Captain Currency
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Seems to have worked for GBP/USD from about 2pm today.
You sure?
Isn't the 4hr still under the radar today?
EDIT: Last time Cable fell into line, according to these rules were on the 13th of this month.
All roads led 'short' thru 2.0190.
With all due respect to peeps.
This is why 95% (or so they say) traders fail.
The guy has given out a system that the banks, major institutions, Mr Elder and other feted traders use, plus the rest of the big boys; and it gets changed straight away.
Human nature I suppose. People can't leave a tried and tested system alone. They always think they can do better. I am guilty of the above myself of course, (at certain times in my trading cycle), however this way of trading has been around for years. If it works for them... etc etc.
This is not a personal attack at you Ninja.
PS. Why do you have two swords sticking out of your head?
PPS. You can scalp on any time frame chart.
Does this method work in reverse, ie when price is above the 60SMA in all time frames can you go Long ?
Paul
I have set this up so that all three MA appear on one chart by using a facility in TS that allows different compression of data source and plotting the MA based on each one and it certainly is good for 30 pips on most signals on GBP / USD including this morning.
Paul