Quote:
|
Originally Posted by MidnightRun
Hi OzFx
Entering on the open of the cle is not quite clear: a cle may open above 200 SMA (or AC) then sharply go up/down. Do you enter while the move is still in progress the moment your system's conditions are met?
I read about the 3 ducks system somewhere - it is somewhat similar the only indicator is 200 SMA you watch 4hr 1hr 5 min charts. the setup: price is above 200 SMA at both 1hr 4 hr charts. Enter long as soon as price goes above the 200 SMA at 5min. Opposite for short trades.
Do I get it right that you use the system to trade all ps provided the setup terms are met or do you think it works on some ps does not on others?
Looking forward for you further explanation of the system (as mentioned in your 1 post). Thanks.
|
At 7PM EST when the new cle comes out we look at indicators if the indicators give signal to enter then we enter right awaay almost at the open price of the new cle.
I avoide GBP/JPY AUD/NZD trade rest all others.
There is more explaination on my blog some links on signature also cover those topics
Licensed Brokers
Re: OzFx System :) 100-800 Pips Per Trade
100 pip SL seems to less for it.
Linear Mode
