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Attachments: Daily Chart w/ 10sma
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Daily Chart w/ 10sma

A couple of trades I am in with s/l already in place so they will be a small winner regardless of what happens.
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Here are a couple more trades I am in. Because JPY will do more QE in there future I will hold the AUD/JPY trade for a while, long term trade. Not sure how the EUR/USD will work out but feel good about it at this point.
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To anyone that may be reading this I can not express enough the importance of always having a stop loss in place. There are always things going on in this world or speeches being made that we are unaware of. These things can greatly impact the forex market and change things very quickly. Do not allow yourself to wake up one morning and find yourself down in a trade 400 or 500 pips!! Always have a stop loss!!
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I am out of eur/usd trade with a few pips. I will stay in the aud/jpy trade but there is a lot of Aussie news tonight that is high impact. I have my stop loss set and may get kicked out. If I do I will look at it again tomorrow.

Please feel free to post ,ask questions, and become active in this thread. Thanks
Please ask questions and share your experiences with us all!
Quoting bkg102665
I am out of eur/usd trade with a few pips. I will stay in the aud/jpy trade but there is a lot of Aussie news tonight that is high impact. I have my stop loss set and may get kicked out. If I do I will look at it again tomorrow. Please feel free to post ,ask questions, and become active in this thread. Thanks
I did get knocked out of aud/jpy trade with a small profit. I will look at it tomorrow and see if there is a trade after tonights high impact announcement by AUD.
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I am now in no trades. Stop loss got me on all of them

Election day here in the USA. No trading today for me.
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I did jump in a couple of trades yesterday once it seemed the elections may be headed toward a win for most republicans. Stop loss are in place so they will be winners regardless of the movement today. Take profit has not been set. I will just keep a check on it and take it out when the time seems right.
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Not sure anyone is still hanging around this thread but just wanting to get it revived. The trade still works and I am always trying to figure out how to make it better and more reliable. If you are interested in trading along with me on this very simple system please reply back and let me know there is still some interest here. Thanks and trade well!!
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These days I really only trade five pairs: usd/jpy, eur/jpy, eur/usd, gbp/jpy, and gbp/usd. This system will work on most any pair but seems to work better with the pairs that have a more consistent trend. If you try this on a volatile pair you will not see as much success.
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I got out of a GBP/USD short trade last night due to it being close to an all time low. This is just my opinion but I would certainly not be looking to short GBP/USD here. I will be looking for a signal to take it back long and that may take a while to set up, BE PATIENT! Please be reminded all my comments are based off of what I see on the daily charts.
EUR/USD is sitting at a resistance area as well as a daily trend line area that started on December 1, 2015 so it may be going back long also, only time will tell!
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I decided to go long on the eur/usd.
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The 10SMA is still my favorite trade working off support and resistance areas and now I have added a MACD to try and help me make better decisions. I would really like to get this thread back going again say please jump on board and subscribe to the thread and post your trades. I will be posting my trades and look forward to discussing them with you!

These are trades I am currently in so let us see how they work out and please ask any questions you may have as I am here to help fellow traders if possible. Happy Trading!
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Quoting bkg102665
These are trades I am currently in so let us see how they work out and please ask any questions you may have as I am here to help fellow traders if possible. Happy Trading! {image} {image} {image} {image} {image} {image}
Hi
I'm really impressed you are still running this thread for around 10 years using basically the same method.
Yes, you added few extra MAs and oscillators but basically it's the same strategy.
You should be an authority about the use of MAs and the old problem of them being lagging indicators.

so, how did you overcome their lagging nature?
Thanks
Quoting Merka
{quote} Hi I'm really impressed you are still running this thread for around 10 years using basically the same method. Yes, you added few extra MAs and oscillators but basically it's the same strategy. You should be an authority about the use of MAs and the old problem of them being lagging indicators. so, how did you overcome their lagging nature? Thanks
I can't say I am an authority in ma's but I do like the 10sma as a guide to where the market might be going. If I see price go below the 10sma at resistance area or above 10sma at support are I am probably going to take the trade. As you can see by my charts I now use MACD to try and help me see a potential trade developing. Notice how on a potential cross below the 10sma the histogram bars go below the red line that puts me in a trade. If price goes below the 10sma but the histogram bars are above the red line on my MACD I will not take the trade.

Notice the blue area on this chart.It will show you what I am talking about.
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Quoting bkg102665
{quote} I can't say I am an authority in ma's but I do like the 10sma as a guide to where the market might be going. If I see price go below the 10sma at resistance area or above 10sma at support are I am probably going to take the trade. As you can see by my charts I now use MACD to try and help me see a potential trade developing. Notice how on a potential cross below the 10sma the histogram bars go below the red line that puts me in a trade. If price goes below the 10sma but the histogram bars are above the red line on my MACD I will not take...
Yes I see
you have 10SMA on the chart. what's the second MA setting?
I'm going to replicate your chart
Quoting Merka
{quote} Yes I see you have 10SMA on the chart. what's the second MA setting? I'm going to replicate your chart
I have a 10sma and a 40sma on my charts.
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Can someone please advise me as to how to change my default page to this forum page? Thanks
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Please have a look at this setup
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Quoting Merka
Please have a look at this setup {image}
Yes that was a perfect set up to go short. Please notice there is a false 10sma cross 10 days earlier. You will get bad reads so always have a stop loss in place and know where your support and resistance areas are for better decision making.
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I pulled the trigger on this eur/usd trade yesterday so we will see how it progresses! Did anyone else take any trades based on the 10sma?
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