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- AlistairC replied Jan 9, 2023
The daily is already in a downtrend and so I tried to get in on the continuation. It looks a little bit risky on H4, but the daily gives the larger context. I also used a stop order so that if price had continued up my trade would not have been ...
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- AlistairC replied Jan 9, 2023
I hope your heads have cleared after the end-of-year / new year celebrations. And if that was not enough to give you a headache, then this chart certainly will! Welcome back to the first full week of trading for the year. image
MA Crossover System that works for me
- AlistairC replied Jan 5, 2023
No rules at all! But I follow a general principle, that if the overall chart structure and price action remain in my favour, then I should trust the system, and that is currently what I am doing. I am also at break-even, which makes a big difference ...
MA Crossover System that works for me
- AlistairC replied Jan 5, 2023
Yanah12, what trailing stop method are you using?
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- AlistairC replied Jan 5, 2023
The very good ADP non-farm employment result coming out of the US just over 30 minutes ago caused this trade to spike down to within 8 pips of the TP, but not enough to hit it
. Price has now moved 60 pips away. What should I ...MA Crossover System that works for me
- AlistairC replied Jan 5, 2023
This pair did pull back and I entered during the initial down-move. It felt a bit risky, but as price action was all in favour I decided to go for it in order to secure a better price. There was no obvious (or affordable) swing high where I could ...
MA Crossover System that works for me
- AlistairC replied Jan 5, 2023
Going better than expected and now moved to B/E. The TP is 120 pips, so I am 50% of the way there.
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- AlistairC replied Jan 5, 2023
On this GBPAUD trade the daily is bearish and the H4 has pulled back nicely to the EMAs, so I am now expecting it to fall in line with the daily. I entered at the base of the pinbar, which lies right across both EMAs, which is a good sign. Concerns: ...
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- AlistairC replied Jan 4, 2023
I missed the obvious entry possibilities soon after the EMA crossover - there was a decent pinbar and then a two-bar pullback as marked on the H4 chart. Both would have worked. So now I'll have to wait for price to pull back to the EMAs. The weekly ...
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- AlistairC replied Jan 4, 2023
Nice one, neilpryde. Could you perhaps talk us through how you identified this trade, how you chose your entry level and where you set your TP? Were there any concerns you might have had? Thanks Alistair
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- AlistairC replied Dec 31, 2022
Hi Smokey, I looked at it a long time ago and didn't take it further, but regarding indicators could you look at this post I made a while back? It's post #30.
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- AlistairC replied Dec 30, 2022
Well done yanah12! I have just had a look and across the board the Yen pairs have been dropping like stones. Hopefully you made some good money.
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- AlistairC replied Dec 29, 2022
I am away from home and off grid, but while I have a power supply, a signal and some spare time, I am trying to catch up with this thread. Thank you for your kind comments. Regarding using a demo account I would encourage you to open a real account, ...
MA Crossover System that works for me
- AlistairC replied Dec 29, 2022
I think I know what you are asking so let me try to answer. I like to place my SL beyond the recent swing point, but not much more than about 100 pips. If it is more than that I will either walk away from that trade or try to find a minor pullback ...
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- AlistairC replied Dec 28, 2022
Could you clarify what you mean by SL vision?
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- AlistairC replied Dec 22, 2022
What a way to end the year. I have just closed all my trades, including the AUDCAD one on almost exactly zero, and banked 4.55% growth on account balance for the day. My best daily return ever. My trading has experienced a wonderful turnaround just ...
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- AlistairC replied Dec 22, 2022
Here's another trade I have had running during today. Not quite as exciting as the GBPUSD trade, but still going in the right direction. On H4 I entered at the base of the first pinbar, the green one. image image
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- AlistairC replied Dec 22, 2022
I'm really happy with this GBPUSD trade. I placed it earlier today (at the base of that little green pinbar candle) and it has taken off. It's already at B/E too. The daily chart isn't officially in a downtrend yet, so its the same debate as before ...
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- AlistairC replied Dec 22, 2022
Just some feedback on this trade. It's hanging in there but came close to being stopped out. It might still go that way. But due to taking "evasive action" as referred to above, my total losses will be about 60% of what it might have been if left at ...
MA Crossover System that works for me