Good job Captain

MADdash (Moving Average Distance)

If we want to last long in this market, then we have to put some efforts into controlling our emotions

MADdash (Moving Average Distance)

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MADdash (Moving Average Distance)

Because of its volatility and ADR

MADdash (Moving Average Distance)

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MADdash (Moving Average Distance)

Yes I am referring to long trade that has price return below the MA Channel. I exit a trade when it is no longer viable but will try to remain in profitable trades until my trailing SL is hit. Remember I will move SL to BE as soon as trade is in ...

MADdash (Moving Average Distance)

You're welcome

MADdash (Moving Average Distance)

I'm glad you learnt something that can improve your trading system. Shalom

MADdash (Moving Average Distance)

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MADdash (Moving Average Distance)

Yes you are correct and again FPV & DOL are possible areas where price may find difficulty breaking or it may bounce off these lines once or twice before finally breaking

MADdash (Moving Average Distance)

Spot on and yes that is how to trade strength against weakness S/R levels are areas where price may stall and will take profit if that happens

MADdash (Moving Average Distance)

I only observe the S/R levels for possible closure of the trade should momentum stall at the levels. If GBP is weak and JPY is strong, then I will sell break of the daily open line, a bit earlier than the place you marked to sell to reduce my risk. ...

MADdash (Moving Average Distance)

I put my SL on the opposite side of the trade, preferably below the MA Channel for long trade and above for short trade. If the risk is however more than 15 - 20 pips, then I will either use the low of the M5/M30 setup candle(s) for buy and the high ...

MADdash (Moving Average Distance)

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MADdash (Moving Average Distance)

I mentioned in post 2422 about 90 minutes ago that there was a setup in GJ and had a pending order 1. setup @ 1 2. entry @ 2 when the high of the setup was breached 3. SL below MA Ch 4. I identified possible areas of resistance before entering the ...

MADdash (Moving Average Distance)

A FINAL NOTE OF CAUTION People are having serious misconception of the dashboard. The MADdash or MADDY is not a trading system but a confirmation, entry and trade management tool, and this was highlighted in post 4 where I explain how I use the ...

MADdash (Moving Average Distance)

You can not have all the 28 pairs on the screen as the charts will be too small. Therefore I monitor just few currency pairs but focus more on the GJ, and this is the only way to avoid late entry - focus on few pairs. There is a setup in GJ and I ...

MADdash (Moving Average Distance)

You're welcome. Yes I use the 35LWMA on all the time frames although sometimes to be hinted earlier, I also use lower period but it doesn't matter.

MADdash (Moving Average Distance)

Indicators and template already shared here. Just remove what you don't need and change the MA Ribbon to Channel instead of crossover by changing the MA1Price and MA2Price to high and low instead of close. If you need more just click on my name and ...

MADdash (Moving Average Distance)