One of today's trades. Based on the wedge formation, went short after the upper boundary had been rejected.
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DislikedThis is EURGBP H4, so it's almost the opposite of the previous GBPUSD trade. I pulled the TP down to the top of the previous high, not far to go now. {image}Ignored
Disliked{quote} yes like this,but im afraid that many cross over happens when market is ranging.it will clutter the chart unless please u add on off button to it,thanksIgnored
DislikedMore 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...Ignored
DislikedOne 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. {image}Ignored