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Old 04-19-2007, 03:09 PM
swavaa swavaa is offline
 

Join Date: Apr 2007
Posts: 3
Default Newbie confusion

Hi,
I'm not a newbie, I'm a premature birth when it comes to FX. I'm deployed overseas, and don't have access to a lot of things online, so I use FXstreet.com for my charts and would like some help.

I've looked at your system, and through backtesting it looks great! I've attached the daily and 4hr charts that I'm using for my analysis.

It shows a cross today but I'm not sure whether to act or not. Looking at the daily, everything seems to match your system (I left Stoc, CCI, and RSI off the chart for simplicity) But when I look at the 4hr chart, it seems that this short strategy has run it's race and now it's in a long position cross.

Am I reacting to quickly? Most of my prior demo-trades have been on the 2hr and 15m charts, so my mentality may need some adjusting looking at the daily.

Please Help me crawl!

Swav A
Attached Images
File Type: jpg DailyGBPJPY19 Apr.JPG (84.3 KB, 372 views)
File Type: jpg 4hrGBPJPY19Apr.JPG (79.8 KB, 362 views)
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