Happy new year fellow trades. Hoping for a great year with pips.
As for changes to my method, I only have a minor one. I am using the SR lines when entering / re-entering a trade. If you like you could use this to exit a trade too.
Please see the initial post for all the changes.
Update
eur usd ma crossed, but it is too close to my sr line @ 1.3558, so I am not taking this trade
new trades
usd chf buy @ 0.9061 (MAs crossed and the price was near my sr line @ 0.9044, but last week Friday the price crossed the sr and today it opened it above SR)
Update
new trades
usd cad buy @ 1.0808, sl @ 1.0685 (I have my sr line @ 1.0708, hence the slight change in sl)
open tades
usd chf buy @ 0.9061
usd cad buy @ 1.0808, sl @ 1.0685
Update
buy usd cad move sl to 1.0838
new trades
open tades
usd chf buy @ 0.9061 , sl @ 0.8961
usd cad buy @ 1.0808, sl @ 1.0838 (sl moved)
I myself like the higher charts, I dont go lower then 4hour charts on the system I use,
You have something good here, although I see there was another user who recommended 9/20 ema, works fine aswel, but as any system there are flaws, as you say in your post, you use other idicators too… Do you check them on higher time frames etc to spot a trend?
How long do you let your trades run? If it opens a monday and on Friday still oging do you leave them over the weekend or close them before…?
I myself do not like leaving trades open over weekends as when the market opens I am asleep so cant really do anything until I wake up though
Update
new trades
buy aud usd@ 0.9049, sl - 0.8949
open tades
buy aud usd@ 0.9049, sl - 0.8949
usd chf buy @ 0.9061 , sl @ 0.8961
usd cad buy @ 1.0808, sl @ 1.0838 (sl moved)
I don’t go higher than the D1. Other indicator that I use is PSAR (with default settings). However, I don’t use this to enter a trade. I use this to identify potential trade reversals.
I keep my trades open until the ema’s cross or sl is hit. Never close them before the week end. Since trades are based on daily, you need to keep them opened for a long time (20 to 30 days sometime). Otherwise you cannot catch the pip move. My 2 cents.
Update
usd cad sl moved to 1.0847
new trades
open tades
buy aud usd@ 0.9049, sl - 0.8949
usd chf buy @ 0.9061 , sl @ 0.8961
usd cad buy @ 1.0808, sl @ 1.0847 (sl moved)
Just a recap on ur singals
open tades
buy aud usd@ 0.9049, sl - 0.8949 This not may money
usd chf buy @ 0.9061 , sl @ 0.8961 This will and is
usd cad buy @ 1.0808, sl @ 1.0847 (sl moved) double in
Could you explain why aud usd is not on the money please? I would love to filter those out, if possible.
Update
buy aud usd stopped out for 100 pip loss
new trades
open tades
usd chf buy @ 0.9061 , sl @ 0.8961
usd cad buy @ 1.0808, sl @ 1.0847
buy aud usd@ 0.9049, sl - 0.8949 This not make money
Is going to create lower lows this week. Lets see
Update
new trades
buy usd jpy @ 104.58, SL @ 103.18 (More than 100 pips as my SR line is at 103.52, so sl is few pips below that)
open tades
usd chf buy @ 0.9061 , sl @ 0.8961
usd cad buy @ 1.0808, sl @ 1.0847
buy usd jpy @ 104.58, SL @ 103.18
Just to help can i correct ur signals so we can be profitable both side. for us and de viewer:58::45:
new trades
buy usd jpy @ 104.58, SL @ 103.18 (More than 100 pips as my SR line is at 103.52, so sl is few pips below that)
open tades
usd chf buy @ 0.9061 , sl @ 0.8961
usd cad buy @ 1.0808, sl @ 1.0847
buy usd jpy @ 104.58, SL @ 103.18
Absolutely. I really appreciate any help is making this profitable for everyone.
Update
new trades
buy aud usd @ 0.8815. broke through my SR @0.8821
open tades
usd chf buy @ 0.9061 , sl @ 0.8961
usd cad buy @ 1.0808, sl @ 1.0847
buy usd jpy @ 104.58, SL @ 103.18
buy aud usd @ 0.8815, sl @ 0.8915
buy aud usd @ 0.8815. Go for it
Other pairs im not so sure
But look for buy with G/j 170.80 enter TP 171.450 approximate sl 170.40
Thanks for the update. Really appreciate it. Presently, I am using this method against only 6 pairs (eur usd, usd chf, gbp usd, usd jpy, usd cad and aud usd) That’s why I don’t have g/j. But if you are going to look at them, it will be great.
Thanks again.
Update
usd cad moved sl to 1.0864
new trades
open tades
usd chf buy @ 0.9061 , sl @ 0.8961
usd cad buy @ 1.0808, sl @ 1.0864 (sl moved)
buy usd jpy @ 104.58, SL @ 103.18
buy aud usd @ 0.8815, sl @ 0.8915
it sounds simple and interesting , i think overall your system works but what are the ratio SL / TP from what i tried jpy pairs are choppy too much and usd/gbp needs very big SL the perfect is eur/usd Just wonder where you stand in profits monthly percentage . i also working on moving average strategy 13-26 ema’s i buy or sell with the trend and only when price is in (or little bit around) the channel created by those ema’s. i also use bulls and bears power 13 to get me idea of the strength. so even if i see price go to the channel from the bottom upward but the bears don’t show weakening i will not take the trade and the opposite. its good filter in ranging markets especially when the bears and bulls are strong together that shows me stay away . but i still working on it .
i also will try on your emas but i will try to enter not on cross but as soon as price close inside the chanel and i see change in direction of ema and see confirmation from bears/bulls . i think it can work not bad . good luck !