New in my basced today i hope will go well to much rejection out there
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DislikedNew in my basced today i hope will go well to much rejection out there {image}Ignored
DislikedNew in my basced today i hope will go well to much rejection out there {image}Ignored
Disliked{quote} Hi netas369, not sure I got you right. Do you mean buying AUD against CHF? It looks the former uptrend has lost all its momentum and that we could soon see a reversal {image} {image}Ignored
DislikedIf this pair will continue the movement, probably will be pretty nice signal, it has aaa lot of space to move up {image}Ignored
He meant that line should be after signal candle close ? But it sounds kinda dumb, because ma is lagging indicator, so it shouldn't change anything just make entry later
Dislikedand I have one question about this part (Updated on 17-Dec-2016) Long - SMA line in upward direction Short - SMA line in downward direction Ignore - Flat SMA line He meant that line should be after signal candle close ? But it sounds kinda dumb, because ma is lagging indicator, so it shouldn't change anything just make entry laterIgnored
DislikedNo I think you are correct. That entry looks as good as any. Watching the SMA slope is easy afterward but at the time of reversal, which is essentially this type of trade, the SMA will look questionable. Been watching this method since the start. I am tending to believe what Oddborg said. It's like watching paint dry but "it works". Thanks to all who have kept it alive and for BK8's patience in explaining it all.Ignored
DislikedIsn't this strategy was used only take trades when candle clearly crosses both Ma 5,0 and 5,3 ? Looks good to meIgnored
Disliked{quote} Hi netas369, why can't you keep it simple but in no way stupid? sma 5,3 has been abandonned as was already largely commented. This thread is getting heavy now and no one could expect any trader to read it all. Bk8 did all he could to keep it clear and simple, all you have to do is just read and apply what is in post nr.1 which was updated in due time by its author. I can't understand traders saying they can't make money with it, it is so simple! If they fail they should in my opinion not question the strategy but the trader, his/her probable...Ignored
DislikedFilipo!, The entry for AUDCHF looks OK to me. You say no but no explanation. There is no previous sideways movement. Yes SMA5 shift 0 has been in use for a long time. This is the MA being used. Maybe you can explain why you would not take the trade. Especially with that pin poking up screaming reversal? MikeIgnored
Disliked{quote} mikeh3855, again please do your homework, read, re-read and re-read post nr.1 . Then it will be crystal clear that it is not a good entry. Why? You have a bearish candlestick crossing the sma 5,0 BUT this latter is NOT pointing downward (yet). Maybe it will after today's close then you can enter. Patience is important before entering and before closing.Ignored