MoneyTec.com Traders Community Forum - View Single Post

buff · 21-09-2004, 21:26

Gamma,

Yes I read you first post just as I was planning to go long. I eventually went long at 133.98 @ 2058hrs NY.

Mate i am still finding very good results on theis pair using 60min chart with 8/21 EMAs basically aiiming for at least 50pts and then reassessing trade. Even though my initial stop is 60pts, there are plenty more winners than losers to cover this RR ratio discrepency. This has been the case since Jan this year.

The above trade was taken off Metatrader using their smooth MAs, still 8 & 21, but a lot fewer trades and it seems to get rid of a few of the whippy ones. Later entry, but I believe safer.

Okay sitting nicely at the moment, 2030hrs NY, with a stop in place at 134.78.

It is always good to hear others opinions on this pair as it doesn't seem to get that much of a mention in dispatches, even though I believe it trends very nicely at times. Cheers.

21-09-2004, 21:26	#3 (permalink)
buff Go the Reds....please Join Date: Mar 2003 Posts: 798 Rep Power: 0	EUR/JPY Gamma, Yes I read you first post just as I was planning to go long. I eventually went long at 133.98 @ 2058hrs NY. Mate i am still finding very good results on theis pair using 60min chart with 8/21 EMAs basically aiiming for at least 50pts and then reassessing trade. Even though my initial stop is 60pts, there are plenty more winners than losers to cover this RR ratio discrepency. This has been the case since Jan this year. The above trade was taken off Metatrader using their smooth MAs, still 8 & 21, but a lot fewer trades and it seems to get rid of a few of the whippy ones. Later entry, but I believe safer. Okay sitting nicely at the moment, 2030hrs NY, with a stop in place at 134.78. It is always good to hear others opinions on this pair as it doesn't seem to get that much of a mention in dispatches, even though I believe it trends very nicely at times. Cheers.