Hi everybody I enjoy trading the forex - sometimes I win and maybe more then sometimes I lose. I always appreciate feedback - good or bad. I play multiple time frames as my indictors are fairly consistent. The main idea of the trade is to wait for price action to cross above either the Triangular MA and hit the regression slope above - or in reverse. Usually if price crosses one indicator it will typically hit the other indicator. I use the 75WMA as the guideline. Fibs I place typically or atypically on any power bar which I cannot figure out which way price action will go - or for stops and targets. Euro chart below is on the 30 min.The blackline is the guide 75MA. The green and light blue are the TriMA and slope lines. If price action runs beyond the indicators I stay in trade till price action calms down and touches one of the indicators or 75, 100, 200MA. If the price action jumps into this indicator zone and back out, I usually find price will usually double top or double bottom and continues back into the indicator. Sounds complicated, but it really is not.
Okay so what went wrong with the system(jeesh). On the 30 min on the open it crossed below the indicator and below the 75ma, anytime entering above the indicator, price was pushed back by the mid bolly band. So the 75MA still holds - trade remains short
I like the Kiwi, however if this channel is correct then should see price movement bounce off the purple line, TriMA, till closer to the top trend where NzdUsd whould fall below and head towards its neckline at .7554