Odds are with a 4hr KISS

Hi Olu, it is the 5, 20, 200 ema's.

Thanks for the correction

hi...great thread... hope you dont mind my input as i trade in a similar fashion ... long eur/usd at the moment ...we had a nice green candle break of the 20ema which is also starting to move upwards ( turning green ) also i like to use the parabolic sar to confirm (also green ). very technical i know!..
i generally try to enter on a pull back .. in this case 50% retracement of the breaking green candle, also some support /resistance to the left .
entry at 1.3271.... stoploss at 1.3221....looking for about 130 pips, but will move to break even if price hits the 76% retrace of the last wave down at 133.43. slightly worried that i should not have held the trade over the weekend . well see..
im hoping to learn something on this thread .. all the best .

trade broke even ... stopped at 76% retracement ... possible short entry at 132.55 area after another pullback to s/r but bar to big for me the stoploss would have been 77 pips .

gbpusd short entry at 1.5273 ... again waited for a pullback to S/R level .. stop loss better at 1.5323/ 54pips....breakeven point at the 76% retracement. looking for 140pips ....
hope these trades are compatible with the thread .. the entry /exit tactics are different ... any comments , also added a macd or what i think is macd from my charts software, dont know never used it .. anyone care to educate me .. thanks .

Welcome Aboard Booker66! Thanks for posting your charts. While they aren't exactly the same we trade here...they are fairly close. If you are comfortable with what you're doing now, keep at it. It appears your analysis is good. I really like how you are patient and wait for retraces in order to reduce risk! I wish I had a great way to explain macd for you, but I don't...I basically use it to see where the momentum is heading in the market.

Keep up the good work,
211

thanks 211.. i think were on the same wavelength .. but theres always different ways to skin a cat as they say... ive been picking off these trading patterns for a while now ...there not 100% but it happens a lot and with a good risk/reward ratio .
at the risk of posting to many charts theres a good example on usd/chf this past 2 weeks ... nice with the trend trades .. i didnt max out the pips obviously but took enough .. thanks again .

usdcad has passed the 123 test

My charts still show UCAD above the 200ema and 20ema...so not quite a short setup yet. Also, it appears UCAD is in a wedge(making lower highs as well as higher lows)...have to be careful with this pair until it picks a definite direction.

good call.....

Looked at the charts again last night after I posted on the thread and decided to wait for a close below 1.0050.

only to find it rallied hard.

in a multitude of counsellors...

Thanks everyone. Saved a lot of pips here and God knows I need to make some

We all need to make pips right...that's why we trade!

For those of you following this thread and finding success with it, I'd like to thank you. You probably won't see me posting any more examples of this setup/method anymore because I'm actually working on a variation of this...making things even more simple! Once my work is complete, I'll be more than happy to share.

Until then, feel free to keep posting your trades in current form and/or ask questions as I will continue to read this thread and provide whatever input I can!

Happy Trading!!!

p.s. hope some people made some pips on the ride down on GU, EU, EJ...I know I did!!!

For those of you who were following this method and liked it...I have finished my work on a new/modified version that is a little more simple yet takes good judgement on your part. In short, there is no more 5/20 moving average cross to look for. Nor is there 3 moving averages...but only 1. If you are truly interested in putting the time/effort into studying/using this new method...please PM me for the details. I have become quite the busy person since the addition of my first son so my time may be limited on occasion. Hence the reason not many posts in a while...always please be patient in my replies if you do PM me.

Once again, I would like to work with people who are truly interested in this type of method and not looking for some "get rich quick or holy grail" method. You only get out of the market what you put into it...meaning your hard work will result in profits.

Side note....you need to be experienced in price action & price patterns for this to be successful. The entries are not mechanical or automatic...it takes traders knowledge/skill.

For those of you using the new version...how are you doing with it? GU gave a couple nice trades this week and GJ if you trade that. EU gave a fakeout today if you took it...and not much going on with EJ.

PM me with how you like the new version and how it's going.

Happy Trading

For those of you who received the new trading version...can you pm me and let me know how you are doing with it? Thank you.

All I've heard is crickets from those of you who received the updated version! So what's the deal...have you guys/gals 1) used the system with success, 2) used the system without success, 3) used the system and been at breakeven, or 4) stopped using the system all together?

Thank you.

Where is the new version? Thanks.

It was emailed to about a dozen people to test out and see if it was better than the the first. I'm still waiting to get some feedback from those who I sent it to!

Well, it looks like most people on here just wanted to view the new method with no intention of reporting back to me. I haven't had 1 person give me any feedback yet. It's frustrating and rather disappointing. I was thinking of possibly setting up a chatroom to discuss this method freely whever people have spare time. Is there anyone who is truly interested in this method???