trading the indicators

[kate25]

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.

[kate25]

Here is a 2hr alittle bigger chart

[kate25]

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

.

[kate25]

5min price action today with 75ma(black line), on the USDCAD.

[kate25]

Euro crossed below 5 min 75MA - see if it can cross below last low 1.2480 then to 1.2458

[kate25]

40 pip win with euro to 1.2458. There may be a double bottom at 1.2440 if not the bottom daily bolly is at 1.2422 - which would be my target - but I would watch that 1.2440, may bounce up

[kate25]

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

[kate25]

If Euro breaks minor trend line looking for bounce to 1.2485 range

[kate25]

UsdCad is well supported on the 4hr above the 75ma - I always keep a tight stop on euro when playing for quick profits up - UCad looks like it is building up a bull run again into the 1.03 range

[kate25]

UCad above 1.0235 remains bullish - capping euro to 1.2485 - 1.2498 range. If UsdChf starts rising in the short term - euro will fall back down. Guard any quick long profits on euro