hmm, let's see what we can do with just 2 indicators

This is a discussion on hmm, let's see what we can do with just 2 indicators within the Trading Journals forums, part of the Reception category; hmm looks like this gap is filling well on the M5, will take profits on the lower band, or the ...

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Old Aug 24, 2009, 12:16am   #29
Joined Jul 2009
TAjammy started this thread hmm looks like this gap is filling well on the M5, will take profits on the lower band, or the top of the candle on the bottom of the gap

:edit yeh played out nicely, took profits as the gap was filled
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Old Aug 24, 2009, 1:45am   #30
 
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Why have you blanked out lots of stuff on your screen but left your account # up, what's the point?
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Old Aug 24, 2009, 2:20pm   #31
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TAjammy started this thread lol cos you can see what i'm searching on my interwebs
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Old Aug 24, 2009, 3:33pm   #32
 
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Quote:
Originally Posted by TAjammy View Post
lol cos you can see what i'm searching on my interwebs
And the bottom right corner? You don't want us to know the time? I'm sure we can imagine what 15yr old kids look at on the net.
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Old Aug 24, 2009, 8:47pm   #33
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TAjammy started this thread
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Old Aug 25, 2009, 11:54am   #34
 
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If you want a system do this.
200EMA, 50EMA...

When 50EMA is above the 200EMA, wait for price to close below the 200EMA and then close above the 200EMA (with the 50EMA still above) @ this point go long... If price then breaks the recent low, you should reverse your position because usually then a big downwards move occurs.
Shorting is opposite.

Check it out on a chart, any time-frame, especially Daily (less time/less work)
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Old Aug 25, 2009, 1:25pm   #35
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Trend following systems are great. I use lower averages, but the principle is as old as the hills and works for me.
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