{quote} 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. {image}
Green pips to everyone
MA Crossover System that works for me
- #743
- Edited 5:57am May 5, 2023 3:38am | Edited 5:57am
Entered long AC. Low Probability trade but the rejection at MA looks good. {image}
Also, the daily chart shows a weak uptrend, very weak, if it is even up - the EMAs have just crossed up - but it's not a clear move yet. We should probably call this sideways. It is important that "the force is with you", which means you need to check that the dominant trend (on the next higher TF) is clearly in your favour.
{quote} You have bought just below resistance, so you can expect a pullback or even a reversal from that level. I see that level is at a BRN (big round number), namely 0.9100.{image} Also, the daily chart shows a weak uptrend, very weak, if it is even up - the EMAs have just crossed up - but it's not a clear move yet. We should probably call this sideways. It is important that "the force is with you", which means you need to check that the dominant trend (on the next higher TF) is clearly in your favour. {image}
. Ready for the next one. I agree with all your observations though.
{quote} You have bought just below resistance, so you can expect a pullback or even a reversal from that level. I see that level is at a BRN (big round number), namely 0.9100.{image} Also, the daily chart shows a weak uptrend, very weak, if it is even up - the EMAs have just crossed up - but it's not a clear move yet. We should probably call this sideways. It is important that "the force is with you", which means you need to check that the dominant trend (on the next higher TF) is clearly in your favour. {image}
This is yesterday's currency strength meter from Babypips' website.
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Green pips to everyone
{quote} Yanah12, are you not looking at 100 EMA on D TF. Just the cross of 8/20.
I can answer your question by quoting from one of yanah12's posts, where he said "Added EMA100 on H4 chart to validate the buy/sell signals & to act as S/R."
So at first he did not use 100 EMA at all, but then added it to H4 only at a later stage.Yanah12 please add or correct as needed
