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There is no Magic Moving Average - You need only one

  • #1,001
  • Sep 6, 2022 1:38am Sep 6, 2022 1:38am
Quoting andoseg2
{quote} Hi, Sorry for late answer. In my opinion, you should closely look at price action. Deep retracements of prior swings near a resistance signify strong supply zone and you shall expect some kind of Distribution there. You got a deep retracement then a good accumulation wich provided explosive breakout thus confirming Markup Phase, but it was suposed to be a spike (fake out) due to the deep retracement. {image} {image} {image} Anyway, on the long term EUR/USD is expected to fall below 1$. This is the bearish wave wich will put $ above EURO...
update, 1 year later, felt below 1$
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Money moves the market, not an indicator.
  • #1,002
  • Sep 6, 2022 1:45am Sep 6, 2022 1:45am
Quoting andoseg2
{image}
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Money moves the market, not an indicator.
  • #1,003
  • Sep 6, 2022 1:52am Sep 6, 2022 1:52am
Quoting zainalazli
This my pending order for EURGBP. TF H1 SMA24. Lets see hows the market go. {image}
Can't be more clear.

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Money moves the market, not an indicator.
  • #1,004
  • Oct 17, 2022 3:08am Oct 17, 2022 3:08am
AUD/CHF is great! Stalking the upcoming trade at lower timeframes for best momentum is the next step.
If price show no signs of disipating buying power, setup is void.
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Money moves the market, not an indicator.
  • #1,005
  • Oct 17, 2022 11:45am Oct 17, 2022 11:45am
Frankly, only moving average based strategy isn’t enough here! In real market, moving average always shows the data so lately, so it’s confusing during the live market!
  • #1,006
  • Nov 1, 2022 12:16am Nov 1, 2022 12:16am
Moving averages can help us identify long-term support, resistance levels, as well as overall trends. However, we need to have a comprehensive understanding of other technical and fundamental tools, since market trends are constantly changing, so we must examine market charts from all angles.
  • #1,007
  • Nov 11, 2022 1:23pm Nov 11, 2022 1:23pm
Long term view for AUD/USD
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Money moves the market, not an indicator.
  • #1,008
  • Dec 1, 2022 4:02am Dec 1, 2022 4:02am
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Money moves the market, not an indicator.
  • #1,009
  • Dec 16, 2022 2:19pm Dec 16, 2022 2:19pm
NZD/USD swing trade candidate

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Money moves the market, not an indicator.
  • #1,010
  • Dec 16, 2022 2:59pm Dec 16, 2022 2:59pm
Yes I only use 10 MA and it works perfect for me I don't over analysis the market with tons of moving average just a single thing can make you money if you are doing it rightway
  • #1,011
  • Dec 18, 2022 12:26pm Dec 18, 2022 12:26pm
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Money moves the market, not an indicator.
  • #1,012
  • Jan 11, 2023 12:37am Jan 11, 2023 12:37am
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Money moves the market, not an indicator.
  • #1,013
  • Jan 11, 2023 5:20am Jan 11, 2023 5:20am
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Money moves the market, not an indicator.
  • #1,014
  • Jan 11, 2023 5:32am Jan 11, 2023 5:32am
USD/JPY
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Money moves the market, not an indicator.
  • #1,015
  • Jan 11, 2023 6:22am Jan 11, 2023 6:22am
Quoting andoseg2
USD/JPY {image} {image}
Update: Trade on 30m setup initiated and covered.
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Money moves the market, not an indicator.
  • #1,016
  • Jan 11, 2023 6:35am Jan 11, 2023 6:35am
Quoting andoseg2
{quote} Update: Trade on 30m setup initiated and covered. {image}
Update:

Risk management.

Observe how nicely price react @ MA30 creating Higher Lows giving great opportunities to adjust the StopLoss
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Money moves the market, not an indicator.
  • #1,017
  • Jan 11, 2023 6:44am Jan 11, 2023 6:44am
Quoting andoseg2
{quote} Update: Risk management. Observe how nicely price react @ MA30 creating Higher Lows giving great opportunities to adjust the StopLoss {image}
Update:

Near top, momentum dissipate but that doesn't mean to sell, no matter if a Distribution will be confirmed since the overall
trend is UP on 30m timeframe so this move is more likely to be a correction in the 30m bull trend

Note: if a new Higher High is made, the potential Distribution will be confirmed as CTT (correction through time) - flat ranged zone.
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Update:
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Money moves the market, not an indicator.
  • #1,018
  • Jan 11, 2023 6:58am Jan 11, 2023 6:58am
Quoting andoseg2
{image} {image} {image}
Recapitulate:

We wait for markup phase on 4h

We are in with an aggresive entry on 30m timeframe whom Markup phase just confirmed and trade is covered and SL adjusted. Usually if we aim for the markup phase on 4h, the SL on 30m will drop @ the level where we covered giving price a more room for deeper correction but no lose in case things turn bad (the SL level when the trade covered).

The pic below is the 1h timeframe, an updated pic of early 1h timeframe posted above
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Money moves the market, not an indicator.
  • #1,019
  • Jan 12, 2023 12:56am Jan 12, 2023 12:56am
Swing trade candidate EUR/NZD. This is MA20

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Money moves the market, not an indicator.
  • #1,020
  • Feb 1, 2023 5:08am Feb 1, 2023 5:08am
Quoting andoseg2
Swing trade candidate EUR/NZD. This is MA20 {image} {image}
This one hit SL.

GBP/CHF:

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Money moves the market, not an indicator.
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