yanah12 can correct me if I am wrong, but he has a (very) slightly different approach to me that he came with when I started this thread and it is very successful. He uses the 8 and 20 EMAs and monitors the daily chart for an EMA crossover. When he ...

MA Crossover System that works for me

Nice trade, thanks for the heads-up.

MA Crossover System that works for me

No, my trading TF, which is H4. But I also need the next TF up (D1 in my case) to have the same trend direction, so it often amounts to the same thing.

MA Crossover System that works for me

If I stick to "everything crosses to one side of the 100 EMA" as my main condition to start looking for suitable entries AND the trade is "in line with the dominant trend" then there is very little going on now, but potentially a lot coming up. But ...

MA Crossover System that works for me

No trading for me tomorrow - May Day / Workers' Day / Labour Day bank holidays all over the place. image url

MA Crossover System that works for me

To continue with the USDCHF possible reversal discussion, I think it's helpful to distinguish between signs and signals (my own ramblings again, might not be the official way these words are used). Signs, the way I see it, are ways we get a sense ...

MA Crossover System that works for me

I need to be more careful with my ramblings! Please be aware that, while I have gained experience over the years, I'm by no means an expert and sometimes look back at stuff I have written and hope nobody follows it! But seriously, subject everything ...

MA Crossover System that works for me

Thanks for your good questions, very helpful to all of us. And I'm looking forward to the discussion that might ensue We don't use indicators (apart from MAs) on this thread. If you wish to use RSI at home, feel free (although I would ...

MA Crossover System that works for me

Well done for taking this loss on the nose and wanting to learn from it! I agree with josi - this is still a downtrend. And (although it is easy in hindsight), price on H4 was rejected repeatedly by the 100 EMA, emphasising that although this could ...

MA Crossover System that works for me

Likewise the AUDCAD trade I posted about earlier, moved the target up to a logical position as I want to close the trade today. image

MA Crossover System that works for me

This seems to be happening like clockwork - cross below/above the 100 EMA, wait for consolidation (if there is consolidation) and then the breakout. I moved up the target up, given that it is Friday and that there have been 3 explosive candles - I ...

MA Crossover System that works for me

This trade shows something that I have long noticed and walvekarraje (who occasionally visits here) has pointed out often - price often pulls back after a breakout and that's a good place to enter. I saw that the 8 and 21 EMAs and the price bars had ...

MA Crossover System that works for me

Well done! I did well yesterday too. I think it's as much to do with conditions suiting this method as anything to do with how clever we are. The problem is, though, that after a good day we feel strong and powerful and so the next day is a ...

MA Crossover System that works for me

An inside bar pattern shows indecision. I like to call it a mini-consolidation. So if you treat it like any consolidation by trying not to get caught up in it but sitting waiting for a breakout in the direction of the dominant trend you won't go far ...

MA Crossover System that works for me

This trade went into consolidation and that's what I have been enduring since last night. Consolidation - something to be avoided and something to be embraced! Hopefully it's on the way up again. image

MA Crossover System that works for me

This pair is neither up nor down at the moment according to the way I am currently trading with 100 EMA included, which is more-or-less what yanah12 is saying too - either or. On H4 I have the 8 and 21 EMAs crossed down, but nothing has gone below ...

MA Crossover System that works for me

That must be the recent USDCAD trade (I am still in it). It does fit in with the crossover strategy, but you may have noticed I now use the 100 EMA too. I am experimenting with that at the moment (which means it might change and it is not ...

MA Crossover System that works for me

I have been aware that this NZDUSD pair has been looking messy on the daily and have been waiting for it to move out of that area, which it seems to be doing. I placed the trade using that big pullback on H4. image image

MA Crossover System that works for me

On yesterday's GBPUSD trade the SL was moved to B/E at 50 pips and that's where it got stopped out. Nothing gained, nothing lost. Today (USDCAD): I was aware of the consolidation area marked in blue and placed a buy stop order just above it. image

MA Crossover System that works for me

GBPUSD has been in a period of consolidation within an overall uptrend. I took the bullish pinbar (3 bars back) lying across both EMAs as a signal that price might break out. image

MA Crossover System that works for me