Wwatson1's Journal, Trend Following The Forex Nice And Simple

[wwatson1]

50 ema and 200 ema golden and death cross, initial stop and ride till next cross and reverse, thats it.. any questions?

 

[wwatson1]

By the way this method of trend follow involves long draw down periods and whipsaws galore which must be managed so its not for everyone. The idea is to keep putting on the trades and managing the risk, waiting for this.....

 

[wwatson1]

..

 

[Trader.Fighter]

You can quickly formulate a golden cross death cross automated system and study the results, don't need a journal for it.

 

[wwatson1]

I dont have software for that, also I set my stop just above high for short and last low for long so that would have to be programmed in??

 

[Trader.Fighter]

Quote from wwatson1:

I dont have software for that, also I set my stop just above high for short and last low for long so that would have to be programmed in??

What will you use for target?

 

[wwatson1]

Its a stop and reverse system so an opposing position is taken, I love general simple approaches

 

[Trader.Fighter]

Quote from wwatson1:

Its a stop and reverse system so an opposing position is taken, I love general simple approaches

One word, chop.

 

[wwatson1]

Yes its a choppy one

 

[abattia]

Quote from wwatson1:

50 ema and 200 ema golden and death cross, initial stop and ride till next cross and reverse, thats it.. any questions?

What timeframe? Your screenshot shows 4-hour... is that what you're using?

And what pairs are you working with? Screenshot shows GBPCAD ...

Thanks.