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MA Crossover System that works for me

  • #441
  • Feb 6, 2023 11:12pm Feb 6, 2023 11:12pm
EURGBP H4
bought

s. Chart

atb
vvm
Attached Image (click to enlarge)
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PA Trading with EMAs & common Sense
  • #442
  • Feb 6, 2023 11:24pm Feb 6, 2023 11:24pm
Quoting vvm
EURGBP H4 bought s. Chart atb vvm {image}
We're on the same page!
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  • #443
  • Feb 6, 2023 11:26pm Feb 6, 2023 11:26pm
Quoting vvm
EURGBP H4 bought s. Chart atb vvm {image}
It seems that this averaging line is not acting as a good support. There is an unstoppable trend in price.
Just follow the trend.
  • #444
  • Feb 7, 2023 1:47am Feb 7, 2023 1:47am
GbpAud short

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  • #445
  • Feb 7, 2023 1:55am Feb 7, 2023 1:55am
EurCad short

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  • #446
  • Feb 7, 2023 4:34am Feb 7, 2023 4:34am
Quoting AlistairC
Short trade placed. Edit: This pair is one of those I posted about yesterday where the dailies are in a trend. None of the others have shown a suitable setup yet. My TP is at 100 pips only because the App I use to place trades is set at 100. Correctly, I should inspect the chart and move it to a logical position such as a swing low, or another support level. But for now, 100 pips will do. {image}
Hi AlistaiC, is your NzdJpy trade still running? Imho, it was a bad timing to open the trade yesterday due to Yen weakness.
  • #447
  • Feb 7, 2023 4:45am Feb 7, 2023 4:45am
Quoting yanah12
{quote} Hi AlistaiC, is your NzdJpy trade still running? Imho, it was a bad timing to open the trade yesterday due to Yen weakness.
No, stopped out (by a whisker, again ). But the idea ended up being good and it would now have been in profit.

I'd be interested to find out how you knew JPY was weak?
  • #448
  • Feb 7, 2023 4:51am Feb 7, 2023 4:51am
Quoting yanah12
EurCad short {image}
Looking good so far.

The reason I didn't go for this is that the dominant trend is still bullish on the daily and weekly, with pole and pennant patterns in place on both. But price has broken down, so well done for getting it right.
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  • #449
  • Feb 7, 2023 5:27am Feb 7, 2023 5:27am
Short GbpUsd

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Short GbpJpy. The previous H4 candle was a morobuzu (I hope the spelling is correct) candle.

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  • #450
  • Feb 7, 2023 5:31am Feb 7, 2023 5:31am
Looking to short NzdUsd

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  • #451
  • Feb 7, 2023 5:41am Feb 7, 2023 5:41am
Quoting AlistairC
{quote} No, stopped out (by a whisker, again ). But the idea ended up being good and it would now have been in profit. I'd be interested to find out how you knew JPY was weak?
Yen pairs opened the trading week with bullish gaps yesterday. BOJ made news statement during Tokyo session.
  • #452
  • Feb 7, 2023 5:42am Feb 7, 2023 5:42am
Looks like (finally) we gonna see USD strength this week.
  • #453
  • Feb 8, 2023 12:17am Feb 8, 2023 12:17am
I saw this morning that USDCHF has now gone bearish on the daily, so I looked for a trade on H4. There is a local support level marked on H4 so this one might not go much further. Will see what happens.
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  • #454
  • Feb 8, 2023 1:08am Feb 8, 2023 1:08am
I don't have any GBP pairs as "usefully" bearish on D1 yet, because of the many support obstacles, including some still sitting above or on the 100 EMA, I don't want to commit to any of them yet.
  • #455
  • Edited 5:40am Feb 8, 2023 3:15am | Edited 5:40am
Trying again.

I saw this pair start pulling back and the open space between the candles and the EMAs being closed off. Once it had got close to the EMAs again I placed a sell stop order below that mini-consolidation zone and now hopefully it will break out. The SL is above the recent swing high, but just about as far away as I am preprepared to risk.

Attached Image (click to enlarge)
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  • #456
  • Edited 8:46am Feb 8, 2023 7:46am | Edited 8:46am
Quoting AlistairC
I saw this morning that USDCHF has now gone bearish on the daily, so I looked for a trade on H4. There is a local support level marked on H4 so this one might not go much further. Will see what happens. {image}{image}
I decided to close this trade because I was no longer confident that it would go down. A look at my USD profile shows this clearly. In all 7 charts on the profile, USD is looking strong, not weak.

My NZD profile, on the other hand, shows the Kiwi looking weak across the board, so I'll stick with my NZDJPY short trade.
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  • #457
  • Feb 8, 2023 11:01pm Feb 8, 2023 11:01pm
Quoting AlistairC
{quote} In all 7 charts on the profile, USD is looking strong, not weak. My NZD profile, on the other hand, shows the Kiwi looking weak across the board, so I'll stick with my NZDJPY short trade. {image}
USDCHF went down overnight and NZDJPY went up. Nothing I'm doing at the moment seems to be working. Frustrating.
  • #458
  • Edited 11:28pm Feb 8, 2023 11:16pm | Edited 11:28pm
Quoting AlistairC
{quote} USDCHF went down overnight and NZDJPY went up. Nothing I'm doing at the moment seems to be working. Frustrating.
It happens...
Are you sure you only entered trades in a clear trend (like EURGBP - or BRN or GE40 - at the moment)?
[EURNZD may just be starting]
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  • #459
  • Feb 8, 2023 11:29pm Feb 8, 2023 11:29pm
Hi altogether,

I did not trade before so many Instruments simultaneously
therefore I have no Idea how to control the Charts correctly?

I describe a Situation on the Chart simple with different Abbreviations:
Eg: NS for NoSetup
and I make nothing more....

I have a question
hgow do U manage all Infos about this Instruments??
with a Tables????

Many Thanks
atb

vvm
PA Trading with EMAs & common Sense
  • #460
  • Feb 8, 2023 11:45pm Feb 8, 2023 11:45pm
Quoting vvm
Hi altogether, I did not trade before so many Instruments simultaneously therefore I have no Idea how to control the Charts correctly? I describe a Situation on the Chart simple with different Abbreviations: Eg: NS for NoSetup and I make nothing more.... I have a question hgow do U manage all Infos about this Instruments?? with a Tables???? Many Thanks atb vvm
Hi vvm, I can't easily understand your question. Please could you write it in your language and we can use Google translate to get it in English. I think that might work better.
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