Forex review


Hi Pluto2

Basically I have 3 profiles of essentially 3 different trading systems and use on to check antoher.

This first one is based on MACD,and Stochastic, with a few moving averages,

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If I traded only based on this system I would be using the 4h as my control, and trading on 1 hr chart, but with the red trend lines, this would indicate I should only take long trades on any shorter time frame and I should be more successful, I were to take short trades, I'd monitor the whole trade and keep stops tight with a small target, I did go short on this pair tonight for 20 pips.

! hour chart below

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I Also have Phillip Nels system loaded as a Profile

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Indications here are from 27/7 support was found at 200 day ma so only long positions are considered, neutral line failure today to change direction to short, paying more attention now as to trend changes, shorted the second move down, resistance at 21 ma

You can see we have not even got to Talatomi and both systems confirm the short trade I took today.

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From 24/7 until 30/7 short trades on 30 min only, like I said previously there are times when you may be able to take 10-20 pips going long, but you are against the trend.

30/7 until today long trades, confusion arises where there is conflict today weather one should be short or long. You would have made profit both ways by trading 2 lots banking profit and letting the second lot run.



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