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PA Trading with EMAs and common Sense

  • #901
  • Sep 29, 2024 10:56pm Sep 29, 2024 10:56pm
CHAPTER 8 - Trend Reversals
page 179

the most reliable countertrend trade is countertrend to a pullback which is a small trend in the opposite direction of a major trend...
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once the pullback trendline is broken, any small pullback to test this breakout is a great breakout pullback entry...
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this entry is counter to the trend of the pullback, but in the direction of the major trend and will usually lead to at least a test of the major trend's extreme...
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happy trading!
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every minute matters!
  • #902
  • Sep 30, 2024 8:04am Sep 30, 2024 8:04am
M1 EURUSD - entries after multiple tops forming strong resistance in a pullback to a downtrend, targeting break of prior low...
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fade weakness, not strength!
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every minute matters!
  • #903
  • Sep 30, 2024 5:23pm Sep 30, 2024 5:23pm
Quoting niks
i'm always open to ideas and am interested in yours, feel free to provide an example of how you would use them on a 1 minute chart, your rationale for choosing that period, and how it would provide greater benefit over any other arbitrary period... length is a measure of totality and is not used in the formula, a period is an interval as defined in the formula... that's my understanding anyway!
It was just a suggestion because as I said originally:-

"If common sense is being used (and moving averages if you may, not my choice at all) the length should be appropriate to the chart timeframe....."

But note TradeStation software (which obviously has been around a loooong time) refers to:-

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I believe so does almost all of the industry.

But if it works, it works however it is referred to.
  • #904
  • Sep 30, 2024 5:30pm Sep 30, 2024 5:30pm
Quoting niks
M1 EURUSD - entries after multiple tops forming strong resistance in a pullback to a downtrend, targeting break of prior low... {image} fade weakness, not strength! {image}
you should try this bot
{ virus risk deleted by staff }
  • #905
  • Sep 30, 2024 8:21pm Sep 30, 2024 8:21pm
Quoting SunTrader
{quote} It was just a suggestion because as I said originally:- "If common sense is being used (and moving averages if you may, not my choice at all) the length should be appropriate to the chart timeframe....." But note TradeStation software (which obviously has been around a loooong time) refers to:- {image} I believe so does almost all of the industry. But if it works, it works however it is referred to.
software engineers are not mathematicians! they even changed the commonly used term "Shift" with "Displace", how many times have you heard the term Displace used in all of the industry?!

the industry is not tradestation, the most widely used trading platforms and educational material use conventional terms Period(s) and Shift as far as i know... but it is really just terminology and doesn't matter because when applied in the formula it all means the same thing...
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again, i understand exactly what you are suggesting, and just like moving averages are not your choice at all, your suggestion on how to use them is not my choice at all, but thanks anyway!
every minute matters!
  • #906
  • Sep 30, 2024 8:28pm Sep 30, 2024 8:28pm
EURJPY M1 long trades so far this morning... purple lines indicate trades
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We don't see things as they are - we see things as we are.
  • #907
  • Oct 2, 2024 12:06am Oct 2, 2024 12:06am
AU 2 shorts just now
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We don't see things as they are - we see things as we are.
  • #908
  • Oct 2, 2024 12:19am Oct 2, 2024 12:19am
M1 EURUSD
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Quoting sonicvista12
AU 2 shorts just now {image}
perfect, very nice trades mate, picked the down move nicely!
every minute matters!
  • #909
  • Oct 2, 2024 10:32pm Oct 2, 2024 10:32pm
M1 AUDUSD
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every minute matters!
  • #910
  • Oct 3, 2024 12:24am Oct 3, 2024 12:24am
Quoting niks
M1 AUDUSD {image}

great analysis and discipline to hold through that first pullback!
We don't see things as they are - we see things as we are.
  • #911
  • Oct 3, 2024 12:53am Oct 3, 2024 12:53am
Quoting sonicvista12
{quote} great analysis and discipline to hold through that first pullback!
cheers mate, caught the continuation as well!
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every minute matters!
  • #912
  • Oct 3, 2024 7:19pm Oct 3, 2024 7:19pm
2 Gold countertrend trades to start the new day... in between entering the trades and closing them I went back to the black & white template, everything is much clearer I reckon...

just a reminder, NFP in about 12 hours...
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We don't see things as they are - we see things as we are.
  • #913
  • Oct 3, 2024 9:38pm Oct 3, 2024 9:38pm
M1 EURUSD
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Quoting sonicvista12
2 Gold countertrend trades to start the new day... in between entering the trades and closing them I went back to the black & white template, everything is much clearer I reckon... just a reminder, NFP in about 12 hours... {image} {image} {image}
excellent way to start the day, executed with skill, great trades!
every minute matters!
  • #914
  • Oct 3, 2024 10:10pm Oct 3, 2024 10:10pm
M1 EURUSD - double dip!
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every minute matters!
  • #915
  • Oct 4, 2024 3:34am Oct 4, 2024 3:34am
M1 EURUSD
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every minute matters!
  • #916
  • Oct 4, 2024 4:03am Oct 4, 2024 4:03am
M1 EURUSD
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every minute matters!
  • #917
  • Oct 6, 2024 8:14pm Oct 6, 2024 8:14pm
M1 EURUSD
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every minute matters!
  • #918
  • Oct 6, 2024 8:32pm Oct 6, 2024 8:32pm
M1 EURUSD
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every minute matters!
  • #919
  • Oct 6, 2024 8:48pm Oct 6, 2024 8:48pm
M1 EURUSD
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every minute matters!
  • #920
  • Oct 6, 2024 9:21pm Oct 6, 2024 9:21pm
M1 EURUSD
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every minute matters!
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