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MA Crossover System that works for me

  • #541
  • Feb 24, 2023 7:19am Feb 24, 2023 7:19am
Here's a supply/demand zone indicator with an on/off button if you want to use it. That way you can see zones where price will likely bounce, or consolidate at before breaking during a strong trend, and with the on/off button you can keep your charts clean.
Attached File(s)
File Type: mq4 SupDem Zone button.mq4   17 KB | 284 downloads
Virtue signaling is for those who are devoid of actual virtue
  • #542
  • Feb 25, 2023 4:53am Feb 25, 2023 4:53am
I had two good trading days at the end of last week. It’s a relief to be making money instead of struggling not to lose it.

On reflection, one of the reasons seems to be the consolidation zones that I marked out on the charts and avoiding getting caught up in them. My trading was then either breakout trading or, if the consolidation pattern I marked out was clear and large enough, I traded inside the pattern – range trading.

Going forward, this has created a greater awareness of consolidations that I will incorporate into my trading (or my not trading). So while we are range traders, and our MA crossover method depends on trends, we must also embrace consolidations, because we know they often lead to breakouts, as walvekarraje reminded us.
  • #543
  • Edited 2:48am Feb 27, 2023 2:32am | Edited 2:48am
Quoting AlistairC
I had two good trading days at the end of last week. It’s a relief to be making money instead of struggling not to lose it. On reflection, one of the reasons seems to be the consolidation zones that I marked out on the charts and avoiding getting caught up in them. My trading was then either breakout trading or, if the consolidation pattern I marked out was clear and large enough, I traded inside the pattern – range trading. Going forward, this has created a greater awareness of consolidations that I will incorporate into my trading (or my not...
Here's a trade inside a D1 consolidation pattern. On H4 I waited for the 8 and 21 and 100 EMAs to be aligned before looking for an entry. I have been wondering if I'm trying to get in too early. This is more conservative but (presumably) more reliable. The entry comes after a pullback to the EMAs and after a period of local consolidation.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf d1.png Size: 13 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf h4.png Size: 13 KB
  • #544
  • Feb 27, 2023 6:26am Feb 27, 2023 6:26am
Hi AlistairC,

Sorry for my long absence, last week was a very busy week. Reading through the threads now & will post my trade setups soon.

Green pips.
  • #545
  • Feb 27, 2023 6:43am Feb 27, 2023 6:43am
Quoting yanah12
Hi AlistairC, Sorry for my long absence, last week was a very busy week. Reading through the threads now & will post my trade setups soon. Green pips.
Good to see you back here, yanah12.
  • #546
  • Feb 27, 2023 7:27am Feb 27, 2023 7:27am
Long GbpAud today due to Weekly EMAs crossing. I used EMAs 3 & 9 for wkly & mthly charts.
D1 is still in an uptrend & H4 broke above previous wk high.

+85pips profit running.

Attached Image (click to enlarge)
Click to Enlarge Name: GA_27Feb.jpg Size: 20 KB
  • #547
  • Feb 27, 2023 7:55am Feb 27, 2023 7:55am
Are the major currencies are retracing today?

Attached Image (click to enlarge)
Click to Enlarge Name: Majors.png Size: 48 KB
  • #548
  • Feb 27, 2023 1:43pm Feb 27, 2023 1:43pm
Quoting yanah12
Are the major currencies are retracing today? {image}
Yes, retracing, but no sign of any more than that just yet.
  • #549
  • Feb 28, 2023 1:22am Feb 28, 2023 1:22am
Quoting AlistairC
{quote} Here's a trade inside a D1 consolidation pattern. On H4 I waited for the 8 and 21 and 100 EMAs to be aligned before looking for an entry. I have been wondering if I'm trying to get in too early. This is more conservative but (presumably) more reliable. The entry comes after a pullback to the EMAs and after a period of local consolidation. {image}{image}
This GBPCHF trade going well. Now at B/E.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf h4.png Size: 13 KB
  • #550
  • Feb 28, 2023 1:54am Feb 28, 2023 1:54am
Quoting AlistairC
{quote} This GBPCHF trade going well. Now at B/E. {image}
I am also in this EURCHF trade, but there is resistance just above, so I'm wondering whether to take the money and run soon, or perhaps move my stop up to a logical position or even to B/E and then let the trade run. If it breaks through it will be a very nice trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf h4.png Size: 16 KB
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf d1.png Size: 15 KB
  • #551
  • Feb 28, 2023 3:29am Feb 28, 2023 3:29am
Quoting yanah12
Long GbpAud today due to Weekly EMAs crossing. I used EMAs 3 & 9 for wkly & mthly charts. D1 is still in an uptrend & H4 broke above previous wk high. +85pips profit running. {image}
Long GbpAud hit TP (+160pips)
  • #552
  • Feb 28, 2023 3:32am Feb 28, 2023 3:32am
GbpCad long today.

Attached Image (click to enlarge)
Click to Enlarge Name: GbpCad_28Feb.png Size: 5 KB
  • #553
  • Feb 28, 2023 3:35am Feb 28, 2023 3:35am
Quoting AlistairC
{quote} Yes, retracing, but no sign of any more than that just yet.
It might retrace further. No sign of trend continuation yet.

Today is the last day of Feb. Market might be a bit erratic. So, trade safe.
  • #554
  • Feb 28, 2023 3:48am Feb 28, 2023 3:48am
Weekly charts

Attached Image (click to enlarge)
Click to Enlarge Name: Weekly.png Size: 78 KB
  • #555
  • Feb 28, 2023 5:00am Feb 28, 2023 5:00am
Quoting AlistairC
{quote} This GBPCHF trade going well. Now at B/E. {image}
Target of 100 pips reached.
  • #556
  • Feb 28, 2023 5:01am Feb 28, 2023 5:01am
Quoting AlistairC
{quote} I am also in this EURCHF trade, but there is resistance just above, so I'm wondering whether to take the money and run soon, or perhaps move my stop up to a logical position or even to B/E and then let the trade run. If it breaks through it will be a very nice trade. {image}{image}
I moved my TP to a short distance above the resistance and it was hit.
  • #557
  • Feb 28, 2023 5:55am Feb 28, 2023 5:55am
Quoting AlistairC
{quote} Target of 100 pips reached.
Congrats. Great job.
  • #558
  • Feb 28, 2023 7:50am Feb 28, 2023 7:50am
Interesting setup for EurCad.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.png Size: 18 KB
  • #559
  • Feb 28, 2023 7:59am Feb 28, 2023 7:59am
GbpCad long trade today. D1 provided with opportunity to go long.

Attached Image (click to enlarge)
Click to Enlarge Name: GbpCad_28Feb.jpg Size: 102 KB
  • #560
  • Mar 1, 2023 2:00am Mar 1, 2023 2:00am
Quoting yanah12
GbpCad long trade today. D1 provided with opportunity to go long. {image}
I entered this trade today. There was a decent H4 pullback to the EMAs so I used that to get in with reduced distance to the SL. Note on D1 that we are inside a consolidation flag formation, so I'm hoping price will reach my target before deciding to reverse way from the upper boundary of the flag
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcad d1.png Size: 13 KB
Click to Enlarge Name: gbpcad h4.png Size: 15 KB
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