Posted by rgoodwin on 23rd of Oct 2008 at 11:53 am
Michael - amazing eh? but the confirmation keeps you safe. I
don't think you would take too much pain if you were to enter on a
cross, but if one is going to trade by strategy, then one should
stick to it. That's why I personally want the markets to hold up in
this range or even puch back up again, to give the EMA's time to
get close to each other, then cross, and give us the trade signal.
For example, if we turned down here, DXD 15 min would give you a
cross, but because the last LE was yesterday, I don't think you'd
get a second one. So then you have to manually enter the trade.
robin - don't know what you mean - looking at DXD now it
crossed down at 11:00 and is trying to confirm for five
candles now -- So if DXD crosses back up, why would there not
be a confirming candle as usual?
To try crosses without a ccofirming candle, try matt;s 18 -
24. It crosses later than the 7 - 21 but get you in a little
earlier without the confirmation.
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Michael - amazing eh? but
DDM confirming
Posted by rgoodwin on 23rd of Oct 2008 at 11:53 am
Michael - amazing eh? but the confirmation keeps you safe. I don't think you would take too much pain if you were to enter on a cross, but if one is going to trade by strategy, then one should stick to it. That's why I personally want the markets to hold up in this range or even puch back up again, to give the EMA's time to get close to each other, then cross, and give us the trade signal. For example, if we turned down here, DXD 15 min would give you a cross, but because the last LE was yesterday, I don't think you'd get a second one. So then you have to manually enter the trade.
robin - don't know what
Posted by Michael on 23rd of Oct 2008 at 12:03 pm
robin - don't know what you mean - looking at DXD now it crossed down at 11:00 and is trying to confirm for five candles now -- So if DXD crosses back up, why would there not be a confirming candle as usual?
To try crosses without a ccofirming candle, try matt;s 18 - 24. It crosses later than the 7 - 21 but get you in a little earlier without the confirmation.