fresh sell signal
Price crossed and close below 5 EMA convincingly. Sell next candle open. Target 5 pips
Price crossed and close below 5 EMA convincingly. Sell next candle open. Target 5 pips
- #702
- Nov 12, 2014 5:51am Nov 12, 2014 5:51am
- | Joined Oct 2014 | Status: Keeping it simple | 37 Posts
If you saw this chart at the start of your trading day, what would it tell you, in advance. Would there be any Low Risk entries any where? {image}
People that are struggling would do well to read and take this in...
{quote} Please show me on chart I don't understand what you are saying. I have a bear candle who closes below 5 MA and sell at the next. An other fresh signal BULL candle crosse ma and closes above, buy on next candle open {image}
If I was using this strategy, as stated on page 1, I'd have bought here, not on the close of the next bar: -
- #706
- Nov 12, 2014 6:05am Nov 12, 2014 6:05am
- Joined Nov 2013 | Status: Trader | 1,094 Posts
USDJPY - is this buy signal ? 
-rebound from demand
-rebound from EMA 200
-closed above EMA 5
-rebound from demand
-rebound from EMA 200
-closed above EMA 5
- #707
- Nov 12, 2014 6:05am Nov 12, 2014 6:05am
EU +5, +10 TS, +30. I am done for the day. When trading a Discretionary Entry Method, you HAVE TO UNDERSTAND AND RECOGNIZE Price Action, with out that understanding you are Doomed. Forex Factory is not the place to learn How To Trade, it is a great place to explore, find the method that works best for you and enhance the knowledge you have gained, after you have learned the basics. Babypips.com is one of the most respected teaching sites on the web, it is free, it is extremely well thought out and literally thousands of newbies have learnt the basics...
Keep green!
{quote} Now I'm confused. Is the strategy to open once the price closed above the 5MA or once the price closes "convincingly" above the 5MA? If I was using this strategy, as stated on page 1, I'd have bought here, not on the close of the next bar: - {image}
target reached on nu, 5 pips
total net gain -40$
5 win 3 loss and 2 around break even.
I leave Heineken ashi rsi and stuff for the next time.
The original essence of the thread is Hey take it easy you don't need to do overcomplicate analysis you just can make 25$ every hour with some simple basic stuff.
If you start putting on heiken ashi, rsi, 200 moving average, pivot points, support and resistance, trendline, sentiment, price action, confluence of many events. Man that ain't easy stuff.
We just need some fresh signal every hour at least and make our filthy 25 dollar without getting psycho on charts, this was the original purpose i think.
new fresh signal on usdchf. Bear candle crosses 5 EMA and closes below. sell triggered
target reached on usdcad short. 25 dollars
The original essence of the thread is Hey take it easy you don't need to do overcomplicate analysis you just can make 25$ every hour with some simple basic stuff.
If you start putting on heiken ashi, rsi, 200 moving average, pivot points, support and resistance, trendline, sentiment, price action, confluence of many events. Man that ain't easy stuff.
We just need some fresh signal every hour at least and make our filthy 25 dollar without getting psycho on charts, this was the original purpose i think.
new fresh signal on usdchf. Bear candle crosses 5 EMA and closes below. sell triggered
target reached on usdcad short. 25 dollars
- #720
- Nov 12, 2014 7:00am Nov 12, 2014 7:00am
- Joined Nov 2013 | Status: Trader | 1,094 Posts
Divergence on USDJPY ? As tactic DEE says. 