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- AlistairC replied Apr 13, 2023
I was actually in a trade on this pair - see post #619. Then I saw that there were big news releases due on both USD and CAD, so I closed manually for a small profit. And see how volatile the next few candles were. I marked up this chart showing ...
MA Crossover System that works for me
- AlistairC replied Apr 13, 2023
Well done - 5.5% in a month is good. But remember that trading with real money is more difficult because there is more psychological pressure. So start with small amounts and get used to experiencing losses of real money. After a crossover is a good ...
MA Crossover System that works for me
- AlistairC replied Apr 12, 2023
This one has been moving slowly, but steadily. image
MA Crossover System that works for me
- AlistairC replied Apr 6, 2023
Target on this AUDJPY trade reached.
MA Crossover System that works for me
- AlistairC replied Apr 5, 2023
Just entered at the tip of the pinbar. Normally when a pinbar lies across both EMAs like this it's a winner. Hopefully this one is too!
MA Crossover System that works for me
- AlistairC replied Apr 5, 2023
I'm normally a bit cautious about entering trades that have been around for a while, but as the daily has resumed a strong down-move after a pullback I went for it.
MA Crossover System that works for me
- AlistairC replied Apr 3, 2023
Flag and pole pattern. Based on the two higher TFs I am expecting a bearish breakout. image
MA Crossover System that works for me
- AlistairC replied Mar 31, 2023
Any one of these "pause points" or local consolidations marked on the chart would have worked for an entry on the breakout. Most consolidations, even these local ones, often lead to a breakout.
MA Crossover System that works for me
- AlistairC replied Mar 31, 2023
Several of the NZD and AUD pairs are coming to the end of a chart pattern like this. Next week could be a fruitful one for anyone who likes to trade breakouts. image
MA Crossover System that works for me
- AlistairC replied Mar 30, 2023
Thanks yanah12, these are good setups. Do you look for Marabozu candles on D1 only? I notice you placed your entries at the tip of the Marabozu candles. The end of the forex trading day comes at my midnight (or 11 pm during northern daylight ...
MA Crossover System that works for me
- AlistairC replied Mar 30, 2023
I saw the downward sloping local trendline (now marked on chart) that might prevent price from going up to the top, so I moved the target down. I've already had a good day, so this will be just a useful top-up.
MA Crossover System that works for me
- AlistairC replied Mar 30, 2023
Target reached. I'm happy that I got there the same day.
MA Crossover System that works for me
- AlistairC replied Mar 30, 2023
A range trade inside the ascending triangle pattern. image
MA Crossover System that works for me
- AlistairC replied Mar 30, 2023
Bearish trendline broken, price closed above the 100 EMA. image
MA Crossover System that works for me
- AlistairC replied Mar 30, 2023
Another nice trade today. The EMA crossover took place yesterday, then a pullback to the EMAs that caused a local consolidation to form. I entered this morning on that small pinbar. image
MA Crossover System that works for me
- AlistairC replied Mar 28, 2023
This trade is in a triangle or pennant formation and that gave me confidence on the direction, so I entered a bit before the EMA crossover. TP is 130 pips. image
MA Crossover System that works for me
- AlistairC replied Mar 28, 2023
With this trade I managed the same entry close to the EMAs but not after the crossover - this one was after a pullback to the EMAs and the trade is now on the third leg down. I'm now more aware of inclined S/R levels. This trade has gone well, but ...
MA Crossover System that works for me
- AlistairC replied Mar 28, 2023
One thing I was reminded of during my time away was to enter as close to the EMAs as possible. In this case I placed a buy stop order very soon after the EMAs crossed up. Let's see how it goes. The trend is obviously up. image
MA Crossover System that works for me
- AlistairC replied Mar 21, 2023
It's been quiet around here! I was away most of last week. Good time to review my trading and what I have learned from this thread. I placed this trade yesterday. It took a while to get clear of the clutter but now it has taken off. image
MA Crossover System that works for me