Simple's Green Room

[pennies2007]

AU Hourly COG Test

I tried the 5 minute time frames but I didn't have as much luck so I went back to only 15 minute and above. This is an AU hourly. Again, had to run it ahead a good bit to get the larger COG to show up.

When both were headed in the same direction, I just waited for price to get back to the median intersection and went long. But in pretty much every case after that, price pulled back to test the lower green line in the smaller COG before it took off north.

But it tested successfully and headed up. Again, my target was the upper band in the larger COG. I had to keep moving my TP up as price action kept moving up and eventually price caught up with it.

56 pips profit on this one. So far, every pair I've tried and every time frame 15 minute and above responds well to the 200 and 2 settings for the big COG and 50 and 2 for the smaller one.