healthy bullish H4 candle on EU...not taking the buy though... gbpusd: P/L: 30+ pips 50% closed at 1.6166 SL set to BE for remaining lots... happy pipin

The 200s setup

.... — EU bouncing off the 200SMA on m15...still a bit unsure...H4 has not given a bullish candle..we need to wait and see how this H4 candle closes... gbpusd trade: P/L: -11pips

The 200s setup

buy signal on gbpusd [email protected] A lovely bounce off the 200SMA (blue line), the last 6 days on the daily chart has been bullish, so we are looking for a potential continuation...seeing as this is a "continuation" trade, i am not waiting for ...

The 200s setup

Thanks, but am looking for a possible early entry you said your setup didn't work out in the long run, what happened? Am curious..

The 200s setup

usdcad closed @0.9795 H4 just crossed the 200SMA...M15 cci is @ -113....

The 200s setup

... — Hello, Great thread..MAs are one of my personal favorites..been going through the thread,skipped some pages though, I agree that the 200ema is very important..dnt know exactly why,maybe its also respected by heavy institutional ...

Another simple system - Time-Frame 15

Usdcad currently@ 0.9803 P/L: +23pips..general dollar weakness SL@ 0.9881

The 200s setup

usdcad... — short activated on usdcad entry: 0.9831 SL: 0.9881 happy pipin

The 200s setup

GU and EU are still up there...flat for now..watching the usdcad..deleted sell stop order..the usd has been losing across the board, yet it has been gaining against the cad..

The 200s setup

signal forming on USDCAD.. — seeing as there isnt much to do on EU and GU....looking for a short on the usdcad.... H4 bearish candle already formed...the M15 200SMA is at 0.9795... current price: 0.9807 setting a sell stop@ ...

The 200s setup

..... — GU and EU are hitting strong resistant levels....this is where patience is key...we need to let PA show its hand..please note, we are looking for buy opportunities...a pull-back to the 200SMA on M15 would be nice, but that looks very ...

The 200s setup

........ — the London session is about to start....we got another buy signal on the EU during the asian session...i didnt take it..i do not trust liquidity during those hours, besides the BOJ can very well decide to do anything.. EU....PA is ...

The 200s setup

...... — yeah, it may seem redundant to you....and i had already gotten the explanation, if you had bothered to read the previous posts you would have found THAT out..it sounds like you been there and done all that!!..am still learning and ...

The 200s setup

uncertainty... — H4 bearish candles on EU and GU... trades closed... EU: -3pips GU: -1pip

The 200s setup

interesting.... — the 200 period bollinger bands on M15 look very interesting...i'ill have to read up more on it..the upper and lower could provide good target zones...thanks for the input...

The 200s setup

hi Gt3rs, from experience, trying to find such a "critical" level is almost impossible, because market behaviour changes..but thanks for the suggestion...i'ill give it a look...

The 200s setup

update — Gbpusd closed was [email protected] = +30pips This system is a trend-following system, the idea is to grab as many pips as possible during a trend move. But I have noticed that even though it has a potential for hundreds of pips, it also ...

The 200s setup

thank you for the explanation....much appreciated..

The 200s setup

yes, apply to close..

The 200s setup

update — SL set to +30pips(1.6053)...trend is still bullish..

The 200s setup