If I stick to "everything crosses to one side of the 100 EMA" as my main condition to start looking for suitable entries AND the trade is "in line with the dominant trend" then there is very little going on now, but potentially a lot coming up.
But I'm happy to wait because when those conditions are in place my trades are "high probability".
If I stick to "everything crosses to one side of the 100 EMA" as my main condition to start looking for suitable entries AND the trade is "in line with the dominant trend" then there is very little going on now, but potentially a lot coming up. But I'm happy to wait because when those conditions are in place my trades are "high probability".
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Agree, slow week so far for this style but should turn out to be an interesting week post fomc.
Have further taken yanah's filter of only shorting if previous day close red and that further reduces potential plays.
Oh well, helps to keep focus to selected pairs through the day.
If I stick to "everything crosses to one side of the 100 EMA" as my main condition to start looking for suitable entries AND the trade is "in line with the dominant trend" then there is very little going on now, but potentially a lot coming up. But I'm happy to wait because when those conditions are in place my trades are "high probability".
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"everything crosses to one side of the 100 EMA" =>Do you mean in D timeframe?
{quote} "everything crosses to one side of the 100 EMA" =>Do you mean in D timeframe? {image}
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No, my trading TF, which is H4. But I also need the next TF up (D1 in my case) to have the same trend direction, so it often amounts to the same thing.
AudNzd short. Setup - yesterday's daily candle + EMAs crossing. Trigger - H4 EMAs crossing {image}
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I'm not sure I quite understand this setup. Yesterday was a pincandle, indeed bearish crossover. Can you shortly explain your strategy why to start the trade and based on what criteria? It's not really a retracement in my opinion, so what is it then? I see only red candles on the 4h chart since yesterday, only the last 4 hours show a retracement
{quote} I'm not sure I quite understand this setup. Yesterday was a pincandle, indeed bearish crossover. Can you shortly explain your strategy why to start the trade and based on what criteria? It's not really a retracement in my opinion, so what is it then? I see only red candles on the 4h chart since yesterday, only the last 4 hours show a retracement {image}
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yanah12 can correct me if I am wrong, but he has a (very) slightly different approach to me that he came with when I started this thread and it is very successful. He uses the 8 and 20 EMAs and monitors the daily chart for an EMA crossover. When he gets a crossover signal, he drops to H4 for a trigger. He is not very concerned about waiting for a pullback as I am. This is copied from one of his posts:
The trading rules are simple: 1) D1 - EMAs crossed for signals 2) H4 - to trigger trades - D1 EMAs must clearly crossed one another - EMAs 8 & 20 (H4) crossed - candle closed below or above EMA100 Previous day candle needs to close below (sell) or above (buy) 8 EMA. To sell. previous day candle must be a bearish candle & vice versa.
{quote} yanah12 can correct me if I am wrong, but he has a (very) slightly different approach to me that he came with when I started this thread and it is very successful. He uses the 8 and 20 EMAs and monitors the daily chart for an EMA crossover. When he gets a crossover signal, he drops to H4 for a trigger. He is not very concerned about waiting for a pullback as I am. This is copied from one of his posts: The trading rules are simple: 1) D1 - EMAs crossed for signals 2) H4 - to trigger trades - D1 EMAs must clearly crossed one another - EMAs...
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Very clear, thx Alistair. This system is an additional option to find good trades, I will definitely try it!
{quote} yanah12 can correct me if I am wrong, but he has a (very) slightly different approach to me that he came with when I started this thread and it is very successful. He uses the 8 and 20 EMAs and monitors the daily chart for an EMA crossover. When he gets a crossover signal, he drops to H4 for a trigger. He is not very concerned about waiting for a pullback as I am. This is copied from one of his posts: The trading rules are simple: 1) D1 - EMAs crossed for signals 2) H4 - to trigger trades - D1 EMAs must clearly crossed one another - EMAs...
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Yes, I make my trading rules as simple as possible. Daily tf for directional bias & H4 for trigger.
The trades could either be trend continuation trades or reversal ones.
This trade is going well. I see you placed your target at the daily high - for me that would be about 136 pips up. I went for the H4 high instead - 74 pips. My trade is now at break-even.
MA Crossover System that works for me
