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Daily Chart w/ 10sma

  • #241
  • Jan 27, 2012 7:45am Jan 27, 2012 7:45am
Quoting porfirio
of course jer ... This is a very personal

you prefer breaking of fractal h4 ... I prefer reading the candles w1

saludos friend.

looks like you lost on that one !

where did you place your stop ??
  • #242
  • Jan 27, 2012 8:55am Jan 27, 2012 8:55am

still in play



sl---- 1.90000 more spread
  • #243
  • Jan 27, 2012 11:12am Jan 27, 2012 11:12am
EUR/AUD Long..
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  • #244
  • Jan 27, 2012 11:24am Jan 27, 2012 11:24am
The same concept applies in all markets, oil chart.
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  • #245
  • Jan 27, 2012 12:56pm Jan 27, 2012 12:56pm
Quoting Jer21
The same concept applies in all markets, oil chart.
Jer21

I certainly do not want to upset anyone in this thread but I do like to stay on track. Do you have a 10sma on your chart that you use? Or do you just use fractals?
Please ask questions and share your experiences with us all!
  • #246
  • Jan 27, 2012 1:05pm Jan 27, 2012 1:05pm
BKG,

Nice simple system, I'm still short the USDSEK (as posted on Jan 18) to the thread..moving the s/l based on the 10sma.

How many trades will you keep working at one time??

(being that many pairs tend to move in the sme direction, just that some move faster than others).

Jon
  • #247
  • Jan 27, 2012 2:43pm Jan 27, 2012 2:43pm
hi bkg
I think it has run up ... e-u

in this case I enter h4, d1 not ... just a little before

saludos
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  • #248
  • Jan 27, 2012 5:16pm Jan 27, 2012 5:16pm
Quoting jmpforex
BKG,

Nice simple system, I'm still short the USDSEK (as posted on Jan 18) to the thread..moving the s/l based on the 10sma.

How many trades will you keep working at one time??

(being that many pairs tend to move in the sme direction, just that some move faster than others).

Jon
I will only be in four trades at any one time. I start with one or two and get profit locked on those then I may take up to two more trades if they meet my set up.
Please ask questions and share your experiences with us all!
  • #249
  • Jan 27, 2012 5:23pm Jan 27, 2012 5:23pm
Quoting porfirio
hi bkg
I think it has run up ... e-u

in this case I enter h4, d1 not ... just a little before

saludos
Not sure about your question here but I would be looking for a short signal on this pair now.
Please ask questions and share your experiences with us all!
  • #250
  • Jan 27, 2012 5:37pm Jan 27, 2012 5:37pm
Quoting bkg102665
Jer21

I certainly do not want to upset anyone in this thread but I do like to stay on track. Do you have a 10sma on your chart that you use? Or do you just use fractals?

I have it plotted on the daily, I just post my 4hr chart so others could see a where I enter with minimal risk exposure.

Once the daily candle closes above/below the 10sma, I look for 4hr fractal to be broken convincingly for confirmation that its a valid trend change.

This is a good example on GBP/AUD the daily closed on the 24th above the 10sma but on the 4hr there was only one bullish candle. I would like 3 or more bullish candle for a valid trend change. This was a total fake out and trade avoided.
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  • #251
  • Jan 28, 2012 3:39am Jan 28, 2012 3:39am
Quoting bkg102665
I will only be in four trades at any one time. I start with one or two and get profit locked on those then I may take up to two more trades if they meet my set up.
which are the 4 pairs you always trade?
  • #252
  • Jan 28, 2012 4:27am Jan 28, 2012 4:27am
Quoting bkg102665
Not sure about your question here but I would be looking for a short signal on this pair now.

why short ?
  • #253
  • Jan 28, 2012 10:09am Jan 28, 2012 10:09am
Quoting whatfx
why short ?
Mainly because euro has been in a major sell cycle, we are above the 10sma (so to late to be looking long), and we are close to resistance (daily candle closed full at a critical area).
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Please ask questions and share your experiences with us all!
  • #254
  • Jan 28, 2012 3:50pm Jan 28, 2012 3:50pm
Hey bkg102665,

How would you handle a trade like this? Bullish candle crossed on the 24th. Where would enter and place your stop?
Do you have a technique to filter out trades? or conditions to be met before entering?

I'm interested in your detailed approach..

Thanks.
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  • #255
  • Jan 29, 2012 3:38am Jan 29, 2012 3:38am
Hi Bkg & Traders

Should one go short on Monday open?
Reason: It is a star formation at the confluence level.

Or to wait for candle go below MA10?

Welcome opinion.

Happy Trading.
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  • #256
  • Jan 29, 2012 3:48am Jan 29, 2012 3:48am
Quoting bkg102665
Mainly because euro has been in a major sell cycle, we are above the 10sma (so to late to be looking long), and we are close to resistance (daily candle closed full at a critical area).

well, i would have thought that since the daily has closed 'above' the 10sma, according to your system, this is a buy signal ?

the 1 hr has formed an inverted hammer, so chances it may fall. but is the daily signal iverall not a buy, as closed above 10sma ?
  • #257
  • Jan 29, 2012 8:48am Jan 29, 2012 8:48am
Quoting whatfx
well, i would have thought that since the daily has closed 'above' the 10sma, according to your system, this is a buy signal ?

the 1 hr has formed an inverted hammer, so chances it may fall. but is the daily signal iverall not a buy, as closed above 10sma ?
It closed above the 10sma on Jan 17, that is when you should have went long. If you had you would be up 475 pips today.
Please ask questions and share your experiences with us all!
  • #258
  • Jan 29, 2012 8:51am Jan 29, 2012 8:51am
Quoting sniperfxmy
Hi Bkg & Traders

Should one go short on Monday open?
Reason: It is a star formation at the confluence level.

Or to wait for candle go below MA10?

Welcome opinion.

Happy Trading.
I would wait for a cross below 10sma. If I was going to take it before the cross of the 10sma I would have taken it up at resistance which is in the area of the star.
Please ask questions and share your experiences with us all!
  • #259
  • Jan 29, 2012 5:19pm Jan 29, 2012 5:19pm
Quoting sniperfxmy
Hi Bkg & Traders

Should one go short on Monday open?
Reason: It is a star formation at the confluence level.

Or to wait for candle go below MA10?

Welcome opinion.

Happy Trading.
I am current long this pair and I'm planning to hold it for a couple of months until price action proves me wrong other wise. I would turn bearish if 75.800 level breaks.

This is my last contribution to this thread.
Good luck to all!
  • #260
  • Jan 29, 2012 6:02pm Jan 29, 2012 6:02pm
Quoting Jer21
I am current long this pair and I'm planning to hold it for a couple of months until price action proves me wrong other wise. I would turn bearish if 75.800 level breaks.

This is my last contribution to this thread.
Good luck to all!
Thanks for your input and trade well my friend!!
Please ask questions and share your experiences with us all!
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