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Daily Chart w/ 10sma

  • #121
  • Dec 20, 2011 2:59pm Dec 20, 2011 2:59pm
Good point TedgeUK... I need to be a little more diligent with watching the different pairs. I tend to stick to 4 or 5 and miss many opportunities.
  • #122
  • Dec 20, 2011 3:37pm Dec 20, 2011 3:37pm
Quoting RobFX
Would this be a valid trade LONG using this method as long as the close today stays where it is above the 10SMA? Or is the risk vs reward based on your target not worth it.

While I want to go long with this trade, logic tells me that I would have needed to get in earlier.
The trade looks good for now but keep your eye on it. Much rather be long here than short.
Please ask questions and share your experiences with us all!
  • #123
  • Dec 20, 2011 3:40pm Dec 20, 2011 3:40pm
Quoting Pipsgeek
I have gone long on AUD/USD @ 0,9985.

Gone up so far, but the fact that you didn't trade it makes me think I missed something.
Move your s/l to +5 and let it ride to your t/p target. This way it is a no loss trade and all your stress is cone.
Please ask questions and share your experiences with us all!
  • #124
  • Dec 20, 2011 3:47pm Dec 20, 2011 3:47pm
Quoting Tedge UK
long gbpchf
Go back and look at the weekly candle for this pair from last week. It has a long top wick which often means reversal is coming so just be careful with this one.
Please ask questions and share your experiences with us all!
  • #125
  • Dec 20, 2011 3:52pm Dec 20, 2011 3:52pm
Quoting bkg102665
Go back and look at the weekly candle for this pair from last week. It has a long top wick which often means reversal is coming so just be careful with this one.
yh I see what you mean bkg,but what swung it for me was yesterdays almost pin bar
  • #126
  • Dec 20, 2011 3:57pm Dec 20, 2011 3:57pm
Quoting Tedge UK
yh I see what you mean bkg,but what swung it for me was yesterdays almost pin bar
That is true but just remember your larger time frame (weekly pinbar) will trump the daily pinbar usually. I look for price to go up the weekly wick and the possibly reverse. It may not happen that way but just be careful.
Please ask questions and share your experiences with us all!
  • #127
  • Dec 20, 2011 7:14pm Dec 20, 2011 7:14pm
This morning I went long when price closed firmly above SMA10. So far the trade is going well. Let's see how far this can go or reverse on me while I am asleep.
Attached Image (click to enlarge)
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Forex is boring but profitable with patience and discipline
  • #128
  • Dec 20, 2011 7:38pm Dec 20, 2011 7:38pm
Quoting bkg102665
Funny you should sy that, I did trade it. I was short on it but reversed and went long. I did not mention it because it is not my typical trade set up. I have my t/p marked as you can see.
t/p hit with +120 pips
Please ask questions and share your experiences with us all!
  • #129
  • Dec 20, 2011 8:30pm Dec 20, 2011 8:30pm
Quoting bkg102665
Move your s/l to +5 and let it ride to your t/p target. This way it is a no loss trade and all your stress is cone.
What do you mean, exactly? I set a trailing stop of 10 pips.

I went long on EUR/USD @ 1,311680 even though I clearly typed 1,317815 into the limit order box. What do you think of this trade? Why is it good or bad? (originally I set the open price @ 1,317815 because that way it would be just above 10SMA).

MBT is pretty much impossible to use, I can't imagine ever using this with real money. So tomorrow I'm going to switch to a different broker that allows demo.
  • #130
  • Dec 21, 2011 3:51pm Dec 21, 2011 3:51pm
Quoting Tedge UK
yh I see what you mean bkg,but what swung it for me was yesterdays almost pin bar
took half off and letting the rest run (hopefully)
Attached Image (click to enlarge)
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  • #131
  • Dec 22, 2011 3:50pm Dec 22, 2011 3:50pm
Done with trading this week. You guys have a Mery Christmas.
Please ask questions and share your experiences with us all!
  • #132
  • Dec 22, 2011 4:03pm Dec 22, 2011 4:03pm
Quoting bkg102665
Done with trading this week. You guys have a Mery Christmas.
yh n u have a great one too bkg
  • #133
  • Dec 22, 2011 5:01pm Dec 22, 2011 5:01pm
Thanks same to you guys...
  • #134
  • Dec 22, 2011 5:26pm Dec 22, 2011 5:26pm
Same here also .. Be safe and Have a Merry Christmas.

Take Care
Always Learning
  • #135
  • Dec 22, 2011 9:09pm Dec 22, 2011 9:09pm
Quoting bkg102665
Done with trading this week. You guys have a Mery Christmas.

the 10sma, is it smoothed or simple ? is it to the close or open ?


merry xmas and happy new year all.
  • #136
  • Dec 23, 2011 7:56am Dec 23, 2011 7:56am
Quoting whatfx
the 10sma, is it smoothed or simple ? is it to the close or open ?


merry xmas and happy new year all.
simple close
Please ask questions and share your experiences with us all!
  • #137
  • Dec 30, 2011 7:54am Dec 30, 2011 7:54am
Quoting bkg102665
simple close
Hope everyone ready for trading next week....Happy new year everyone
  • #138
  • Jan 5, 2012 4:39pm Jan 5, 2012 4:39pm
Hey guys I hope everyone had a nice new year. I have been busy this week closing out the year end at work but I hope to be back in here next week with you talking, trading, and learning!
Please ask questions and share your experiences with us all!
  • #139
  • Jan 5, 2012 4:44pm Jan 5, 2012 4:44pm
I picked up around 320 pips this week closing a eur/jpy and eur/usd trade. I will get back to showing my trades next week hopefully. I hope you have not gotten lonely and left the thread, see next week!! I also tried a cad/jpy trade but it would just not drop so I got out with about 2 pips on that trade.
Please ask questions and share your experiences with us all!
  • #140
  • Jan 5, 2012 5:44pm Jan 5, 2012 5:44pm
Hey BKG et al., Happy New Year!!! I haven't been watching any charts this week, but I will definitely take a look at those pairs. See you next week...
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