PA Trading with EMAs and common Sense

Quoting niks

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XAUUSD 1M (DEMO) testing with demo trade on xauusd while waiting for news to release... long off support targeting resistance just below ema200, lots of support on higher TF's as well {image} cost averaged up which i don't normally do, the support looked like holding {image} but then crazy price action due to news release kicks in and anything became possible, but luckily it held long enough to reach target with plenty of positive slippage i'm sure!!! {image}

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Quoting TheHusla

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{quote} I thought about this trade too bro. PA just wasn't very clear to me. Glad it worked for you. Lucky week for you! I have no trades on this strategy today.

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Quoting vvm

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{quote} Hi bro, I look @ first to D1 There was a bullish 2 Bar Reversal Setup There was a bearish Bounce from 20MA and bullish Close above 8MA It were great Conditions for UpMove Todays Bar did trigger this BO in the morning already and then went down a bit H1 did show a possible UpMove after possible BO I placed my BuyStop here with a very small SL It took time but the Market did a correct Thing!!!! I am so lucky with this Trade atb vvm

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Quoting TheHusla

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{quote} I'm glad it worked for you. I saw the same as you but in my opinion it was risky. We had HUGE red news where price normally spikes A LOT. Very easy for price to spike to the lower zone before going up. We didn't know that news would just take price higher before spiking lower. Also there was a clear zone to the upside holding price. There was no way for me to enter and cover the below zone with my SL so I thought it was too risky for me. My scenario was very likely in my opinion but this time news just took prices higher. For me, too much...

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Quoting TheHusla

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{quote} Nice one, I like the addition of the Bid line to the minicharts!

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Quoting vvm

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{quote} s. D1 Chart atb vvm {image}

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Quoting niks

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{quote} hi vvm, i have no idea about news either, but i do know it has a MAJOR impact on prices and knowing about it can help avoid many stop losses that then move onto take profit, this time you were lucky for sure... have a look at what just happened to the AUD straight after the new this morning - if you do not know about it, you can get stuck or suffer big loss, even if you have a stop loss, it is still dangerous, please be careful, it is worth to have a quick look every day at this page https://www.forexfactory.com {image} {image}...

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Quoting vvm

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{quote} s. D1 Chart atb vvm {image}

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Quoting niks

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{quote} thanks, could of gone either way as you know with big news events, just pick any USD pair and the same result, i too was expecting a spike both ways but it just shot straight up, worked out well for my demo trade and even better for vvm! yes, the price line is a useful addition clearly highlighting S&R as the current bar approaches them on the higher TF's - it's slowly starting to fit in with my analysis...

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Quoting niks

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AUDUSD 1M long off big round number support near low of daily candle which has failed to breach the close of the previous day, targeting ema200 {image} then the spreads widened and price moved against me, so i lifted the target rather than cost average the move which looked risky... {image} it then broke broke and held ema200 {image} and correctly anticipated the increased volume would move price into target, closed manually just before it reached it for a nice profit! {image}

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Quoting TheHusla

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{quote} The most important thing is it worked. So happy for you. If high impact news releases don't affect your strategy with trades with tight stops then your experience is very different from mine. But we all make money! :-) {quote} Yeah I'm sure your winrate has improved already and it's only been a week! Happy I could help mate! {quote} I like these! nice trades and nice explanation! Next one for me. AUDCAD H1. Can see clear change in structure therefore it looks to me like it's trying to make another HH. It's a little risky as we are down on...

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Quoting TheHusla

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H4 EMA Rejection. Nothing more to this trade. This is a different strategy to my other trades posted on here which I trade on a separate account and haven't seen a valid trade in a while. That supply zone at the top is a little worrying but the trade fits the strategy. Strong trend + EMA rejection. Will see if the supply holds or not. The move down just looks like a D1 retrace. {image}

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Quoting TheHusla

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{quote} After the initial push I put the SL to breakeven. I thought it was going to hit my SL but it didn't hit it and went to TP. 1.5R. 3/3 this week!

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Quoting TheHusla

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H4 EMA Rejection. Nothing more to this trade. This is a different strategy to my other trades posted on here which I trade on a separate account and haven't seen a valid trade in a while. That supply zone at the top is a little worrying but the trade fits the strategy. Strong trend + EMA rejection. Will see if the supply holds or not. The move down just looks like a D1 retrace. {image}

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Quoting TheHusla

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{quote} TP Hit! 1.5R. That was a quick one. Just shows the importance of wearing different hats for each strategy! I shouldn't really be looking at supply zones for this strategy. It just complicates a very very simple strategy.

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Quoting vvm

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{quote} new day new Luck! Hi niks, hi the husla I can learn a lot from U Thanks Mates atb vvm

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Quoting vvm

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AUD NZD H1 bought Loss, after a bearish Spike s. Chart atb vvm {image}

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Quoting niks

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{quote} my view for this trade - it was in an uptrend then a bigger than normal bullish candle formed which can indicate the end of a trend - then as it retraced, it broke the trend line, then a failed attempt to resume the trend and continued on down... {image}

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Quote

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it was in an uptrend then a bigger than normal bullish candle formed which can indicate the end of a trend