Signals with Moving Averages

What's the use of trading TF's that will give you 1000 to 2500 at best, while you can trade daily that give you on average 10000. Below the signals on daily which works just the same as on shorter TFs. You get a signal, set a SL at 1000, TP at 10,000 and walk away. Go fishing. I traded the last one on the chart, got in too late and is stll running.

Even if you set your TP at 5000p you still have a risk/reward ratio of 1:5. Which is abnormally excellent. Some traders even make money with a ratio of 1:1.

The trade was at some stage at a profit of 3900 and negative at some stage of 400p. I went for a nap and when back it was at profit of 2457; I then close it because it has reached a resistance level at 4777 on H4. I should have gone fishing instead



I just wanted to proof a point for trading on daily. The trade should have ended in a profit of 3900 and not 2457.

I checked the daily chart on a lot of other pairs but there were no signals for today.

My trade hit its target of 5000 moments ago but is racing higher.

H4 gave a better entry at 4732, which is 600p better than my entry at 4738.



TO CONCLUDE: Daily works with the support of H4. Nothing lower.

Yesterday was a super day for pairs other than gold. Mega pips.

My remark from earlier today. Check back and you will see its in 99% the case.

Good morning guys. It seems we can get a daily signal during the day, see chart:

These guys were wrong yesterday with their assessment.

An extension of a trend on daily could initiate a signal, but then H4 need to supply the signal. See below

US500(daily)



US500(H4)

H4 (gold)

Set your screen(s) up like this to monitor the progress

I'll be away this morning up to 12h00 on my clock.

The daily trade of yesterday delivered in the end 6300p. The SL of 1000p wasn't really in danger; the trade went 400p against me at some stage.

Signals a further drop. Black below blue at close

Black still below blue but now going up. When current H4 close, black will overtake blue and a signal will in place; with support still holding steady below. Seems a signal on Daily is on the charts. Maybe we'll get another 5000 "pipper" today.