One of today's trades. Based on the wedge formation, went short after the upper boundary had been rejected.
MA Crossover System that works for me
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More than a year ago on another thread I started pointing out that a "pinch" was a profitable setup. Here is one of my early posts about that.
https://www.forexfactory.com/thread/...5#post13835835
I still believe that such setups are worth looking for and waiting for as it seems they lead to high probability trades. In the example below there are multiple crossovers all happening in a tight space. 8/21 EMAs cross over, both of those cross over the 100 EMA and price crosses all three EMAs from bearish to bullish. That setup led to a very nice trend. This seems to happen repeatedly, although not frequently, so be patient and wait for them. You might notice that the chart here is H1. That's because there is less waiting to do.
https://www.forexfactory.com/thread/...5#post13835835
I still believe that such setups are worth looking for and waiting for as it seems they lead to high probability trades. In the example below there are multiple crossovers all happening in a tight space. 8/21 EMAs cross over, both of those cross over the 100 EMA and price crosses all three EMAs from bearish to bullish. That setup led to a very nice trend. This seems to happen repeatedly, although not frequently, so be patient and wait for them. You might notice that the chart here is H1. That's because there is less waiting to do.
More than a year ago on another thread I started pointing out that a "pinch" was a profitable setup. Here is one of my early posts about that. https://www.forexfactory.com/thread/...5#post13835835 I still believe that such setups are worth looking for and waiting for as it seems they lead to high probability trades. In the example below there are multiple crossovers all happening in a tight space. 8/21 EMAs cross over, both of those cross over the 100 EMA and price crosses all three EMAs from bearish to bullish. That setup led...
. A perfect pinch, crossover after a period of sideways movement and big breakout. From entry level to the highest level reached so far is 160 pips.
- #595
- Mar 28, 2023 12:47am Mar 28, 2023 12:47am
One thing I was reminded of during my time away was to enter as close to the EMAs as possible. In this case I placed a buy stop order very soon after the EMAs crossed up. Let's see how it goes. The trend is obviously up.
