Today I got a 2MA crossover signal on CHFJPY that I accepted (I have been rejecting most of them). And it is paying off, quickly too. SL has been moved to B/E, TP is 60 pips.

MA Crossover System that works for me

I received a signal from our EA this morning to go long on EURGBP. Although it is not ideal (ref the safety checklist), it's okay, so I placed a buy stop order, which has since been triggered. I adjusted the set 60 pip target to 28 pips, so this ...

MA Crossover System that works for me

That sounds like a good plan for managing the second half of your trade. If your method gives high probability trades then trying to squeeze every last drop out of a trade doesn't seem quite so important. Perhaps simply winning many of them and ...

MA Crossover System that works for me

"Refresh" is just another term for pullback or correction. It can also be called a reset, where a long or "old" trend such as we have on GBPUSD H4 is refreshed and we can then take it as a "fresh" trend. That's the theory according to some that ...

MA Crossover System that works for me

Here's a good pinch. If you add the pip distances between the three EMAs together, the closer to zero that calculation gives you, the better. And after most decent pinches there is almost always a decent breakout. image

MA Crossover System that works for me

Not by my definition of it, which includes the third EMA. Would I take a trade? Based on H4 alone I would be cautious, and the daily might be oversold, but the weekly shows no reason to hold back once the current refresh on H4 has completed. The ...

MA Crossover System that works for me

Just received this MA crossover signal. Definitely not taking this one even if it was mid-week. Please note that today is week-end, month-end AND quarter-end, so the big money people will be doing position squaring today and forex prices might do ...

MA Crossover System that works for me

I got a 2MA crossover signal when I switched on this morning. It looked good because everything was below the 100 EMA and the 8 EMA had just crossed below the 21 EMA. I entered at the base of the crossover candle. image

MA Crossover System that works for me

I have copied the safety checklist here. It is from post #8. I hope it helps you to be reminded ================================= Safety checklist In my strategy there are no strict rules – you have to understand what is happening on the ...

MA Crossover System that works for me

Do be cautious here. There is a trendline and a horizontal line converging on the same place. If you want to go long on this pair wait for price to break through that resistance. Just because the OGT trend indicator might show a whole bunch of green ...

MA Crossover System that works for me

And so it was - if we had placed a sell limit order at the resistance level / red line it would have been triggered by now. Let's see what happens next.

MA Crossover System that works for me

I have had another look at EURCAD and it is in a long or old trend on H4 without many big pullbacks - almost nothing goes beyond the 21 EMA the entire leg down. When I see this it makes me nervous, surely time for a bigger correction soon? But ...

MA Crossover System that works for me

I use several different templates that I flip through at the change of every 4-hour candle. The 2x3 and 3x3 ones are obvious (I think), but I thought I should show you my 2MA crossover template and how I use it. Those little red/green arrows appear ...

MA Crossover System that works for me

On EURCAD, it has broken through support very nicely with yesterday's daily bar. We could enter right now ("at market") but as there are more than 70 pips back to the resistance level (not that a level is defined by a single line), that is a bit of ...

MA Crossover System that works for me

Similar story on EURCAD, but in addition there is a clear support level just below. My strategy here is to wait until price has broken below that level and look for a trade once that has happened. Note the head and shoulders formation on the daily. ...

MA Crossover System that works for me

Nothing much going on today that meets the 3x3 criteria. I have received several signals but I don't want to get involved with them. For example EURUSD. The weekly certainly looks promising, but the H4 chart has moved steadily down with almost no ...

MA Crossover System that works for me

Today has been frustrating for me. I suppose the forex markets are a bit confused, or slow. On my chart there is currently a breakout, but have a look at the alternating green and red candles before it, back and forth most of today. Yet look at the ...

MA Crossover System that works for me

You are quite right, trends are in fact good for most trading systems. And that's also why we try to avoid ranging conditions and go for trending conditions here. I have found that the 3x3 method that we have developed together on this thread has ...

MA Crossover System that works for me

Thank you for posting your trade! Your analysis on H4 was exactly right. Price has now resumed the climb. My concern is the strong resistance between 0.8700 and 0.8720. Normally I would not trade this. Better to wait and see if price breaks above ...

MA Crossover System that works for me

This is a great trade, well done. I didn't want to say it, but at 330 pips profit and a strong resistance level right there, I would have closed this trade. But watch it now take off! The thing is to be happy with what you've achieved, not upset ...

MA Crossover System that works for me