What do you guys think about EMA and SMA (Simple MA)? Which MAs do u use? Which is better?
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DislikedWhat do you guys think about EMA and SMA (Simple MA)? Which MAs do u use? Which is better?Ignored
DislikedI have also been working to improve how I trade breakouts. I am doing this by marking up where consolidation zones are and then being careful about where I place my entry and stop. In this case I left the daily EMAs (in dull colours) in place to show how they help highlight where consolidation or sideways movement is taking place. A concern here is that I am short USDCAD and long NZDCAD. It doesn't mean that this is wrong, but for CAD to be going up on one and down on the other means USD and NZD must be moving strongly enough to override. I will...Ignored
Disliked{quote} Had my eye on EU as well but learning from some of the other posts here made me realize that its near to a level of resistance in the market presently. Would you guys wait to see if it breaks before thinking of entering? {image}Ignored
DislikedI have also been working to improve how I trade breakouts. I am doing this by marking up where consolidation zones are and then being careful about where I place my entry and stop. In this case I left the daily EMAs (in dull colours) in place to show how they help highlight where consolidation or sideways movement is taking place. A concern here is that I am short USDCAD and long NZDCAD. It doesn't mean that this is wrong, but for CAD to be going up on one and down on the other means USD and NZD must be moving strongly enough to override. I will...Ignored
Disliked{quote} Yes, wait. Well done for being cautious on this one. The daily has a strong trend in place with just a small pullback happening now, so it might be that all we need is to wait for that pullback to resume upwards. {image}Ignored
Disliked{quote} HiAlistairC another question, so I've been demoing the strategy to get a feel of it, they say practice makes perfect. I don't know if that applies to forex though Based on your experiences how would you set your sl and tp if entered at this price? I know a couple of posts back you mentioned having a 100pip tp, would you also do something similar here? This is 1:1.5 ratio {image}Ignored
Disliked{quote}Assuming you entered on H4 on the short dotted line, the long dotted line is almost exactly 150 pips down. That's a logical target based on structure. {image}Ignored
Disliked{quote} Thanks, so I know we are trading primarily without indicators, I've started just glancing at my stochastic indicator (old habits) and realized that not only was it reaching a level of support but it was also overbought on the daily. So with that in mind I was expecting a possible retracement and it just tanked at that level. {image}Ignored
Disliked{quote} I challenge you to remove the Stochastic indicator! Take off those training wheels! So my other challenge is for you to remove those S/R lines and take another step towards cleaner charts. And finally ... can you guess what's coming next?Ignored
Disliked{quote} Challenge accepted, I'll start doing that going forward. Old habits die hard, and its been years using indicators but I'm willing to change to see success in trading I'm going out on a limb guessing this right here in the right hand corner... If not that then my second guess would be to move away from tradingview and primarily using mt4 to see pure price action.. {image}Ignored