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Daily Chart w/ 10sma

  • #181
  • Jan 15, 2012 4:05pm Jan 15, 2012 4:05pm
BTW I want to thank those of you that have voted and given this thread a 5 star rating. I hope to help everyone here to become a better trader as well as myself. I will be trying to offer more input as time allows. Thanks again!!
Please ask questions and share your experiences with us all!
  • #182
  • Jan 15, 2012 6:29pm Jan 15, 2012 6:29pm
Quoting bkg102665
BTW I want to thank those of you that have voted and given this thread a 5 star rating. I hope to help everyone here to become a better trader as well as myself. I will be trying to offer more input as time allows. Thanks again!!
Thx for sharing this fantastic system. Would you be kind enough to explain how do you get those Aqua color S/R lines?

thx and good luck in trading

N.
  • #183
  • Jan 15, 2012 6:50pm Jan 15, 2012 6:50pm
Quoting N11
Thx for sharing this fantastic system. Would you be kind enough to explain how do you get those Aqua color S/R lines?

thx and good luck in trading

N.
Sure! When you grab a horizontal line off of the toolbar and drag it on your chart, right click on it and change the color to aqua.You can just add the attached indicator which needs to be loaded in your expert file and drag it on your chart and the lines will be aqua plus it has a support and resistance number attached to the line which is nice.You can move those two lines where ever you see as support and resistance.
Attached File(s)
File Type: ex4 BKG_SuppRes41E.ex4   8 KB | 961 downloads
Please ask questions and share your experiences with us all!
  • #184
  • Jan 15, 2012 7:49pm Jan 15, 2012 7:49pm
Quoting N11
Thx for sharing this fantastic system. Would you be kind enough to explain how do you get those Aqua color S/R lines?

thx and good luck in trading

N.
Did you get it figured out?
Please ask questions and share your experiences with us all!
  • #185
  • Jan 16, 2012 2:47am Jan 16, 2012 2:47am
Quoting bkg102665
Did you get it figured out?
Yes it works. Many thx!
  • #186
  • Jan 16, 2012 3:40am Jan 16, 2012 3:40am
My system uses of SMA 20 and 40 on a daily chart. Following the trend of the moving averages to enter trades.

Has been working great thus far.
  • #187
  • Jan 16, 2012 5:50am Jan 16, 2012 5:50am
Nice Thread, I will follow it with much interest.
  • #188
  • Jan 16, 2012 6:19am Jan 16, 2012 6:19am
Quoting ombletrader
My system uses of SMA 20 and 40 on a daily chart. Following the trend of the moving averages to enter trades.

Has been working great thus far.
Thats great. Good luck and trade well!
Please ask questions and share your experiences with us all!
  • #189
  • Jan 16, 2012 5:06pm Jan 16, 2012 5:06pm
A bounce of the 20 sma paired with the bullish engulfing candle (01/04/2012) signal to take a long position on USD/CHF and look for exit at the next resistance point.

I like to trade after a full trading day in the US has been completed. Ex. Monday pm or this week Tuesday PM.

So I don't trade every day, I just try to make money and stay consistence.

http://ombletrader.com/usdchfdaily.jpg
  • #190
  • Jan 16, 2012 5:58pm Jan 16, 2012 5:58pm
Quoting ombletrader
A bounce of the 20 sma paired with the bullish engulfing candle (01/04/2012) signal to take a long position on USD/CHF and look for exit at the next resistance point.

I like to trade after a full trading day in the US has been completed. Ex. Monday pm or this week Tuesday PM.

