[ccox]

In continuation of my last post. I know we wonder what are the best time frames to use. I'm back to thinking a daily chart may be the best.

I think the larger the time frame, the more concrete the the trend is, once it materializes. Please see the attached USD-JPY Daily chart.

I said to myself on Thursday when the new parabolic dot formed..."hmmm, a new parabolic dot, but wait, the MACD lines havn't crossed yet. In fact, not even close to crossing yet. I better wait"

Irregardless of the fact that the NFP data was coming out Friday morning, the correct play still woulda been to wait for the MACD lines to actually cross. THEN go ahead and enter the trade.

I just saved myself a big headache!!! And who knows when this pair will turn around on the daily. But when it does, I'll be watching for the MACD lines to cross, confirming to myself a new trend is beginning. THEN I'll go long.

Also, check out my EUR-USD Daily chart. Same deal.