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  • #61
  • Sep 21, 2021 8:30pm Sep 21, 2021 8:30pm
The EurChf levels are correct as you highlighted. Long setup.
  • #62
  • Sep 21, 2021 8:34pm Sep 21, 2021 8:34pm
Quoting Erebus
What are the active signals / charts for today? Can you show the EURCHF, please? {image}
All the active Signals for today are shown in the trade explorer. Some reworked like GbpAud some new like EurUsd.
  • #63
  • Sep 21, 2021 9:15pm Sep 21, 2021 9:15pm
Quoting bpola
The EurChf levels are correct as you highlighted. Long setup.
But... clearly, the MA's have crossed, so 5 EMA is under 10 EMA, does your chart show different?

4. ENTRY RULES
TO BUY:
* 5EMA >10EMA
* Daily bar must form a lower low
*Look to buy on resumption of the bullish trend.
MAY THE TREND BE WITH YOU
  • #64
  • Sep 21, 2021 9:31pm Sep 21, 2021 9:31pm
Quoting Erebus
{quote} But... clearly, the MA's have crossed, so 5 EMA is under 10 EMA, does your chart show different? 4. ENTRY RULES TO BUY: * 5EMA >10EMA * Daily bar must form a lower low *Look to buy on resumption of the bullish trend.
My charts match yours... and I too see a SHORT setup applying rules suggested by OP. But the OP seems to be on a LONG setup (might have been a mistypo from his side)
.
  • #65
  • Sep 21, 2021 9:34pm Sep 21, 2021 9:34pm
Quoting Erebus
{quote} But... clearly, the MA's have crossed, so 5 EMA is under 10 EMA, does your chart show different? 4. ENTRY RULES TO BUY: * 5EMA >10EMA * Daily bar must form a lower low *Look to buy on resumption of the bullish trend.
The MAs did not cross at the close of the 21/9 daily.
You are watching the 22/9 daily bar which has not closed.
Only fully formed /closed daily bars are used to analyze the charts.
Daily bars that are still formed are watched but not used to generate signals.
Hope this makes the methodology clear.
  • #66
  • Sep 21, 2021 9:36pm Sep 21, 2021 9:36pm
Daily bars still in formation are not used to generate signals.
They are only watched to process the payment.
  • #67
  • Sep 21, 2021 9:44pm Sep 21, 2021 9:44pm
Quoting bpola
{quote} The MAs did not cross at the close of the 21/9 daily. You are watching the 22/9 daily bar which has not closed. Only fully formed /closed daily bars are used to analyze the charts. Daily bars that are still formed are watched but not used to generate signals. Hope this makes the methodology clear.
But the day of 21 is closed, so of course, I am watching the price action of 22, is there an alternative?

Does it seem that you are saying to wait another day to check if the MA is crossed?

I don't get the logic, please post a chart so that we may see what you are seeing.

You don't seem to be very motivated to provide a daily list of signals for any followers.

And your explanations are lacking information and content.

I may not be here much longer if I don't see any value.

Cheers
MAY THE TREND BE WITH YOU
  • #68
  • Sep 21, 2021 9:51pm Sep 21, 2021 9:51pm
Quoting Erebus
{quote} But the day of 21 is closed, so of course, I am watching the price action of 22, is there an alternative? Does it seem that you are saying to wait another day to check if the MA is crossed? I don't get the logic, please post a chart so that we may see what you are seeing. You don't seem to be very motivated to provide a daily list of signals for any followers. And your explanations are lacking information and content. I may not be here much longer if I don't see any value. Cheers
This is the EurChf daily chart with the MA values for 21/9.
You can see that the MAs did not cross down.
The current bar is still forming We must wait for me close to confirm the developing down cross. Ok
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20210922-034757.png Size: 82 KB
  • #69
  • Sep 21, 2021 9:58pm Sep 21, 2021 9:58pm
Attaining proficiency in trading takes time and effort. You need to watch hundreds of charts to internalize the concepts. Give yourself 90 trading days to study, watch and practise with PIPSACUMULATOR system to gain a good understanding of the concepts.
Wishing you all the best in your journey.
  • #70
  • Sep 21, 2021 10:09pm Sep 21, 2021 10:09pm
GbpChf Fresh down cross on 21/9. But there is no higher high tt generate our entry level l. So we wait and continue to watch this.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20210922-040450.png Size: 82 KB
  • #71
  • Sep 21, 2021 10:20pm Sep 21, 2021 10:20pm
Quoting Erebus
{quote} But the day of 21 is closed, so of course, I am watching the price action of 22, is there an alternative? Does it seem that you are saying to wait another day to check if the MA is crossed? I don't get the logic, please post a chart so that we may see what you are seeing. You don't seem to be very motivated to provide a daily list of signals for any followers. And your explanations are lacking information and content. I may not be here much longer if I don't see any value. Cheers
I have been using a similar method for a while now and the simple answer is closed candles are CLOSED and will not change. Current candles can and will sometimes go from one extreme to the other, so whatever it shows now may be fleeting. Of course after closing the next candle could possibly reverse but if your take profit level is reasonable it likely, more often than not, will be reached, although I would not trade before red news.

