MA Crossover System that works for me

Quoting AlistairC

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I placed this NZDJPY trade earlier today and it caught the breakout nicely, although a pulback is currently underway. I'm hoping (expecting?) that the pullback bar will bump its head against the support / now resistance level and go back down again. It just shows again that the simple routine we should follow is to wait for the MA crossover, confirm that the trend is in place (check the HTF), wait for some kind of consolidation to form and then place a stop order just below/above the consolidation. That's all we need to do, again and again. And...

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Quoting Walddo

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{quote} For sure, so I actually entered at the dotted line just on that support line, still in the trade. I definitely chased a bit, but that's the furthest I'll chase. I def see the proper/prime entry is a bit further up on the bottom body of that last bull candle. Sorry for not mentioning it's 4hr. I just assumed that was assumed lol. {image}

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Quoting AlistairC

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This possible EURUSD trade is very similar to the GBPUSD one I posted about yesterday. Price has broken below the daily trend line and on H4 our favourite chart pattern is forming. Now for the breakout? Can anyone see any problems with this trade?{image} {image}

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Quoting AlistairC

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{quote} Actually, the level where you entered might be better than anything slightly higher up, for the simple reason that if the price action continues for any length of time after triggering your trade, then it is stressful for the trader waiting and hoping, and what if for some reason price does pull pack more deeply just there (Murphy's Law at play), then you are really sweating. Better to be slightly further away and be triggered by the actual breakout candle. That's the perfect scenario.

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Quoting Walddo

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{quote} LOVE IT man. I've learned SMC, ICT, Malaysian SNR, spent nearly a year working on tweaking an NNFX algo and to me...this is the gold. Simple = Scalability You have a brother in arms with the 8/21 4hr cross my friend.

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Quoting AlistairC

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{quote} Thank you. But think about this - all that learning now comes into play - you can't use this method mechanically, having lots of learning and screen hours behind you really helps to make a method like this simple and effective.

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Quoting AlistairC

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{quote} We have breakout! This is what usually happens after a period of consolidation, whether that consolidation is a short, local one or days- or weeks-long one. And, while we don't want to get caught in a period when price goes nowhere, so too must we welcome such times because we can benefit from the breakout. I got caught up in one H4 pullback bar, but luckily, it didn't last long. {image}

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Quoting AlistairC

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{quote} I closed this trade manually for 73 pips when I saw that a big pullback was underway - and also when I saw the bullish BOE bank rate decision. It seems safe to get back in the water again, so this is today's trade on the same GBPUSD pair. {image}

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Quoting josi

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{quote} https://www.forexfactory.com/thread/...5#post14523825

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Quoting AlistairC

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{quote} That thread seems to be a madhouse!! But a useful comment about which way GBPUSD might be heading.

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Quoting Uru-trader

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I would like less but longer trades, so look at daily candles. On the USD/JPY pair I opened this trade during a pullback on the daily candle, using the 1H and 4H candles to check my point of entry. I have put in a 100 pip trailing stop so the trade is now well above BE point. My goal in trading would be to close when there is a bearish crossover, however I doubt about the trailing stop at only 100 pips might stop me out before a new crossover. Let me know your opinion? {image}

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Quoting L,,Olonese

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HI interesting what I see, IB 4h actually pullbacks are seen in the last daily short movement in eur/usd. I'm new to your thread and read that you spent a lot of time testing it. I'd like to ask you a few questions if you allow. You take your long short moves when you are sure that a trend is taking place 4h TF and ok. But first, when the trend is forming and that is when the EMAs are still inverse of your yet to come trend, have you tested if your IB method works in lower TF with 1h IB bars? Then another question and this time I'm referring to...

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Quoting Uru-trader

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{quote} IB ??

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Quoting L,,Olonese

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HI interesting what I see, IB 4h actually pullbacks are seen in the last daily short movement in eur/usd. I'm new to your thread and read that you spent a lot of time testing it. I'd like to ask you a few questions if you allow. You take your long short moves when you are sure that a trend is taking place 4h TF and ok. But first, when the trend is forming and that is when the EMAs are still inverse of your yet to come trend, have you tested if your IB method works in lower TF with 1h IB bars? Then another question and this time I'm referring to...

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Quoting Erebus

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No fim de semana podemos ser um pouco bobos. Qual é o segredo da vida? Uma coisa, apenas uma coisa, você se apega a isso e todo o resto não significa merda nenhuma Isso é ótimo, mas qual é a única coisa? Isso é o que você tem que descobrir. https://youtu.be/X4CvFWCULuI Qual é o segredo da negociação? Uma coisa, apenas uma coisa, você se apega a isso e todo o resto não significa merda nenhuma Isso é ótimo, mas qual é a única coisa? Isso é o que você tem que descobrir.Para mim, é o preço de fechamento...

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Quoting romulorios

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{quote} tell us more about this movement

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