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- AlistairC replied May 19, 2023
This one has been stuck in local consolidation for 40 hours, which has been a bit frustrating. And then the most recent bar went far down before it recovered. Playing practical jokes on us, maybe
. But the basics have remained constant - both ...MA Crossover System that works for me
- AlistairC replied May 19, 2023
I have 26 forex charts open all the time (made up of the majors and minors but no weird ones, I also avoid EURNZD and GBPNZD). Then I scan them for setups. Once you have settled on a trading system, it's usually quick to pick up suitable setups - ...
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- AlistairC replied May 18, 2023
Nice use of the wedge pattern. I agree that the breakout might be down. Just a note that trend lines can be deceptive. Here's the same chart but with the upper line drawn right on the tips of the various candles. It doesn't show a fakeout except ...
MA Crossover System that works for me
- AlistairC replied May 18, 2023
Welcome to this thread, apo! You seem to have it worked out already, based on this EURJPY analysis. I placed a trade on this pair a few minutes ago. D1 is up. On H4 there was the breakout that apo would have caught, then consolidation. There is a ...
MA Crossover System that works for me
- AlistairC replied May 17, 2023
I placed this trade yesterday. Trend is up on both timeframes. Price was in consolidation but dropping towards the EMAs so I entered just above those more recent bars and it caught the breakout very nicely. image image
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- AlistairC replied May 17, 2023
This pair has broken down, then pulled back to the breakout level during my night and so this morning I was able to sell closer to the EMAs. image
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- AlistairC replied May 15, 2023
When this breaks it is likely to be a good one. I don't know which way it will go, but the D1 trend is up, so that's the more likely option. image
MA Crossover System that works for me
- AlistairC replied May 15, 2023
There's no "best" place, rather choices you need to make. Personally, I like to place my SLs beyond the most recent swing point, but that makes for quite large SL distances and risk-reward ratios close to 1. Others prefer tighter stops, for example, ...
MA Crossover System that works for me
- AlistairC replied May 15, 2023
First trade of the week. Both timeframes down, entry on H4 after two legs down and two refreshes. image image
MA Crossover System that works for me
- AlistairC replied May 15, 2023
I can't reply for yanah12, but in my opinion there is no rule for how many trades to run at the same time. It depends on how experienced you are and what you feel comfortable managing. Probably a maximum of 6 at once is about right. Some people do ...
MA Crossover System that works for me
- AlistairC replied May 11, 2023
I might have jinxed this trade. The pullback is strong on H1 and might stop me out. But a good thing about it is if it does go back down it will likely form a fractal at its high point, allowing me to move the SL down to the previous fractal (the ...
MA Crossover System that works for me
- AlistairC replied May 11, 2023
I entered this trade on H4 yesterday. I am using a fractal trailing stop (manually) on H1. I had seen this method some time ago and thought I would try it. I move it down the fractals as they form. The interesting thing, though, is that I'm using ...
MA Crossover System that works for me
- AlistairC replied May 11, 2023
It certainly would have been tradable, depending on what your particular trigger and 'filters' are - there's the initial H4 crossover for an aggressive entry, a small pullback (IB setup) a few bars later, price crossing the 100 EMA, or even more ...
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- AlistairC replied May 9, 2023
The last two days have been quiet, Monday especially, with almost no news releases on the calendar and only low impact news today. I haven't had many trades but they have been disappointing.
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- AlistairC replied May 9, 2023
I can answer your question by quoting from one of yanah12's posts, where he said "Added EMA100 on H4 chart to validate the buy/sell signals & to act as S/R." So at first he did not use 100 EMA at all, but then added it to H4 only at a later ...
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- AlistairC replied May 5, 2023
You have bought just below resistance, so you can expect a pullback or even a reversal from that level. I see that level is at a BRN (big round number), namely 0.9100. image Also, the daily chart shows a weak uptrend, very weak, if it is even up - ...
MA Crossover System that works for me
- AlistairC replied May 4, 2023
This trade is going well. I see you placed your target at the daily high - for me that would be about 136 pips up. I went for the H4 high instead - 74 pips. My trade is now at break-even. image
MA Crossover System that works for me
- AlistairC replied May 4, 2023
That almost pin bar four bars back is what I went for when I noticed it this morning. image
MA Crossover System that works for me