I think that is where the discretionary part comes in. here's my take on it. if you roll up to a 15 chart you can see the strong signal was given off soon after the london session opened and then it based and broke down again prior to the NY session opening. I think you were late to the party and a short would have risked the reversal you saw. GE wrote that you should not take trades whereby the 2 ma are interwined as was the case here. I have 4 monitors and 3 of them contain 8 pairs with 1 hour charts. it allows me to quickly spot what the current trend is and I look for pullbacks and reversals and load the :custom candles onto my main chart. If you wait long enough, you will find the best possible setup and seize it. I'm not pulling down 75k every 2 weeks like GE did but I'm relaxed and seeing signals and making pips. Like everyone else, I spent hundreds of hours searching for a pipmaker and this one fits the bill for me. I'm going to open a private room for those interested in learning and sharing. Drop me a pm if interested. I don't plan on any fraudulant mass marketing campaign.

Sundowner]Hi summitfx,

This is a situation I ran into this morning (PDT). I seem to encounter this frequently and I'm not sure whether I have misunderstood what goldenequity has said or not. Please see the attached chart.

Any suggestions would be appreciated.

Thanks[/quote]