BK.......would it be too much trouble for you to post the 20 or so pairs that you are testing .so my alert illl be able to ork for me ..... thanks a bunch..............Don
- #642
- Feb 28, 2012 2:37pm Feb 28, 2012 2:37pm
- | Commercial User | Joined Aug 2011 | 1,121 Posts
Follow me to the Promised Land
- #644
- Feb 28, 2012 4:18pm Feb 28, 2012 4:18pm
- | Commercial User | Joined Aug 2011 | 1,121 Posts
Follow me to the Promised Land
USDCAD is closed down 10SMA. Anyone takes this one?
Just got long NZDUSD on break of the 10sma, in nice long term trend and currently above 10/31/2011 swing high, stop @ .8150 (giving this puppy some room to bounce around).
Great system and thread BKG.
Jon
the monthly charts showing these 3 pairs having similar formations: mb+pb
once mb is crossed, looking to see the trend to stay for the near term
p. s. i don't use 200ma bcos it is "far" from 10ma... unless 1 or 2 candles apart. mike's post 625 showing a flat 200ma, at times it is not an easy task to justify a trade? ones would have missed a month of profit opportunity for not trading starting on Dec 20 even thou 10 was under 200.
cheers
Hi folks,
I am looking for a buy in the Aud/NZD.
we can pick about 100 pips before the price touch the 200 ema line.
Dutchsignals
it is a 3tr trial the bull candle broke up 20sma in a month.
trade it with care (mm) as it is just 1 to 2 candles distance from 200sma.
my 2 cents view on 200 is in the previous post.
suggestion: try looking at usd or jpy pair
cheers...
chow... got to work...
2 pb appeared already. i trade it with a proper mm
worth to trade this pair, like oz and cad, with a proper mm...
the monthly charts showing these 3 pairs having similar formations: mb+pb
once mb is crossed, looking to see the trend to stay for the near term
p. s. i don't use 200ma bcos it is "far" from 10ma... unless 1 or 2 candles apart. mike's post 625 showing a flat 200ma, at times it is not an easy task to justify a trade? ones would have missed a month of profit opportunity for not trading starting on...
- #651
- Feb 28, 2012 10:25pm Feb 28, 2012 10:25pm
Hi Guys,
Grooler beat me to it buy a min or two, but here is my analysis...
Personally I like the USDCAD trade.
I've entered short at 0.9934 on the close of the 10SMA break at 0.9938.
Recently the 1.0048 resistance was tested (as well a the SMA200) and failed to break out.
The price looks to be ranging between 0.9899 to 1.0048 on the weekly.
It looks to be heading down in accordance with this system to test the support at 9899 and if broken has room to move down to the next support at 0.9783.
Chart attached.
Cheers,
Miike...
The AUDNZD trade was another that I wrote down last night and inspected this morning on the candle open. But there was no way I was going to take it when it was right in the face of a downward 200SMA plus the size of the bull candle that closed past the 10SMA was too large.
Hi Rokz,
Your entry was not aligned with this strategy, as the pin bar was not a close of the 10SMA cross.
Still a top entry in terms of a profitable trade.
Cheers,
Miike
- #654
- Feb 28, 2012 11:51pm Feb 28, 2012 11:51pm
How do you all feel about the GBPNZD ? The setup doesnt look too bad. its just that the risk/reward ratio does not seem too good, especially since its had trouble breaking the 1.875 resistance.
How do you all feel about the GBPNZD ? The setup doesnt look too bad. its just that the risk/reward ratio does not seem too good, especially since its had trouble breaking the 1.875 resistance.
btw g/cad, g/aud, g/nzd have similar formations... pb on daily feb 15 and pb on weekly, just that all are seen to be in ranging... well, i turn to usd and jpy as they provide now trending opportunities!
happy pipping!
