If GBPJPY closes below 132.7 on the H4 chart, I will switch the parameters on the AME Cross Trader as follows...
shortMaBars=6
longMaBars=12
stopBars=6
When this happens, it will have moved below the 200 moving average, and dropped below the nearest support point, which usually indicates a freefall to the next support level, which in this case is around 127. That's a 500 pip freefall and I'm gonna capture as many of those pips as possible.
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5 comments:
Tony,
Do you mean a close below 133.70? You said 132.70.
You are correct. I meant 133.70. Sorry for the confusion.
Hi Tony,
Do you perhaps have a live forward trade account for 2009 to show us?
Have you been trading the EA live?
With which broker?
Thx,
Andre
he please send me d link for the facebook forex contest. checking on facebook I can't see it..
send it to eeuro23 at gmail.com
Here is the link to the facebook forex contest.
http://apps.facebook.com/forexchallenge/
Looks like I'm in 25th place right now. Not sure how many contestants there are though. A few hundred maybe.
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