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Old 03-18-2007, 04:56 AM
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shandy shandy is offline
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Join Date: Dec 2006
Posts: 79
Default Latest trade?

Hi Maurizo. Like the look of this, especially for trading of the daily as it looks to work well. I've attached a chart to try and make sure I understand the system (pretty sure I do as it's very simple!). I've circled the last cross of the EMA's on the 14th March. Am I right in saying that you would wait for the open of the next bar i.e. 15th before enering the trade? Or do you ever enter early if it looks as if there is no way of the EMA's un-crossing? By the looks of things this would have pretty much been a break-even trade, and I guess we're now looking for the EMA's to cross again as they are pretty much on top of each other now.

(BTW, I'm using Metatrader which utilises GMT, so it looks a bit different to Oanda but the principles are the same.)
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File Type: gif gbpjpy daily 1_5.gif (24.4 KB, 2300 views)
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