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Important Update

April 17, 2008

Hello Friends,

Few days back I mentioned reconsidering 200SMA filter rule and now I am convinced that we can relax this rule a bit specially in times when most pairs are trending against the established trend. So here is what I recommend:

1. Wait for AC to cross “0″ line.
2. Go down to 4hr and 1hr to see if you still see AC and Stot in the same direction.
3. Risk less percent of equity for trades against the trend.

I would welcome your ideas and thoughts on this. I’ve opened up a new thread here.

Cheers,
Oz
P.S. Thanks for “pipkidnapper” and “forexnoob” for their suggestions.

Written by OzFx · Filed Under Updates