First, im fairly new to the game and I would love to ask a query and exit and entrance egy, for discussion sake, GPB/USD.
Being that im quite new, and I have been reading about Sidus's egy and would love to find out whether my justifiion to go into a transaction is reliable or not.

The previous two weeks or so the trend for GPB/USD was bullish. With that in mind I have been studying 34 EMA's and the 18 on a 1 hour chart. In my conclusion I found that each and every time the price dropped below the EMA's it had rose above them and ultimatly increased in price. This is from just taking a look at the history. (I think this might be where the problem lies)

It would make sence to me that all I would have to do is buy beneath the EMA's and wait until the price rose above the EMA's and accept my profit(1 hour chart).

Simply to clearify the most important reason I feel this is a certain bet is because the trend for the previous two weeks or so was bullish. So when the price dropped, it would within time incline turning what could of been a short term trade to a long term trade.

I know I should be testing this with a demonion to figure out what good prevent losses would be, I wanted to find out what the amazing people atnigeriaforextradingthink to offer me some insite before I begin to test it or perhaps someone to clearly tel l me im wasting my time, in addition to theirs to them having read this.

Would the problem be that because the EMA's history, of what I've been looking at, also incorporates the near future prices? Its hard for me to imagine that could efect this egy.

Also, does anybody know any charting appliions that supports ahead testing? This would really help accellerate me learning all of this stuff that Forex has instore for me.

I appreciate any input. I will be checking in later tonight!

BTW my first few posts and definatly not my last posts here on FF. I hope you guys enjoy reading it as much as I enjoyed typing it!