PA Trading with EMAs and common Sense

BTCUSD 5M (DEMO)

weekend demo trades on bitcoin

first trade was long off support targeting a break of ema200

second trade was short off resistance targeting a break below ema200, resistance didn't hold so two more orders were cost averaged in as price straddled ema200, then after one final attempt to push up and squeeze out the shorts while trapping more longs, price quickly moves back down to target to close off the orders...

EURUSD 1M (DEMO)

long off support and ema50 anticipating trend continuation - ema50 didn't hold so entered a second order looking for ema200 as support, which it reached so entered a third order


after this strong move off ema200, decided to adjust targets accordingly as the uptrend appears to continue...




which pays off as each target is acquired...

one..


two..


three!

BTCUSD 1M (DEMO)

long off support looking for ema200 to hold and cost averaged down to it targeting quick profits at previous high

BTCUSD 5M (DEMO)

long again at same levels as previous trade cost averaged down to ema200 on the 1M chart targeting longer profits at previous resistance on the 5M chart

BTCUSD 5M (DEMO)

long again after break above ema200 targeting previous resistance, cost averaged up expecting trend continuation as it held above ema200, got a bit worried when it broke below but made one last order when it looked good again


it was a long trade and almost ended in a loss but provided big profits to end the weekend with a huge pip haul between the three trades...

EURUSD 1M (DEMO)

short off resistance, then again and again targeting a return snd break of ema200...

GBPUSD 1M (DEMO)

long off ema support looking for trend continuation once ema50 broke above ema200 targeting previous highs...

EURUSD 1M (DEMO)

countertrend long off support targeting below previous high around ema200 at the time, entered too early so made a second order, price continued to fall so waited, then it bottomed out and after a bit of sideways action eventually broke out to reach targets...

GBPUSD 1M (DEMO)

long off ema support looking for trend continuation targeting previous highs...

pullback ran deeper than expected so cost averaged in additional orders but after the strong bounce off ema200 targets were achieved!

EURUSD 1M (DEMO)

countertrend long after ema9 overextension, targeting a return to ema200, cost averaged as downtrend continued and began to retrace

the retrace didnt hold and support broke so waited it out until signs of a reversal which came in the form if the beautiful pin bar

that produced an inverted head and shoulders which once broken provided strong momentum to my targets!

EURUSD 1M (DEMO)

same principle as previous EU trade, countertrend long after ema9 overextension, targeting a return to ema200, cost averaged on support levels as downtrend continued

after a minor retrace support broke so waited it out until signs of a reversal which came in the form of a V shaped recovery

that produced the momentum to break above ema200 and reach my targets!

BTCUSD 1M (DEMO)

countertrend long off support level after ema9 overextension targeting just below previous resistance

after a slow retrace the break above ema200 failed to hold and the support level broke soon after so cost averaged down to next support levels while retaining targets

the support level held and pushed price up above ema200 and into my targets lap!

XAUUSD 5M (DEMO)

countertrend long off support expecting it to hold so added many positions around that level , originally targeting previous high - the support level broke but quickly returned resulting in a very stubborn sideways action until target was reached on a break just above ema200

GBPUSD 1M (DEMO)

countertrend long off support targeting previous high...

AUDUSD 1M (DEMO)

long off ema200 support expecting a bounce up to target just below previous high...

GBPUSD 1M (DEMO)

countertrend short off resistance and ema200 targeting previous low, price broke above ema200 for a bit but then smashed back below into targets...

GBPUSD 1M (DEMO)

countertrend short off resistance after overextending ema9 targeting ema50, cost averaged two more orders when resistance broke, original target was lower but was adjusted to follow ema50...


wise move!

BTCUSD 1M (DEMO)

long off support looking for a break of ema200 to hold, stopped adding orders when it failed to hold but it also failed to pull away from it and squeezed out the shorts once price broke above it again

targets taken in two parts, first part at lower resistance area, second part at a higher resistance level...

BTCUSD 5M (DEMO)

long off support looking for uptrend to continue as it tracked nicely along with ema200, targeting previous resistance...

Niks, Do you enter the market without stop loss?
You are very brave.