thanks for the input.
this is only faster wave over slower wave. thats all. if it runs ok I will post the scrrenshots here.
the good thing is determining stop is very easy.
last support/resistance + 2 pips. for all time frames. you can set +5 pip for daily chart.
I had checked commodities stocks currucies. it is always doing the same thing. is it %100 ofcourse not. the action does not mean that will move further. if it can win the war buyers/sellers it will or fail.
on the other hand,
today I was thinking, like on friday afternoon, HOW PRİCE STARTS TO MOVE ONE DİRECTİON WITH ALL MOMENTUM AND STRENGTH? FX market is very deep!
market players are not dating on FaceBook and make a deal to move price one direction.
how this happens. If we can understand the logic then we can react according to that.
Steve, I was reading one guy at Oanda. He back tested 2 ema's against 3 and told 2 ema's show better results.