Another filter could be when the obvious higher time frame trend is clear take the trade upon break of the hi/lo candle. If trying to catch a trend change only take a CLOSE above/below the hi/lo.
  • #72
  • Sep 22, 2021 12:52am Sep 22, 2021 12:52am
Quoting Erebus
{quote} But the day of 21 is closed, so of course, I am watching the price action of 22, is there an alternative? Does it seem that you are saying to wait another day to check if the MA is crossed? I don't get the logic, please post a chart so that we may see what you are seeing. You don't seem to be very motivated to provide a daily list of signals for any followers. And your explanations are lacking information and content. I may not be here much longer if I don't see any value. Cheers
I think OP doesnt understand what we mean to say. Let me be more specific

1) Is EURCHF in short setup? As I can see the cross has already happened last candle i.e on 21-09
2) Now we wait for HH to form for the entry setup?

I am right on these two counts?
.
  • #73
  • Sep 22, 2021 3:00am Sep 22, 2021 3:00am
Quoting max pain
{quote} I think OP doesnt understand what we mean to say. Let me be more specific 1) Is EURCHF in short setup? As I can see the cross has already happened last candle i.e on 21-09 2) Now we wait for HH to form for the entry setup? I am right on these two counts?
I guess, very technically, the cross didn't happen DURING yesterday's data

And, possibly, today might reverse back higher

Therefore, play along, wait and see

MAY THE TREND BE WITH YOU
  • #74
  • Sep 22, 2021 3:26am Sep 22, 2021 3:26am
Quoting max pain
{quote} I think OP doesnt understand what we mean to say. Let me be more specific 1) Is EURCHF in short setup? As I can see the cross has already happened last candle i.e on 21-09 2) Now we wait for HH to form for the entry setup? I am right on these two counts?
In EURCHF there is no higher high as of yet (page 1). How is this short set up forming in your opinion?
Attached Image (click to enlarge)
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  • #75
  • Sep 22, 2021 4:01am Sep 22, 2021 4:01am
When D1 closed yesterday, 5EMA>10EMA which means still long setup as price did LL, so you need to put a pending stop buy order at High price + 3pips. Today, check your chart at the close of daily bar, if 5EMA<10EMA and your buy order not executed, then cancel the stop buy order, wait for HH for short order. Simple. You don't need to know what 5EMA or 10EMA is doing during the day.

Regards,
Blackeagle
  • #76
  • Sep 22, 2021 4:01am Sep 22, 2021 4:01am
Quoting BataviaTrade
{quote} In EURCHF there is no higher high as of yet (page 1). How is this short setup forming in your opinion? {image}
Quite simply, IF condition of Moving Average crossover remains valid, then observe for a higher high

That is "forming" possibly

And that's what he wrote; are you seeing something different?

Cheers
MAY THE TREND BE WITH YOU
  • #77
  • Sep 22, 2021 4:18am Sep 22, 2021 4:18am
Quoting Erebus
{quote} Quite simply, IF condition of Moving Average crossover remains valid, then observe for a higher high That is "forming" possibly And that's what he wrote; are you seeing something different? Cheers
Agreed. MA has crossed so far. Waiting for a HH.
  • #78
  • Sep 22, 2021 4:45am Sep 22, 2021 4:45am
My observation of the entry condition of 1-pip is that I find that in my experience, that is too small of a tolerance.

In no way do I mean this as a criticism of the method; I reckon it works fine.

But I have seen time and time again, trades can be triggered only a few pips beyond a day that has just closed, and then totally reverse.

This is not a problem if the trend is strong enough to continue the trend later on in the day.

My criteria would usually be a percentage of the ADR as each pair is different or a lower time frame close beyond low or high price.

As you can see, the current GBPAUD position is not performing well, but who knows, after FMOC that could change quickly.

On my broker, I don't think it is even 1-pip, and then you have wide spreads at rollover times as well,

depending on how soon after 5 pm New York daily close that you place the pending orders

Good luck.

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-09-22_19-41-34.jpg Size: 258 KB
MAY THE TREND BE WITH YOU
  • #79
  • Sep 22, 2021 4:46am Sep 22, 2021 4:46am
Quoting Erebus
{quote} Quite simply, IF condition of Moving Average crossover remains valid, then observe for a higher high That is "forming" possibly And that's what he wrote; are you seeing something different? Cheers
Ditto that
.
  • #80
  • Sep 22, 2021 5:15am Sep 22, 2021 5:15am
Just open up your data window in MT4 or MT5 and compare the 5 vs 10 MAs thereby confirming if there is a cross or not. Different brokers have slightly different prices and thus the EMAs although it shouldn't vary much compared to what time your broker starts the new day at.
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