Cable Update (GBPUSD)

Quoting _BBKing_

Disliked

{quote} well, I started my trading experience with Moving Averages. Then after some years I did not use them anymore. Lately, looking for something additional to filter entries, I started using them again in faster timeframes. The real problem about moving averages is that they , same as all indicators, tells you what happened until that moment, but they don't tell you wher is better enter or exit a trade. And when they do, that's because, by chance, the line comes closed to important S/R levels. So I came to a simple conclusion: 1. I need them...

Ignored

Quoting _BBKing_

Disliked

{quote} well, I started my trading experience with Moving Averages. Then after some years I did not use them anymore. Lately, looking for something additional to filter entries, I started using them again in faster timeframes. The real problem about moving averages is that they , same as all indicators, tells you what happened until that moment, but they don't tell you wher is better enter or exit a trade. And when they do, that's because, by chance, the line comes closed to important S/R levels. So I came to a simple conclusion: 1. I need them...

Ignored

Quoting navk

Disliked

{quote} All Indicators say what happened. But ... unlike other indicators... moving averages say the trend will continue for that session, for example friday NY session. {image}

Ignored

Quoting navk

Disliked

{quote} This is asian session moving average behaviour {image}

Ignored

Quoting Ferna

Disliked

Only in Saudi: https://www.youtube.com/watch?v=cIpBpGQ0XTI

Ignored

Quoting _BBKing_

Disliked

{quote} yes I see, indeed I also use them I prefer the slower lookback period at least the 100 and 200. But I am unable to use them as entry. Too many times I received a slap in my hands and burnt by touching the hot trigger in wrong timing. Maybe I was a noob at that time, now I have the ability to make a distinction between a bounce and a reversal.... I prefer looking at price. If I have a good price level to trade off AND there is an ema in the correct slope AND stuff, then ok, I pick the trade. Also I'm trying to develop an automated thing to...

Ignored

Quoting turnip15

Disliked

{quote} Only in the UK ? https://www.youtube.com/watch?v=CSYwQrH6kjA

Ignored

Quoting navk

Disliked

{quote} Entries are MTF MACD ( 15 mins ) signal cut. I have removed all other lines for simplicity. The problem is within us. Fear complex. {image} {image} {image}

Ignored

Quoting navk

Disliked

{quote} This is frankfurt / London session moving average behaviour

Attached Image (click to enlarge)

Attachment g

Ignored

Quoting _BBKing_

Disliked

{quote} ok but let me show you what I mean as my problem with the trigger this, should be a setup to trigger short?{image} Same as this should be a setup long {image} what makes the difference between them? or do you trigger entry along the way on th faster Ema?

Ignored

Quoting _BBKing_

Disliked

In detail… sorry just curious to understand what I am maybe missing and so improving {image} {image}

Ignored

Quoting navk

Disliked

{quote} You have marked three circles in your chart for long. All are late entries. Read my previous post pls. 8/21 ema closes above 50 ema/sma + 15 min MACD crosses up. That is the first instance... and that is the best long entry ( price 1.2700/01)

Ignored

Quoting _BBKing_

Disliked

In detail… sorry just curious to understand what I am maybe missing and so improving {image} {image}

Ignored

Quoting _BBKing_

Disliked

{quote} ok got it. i prefer different approach this is what i saw Friday morning {image} was short near 2702 price was down then reversed up when it took me out @be I switched to long the very first reaction, however, was around 2685 when price broke the setup. I didn’t notice we were in buy area, so I came late both in taking profits and entry long. I use Ema only for direction, but I decide the entry based on price behavior. That’s why I need to focus on most important levels

Ignored

Quoting navk

Disliked

{quote} I agree price behaviour at support/resistance levels to be watched closely. But that is not entry point, because, the price is bound to break those support/resistances easily to take our stops. lol

Ignored