{quote} Looks like it can't break though this support level. I'll leave it for a bit longer and see what happens. {image}
This morning I saw that price had broken below the support, so I went short again.
MA Crossover System that works for me
- #161
- Edited 3:13am Dec 16, 2022 2:38am | Edited 3:13am
This morning I saw that price had broken below the support, so I went short again.
- #163
- Dec 16, 2022 5:37am Dec 16, 2022 5:37am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
i am using ma in color for a long time. it gives a very good visual perspective of the price action in relation to the current trend.
ma in color mtf helps to see the relation of the price action in relation to emas of higher time frame,
may help to enter the trade earlier than your current setup,
give it a try
ma in color mtf helps to see the relation of the price action in relation to emas of higher time frame,
may help to enter the trade earlier than your current setup,
give it a try
i am using ma in color for a long time. it gives a very good visual perspective of the price action in relation to the current trend. ma in color mtf helps to see the relation of the price action in relation to emas of higher time frame, may help to enter the trade earlier than your current setup, give it a try
To - once again - remind you of the EURAUD-trade we wrote about:
Hi
I'm trading using EMAs 8 & 20 crossing on H4 & D1. D1 to give me directional bias & H4 for trigger. I've added EMA100 on H4 chart, solely to act as a DSR (dynamic S/R). Trades on H4 will only be taken if they're align with D1 bias. Otherwise, I give them a miss.
There were a few opportunities this week.
EJ +150pips
I'm trading using EMAs 8 & 20 crossing on H4 & D1. D1 to give me directional bias & H4 for trigger. I've added EMA100 on H4 chart, solely to act as a DSR (dynamic S/R). Trades on H4 will only be taken if they're align with D1 bias. Otherwise, I give them a miss.
There were a few opportunities this week.
EJ +150pips
Hi,
This is 1 of my trading system & been using it for quite a while. Been taught to follow higher TF trend. Added EMA100 on H4 chart to validate the buy/sell signals & to act as S/R. The short brown lines are previous week hi/lo (H4) & previous month hi/lo (D1). I used them for TP setting or to lookout for breakout/bounced.
The trading rules are simple:
1) D1 - EMAs crossed for signals + reversal candle patterns, etc
2) H4 - to trigger trades
- D1 EMAs must clearly crossed one another
- EMAs 8 & 20 (H4) crossed
- candle closed below or above EMA100
3) SL & TP - I used H4 previous swing hi/lo or you can set your own.
60-70% of the time, the market will give continuation trade(CT) signals. The remaining 30-40%, the market will be ranging.
GU charts for illustration.CT means continuation trade. 
This is 1 of my trading system & been using it for quite a while. Been taught to follow higher TF trend. Added EMA100 on H4 chart to validate the buy/sell signals & to act as S/R. The short brown lines are previous week hi/lo (H4) & previous month hi/lo (D1). I used them for TP setting or to lookout for breakout/bounced.
The trading rules are simple:
1) D1 - EMAs crossed for signals + reversal candle patterns, etc
2) H4 - to trigger trades
- D1 EMAs must clearly crossed one another
- EMAs 8 & 20 (H4) crossed
- candle closed below or above EMA100
3) SL & TP - I used H4 previous swing hi/lo or you can set your own.
60-70% of the time, the market will give continuation trade(CT) signals. The remaining 30-40%, the market will be ranging.
GU charts for illustration.CT means continuation trade.
{quote} Good setups but don't you think that you will be burnt on a ranging week because is H4 ?
But the above precautions are just an excuse for not knowing how to stay out of a trending market. That is one of the things I need to get better at. The problem is it's not that easy to see when it's live. Easy afterwards
- #177
- Edited 4:21am Dec 18, 2022 3:03am | Edited 4:21am
i am using ma in color for a long time. it gives a very good visual perspective of the price action in relation to the current trend. ma in color mtf helps to see the relation of the price action in relation to emas of higher time frame, may help to enter the trade earlier than your current setup, give it a try
Here is my 8/21 EMA chart with yanah12's 100 EMA added, all using color MAs. What do traders think? The MA responds to slope by turning green/red when it is up/down, and turns yellow when it is flat, or in transition.
It's easy to come up with a successful strategy based on "buy when all three are green / sell when red", or better, add to this "AND when all three MAs are aligned in numerical order". Would anyone like to do some backtesting on this and let us know how it went?
- #179
- Dec 18, 2022 7:43am Dec 18, 2022 7:43am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} "buy when all three are green / sell when red", or better, add to this "AND when all three MAs are aligned in numerical order". {image}
try to find if entry candle of your method is supported by any other proved, established and easy criteria of technical analysis.
for eg trendlined or flags
a) this is the chart you were refering to in your previous posts. after crossover, candle closed below a major trendline (white line..... more than 3 touches)
immediately next caandle closed below a minor trendline (blue... only 2 touches). both suggest a strong downtrend and were excellent entries.
b) even if you missed these there was another flag entry when the trend was well established and in strong momentum.(both emas almost vertically down and pointing south)
there is so much more than crosses and color change.