it formed crossover and adx was above 30…i set a T/P on 1.2945 becouse it’s a support line. what do you want to know about method?
I have looked at my graph again and again…I have found the crossover point and ADX is above 30…ok…its fine I got it…the question is the point there…I dont understand if I should long or short in this position
if faster one(EMA 5) is above the slower one you shouldgo long, if opposite go short. things clearer now?
where could i find EMA 5?
it’s moving average which you insert on your chart, everything is explained in my first post. try to find moving averages in school of pipsology, it’s really great explained
ok…i have inserted the EMA 5 into my graph…and i have been looking at your first post, what do you mean by the faster one(EMA 5) is above the slower,which one is faster and which is slower?, EMA 5 is faster and EMA 20 is slower?
you have EMA5 and SMA10 in my strategy…faster is EMA5
caught magnificent entry, still holding on some positions. checking the news but thinking that eur/usd could go down to 1.2720. aud/usd like i said before dropped a lot, for now having 100 pips in profit, here’s the picture.
Hi Bullish,
nice thread!
As I see, you don’t take care of ADX direction…isn’t it?
If ADX < 30 when Mas crosses, do you enter when (if) DX rises to >30 (see image)?
Click on the Image to enlarge it.
Thanks!
Thank you very much az. It just has to be greater than 30, or if crossover and close to 30 and raising you could enter it. But really close, just be patient because I use this as confirmation of trend
Thanks guy,
Some more questions…
Wich pair do you trade?
In your experience, what is the best method for SL/TP?
How do you determine the Resistance/Support lines…? Previous Swings High/Low in 4H TF?
Thanks again!
I usually trade eur/usd and aud/usd, you could try something else and tell me if it works also. Best method is support/resistance lines but when i open the trade i open few positions, most of them i close after breaking the first S/R or after making 100 pips profit. i usually leave two postions opened to catch really strong moves For SL i use also S/R but it must be at least 50 pips away from open if you play safe, or you’re waiting for crossover and some confirmation that reversal will happen. it’s really easy when you get into it. i use website forex crunch to determine S/R. any more questions?
Glad that i can help
which time frame graph are you focusing on within your method ? 4hrs?
yes, i use H4 TF
news going our way, nice trend on eur/usd
nice profits last week. again going short eur/usd at 1.2760
stopped out by crossover, but locked some profits when was up by 20%
Hi bro,
Could you plz. explain me why ( and when) short @ that price? In my chart there’s an up crossover of MAs and Psar below price…
20%…? How much do you risk on each trade?
Thanks!
[QUOTE=Aztrader2;310123]Hi bro,
Could you plz. explain me why ( and when) short @ that price? In my chart there’s an up crossover of MAs and Psar below price…
I have shorted this becouse at that time there was no crossover and read sonething online which kept me going short, but when crossover happend i closed the trade. I risk too much becouse i am still demo, but when live i will risk 2%.
speaking of crossover did you buy it? it sure is some nice entry