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this seems like a good example of a short term over extended market see chart..went long did not put stop want to average or scale in

looks like you are one of the elite in the name 'elite trader'

if you cannot measure it you cannot mange it and i am using various lengths averages to measure things with less subjectivity. i am not really using a MA 'strategy' what i am using averages for is to determine when the market is short term over extended .... or when there is a short term trend...

NO i am using averages to determine the state of the market:is it trending or ranging. i only have to check the relevant average to know what many time frames is doing....for example the 4 and 9 are in strong up trend whereas the 50 20 and 100 are flat .... this is valuable information with...

the idea behind using these averages is to measure what the market is doing very short term, short term, medium term,longer term and even longer term: basically whether the market is trending or ranging with respect to the average in review...and if trending how strongly it is trending... you...

i will use the following moving averages 4 period exponential,9 period exponential, 50 period simple , 20 period simple , 100 period simple. an entry will be considered when the shorter period exponential averages are 'far' from the other longer term averages AND if these longer term ones are...

targets placed for all trades....using demo for a few trades....

sold usdchf......

cross overs often signal a pull back..........so that is why people say cross overs fail.......or whip saw

sold audusd

sold eurusd

sold usdjpy....

how do you know a H2 OR L2 will likely fail? see high lighted text

a honest broker is Pepperstone....IMO i have used them for 5 years......and once they commit they will stick to it. so i suggest you ask them by email and if they say 'yes' save their email or ask for it to be given in writing and sent to your address by old fashioned postal service OR YOU...

once you understand all the finer points ........this can be a quite powerful but Brooks unfortunately has not done justice to himself by not explaining sufficiently deeply these [simple]concepts

you will find is most confusing and end up with very bad trades unless you can identify MAJOR HIGHS AND LOWS...so that you can know correctly what is a pull back......

what Brooks does not point out is that you can get bar counting setups with minor trends and in trading ranges [ which are pullbacks in a smaller time frame] which are not 'good entries'. for example a pullback in bull is a minor downtrend and a low 2 is a two leg pullback

yes no doubt that demand supply drives the market. that said unless demand supply can be measured you cannot manage it. one symptom of higher demand as compared to supply is quite simply higher prices. higher prices with low or lower volume sometimes means no supply

is anyone using TRADEGUIDER software.

what you say is correct -volume increases generally indicates that all is fine in the trend in place it is divergence-volume decreasing while price increases or vice versa- that sends a warning signal...that the move is not healthy. and consistent high volume with very little movement may...