by luciana » Thu Dec 22, 2011 10:31 am
Thank you very much. I use it in 5 minutes TF, 27-30 pips from 20 MVA and MML for a fast reward of minimum 10-25-30 pips in a few minutes. (attn!!! it is a move against the trend,though) when the price falls/rises fast; actually it is a correction but it is a fast move. Used with MML could alert in fact a price reversal and the reward could be much larger. TP: 20MVA initially, SL according to MML. Additional confirmation for price reversal is up to each individual but MML very important (i.e.RSI 6, MVA 6, BB (18,2)-all in one area below the chart: sell/buy when RSI is bellow/above MVA and the BB's middle line, respectively)
(MA distance signal could be also used with 200 MVA and MML-the settings slighly different)
Thanks again.