Trading is as simple as ABCD

These two pairs are looking good according to the 5 and 15 min channel to keep going up as both are sloping up nicely but they are approaching both their extremes...

buy this bottom 1 min lower band??



Or have we had the reaction from the 5 min extreme we expected so sell the next 1 min higher band touch????

Look at this compare this chart with the one I posted earlier when GBPJPY was right at the 5 min extreme...



My old way I would of been buying that without that 5 min TMA telling me not to and now its moved higher, Hmmmmm

On the other hand GBPAUD appears to be reacting to that 5 min TMA????



All a bit confusing isn't it???

Nice reaction here to 5 min TMA...

Thank you for taking it in the manner it was intended

This is how I believe we should go forward with this system...



I think we're better off taking 5 min TMA touches in the direction of the 5 min channel like this one here on GBPCAD, 15 and 5 min channels up so buy the bottom band of 5 min TMA..

This is in line with my buy wave bottoms in an uptrend sell wave tops in a downtrend...

All I'm trying to do with these TMAs is identify where my 1 minute signals are in the 5 min and 15 min channels. Its like a road map to me rather than a buy or sell here signal...I'm not keen to just take a 5 min touch just because its touched it, needs to be on the right outer band in line with the channels direction...

Have a quick look at this one...



Again the signals that are working are when the 5 min channel is sloping up and the 1 min middle band (TMA) is green.

Not sure that the first one would have had the 5 min pointing up at the time but the others were fine..

As with all strategies theres definately some advantage or edge to be gained from these "cycles" identified by our TMA's but as usual they have to be used with some common sense and with some rules to ensure they work 70% of the time and sure you're gonna get some 5 min signals when the 5 min channel is sloping up and the upper band TMA will reverse the trend for a massive win but its all about the higher probability setup and for me as always thats trading with the trend...

And not taking what I would call counter trend trades with 5 min TMA touches against the trend.

I would wait for them to react and reverse so that the 5 min channel is the same way then take the next upperband 1 min touch.. That way we're always trading the 1 min in the direction of the 5 min channel...

Oh and by the way that won't work 100% of the time but hopefully about 70% and with much bigger winners when they do work..

GBPAUDs touch of the 5 min TMA worked dispite being against the 5 and 15 min TMA slopes...



So should I be selling this 1 min upper band touch now even though its against the 5 and 15 min slopes???

Clive
sent you a pm

I've taken this GBPJPY 5 min TMA touch trade as its with the 5 and 15 min TMA's slopes, mind you terrible entry with a far too big a stop as too busy posting but you get the idea..



Of course there's no guarantee its gonna work but to me its got a better chance because of the 5 and 15 min channel direction..

Of course one thing I did do wrong with this trade is not wait for the 1 min TMA to turn green as confirmation of the move up and then take the next 1 min lower band touch, well if this works out I'll take the next one...



Not looking too clever at the moment....

My GBPJPY is struggling but theres GBP strength present across the board so will leave it to do its thing.. Bad entry timing is the problem with that one should of taken the touch and been at BE by now..

But heres another good example of what I'm talking about with GBPNZD 5 min touch trade earlier..



Oh and my GBPJPY has woken up now too....

Quick update on the GBPAUD sell trade against the 5 and 15 min...



Looks like trading with the 5 and 15 min TMA slopes worked this time....

And there you go perfect exit at 5 min upper band for 15 pips...



Well I say perfect exit and it would of been if I'd placed my TP where I should of, so BE again but I broke the rules so serves me right , when you take a 5 min lower band entry exit on the 5 min higher band...

But I'm getting there..

No repainting at all !

The point of the whole exercise was to see how it all played out and how the TMA's behave under real time and I think its fair to say , pretty bloody well this time...

I've captured every chart there throughout the trade so will post them all later sequentially so we can see how the TMA's performed under the kosh...

Those GBP pairs seemed to trade the TMA nicely but these CHF pairs have left their 5 min channel way behind as they are the top trenders on 1 min charts..





But they did start these moves from the exact same setup I just traded when the 5 min channel is up buy the lower band...

Hmmm so when price is really moving nothing stands in its way ....