False breaks as the longer term chart is indecisive (25 min)
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DislikedHi Far East Man
Thanks for the heads up. I am ony just starting today to look at the charts.
I'd wait for the Macd histogram to hook up then can go long eurusd. By the time it hook up, momentum is in your favour (at least) and the level you enter might just end up being approx what you enter by catching the falling knife.
But if you want to enter on the retrace to the pullback level, it is still ok, as long the risk management stop you can stomach.Ignored
DislikedCan you also trade this system using the 15min chart or is it more effective in the 60min chart?Ignored