HI everyone,
I’m a relatively newbie of a few months, from Wales, U.K.
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I have read through the school of pipsology a few times and I am trying to get to grips with the “So easy, it’s ridiculous” system but I do not understand what is meant by: “5 & 10 EMA APPLIED TO THE CLOSE” (I do understand what EMA is.) This phrase is also used in this forum in the thread “how I swing” where he says apply all signals TO THE CLOSE.
Have I missed something? I use I.G.Index.co.uk and although their quick charts aren’t great, I am now very comfortable using them and I can include EMA’s and Stochastic signals, but how do you tell if they are linked to the “close”? or is this automatic. -
Does this system have less success when using lower timeframes such as 15mins, 5mins. etc.? What IS the best time frame for this system?
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Does anyone know if this system can be used on the London FTSE 100 Index as well as on Forex?
Thanks for your time folks.
Welshy1