So I don't trade every day, I just try to make money and stay consistence.

http://ombletrader.com/usdchfdaily.jpg
Hi om
I like Ma so much.
Would you consider to create a thread to discuss your trading method?
Like how do you make entries with MA20 + MA40?
I sure will frequent there?
Cheers
  • #191
  • Jan 16, 2012 7:10pm Jan 16, 2012 7:10pm
Quoting sniperfxmy
Hi om
I like Ma so much.
Would you consider to create a thread to discuss your trading method?
Like how do you make entries with MA20 + MA40?
I sure will frequent there?
Cheers
sounds like a good idea sniperfxmy. I try to set something up this week or by next week for sure.
  • #192
  • Jan 17, 2012 3:34pm Jan 17, 2012 3:34pm
I just took a short position in the CHF/SEK @ 7.2927 looking to for a target at 7.2770.

http://ombletrader.com/archive/jan20...-20/chfsek.jpg

Be careful this pair is know to have extreme pip spread during after hours.
  • #193
  • Jan 17, 2012 7:16pm Jan 17, 2012 7:16pm
Quoting ombletrader
I just took a short position in the CHF/SEK @ 7.2927 looking to for a target at 7.2770.

http://ombletrader.com/archive/jan20...-20/chfsek.jpg

Be careful this pair is know to have extreme pip spread during after hours.
Based off of this thread why did you take the trade?
Please ask questions and share your experiences with us all!
  • #194
  • Jan 18, 2012 3:26am Jan 18, 2012 3:26am
Quoting bkg102665
Based off of this thread why did you take the trade?
Earlier I showed that instead of using a daily chart with 10sma I suggest using 20 and 40 sma.

I was also asked to create a separate post where other traders can follow along with my trading strategics. I did not have the time at the moment I enter the above trade, so I posted my trade on this thread.

My target in CHF/SEK was meet 04:18am EST.
  • #195
  • Jan 18, 2012 8:18am Jan 18, 2012 8:18am
Quoting ombletrader
Earlier I showed that instead of using a daily chart with 10sma I suggest using 20 and 40 sma.

I was also asked to create a separate post where other traders can follow along with my trading strategics. I did not have the time at the moment I enter the above trade, so I posted my trade on this thread.

My target in CHF/SEK was meet 04:18am EST.
hello, with great respect to all, this thread is for using one ma, the 10. your system of waiting for retrace to enter between two ma is good, but there are many threads, for many time frames here on forex factory about just that....

i like the simple approach of S and R and the 10sma that BKG is teaching here...

thanks!
  • #196
  • Jan 18, 2012 8:31am Jan 18, 2012 8:31am
Just took a short on the USDSEK w/ stop @ 7.05

T.P. open for now.........chart attached
Attached Image (click to enlarge)
Click to Enlarge Name: SEK.JPG Size: 148 KB
  • #197
  • Jan 18, 2012 11:28am Jan 18, 2012 11:28am
Hi BKG, what do you think about the AUDUSD?? Of course, we have to wait the end of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 56 KB
  • #198
  • Jan 18, 2012 1:49pm Jan 18, 2012 1:49pm
Hi BKG thanks for this great system and hello all. Will be looking at these three tonight.

H
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 15 KB
Click to Enlarge Name: EURCAD.png Size: 14 KB
Attached Image
  • #199
  • Jan 18, 2012 3:58pm Jan 18, 2012 3:58pm
Quoting ok2me
hello, with great respect to all, this thread is for using one ma, the 10. your system of waiting for retrace to enter between two ma is good, but there are many threads, for many time frames here on forex factory about just that....

i like the simple approach of S and R and the 10sma that BKG is teaching here...

thanks!
My apologies I didn't mean to take the spotlight away from BKG. I mealy wanted to share my tradings and strategics with fellow trades. I will refrain from post any further trades using my system on this thread.
  • #200
  • Jan 19, 2012 7:45am Jan 19, 2012 7:45am
ok, here is trade i took. EurJpy long. I am looking for a steady correction uptowards the 200 sma (green). also, that might be the 4th upwave in downtrend... will encounter strong resistance at psych 100 level...

also, I realize this will depend on how eur does over the next few weeks, and risk sentiment.

Thanks!
b
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 193 KB
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