Signals with Moving Averages

We're now at a point where we can adjust the trade line (support) toward a new (better) level as indicated by green line.



BUT the pullback still a problem, we need to switch to M1:



A total mess! We decide against the trade.

Above is the procedure we need to follow to do a safe trade. It seems painful but it all happens very fast especially when working down to M1. Looking at different TF charts on one screen doesn't work for me. You will get lost and in the end you will decide to trade where the ideal situation wasn't met yet.

I will talk later perhaps. Need to get back to bed. Too little action anyway. See you.

I think its the right time to raise the question once more: Is it really worth the effort trading any thing lower than daily?

Take the smallest return of the 10 trades, which is 8000 and multiply with the number of trades, you get 80,000 over a period of 56 working days.

Extrapolate it over one year; a staggering 360,000. Accept trading size per pip as $1, giving you $360,000. Not a bad salary I would say.


Would like to receive your comments.

Back to bed for me. Seems I'm getting worse.

H4 is working towards a signal; others are in sync except for M15 which is a bit dicey at this stage.

We need m15 to turn up which seems not to happen.

Expect US to fire it up.

All working in the same direction now.

Check for a break of 4567. M15 need to close first.

The pullback made me panic but found support as you can see (arrow). Always dicey to trade close to Dow open. Could manage to get 410. The pips not worth the stress.

Touched support on M15 again. May swing higher but not going to take a chance. M15 need to turn back up first

Hope you made some pips. After a break of resistance/support always better to take profit BEFORE candle close. Even if its a mere 100p.

Sleepy now, talk later tonight.

Back; I see resistance still hold but new support is developing on H1

We must refrain from trading levels. Sounds strange? No; we must use support/resistance levels to find early entries; that's the main goal.

Glitter lines are the main indicators.

Black now coming from NML (no man's land) on m30 and M15.

We should watch Daily as time progresses in order to hit the jackpot.

You can trade when M30 closes. Will show entry line closer to close. Skipping a candle on M15 will be in place when 4555 is crossed.