Look what just broke out! I closed the trade quoted above at that upper trend line because I wasn't sure it was ready to break out (upwards). For want of anything better because I had no idea what was going to happen, I used the triple touch ...

MA Crossover System that works for me

I'm thinking of selling GBPAUD. Price is now below that key support level, D1 and W1 both down. image image

MA Crossover System that works for me

I would have said "Great trade" but the last two hours have seen a sudden move up, probably the economic news coming out of north America. I think this one is on its way out. And I really though it was going to continue down.

MA Crossover System that works for me

Don't know! But no trade now. If it goes up (and it's in a strong uptrend right now) I want to see it break above the key resistance level about 70 pips away before going long. If it goes down I want to see the daily also shifting to down (at least ...

MA Crossover System that works for me

Nice trades! That pinbar on EURCAD marked on my chart would have been the ideal entry but it opened at my midnight. After that I couldn't find any suitable entry that I felt comfortable with. Be aware of the key resistance level on the weekly chart. ...

MA Crossover System that works for me

There's no magic involved, just a different way of looking at the same thing. Some people are visual, others more technical, probably along a continuum. Each to his own, neither is wrong, please allow space for that. What I am trying to do in a ...

MA Crossover System that works for me

I have tried to show some conditions we do want for our MA crossover method (except the "explosion" feature shown on the left). image

MA Crossover System that works for me

I have tried to capture some of this is a diagram. If I have missed something it would be good if others could add to this using their own chart. What we are looking for is to enter close to the MA crossover (but waiting for a suitable candle setup) ...

MA Crossover System that works for me

Thank you for highlighting this. Neilpryde's analysis (pullback from the major trend) is not dissimilar. And as you say the MA crossover method is fundamentally a trend-trading system and does not do well in ranging, or sideways conditions and our ...

MA Crossover System that works for me

I placed this trade yesterday, and as usual these days, it went backwards by almost 50 pips before turning bullish. Next is to see what happens at that upper trend line.

MA Crossover System that works for me

It certainly seems as if something is going on that is tripping me up (if not anyone else). Any ideas what it might be apart from what neilpryde suggested?

MA Crossover System that works for me

Well done for not losing on this one. Trading seems difficult at the moment. As happens from time to time it seems every trade I place goes the wrong way immediately after. As if the entire global market is sitting there watching me, joking about ...

MA Crossover System that works for me

Quite right. My post over the weekend was suggesting no more than that certain D1 charts were pointing either up or down. It wasn't attempting to identify setups. It means that I can ignore the other charts for a while, the sideways ones, and focus ...

MA Crossover System that works for me

So kind . Here's a thank you gift. Two very useful utilities (for MT4). They are both scripts, i.e. they don't live on any chart and work just once for each time you activate them. One will change the timeframe across all your charts to match ...

MA Crossover System that works for me

As a weekend preparation activity I thought I would mark up every H4 chart with which way the daily chart is going, as in the example. I will then ignore those that are unclear, sideways or obviously blocked by S/R or an extreme level until they ...

MA Crossover System that works for me

Which way are you expecting it to go, yanah12? I went and had a look at my GBP profile - 7 GBP pairs at a glance - and most are bearish or possibly topping. It will be interesting to see what this pair does next week. image

MA Crossover System that works for me

Good call, price is certainly bullish, but perhaps we should wait until price has broken above resistance.

MA Crossover System that works for me

Target reached!

MA Crossover System that works for me

Moment of truth! Will it break through this local support or not? The target is 25 pips away. It's a serious question. What would you do? Research by a big forex agency shows that while retail traders like us have a decent win/loss ratio, they close ...

MA Crossover System that works for me

AUDUSD is up against a key resistance level and it seems a bit extended / overbought. EURAUD does have some local support to get through, but that is more than 50 pips down, and 50 is where I move to B/E, which has now happened. So if it gets ...

MA Crossover System that works for me