Hi Simba,

Since last night I bought using Simbasystem USDJPY.

I would like to have your opinion about cycles on the 1H chart that I am attaching with this post.

On that chart you can see:

Magenta line: Mavg 35 (-17)
Red line: Mavg 52 (-25)
Green line: Mavg 69 (-34)

Question one: as you can see the magenta line crosses the red line two times. That means two cycles in the same move? How do you calculate the price target?

Question two: do you use another cycle calculation using for instance the cross of the red line with the green line?

Thanks in advance for your comments.

Pippt

Attached Images

gbpusd_1h.gif (13.0 KB, 507 views)