Hi,
Looking at this system (cheers OxFx for takning the time to post your system here BTW - many thanks).. I'm wondering if I've got this right...for tonight at 0000GMT I'm looking at going LONG using the system rules on the following pairs:-
EUR/JPY
USD/JPY
EUR/CHF
CHF/JPY
CAD/JPY...
The above look like they are ready to cross later but as I am new to this system would like some advice from those of you who have been using this system for a while please
I would be looking to enter these trades but:-
CAD/JPY and USD/JPY are below 200SMA, but looks like a decent Long entry according to this system..Is this a problem with the 200SMA recently and should I stick to the rules of above 200SMA for Long and below 200SMA for short?
CAD/JPY has already crossed, am I too late to enter this trade although the pair hasn't moved much today??
Thanks for any replies, much appreciated and happy trading to all!!