it is all about making the most ...
- Stuartesque replied May 22, 2007
My friend took his training. If you are looking to learn technical analysis, he is not the guy, but if you are looking to learn market psychology and discipline, he is great. Do not look forward to learning how to create a system or so from him. he ...
- Stuartesque replied May 22, 2007
I observed the chart for past few days and I think this system has been taking a hit on the gbpjpy also. Just a thought.
- Stuartesque replied May 22, 2007
It makes you humble, an essential degree demanded by the market to be successful.
- Stuartesque replied May 20, 2007
I agree with you wholeheartedly. You can't expect the whole world to follow the same indicator.
- Stuartesque replied May 19, 2007
Thanks everyone for your participation in this thread. Good knowledge sharing.
- Stuartesque replied May 17, 2007
SunTrader, I know you are against MAs, but if the institutional thing about 5,100 and 200 mentioned above is not a fact, then why do you think price bounces off these lines? You, the little guy does that?
- Stuartesque replied May 15, 2007
Yes, it was a buy limit. Sorry for the error. Well, It was a risk and I guess there is no reward without risk.
- Stuartesque replied May 13, 2007
I started the thread and I would like to clarify that I am not a day trader. I trade the 4 hour charts exclusively. I look for minimum 100 pips on my trade and my typical trades are 100-300 pips, 300 being max. Here is a chart of how I use the MA ...
- Stuartesque replied May 13, 2007
It would simply be suicide to trade against the trend. While, I am not a long term trader, I do follow the 4H trend which is pretty much enough for me.
- Stuartesque replied May 13, 2007
Does it work on the 4H equally?
- Stuartesque replied May 13, 2007
Each one to his own.
- Stuartesque replied May 12, 2007
I find the 20 SMA a bit too quick in reacting to a trend change and so find many false signals. I think anything below 50 Ma is not worth for medium-long term charts. My personal thoughts.
- Stuartesque replied May 12, 2007
True, I don't use 200 SMA for trend, but for support and resistance.
- Stuartesque replied May 12, 2007
Well, I agree 200 SMA is slow, but look at gbpjpy and eurjpy yesterday on the 4H chart. Just plot the 200 SMA and take a look.
- Stuartesque replied May 12, 2007
I am already long at 1.1135 based on 4H. So, I will be in for sometime. I am looking at 200 pips.
- Stuartesque replied May 12, 2007
Thanks James. What will we do without you.
- Stuartesque replied May 10, 2007
True, MAs suck in sideway market, yet I have seen they do provide SRs.