Ok everybody...I am not trading yet....Im doing a whole lot of testing, reading, learning to be patient and also to stick to the principles. Im currently testing the Fib EMA....which by how looks to be an awesome system. . .According for the system, is there a trade utilizing the DAILY gbp/usd chart? . . .If so I see a lot of support at around 1.7800. It is likewise at a flag, this could probably be a good trade with the rest of this flag at the direction of this tendency that is to sell.
Again...I am not trading....but I'd like to know if what Im seeing is correct in my learning procedure.
Ah that is a great system, I took a few thoughts myself from it, but you still will need to use discretion - I believe, you can not just input when the MAs cross. The most essential thing is to remain with the fad. So yes, it resembles the daily trend is down, so short is how that you would go. However, if I were you I would wait until after the FOMC announcement of tomorrow.
Nicely....this GBP/USD commerce seems to be moving towards 1.7800 which is the upcoming major service....it has already broken the past low of 1.8126. Again can anybody allow me to know if they see what I am seeing....would this have been a good trade working with the http://www.muddbuddha.com/forum/viewtopic.php?t=17 system? Please advise me as to weather I'm understanding this.