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Daily Chart w/ 10sma

  • #941
  • Mar 21, 2012 10:44am Mar 21, 2012 10:44am
Quoting don555
Once again I thought this thread was all about taking the trade on the day of the cross not 3days later.
Can someone enlighten me please regarding the rules.
Once the pair has closed under the 10ma, it's a valid trade w/i this system. BKG has waited until a pair has retraced back to the the 10ma after closing above/below for better entry on many occasions.
  • #942
  • Mar 21, 2012 11:07am Mar 21, 2012 11:07am
Quoting Chicajudy
Hi Don,

How do I respond to your "private message" privately to you? I clearly cannot figure it out. Sorry about the delayed response; now, you know why.

Judy
Hi Judy click on Don555 member at the top left of the page it will then take you to a list on the left click on private messages and then scroll down to the bottom of the message and write your reply scroll down again and click on submit.
It is very similar to what we are doing here.
  • #943
  • Mar 21, 2012 12:23pm Mar 21, 2012 12:23pm
Quoting don555
Hi I have just noticed this as I went to my bed at 2am.
What was your reason for puting this one up I thought the point of this thread was to only take a trade that had crossed the 10 SMA.
I think it has crossed on my charts...I might be wrong

Olu
If you think you can or cannot do it you are correct
  • #944
  • Mar 21, 2012 3:15pm Mar 21, 2012 3:15pm
This pair is crossing down after A bounce off old resistance. But it goes back to June of 2011. I'm not sure it is that safe.The 200 is flattish to up.
  • #945
  • Mar 21, 2012 5:50pm Mar 21, 2012 5:50pm
The nzd/jpy has the same problem as the Aud/jpy. But at least the 200 sma is flat. I'm inclined to take the trade.
  • #946
  • Mar 21, 2012 9:31pm Mar 21, 2012 9:31pm
Quoting mdowd
This pair is crossing down after A bounce off old resistance. But it goes back to June of 2011. I'm not sure it is that safe.The 200 is flattish to up.

I am in this pair since yesterday so let's see how it unfolds.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH8.png Size: 44 KB
Forex is boring but profitable with patience and discipline
  • #947
  • Mar 21, 2012 11:29pm Mar 21, 2012 11:29pm
Quoting prftablefool
I am in this pair since yesterday so let's see how it unfolds.
I got in AUDJPY short yesterday as well at 87.834. Placed a TP limit at 86.75 before going to sleep. Today morning saw the aud had crashed and my TP was filled. Now looking to re enter around 86.75 again



DD
  • #948
  • Mar 22, 2012 12:46am Mar 22, 2012 12:46am
Sold again at 86.80. Let's see how it goes. Targeting another 100 pips but will be flexible.

Reason for taking this trade again is that the AUD is a bit weak. And the market is exceptionally Short JPY against most currencies. And we are approaching the month end.

May have some influence on the JPY on repatriation front to cover month end requirements in JPY

Fingers crossed

DD
  • #949
  • Mar 22, 2012 1:03pm Mar 22, 2012 1:03pm
Stopped out early this morning for a 5 pip profit.
  • #950
  • Mar 22, 2012 2:47pm Mar 22, 2012 2:47pm
This pair looks ripe for a sell off a breakdown from an old resistance. But it would pay to use a pullback
  • #951
  • Mar 23, 2012 12:19pm Mar 23, 2012 12:19pm
Moved the`stop loss when it went up 60 pips. Now stopped out for a 5 pip gain.
  • #952
  • Mar 23, 2012 12:31pm Mar 23, 2012 12:31pm
Quoting prftablefool
I am in this pair since yesterday so let's see how it unfolds.
prftablefool

which pair is this? do you have good results using stocastic and rsi on daily charts?
  • #953
  • Mar 24, 2012 6:18am Mar 24, 2012 6:18am
Right
I wish to share with you guys a little bit of my analysis on EUR/USD and hope for some good discussion about it. EUR/USD moves most of the market and I think next week might be crusial in mid/long term sentiment. I believe EUR is going up big time. On H4 we can see clear H&S pattern suggesting bulls are about to be released. However on Daily chart there is bearish H&S(double) with right shoulder rejecting down move. Which one is more important from tech point of view ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur.usd.h4h&s.gif Size: 20 KB
Click to Enlarge Name: eur.usd.d1h&s.gif Size: 18 KB
swing it!
  • #954
  • Mar 24, 2012 9:32am Mar 24, 2012 9:32am
Quoting migmac
Hi,

did anyone got in this buy eurusd trade? its coming from support, it brook 10sma and its going up, is this entry correct?
UPDATE: I am still on this trade +140pips , this is one good trade that I am having with this system, but I would like to see the thread owner more active
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 78 KB
  • #955
  • Mar 24, 2012 11:08am Mar 24, 2012 11:08am
Thanks for posting, Tomspin.

It is good to post charts and setups and I dont understand why this thread is not so interactive. This is a very good system and I thank for the few traders who had been posting of late.

I can see many threads where they post every now and then.

And Where is BKG? BKG, come on, you cannot run away after inventing such a beautiful system.

thanks
  • #956
  • Mar 24, 2012 12:30pm Mar 24, 2012 12:30pm
Quoting migmac
UPDATE: I am still on this trade +140pips , this is one good trade that I am having with this system, but I would like to see the thread owner more active
My advice would be to hold on and watch what will happen in 1,327xx 130xx area on monday. Look at the candle formations, well done to you mate
Btw BKG posted he is busy atm but he is still with us and read our posts
swing it!
  • #957
  • Mar 24, 2012 12:44pm Mar 24, 2012 12:44pm
Quoting forexnubie
Thanks for posting, Tomspin.

It is good to post charts and setups and I dont understand why this thread is not so interactive.
It is much easier for many to watch others posts, I joined FF because I wanted to chat to traders from all over the world, learn quicker and have a laugh from time to time. So share your ideas and keep this thread alive
swing it!
  • #958
  • Mar 25, 2012 4:15pm Mar 25, 2012 4:15pm
Nice thread!

Congratz for a nice and clean system!

Will visit you regularly!

DNTme
fokyou forexfactory
  • #959
  • Mar 25, 2012 4:32pm Mar 25, 2012 4:32pm
Hi

Looks like NZD USD has closed above the 10 SMA, I am looking for a buy.

AUD CAD has closed above the 10sma looking for a buy.

Feel free to comment, please.

thanks
  • #960
  • Edited 8:22pm Mar 25, 2012 7:31pm | Edited 8:22pm
Quoting forexnubie
Hi

Looks like NZD USD has closed above the 10 SMA, I am looking for a buy.

AUD CAD has closed above the 10sma looking for a buy.

Feel free to comment, please.

thanks
4hr chart looks like a sell only my opinion as I am only looking for reversals.
When its back is broken it can only go one way and that is to the floor on this occasion.
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