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"Despite extensive efforts on the part of analysts, to my knowledge, no model projecting directional movements in exchange rates is significantly superior to tossing a coin. I am aware that of the thousands who try, some are quite successful. So are winners of coin-tossing contests. The seeming ability of a number of banking organizations to make consistent profits from foreign exchange trading likely derives not from their insight into future rate changes but from market making".
I entered short at 1.2064 ( delayed ...) looking for 10 pips on the first contract and second exit on either price crossing a short term Hull ema or a CCI50 style exit.
I entered short at 1.2064 ( delayed ...) looking for 10 pips on the first contract and second exit on either price crossing a short term Hull ema or a CCI50 style exit.
Try to look at the EMA200 sometime, it's very strong support/ resistance. That level is important when you want to re-enter the market. For example if price cross EMA50, but indicator do not confirm enter signal then you can look if there is EMA200 near. If there is then you can enter market because price will go back. To use this tactic you should follow all major currency pairs to be sure it will happen.
Try to look at the EMA200 sometime, it's very strong support/ resistance. That level is important when you want to re-enter the market. For example if price cross EMA50, but indicator do not confirm enter signal then you can look if there is EMA200 near. If there is then you can enter market because price will go back. To use this tactic you should follow all major currency pairs to be sure it will happen.
Thanks
Will start to have a look at the 200 ma's in different timeframes...
Linear Mode
