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Applying statistics to the reversals shows when to take the trade.

I don't need to "start my own thread". I have just as much right to post here as the next person so long as I STAY ON TOPIC and OBEY THE FORUM RULES. Most, if NOT all of the trouble on the net and in the world is caused by people sticking their noses in other peoples' business and/or...

Tom: I am NOT selling anything here. Others post charts and are NOT accused of selling anything. This is a trading forum. Posting charts is normal. If someone posts a chart and I see something that I like, I'll ask about it. If the poster is selling it, then what happens next is between...

Using the waves and support/resistance.

Thanks for sharing jjrvat. I noticed that using the longer periods keeps you in the trade for more profit and it also keeps you out of early entries. Since it seems the trade usually goes against me after I enter, I now enter at 2 pips or more LESS than my original entry price. I usually...

I guess the debate is on! But let's not detract from jjrvat's thread. I think jrrvat deserves our respect. If you want to continue this, then let's start a new thread.

IMHO, this is a BIG MISTAKE! People say "markets change". That's an ILLUSION! What really changes? There are buyers and sellers in all markets. The price goes up and down in all markets. The only thing that changes is PRICE and VOLUME. That's what makes it a market. It's really the...

I enter with a LIMIT order. Remember this:

I think it means it's in transition/reversal.

When the price hits the MA(240).. if price going up, buy. If price going down sell short. It's not my MA... just one I found on the net. Some people seem to have a problem when I post my indicators.

I think you can see trading at the MA(240) in the direction of the current trend for 5 pips is almost a guaranteed winner. All you have to do is use money management. Remember, I use an ECN broker so I don't have a fixed spread or a deal desk trading against me.

What part of DO NOT ATTEMPT THIS didn't you understand? Name calling is juvenile at best.

I am using the same MAs as jjrvat described. EXIT? I put a 5 pip target. Usually, in/out quick. Since I use an ECN, I can BUY at the bid and SELL on the ask. This means I can put the spread to work for me rather than against me. If a trade goes against me, I add to the position and...

I noticed something profitable today: When the MA(6) crosses the MA(240), trading in the direction of the cross is profitable on the GBPJPY.

Then enlighten us.

What I was saying that if you let price action determine your SL, then your TP should be a function of that SL. Of course, you have to use your judgment while in a trade if you are profitable and price turns against you. You may have moved your SL up or you may just take your money off the...

Thanks amitman. Wouldn't the price targets be part of the money management? If you have a SL of 1 then wouldn't the TP be 1, 1.5, 2.0, etc... to keep your expectancy profitable?

I will respond to conversations and debate about learning HOW to trade. I will not address negative comments and I expect others not to either. In the event we find ourselves in the midst of a disgruntled trader, we need to ignore and move on. Deal? Debate is healthy, arguing is not.

I don't think you understand what you really have to code to have an automated system. There are so many things you have to test for.... Not to mention what happens when the connection dies, the computer hangs, the power goes out, the cable goes out, etc...