Where would you place the trade?

Below are 4 charts :

5
15
60
4hr

EUR/JPY charts w/ 5 ema + 50 ema each

trends are as follows:

5 ------- down
15 ------- down
60 ------- up
4hr ------ up



assuming that we want to enter a long position considering the higher time frames are the dominant trend that we want to exploit,

at what point would you enter long?

Pfff,, Most difficult question ever!

buy from dip.....

Here's are the updated 5, 15 and 60 min charts


the uptrend continued successfully.


5 min ---- UP
15min ----- UP
60min ----- UP
4HR ----- UP


so where would you have entered long?

Here's a better picture of all the relevant charts and the setup.


Again we're only using 5ema with 50 ema on all the charts.


The white vertical line represents the 4hr 5/50 ema cross

The red line represents the 15MIN 5/50 ema cross




where would you have entered the trade?

how about this setup on the USD/JPY which happened a day or two earlier


again 5/50 ema cross on the 4hr chart is the white vertical line on all 4 charts

15MIN --- 5/50 ema cross is in red



here are the charts,

where would you have entered long?

how about the big setup of the week gentlemen

gpd/usd -- lot of pips


4hr --- 5/50 ema cross is the white vertical line in the charts

15MIN ---- 5/50 ema cross is the red


let me see if I can find a failure of this setup during the week

to let you know, I haven't traded this setup but maybe I should, what do you think? Is it worth trading?

Mind you I'll be honest I've been trading live for 8 months now. I have just been floating around even ever since I started.

Any suggestions?


kindest regards,

Mar Ko

well taking another look at the same EUR/JPY trade posted above, there is a lesson to be learned


notice how the white vertical lines on all charts have the 5 ema over the 50 ema and the slopes are all positive except for the 5 ema on the 15 min chart.


on the 5 min chart we see a 5/50 ema cross showing short but then it crosses long as shown by the orange line.


Would you take that trade, considering there might not be a retracement large enough to cause the 15min 5/50 ema's to cross short and then long which it ended up doing?

now look on the EUR/USD here is a good setup but the price did not retrace enough to send the 15min -- 5/50 ema to cross long and then cross short

instead, the only crosses of this nature happened on the 5 min chart:

you can see it on the orange line
the vertical white line in each chart is the 4hr 5/50 ema cross short



would you have taken the short cross on the 5 min chart for entry?

remember just above i posted a premature entry on the EUR/JPY with similar characteristics.

So would you enter 5 min crosses when all the other charts are in agreement with the overall trend?