Usually IB means inside bar. It represents a pause, usually as a continuation signal unless it takes place at a clear S/R level. I have marked 4 examples on this chart. image

MA Crossover System that works for me

Your move up to D1 as your trading TF is no different from what you were doing on H4, just slower and bigger numbers. What is different is your use of a 100 pip TS. Do you remember this post url that I made a while back that was about TSs but ...

MA Crossover System that works for me

It's likely to be a quiet day today - Mondays often are, but there are also bank holidays in Australia and Canada today, which should slow things down a bit.

MA Crossover System that works for me

That thread seems to be a madhouse!! But a useful comment about which way GBPUSD might be heading.

MA Crossover System that works for me

I closed this trade manually for 73 pips when I saw that a big pullback was underway - and also when I saw the bullish BOE bank rate decision. It seems safe to get back in the water again, so this is today's trade on the same GBPUSD pair. image

MA Crossover System that works for me

Thank you. But think about this - all that learning now comes into play - you can't use this method mechanically, having lots of learning and screen hours behind you really helps to make a method like this simple and effective.

MA Crossover System that works for me

Actually, the level where you entered might be better than anything slightly higher up, for the simple reason that if the price action continues going sideways for any length of time after triggering your trade, then it is stressful for the trader ...

MA Crossover System that works for me

This possible EURUSD trade is very similar to the GBPUSD one I posted about yesterday. Price has broken below the daily trend line and on H4 our favourite chart pattern is forming. Now for the breakout? Can anyone see any problems with this ...

MA Crossover System that works for me

I have marked up this chart with the above routine. D1 is down. We could have entered below either of the two consolidations shown (maybe not the first one if the MA crossover had not yet happened). Both of them produced a breakout, the first one ...

MA Crossover System that works for me

I placed this NZDJPY trade earlier today and it caught the breakout nicely, although a pulback is currently underway. I'm hoping (expecting?) that the pullback bar will bump its head against the support / now resistance level and go back down again. ...

MA Crossover System that works for me

A general request to all who post charts here - please could you mention which instrument / currency pair it is, and also which timeframe, either in your text or on the chart itself.

MA Crossover System that works for me

Indeed, and the ideal place to sell would have been just below the consolidation area I marked on your chart. I haven't checked the trend direction on the HTF, so I assume you did! image

MA Crossover System that works for me

Hi uru-trader, I've just noticed your chart has some kind of indicator at the bottom. Please remove it before you post. You can put it back afterwards but I challenge you to go fully naked .

MA Crossover System that works for me

We have breakout! This is what usually happens after a period of consolidation, whether that consolidation is a short, local one or days- or weeks-long one. And, while we don't want to get caught in a period when price goes nowhere, so too must we ...

MA Crossover System that works for me

I placed this USDCHF trade this morning too. Seems like USD is bullish across the board. But don't take this as a signal to trade USD long. Trust the system and trade what you see on your charts, not what somebody says should be happening. image

MA Crossover System that works for me

I have been waiting for GBPUSD H4 to go down some more so that I am sure it is not just a D1 pullback. It has broken through the D1 trend line now and so I entered after that local pullback/consolidation. image

MA Crossover System that works for me

Here is another trade I placed yesterday, also NZD but in the opposite direction. I stuck with it because if the PA says it is going down (short NZD) as opposed to AUDNZD going down (long NZD) then it is, and it has. Now at B/E. image

MA Crossover System that works for me

Target reached.

MA Crossover System that works for me

Thank you

MA Crossover System that works for me

Here is a trade I placed late yesterday on AUDNZD. It has moved very slowly and is now undergoing a pullback. The TP is at 69 pips based on price structure.

MA Crossover System that works for me