|
Well now, MorningTrader, that's just silly. Does it occur to
you I might be trying to help you?
No one is mocking EMAs.
But if you're touting an EMA crossover system, acting like
EMAs are something amazing and wonderful, using 10% of your
capital per trade, with 13-pip stops, trying for just a few pips
per trade, then you have revealed yourself as a newbie trader
who has just recently discovered the adrenaline rush of
the forex market.
If you're going to use a crossover system, why do you
use an EMA crossover and not a MACD crossover? Do you
understand the difference -- how the MACD w/ signal is composed
of the raw delta and EMA-smoothed delta of two base EMAs,
and why that gives an earlier signal?
Not that there's anything terribly wrong with your entry trigger.
It's vanilla, like the kind many traders use. The overly
tight stop and tiny profit target need overhauling. Overuse
of trading capital is also going to get you into trouble. A couple
of tweaks to your risk:reward model and exit tactics, and you're
all set. Then it becomes a matter of self-control and consistency,
and then long-term profitability becomes a matter of boring
routine.
Dropping Rob Booker's name doesn't impress anybody.
He's made himself mighty scarce on this web site, if you've
noticed. He has an "e-book". So what? The threads under
his forum have nothing of interest or substance.
You want to ignore what's being said here, go right ahead.
You can lead a horse to water, but you can't make him drink.
If you're young, you probably have to learn from your own
mistakes.
Good luck.
__________________
Bob/autofx
|