if anyone is still in this trade at 74/78 put stop to breakeven as news is coming up have a good day time for me to do other things see you later
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DislikedSorry, I had to run to work. The two ma's on top are 5 smoothed ma, one high and one low. I use them with the heiken ashi. When the price closes below the 5ma it is trending down, and when the price closes above the 5ma it is trending up. It just helps with the trend identification. If you look at the sell arrows [red] when GBP/jpy is trending down [on the daily] they each move quite a ways, when the buy arrows comes up it is just an adjustment [small move]. you can see that the trend is changing by the amount of movement on the sell arrow. It is getting smaller. I know that some people are happy with 20 or 30 pip a day, but this shows you that you can get many more and not have to watch the computer all day.Ignored
Dislikedbillbss
I have Isma under my MT4, if you dont have let me know I will post
cheersIgnored
DislikedOn my charts the RSI was 50.1413, so would have been a trade.
RSI 13 set on Open, Close, High or Low (mine is set on Close)
EMA 8 on Open and EMA 5 on CLose (I think this was made clear from the start)
Stoch 833 set on on what? L/H or C/C with the MA set to what SMA, EMA, SmothMA or LWMA ?Ignored
DislikedHi there, just to compare notes with you, on my chart for GU yesterday, there was only 1 signal and my RSI never hit 50.1413, that said my RSI 13 was on default setting i.e. close. I use the very basic Stoch which doesn't come with the setting as you mentioned but the one you used from MT4 platform shouldn't be any much different as well [again with default setting]. As for the time difference issue, perhaps someone else can provide a better answer. FYI I am using Alpari at the moment.Ignored
Dislikedhi folks back at the desk yes we have 2 signals from daily long gbpusd and long eurjpy the gbpjpy was very close but rsi was at 49. now age 13 to make things easier since brokers have different feeds and all indicators are based off the numbers of that feed since indicators are nothing more than mathmatics i recommend you get a demo from interbank fx i personally trade with rjo fx but my readings from the indicators are extemely close to them maybe your broker isnt 00gmt what that means is they start a new day at 5-6 pm est so data maybe different. as you can see by todaythat price was well supported by the 5ema if you would have waited till one of the indicators crossed to get out that would have been when the stoc close down while price was at top at 208.22 entry was 206.73 a nice 150 i personally set my goals differently but as you can see this style is quite effective and has supported me for quite awhileIgnored
Dislikedhi folks back at the desk yes we have 2 signals from daily long gbpusd and long eurjpy the gbpjpy was very close but rsi was at 49. now age 13 to make things easier since brokers have different feeds and all indicators are based off the numbers of that feed since indicators are nothing more than mathmatics i recommend you get a demo from interbank fx i personally trade with rjo fx but my readings from the indicators are extemely close to them maybe your broker isnt 00gmt what that means is they start a new day at 5-6 pm est so data maybe different. as you can see by todaythat price was well supported by the 5ema if you would have waited till one of the indicators crossed to get out that would have been when the stoc close down while price was at top at 208.22 entry was 206.73 a nice 150 i personally set my goals differently but as you can see this style is quite effective and has supported me for quite awhileIgnored