I'm starting to get interested in AUDUSD. It has rejected a resistance level and price might be breaking below the daily EMAs. Still a way to go before we can say it has reversed, but it's worth watching. image

MA Crossover System that works for me

Welcome to my humble abode, Dr Walvekar! I'm happy to see you posting here. I agree with your comments, and my "safety checklist" would too. But this pair is in an interesting situation now. 1. The monthly chart shows that we are close to a very ...

MA Crossover System that works for me

Summarised safety checklist 1. Dominant trend: Not bullish 2. Avoid S/R obstructions:No,there is a resistance level right above the entry 3. Enter when price is close to the EMAs: Partly 4. Avoid ...

MA Crossover System that works for me

That wasn't my cleverest idea. The whole idea behind this is that the secret to trading is to buy when it's going up, sell when it's going down and do neither when it's doing neither. Counter-trend trading doesn't fit into that.

MA Crossover System that works for me

Here's a trade that is based on an H4 crossover. These low-number EMAs cross over very early, so this is still technically counter-trend. It means I must keep a close eye on it and close it quickly if it starts looking heavy. It would have been ...

MA Crossover System that works for me

You're right about HHs and HLs. All I am saying is that I am expecting an H4 crossover on these pairs. After that we will still have to assess whether we have a tradeable setup or not. By then price might have broken through the trend lines defined ...

MA Crossover System that works for me

All four NZD pairs here are at or close to resistance and all have had an extended run and are now "stretched", ready to pull back. I'm now waiting for crossovers. image

MA Crossover System that works for me

It's just gone 12 noon here. Nothing much useful happening in the forex markets.

MA Crossover System that works for me

I'm not convinced that my approach is any more consistent than yours - I suspect my fair share of luck has played a role in the last few weeks. But can we see what yours looks like and how you trade it?

MA Crossover System that works for me

Yes, usually I trade the first two legs after the crossover (when a suitable setup arises). After that I am cautious even though that trend might continue, because in most cases trends fade after about two legs, and by then there are almost always ...

MA Crossover System that works for me

I would wait for shorter bars - these ones are too explosive. And it's Friday. During Monday's Asian session at the beginning of trade next week there might be some short bars that form a consolidation zone higher up near the EMAs. That might be a ...

MA Crossover System that works for me

I think the way one trades should fit comfortably with your instincts, mindset, lifestyle, and it might not be optimal for someone else. Sounds like your 8 EMA channel isn't that far from my approach, and many lessons you have learned along the way ...

MA Crossover System that works for me

More than nice - massive surge down . Now at breakeven. Free ride from here and I think I might just leave it to see if it gets to the TP of 120 pips. If it doesn't, it (almost) doesn't matter as I've had a great week already. image

MA Crossover System that works for me

I entered this trade this morning. It's not the cleanest of setups, but so far it's working. Note that price is below and moving down from a long-term resistance level. I'm assuming that down will be the direction for a while. The MAs crossed down ...

MA Crossover System that works for me

So, apart from having to adjust the sizes of stops, targets and lot sizes, this looks familiar enough to trade right now. Ignoring the role of fundamentals for now (like the winter coffee season), is there any other adjustment one would need to make ...

MA Crossover System that works for me

Please be assured that I'm not showing off here, or being arrogant. I'm as excited as anyone about this amazing change in my trading, and I want to encourage all of you with these results that it is quite possible to do well. The reason this is ...

MA Crossover System that works for me

I moved my TP to that support level and it has just reached the target. That plus another small trade that I closed earlier this morning give me just over 2% return for the day. I'm going to take the rest of the day off.

MA Crossover System that works for me

Finally, something that looks like a decent trade, and even so, it's not perfect. I saw the consolidation area forming and was expecting a breakout from that area sooner or later. Then the inside bar (IB) setup formed and I decided to go for it. ...

MA Crossover System that works for me

This a strong resistance level at an extreme high level. I'm not going to be buying any time soon and will wait for a good sell signal to present itself. image

MA Crossover System that works for me

Yesterday josi warned us about this trend line. Now we have broken though that area with an explosive move down. As with the previous post for USDJPY, we must now wait for a pulback to the MAs, ideally right to the MAs, but an inside bar, two-bar ...

MA Crossover System that works for me