There is no Magic Moving Average - You need only one | Page 31 | Forex Factory

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There is no Magic Moving Average - You need only one

  • #601
  • Edited Dec 7, 2021 12:34pm Jun 18, 2019 1:39am | Edited Dec 7, 2021 12:34pm
Dear { personal information deleted by staff, per request } information you provided definitely helping other including me as far as those eager to learn inexperienced new thing then proper testing and implement also you are very kindhearted Thank you for your knowledge :-)

I did some work can you help me out please
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  • #602
  • Jun 18, 2019 5:49am Jun 18, 2019 5:49am
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  • #603
  • Jun 18, 2019 7:33am Jun 18, 2019 7:33am
Do you remember this GBPJPY?
What it was
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What it is
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  • #604
  • Jun 18, 2019 7:40am Jun 18, 2019 7:40am
Quoting andoseg2
{quote} Hi Harry, As I said, I use a Moving Average depending on the timeframe I am looking at for the formation of consecutive bars. When you look at consecutive bars, you don't have a clear image of where supply and demand is released. For achieving this goal, you shall switch to a lower timeframe where the swings Higher Highs & Higher Lows appear more clear . Because you have consecutive bars as trading activity over some specific period, then you want to look at what happen inside this trading activity. For example you hav 3-5 green bars each...
it very insightful but i have similar issue Andrei brother my doubt is whether we have to taken consideration 3 bar in daily or it's in daily time frame so consider daily (i.e 72*H1=3D or i should take 24*H 1=1 D for one day)
  • #605
  • Jun 18, 2019 1:38pm Jun 18, 2019 1:38pm
NZDUSD Warning sign

When post accepted by moderator at that time most probably we will in retest phase at MA
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  • #606
  • Jun 19, 2019 1:33am Jun 19, 2019 1:33am
Quoting Prabhu16
NZDUSD Warning sign When post accepted by moderator at that time most probably we will in retest phase at MA {image}
BUYING this pair is a bit dangerous right now. I will be looking for opportunity to SELL not BUY recall, the trend is your friend. Let the Big boys take the lead , and then you follow their footprint.
  • #607
  • Jun 19, 2019 1:52am Jun 19, 2019 1:52am
Quoting sepramfx
{quote} BUYING this pair is a bit dangerous right now. I will be looking for opportunity to SELL not BUY recall, the trend is your friend. Let the Big boys take the lead , and then you follow their footprint.
can you show me please which trading period / time frame you watching for buy confirmation higher high higher low or something else i'm training myself with this system since Sunday
  • #608
  • Jun 19, 2019 2:34am Jun 19, 2019 2:34am
Quoting Prabhu16
{quote} can you show me please which trading period / time frame you watching for buy confirmation higher high higher low or something else i'm training myself with this system since Sunday
I appreciate your humble nature, but let me remind you that I am also a learner. Andoseg2 is the CEO here. I use Weekly/4H configuration and Daily/1H configuration
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  • #609
  • Jun 19, 2019 4:17am Jun 19, 2019 4:17am
Quoting sepramfx
{quote} I appreciate your humble nature, but let me remind you that I am also a learner. Andoseg2 is the CEO here. I use Weekly/4H configuration and Daily/1H configuration{image}{image}
Thank you for your kind respond sepramfx brother Yes , i agree with you Andrei brother is our mentor but i respect every once unique experience also he will be very happy when he see you helping other like him. I believe strongly If we make mistake he will step in and correct us.

By the way You once again remaining me Post#114 concept. Also you using Daily 20 MA i.e one month and for H4 30 MA i.e One Week identification .
If i'm grab you correctly you saying in Daily downtrend & H4 (30MA) it's getting rejected also it supported by daily pressure so we suppose to look sell only not buy unless until we get Higher high higher low sequence
  • #610
  • Jun 19, 2019 5:14am Jun 19, 2019 5:14am
Quoting sepramfx
{quote} I appreciate your humble nature, but let me remind you that I am also a learner. Andoseg2 is the CEO here. I use Weekly/4H configuration and Daily/1H configuration{image}{image}

Are you waiting till price after run though MA test it on the other side ?
  • #611
  • Jun 19, 2019 7:09am Jun 19, 2019 7:09am
@Prabhu16 if you are using Weekly/4H configuration, then use 30SMA on 4H, if you are using Daily/1H configuration use 24SMA on 1H but if you are using 2days/1H configuration use 48 SMA on 1H which is equivalent to 50SMA
@Mickloko yes its look like the figure below
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  • #612
  • Jun 19, 2019 7:55am Jun 19, 2019 7:55am
Quoting sepramfx
@Prabhu16 if you are using Weekly/4H configuration, then use 30SMA on 4H, if you are using Daily/1H configuration use 24SMA on 1H but if you are using 2days/1H configuration use 48 SMA on 1H which is equivalent to 50SMA @Mickloko yes its look like the figure below{image}
Thank you sepramfx brother I have question regarding setup how you filter out bad vs good one
also regarding NZDUSD price action is not quite healthy in terms of breakout if i'm seeing anything wrong help me out
  • #613
  • Jun 19, 2019 1:27pm Jun 19, 2019 1:27pm
Sorry I couldn't reply you all this while as I was away from my PC right now I just checked the chart on line and found out that the trade was a loser. No big deal though as one can't be right at all time. I just hope I don't mislead anyone here.
Concerning your question the only way I filter my entry is through the top down analysis
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  • #614
  • Jun 19, 2019 11:11pm Jun 19, 2019 11:11pm
Quoting sepramfx
Sorry I couldn't reply you all this while as I was away from my PC right now I just checked the chart on line and found out that the trade was a loser. No big deal though as one can't be right at all time. I just hope I don't mislead anyone here. Concerning your question the only way I filter my entry is through the top down analysis{image}
you perfectly doing good thing not at all mislead i learned first thing in trading take responsibility(i.e Mastering risk handling and Master to Loss on time ) not to blame other.
Good Morning sepramfx brother
  • #615
  • Jun 20, 2019 4:40am Jun 20, 2019 4:40am
EURGBP expecting further one more drop
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  • #616
  • Jun 20, 2019 6:04am Jun 20, 2019 6:04am
Quoting Prabhu16
EURGBP expecting further one more drop {image}
Trade cancelled & BE
  • #617
  • Jun 20, 2019 6:55am Jun 20, 2019 6:55am
Quoting Prabhu16
EURGBP expecting further one more drop {image}
The first bounce carry always the highest winrate. Consecutive bounces have diminshed odds for success so it's better to avoid them.
Money moves the market, not an indicator.
  • #618
  • Jun 20, 2019 9:48am Jun 20, 2019 9:48am
Quoting andoseg2
{quote} The first bounce carry always the highest winrate. Consecutive bounces have diminshed odds for success so it's better to avoid them.
sure i will take this in action Brother
  • #619
  • Jun 20, 2019 10:27am Jun 20, 2019 10:27am
Good day traders here is my humble summit on GJ
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  • #620
  • Jun 20, 2019 11:26am Jun 20, 2019 11:26am
Quoting sepramfx
Good day traders here is my humble summit on GJ{image}
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