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  • #1,176,541
  • Jul 29, 2020 10:07am Jul 29, 2020 10:07am
Quoting suthmo
I don't hold any hope of price respecting my upper targets.
really....why
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  • #1,176,542
  • Jul 29, 2020 10:07am Jul 29, 2020 10:07am
I like your honesty there mate. But if you have such a problem, check your htf for directional clarity or predominant market condition. Besides, I suggest you let the price action confirm your indicator rather than the other way round. For example, if your RSI is bearish and the price action on the htf is still in a bullish mode, your RSI is only showing a correction; wait for it to align with the htf price action.

Trade safe and prosper.

KP

Quoting pgidia
{quote}...when of I take MA crossover Trade but RSI is not in my favour then surely I will be stopped out and then the movement starts so looking at other indicator just to be confident
Do your homework, follow the footprints of smart money
  • #1,176,543
  • Jul 29, 2020 10:13am Jul 29, 2020 10:13am
MA crossovers? Better success if you trade an htf MA crossover at an ltf; i.e. when you have an htf MA crossover, go to your lower (trading or entry) time frame and look for price action in alignment with your htf MA crossover. Note: Apologies to other members here, I don't want to turn this thread to a 'trading systems thread', but I believe that you can understand.

KP


Quoting pgidia
{quote}...I take MA crossover Trade...
Do your homework, follow the footprints of smart money
  • #1,176,544
  • Jul 29, 2020 10:18am Jul 29, 2020 10:18am
Getting close to FOMC.. eu sitting at the resistant. How I am seeing it now is a spike to 1.18xx and then drop or a spike down to 1.173x and then drop... this looks like the move that happen last month that gave me 40pip in a second and take it away in a second. But I will keep the same strategy. Last minute trade. Gl to you guys.
This is my call on fomc, I trade this on hand last minute so I can really share signal but I will share my outcome positive or negative. Wish me luck guys. And hope those who trades after get on the right train, and those who is holding it over fomc make it out alive.
Trade what you see, take what the market gives you.
  • #1,176,545
  • Jul 29, 2020 10:20am Jul 29, 2020 10:20am
Quoting VuLe
Getting close to FOMC.. eu sitting at the resistant. How I am seeing it now is a spike to 1.18xx and then drop or a spike down to 1.173x and then drop... this looks like the move that happen last month that gave me 40pip in a second and take it away in a second. But I will keep the same strategy. Last minute trade. Gl to you guys. This is my call on fomc, I trade this on hand last minute so I can really share signal but I will share my outcome positive or negative. Wish me luck guys. And hope those who trades after get on the right train, and those...
or will nothing happend at all..as this is ussual in last time...
  • #1,176,546
  • Jul 29, 2020 10:21am Jul 29, 2020 10:21am
Quoting VuLe
{quote} disagree. I had many calls correctly and “many” of it are from Indicators.
Indicators get the data from the charts. Not the other way around. When the indicators shows the move up or down, it is too late. If you are using bollingers or MA's that is just to see where support/resistance is. But it is still better to draw your own. Less confusion, and looking at indicators can lead you to make bad moves.
  • #1,176,547
  • Jul 29, 2020 10:22am Jul 29, 2020 10:22am
I use options volume, volatility and open interest with price action support, resistance and supply with demand. I also use an ma, but I forget it exists on my chart, because I focus on price action.

When it comes to trading you need to have information that gives you confidence, so anything you use in your chart, you must know it upside down, even if, it is RSI or, a simple ma.

