Dislikedi personally dont trade chf i use but the 4 pairs that i use seem to move the most especially gbpjpy thats my personal key to the mintIgnored
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Dislikedi personally dont trade chf i use but the 4 pairs that i use seem to move the most especially gbpjpy thats my personal key to the mintIgnored
Dislikedi personally dont trade chf i use but the 4 pairs that i use seem to move the most especially gbpjpy thats my personal key to the mintIgnored
Dislikedthose entries are correct on 1 hr chart but was there a signal on daily chart for all those pairs if not thats a single frame indicator trade with no direction from larger timeframe to find mondays trade you look at daily on fridayIgnored
Dislikedon this trade its the high of the candle i entered on which is 30 pips gbpjpy usually same thing or 50 as a safe guard these currencies flucuate quite a bit so dont let that rattle youIgnored
DislikedHarold, you should know better than this:
What is a "system" w/o the main ingredients:
Stop losses and WHY they're chosen at that location/price;
Profit taking areas and WHY they're chosen.
Not trying to be hard here just that these forums have evolved so much more than the ole "Hey - look at my system - it can get you numerous pips. OH, I'm now live and it's losing me 13 out of 14 trades. Hmmm.... oh a stop loss ....oh where do I get out now that it went 49 pips (NOT 50) and is now reversing on me". These are really the areas traders should be looking at to become a better trader - not where to enter.
If you spend a week on these forums, you should be able to find AT LEAST 100 "systems" that can get you 50 pips an entry.
If you readers out there digest this info, it'll save you the hardships many of us went through.
Good trading/Good luck to all,
ktIgnored
DislikedHi harold
I modified an indicator for alerting the cross with an arrow...
regards
kevin
PS...i mis-spelled crossover...lolIgnored
DislikedThanks kev...Makes for a very pretty picture and very clean easy to read charts....aaah the simple approach, I always love them. Mixed with a bit of good old fashioned patience, I have found simple moving average systems to be one of the best ways to catch swing trades within a channel (4 hour, 1 hour timeframes) with some that become nice position trades in the longer daily time frame.
When using moving averages, multiple timeframe trading is certainly the way to go. Harold4x is right on when suggesting the use of Daily and 1 hour charts. It should improve timing on entries and filter out some of the whipsaws. I personally also use a 4 hour timeframe as well. This is just a personal preference as I have been trading a three screen setup since my initial foray into Forex and so it is familiar teritory. I use it mainly to identify where price is in relation to its channel. Thats what swing traders basically do--- trade the channel (preferably in a trend friendly direction). For me, a three screen moving average system has been pretty well ideal.Ignored
DislikedThanks kev...Makes for a very pretty picture and very clean easy to read charts....aaah the simple approach, I always love them. Mixed with a bit of good old fashioned patience, I have found simple moving average systems to be one of the best ways to catch swing trades within a channel (4 hour, 1 hour timeframes) with some that become nice position trades in the longer daily time frame.
When using moving averages, multiple timeframe trading is certainly the way to go. Harold4x is right on when suggesting the use of Daily and 1 hour charts. It should improve timing on entries and filter out some of the whipsaws. I personally also use a 4 hour timeframe as well. This is just a personal preference as I have been trading a three screen setup since my initial foray into Forex and so it is familiar teritory. I use it mainly to identify where price is in relation to its channel. Thats what swing traders basically do--- trade the channel (preferably in a trend friendly direction). For me, a three screen moving average system has been pretty well ideal.Ignored