Daryl

Mystic Many thanks for posting the chart of the GBP/CHF and also for the tip on the Monday pivot break - I will watch this. Mystic are you using daily pivots on the 5 min chart In terms of targets you enter on the 5 min but target a point near the 800SMA on the 15 min chart - is this right. While I realise that the 4Hr and daily charts are much longer TF's do they provide better surety of trades due to the longer TF ? Thanks again this approach is most helfpful Daryl

Hi Mystic Forex many thanks for your explanation and the chart also was most helpful. Be great to follow the chart over the next week to see how it progresses into a good trade. I note also your comment on the use of a "single timeframe' and imust admit this appeals to me as i am often confused by traders who talk about MTF when the trade has already gone through the initial stages on the lower TF by the time you see it on the higher TF. So a single TF is great. MysticFx are there better pairs to trade this ? thanks again

Hi Mystic I have read the thread with interest and would be most interested in looking at your methodology further - this might well be a good option to avoid some whipsaw experienced in my short term MA crossover strategy. Are you therefore able to explain the methodology in more detail. I note that the 62EMA>200SMA >800SMA is there a trigger ie an oscillator or something to trigger the trade entry ? Further, in regards to Timeframes do you feel that MTF is best or could we simply use one TF to see the trade setup amd manage the trade ?? Many thanks for your help Regards Daryl