Learn very well what you are using and don't let it out of your chart, always look at your analytics (take notes) and do your homework again and again until you master it.
Looking for profitable short term trades ...|
  • #1,176,548
  • Jul 29, 2020 10:23am Jul 29, 2020 10:23am
Quoting VuLe
Anyone anyone?? heading to 1.18xx then drop on fomc. Thats what I see. {image}

close all trade... 1.1754/55 —> 1.1779
2lots
Trade what you see, take what the market gives you.
  • #1,176,549
  • Jul 29, 2020 10:25am Jul 29, 2020 10:25am
Quoting Techanalyst
{quote} Indicators get the data from the charts. Not the other way around. When the indicators shows the move up or down, it is too late. If you are using bollingers or MA's that is just to see where support/resistance is. But it is still better to draw your own. Less confusion, and looking at indicators can lead you to make bad moves.

this is why I disagree. Depending on how you use the indicator... I look at weekly, when new bollingerband open up north on Sunday.. I can see the rest of the week is an uptrend. Automatically buy buy buy.
Trade what you see, take what the market gives you.
  • #1,176,550
  • Jul 29, 2020 10:28am Jul 29, 2020 10:28am
Quoting pgidia
{quote} I am using MA to identify Demand And Supply Zone However many time Trade went against me mostly. Now I have starting to add more indicators to identify if I am wrong in taking trade
You can't use MA's to identify supply/demand, impossible, it will give you false signals. Here is weekly AUDJPY demand zone imbalance created meaning advice is to only buy even on the pullbacks. You can also see supply zone imbalace where the price will possibly go. Another one is the same, but added trend line. The other one is with three demand zones, where it shows you can enter buy on pullbacks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPY.....Weekly.png Size: 48 KB
Click to Enlarge Name: AUDJPY.....Weekly(2).png Size: 51 KB
Click to Enlarge Name: AUDJPY.....Weekly(3).png Size: 49 KB
  • #1,176,551
  • Jul 29, 2020 10:32am Jul 29, 2020 10:32am
So much stress here today!
Inserted Video
Founder of Sutherland Wave Principle
  • #1,176,552
  • Jul 29, 2020 10:34am Jul 29, 2020 10:34am
Quoting KeenPips
MA crossovers? Better success if you trade an htf MA crossover at an ltf; i.e. when you have an htf MA crossover, go to your lower (trading or entry) time frame and look for price action in alignment with your htf MA crossover. Note: Apologies to other members here, I don't want to turn this thread to a 'trading systems thread', but I believe that you can understand. KP {quote}
Thanks for guidance will definately try and improve
PaRaM
  • #1,176,553
  • Jul 29, 2020 10:40am Jul 29, 2020 10:40am
Quoting KeenPips
MA crossovers? Better success if you trade an htf MA crossover at an ltf; i.e. when you have an htf MA crossover, go to your lower (trading or entry) time frame and look for price action in alignment with your htf MA crossover. Note: Apologies to other members here, I don't want to turn this thread to a 'trading systems thread', but I believe that you can understand. KP {quote}
need more....thanks for sharing!
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  • #1,176,554
  • Jul 29, 2020 10:41am Jul 29, 2020 10:41am
Quoting pridolfx
{quote} or will nothing happend at all..as this is ussual in last time...
supposed to be low to no impact....time will tell
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  • #1,176,555
  • Jul 29, 2020 10:42am Jul 29, 2020 10:42am
EURUSD just broke resistance 1.1780.
  • #1,176,556
  • Jul 29, 2020 10:44am Jul 29, 2020 10:44am
I am making a coffee
  • #1,176,557
  • Jul 29, 2020 10:46am Jul 29, 2020 10:46am
Sold 1785 same lot ,same targets . Let's see what day end is going to show
  • #1,176,558
  • Jul 29, 2020 10:46am Jul 29, 2020 10:46am
He is learning lol.

KP
Quoting Techanalyst
{quote} You can't use MA's to identify supply/demand, impossible, it will give you false signals....
Do your homework, follow the footprints of smart money
  • #1,176,559
  • Jul 29, 2020 10:47am Jul 29, 2020 10:47am
Quoting SashaP
Sold 1785 same lot ,same targets . Let's see what day end is going to show
I do agree with you here. I think when news come, this will have a bearish reaction, but long term it will keep going up. Just my opinion. Trade safe.
  • #1,176,560
  • Jul 29, 2020 10:52am Jul 29, 2020 10:52am
There is nothing wrong with using indicators. Some indicators are very helpful. This is a fact, not an opinion.
Learn from your mistakes and march on.
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