There is no Magic Moving Average - You need only one | Page 43 | Forex Factory

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There is no Magic Moving Average - You need only one

  • #841
  • Oct 14, 2019 4:45am Oct 14, 2019 4:45am
The second like it is NZDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.png Size: 25 KB
  • #842
  • Oct 14, 2019 4:55am Oct 14, 2019 4:55am
EURAUD H1 Price hit TP1 waiting for TP2 and TP3 all risk at BE+
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.png Size: 24 KB
  • #843
  • Oct 14, 2019 4:58am Oct 14, 2019 4:58am
AUDUSD H1
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 26 KB
  • #844
  • Oct 14, 2019 5:08am Oct 14, 2019 5:08am
Here is another pair on our radar (EURCHF H1) with pending sell orders
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF.png Size: 28 KB
  • #845
  • Edited 8:50am Oct 14, 2019 7:10am | Edited 8:50am
Here is another pair worth taking EURCAD H4
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.png Size: 26 KB
  • #846
  • Oct 14, 2019 11:00pm Oct 14, 2019 11:00pm
Hi Sepahram

Thanks for those charts - Im still learning this method but keep getting stopped out

i was wondering to see if you could show your charts from the higher time frame so i could see the analysis behind it ?

Regards
  • #847
  • Oct 14, 2019 11:16pm Oct 14, 2019 11:16pm
Quoting sepramfx
Good day traders, long time. My PC is back and now I am ready for the market here is my first trade I took NZDJPY there are more on the radar {image}
Welcome back. It's good to have you back. I really missed you and your insightful posts.
  • #848
  • Oct 15, 2019 1:48am Oct 15, 2019 1:48am
Quoting Pervaz
Hi Sepahram Thanks for those charts - Im still learning this method but keep getting stopped out i was wondering to see if you could show your charts from the higher time frame so i could see the analysis behind it ? Regards
In my subsequent post I will add the higher TF its very easy but that doesn't mean you won't get stopped out at times but even at that you will be profitable over time provided your MM is healthy
  • #849
  • Oct 15, 2019 1:51am Oct 15, 2019 1:51am
Quoting Stchijioke
{quote} Welcome back. It's good to have you back. I really missed you and your insightful posts.
Thanks a lot Chijioke I really appreciate it
  • #850
  • Oct 15, 2019 3:34am Oct 15, 2019 3:34am
You enter on a breakout the first time that makes a pullback below the moving average, so basically when you see that the price is turning and because is the first time it has a higher probability of success.

Let say that you miss that first pullback, do you wait until the price revisits the moving average, or you will enter into another breakout even if it has not visit the moving average.

If I remember correctly Andoseg2 mentioned that every time that there is a visit to the moving average is a trading opportunity but you should trade only the first 2 since later ones have less probability of success.

Is the above correct?
  • #851
  • Oct 15, 2019 4:25am Oct 15, 2019 4:25am
Quoting Frag8383
You enter on a breakout the first time that makes a pullback below the moving average, so basically when you see that the price is turning and because is the first time it has a higher probability of success. Let say that you miss that first pullback, do you wait until the price revisits the moving average, or you will enter into another breakout even if it has not visit the moving average. If I remember correctly Andoseg2 mentioned that every time that there is a visit to the moving average is a trading opportunity but you should trade only the...
Let say that you miss that first pullback, do you wait until the price revisits the moving average?
The probability of success diminishes so I go for only the first pull back

Andoseg2 mentioned that every time that there is a visit to the moving average is a trading opportunity but you should trade only the first 2 since later ones have less probability of success. Is the above correct?
That is correct but I settled for the first pull back
  • #852
  • Oct 15, 2019 4:32am Oct 15, 2019 4:32am
Thanks all clear

Great job
  • #853
  • Oct 15, 2019 6:49am Oct 15, 2019 6:49am
got in
  • #854
  • Oct 15, 2019 7:08am Oct 15, 2019 7:08am
Quoting Casiopea
got in
Welcome to the thread. I promise, you'll love all that Andoseg2 prepared here
  • #855
  • Oct 15, 2019 7:34am Oct 15, 2019 7:34am
Quoting Pervaz
Hi Sepahram Thanks for those charts - Im still learning this method but keep getting stopped out i was wondering to see if you could show your charts from the higher time frame so i could see the analysis behind it ? Regards
Let me use my EURUSD trade that triggered sell trade to explain. The first chart is the D1 followed by the H1
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_D1.png Size: 38 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.png Size: 31 KB

If you need further clarification please let me know
  • #856
  • Oct 15, 2019 10:58pm Oct 15, 2019 10:58pm
Hi

Thanks - i can follow the rationale now - its simple when you understand the hard part comes in the application
  • #857
  • Oct 17, 2019 1:53am Oct 17, 2019 1:53am
Hi, i have been read this thread since last week,

i attach EURJPY H4 chart below,
is my entry correct?

from what i learn from the past chart, the most reliable one is the H4 chart.
lower time frame chart sometimes make a false breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY H4 TREND MA30.JPG Size: 119 KB
  • #858
  • Oct 17, 2019 6:29am Oct 17, 2019 6:29am
AUDUSD LONG
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 17 OCT.JPG Size: 87 KB
  • #859
  • Oct 17, 2019 6:20pm Oct 17, 2019 6:20pm
Quoting Fx-ken
AUDUSD LONG {image}
problem for this chart is stop loss is too big.
  • #860
  • Oct 17, 2019 8:11pm Oct 17, 2019 8:11pm
Quoting dbsdsun
{quote} problem for this chart is stop loss is too big.
the stop maybe big in pips but the risk only 1% of my account,
in prefer to have a big stop loss rather then tight stop, but you got stop and then the market goes on your direction.
Bcaus in H1 / M30 / m15, you may have a faster entry and lower stop but the chance getting stop is higher.

for example H1 vs H4 EURUSD

H1 have 20 SL , H4 have 75 SL. in H1 you got stop and the the market goes your way.
but in H4 if your stop got hit, its a trigger that the market will goes the other way.
but it's back to your preference.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 VS H4.PNG Size: 41 KB
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