Today trade in H4, I made one before in M5 (with TP hit) but not take the screenshot. I took this trade because on H4 I saw the double top and the HL... and crossover the EMA´s to go short. Let's see how it develops. {image}
MA Crossover System that works for me
- #141
- Dec 13, 2022 12:19am Dec 13, 2022 12:19am
- #145
- Dec 13, 2022 12:52am Dec 13, 2022 12:52am
{quote} I hope, it will work out - all the best: {image}
{quote} Well, as it is, you are certainly in a sideways market. It may be a distribution or it may not - only time will tell. At the moment this is not a trending market (on H4, that is) - for me that means MAs don't really work. {image}
On the daily this market is sideways over the longer-term, but in the last almost two weeks we have an upward move shown both in the HHs and HLs (messy as they are) and in the EMAs being crossed up. It is that move up that I am hoping will go far enough to make some money for me. In the meantime my buy stop order has not been triggered, so if price does continue down I will simply cancel the order. This is why I promote the use of stop orders.
{quote} On the daily this market is sideways over the longer-term, but in the last almost two weeks we have an upward move shown both in the HHs and HLs (messy as they are) and in the EMAs being crossed up. It is that move up that I am hoping will go far enough to make some money for me. In the meantime my buy stop order has not been triggered, so if price does continue down I will simply cancel the order. This is why I promote the use of stop orders. {image}
Even if price does go up for a bit, when viewed like this, there's not much value in it, as I am trading into resistance, potential profit just 40 pips, but plenty of risk that it won't get there. I'll just cancel the order. Thank you for your clarity.
- #150
- Edited 1:26am Dec 15, 2022 1:02am | Edited 1:26am
Almost at the end of the trading year. Just today and tomorrow to go until everything more-or-less shuts down.
I had a good day yesterday, 4 trades, 4 wins, 2.9% gain. I didn't post any of these because all of them in one way or another did not meet the requirements for our trades, not in big ways, but enough to raise eyebrows! It's "proof" that sometimes all you need is a bit of luck and any trade will work! Other days nothing you do works.
Here is a possible USDJPY trade. The weekly shows a "recent" reversal with lots of space to move down into. So even though the daily is now in its third leg down, after visiting the envelope between the EMAs twice, I'm happy to go with it, based on the HTFs being aligned.
I placed a sell stop order on the H4 pinbar that lies across the EMAs. That is often a good trade signal, although I prefer it to be a longer PB extending a bit beyond both sides of the envelope, especially beyond the 21 EMA. 
I had a good day yesterday, 4 trades, 4 wins, 2.9% gain. I didn't post any of these because all of them in one way or another did not meet the requirements for our trades, not in big ways, but enough to raise eyebrows! It's "proof" that sometimes all you need is a bit of luck and any trade will work! Other days nothing you do works.
Here is a possible USDJPY trade. The weekly shows a "recent" reversal with lots of space to move down into. So even though the daily is now in its third leg down, after visiting the envelope between the EMAs twice, I'm happy to go with it, based on the HTFs being aligned.
I placed a sell stop order on the H4 pinbar that lies across the EMAs. That is often a good trade signal, although I prefer it to be a longer PB extending a bit beyond both sides of the envelope, especially beyond the 21 EMA.
Almost at the end of the trading year. Just today and tomorrow to go until everything more-or-less shuts down. I had a good day yesterday, 4 trades, 4 wins, 2.9% gain. I didn't post any of these because all of them in one way or another did not meet the requirements for our trades, not in big ways, but enough to raise eyebrows! It's "proof" that sometimes all you need is a bit of luck and any trade will work! Other days nothing you do works. Here is a possible USDJPY trade. The weekly shows a "recent" reversal with lots of space to move down into....
. I'll just cancel the order.
. It was an amazing move up. Just checked - still going!
- #159
- Dec 15, 2022 11:08am Dec 15, 2022 11:08am
{quote} Hi neilpryde, your trade is currently about 26 pips in profit. Nice one. What was your logic for this trade - I see both H4 and D1 are bullish (based on EMAs crossed up) at the moment, so you must have looked at other factors to decide to go short?
I t is OK, next time I will reach the target !
- #160
- Edited 11:30am Dec 15, 2022 11:12am | Edited 11:30am
{quote} Yes, It was a long trade. Finally with breakeven.
This is what I see on the chart, marked with your entry level and target. It's in the right position - any higher and it's outside that upper line of the flag formation. Hopefully price isn't now on its way down to the other side after already visiting the upper level of the flag.
