Recent content by cambridgedon

Probably the right choice! Got stopped out for- 40 pips. Glad I moved my stop.

Well, I kept an eye on EUR/USD as per Jack's post above and opened a short at 13782. Now moving the right way and in profit. Jack, did you get in? CD

Jack, apologies. Your wording was not as misleading as the blinkers i was obviously wearing when i looked at the chart! I've taken another look and I'd say " yes". The rules would be me,t with the counter-trend running out of stream. I'll keep an eye on this pair. Good trading. Anyone else...

Jack, Afraid not! The 4H sma is negative. So is the 1H. The 5mins ma has crossed but the first two conditions have not been met ( your ducks are NOT in a row!). Apologies to CC for answering questions on his method. All the best with your trading. CD

Captain, thanks for the comment. sh5467 I think that's the point. Any system also needs to use other tools such as S/R. (+ judgement as Captain rightly reminds us).

Perhaps Captain C will comment, but on my reading of the system a trade would be triggered on the 5 ma being crossed in the same direction as the other 2 TF's. Whilst you are theoretically right about a low being broken I wouldn't want to enter a short after a fall of 120+ points. I suspect...

Are you sure a cable trade was triggered?? All three timeframes are heavily negative and have been for some time.

Well done on cable. Fancy USD/CAN but have to go out all day and there's loads (as ever) of market-moving data out on both currencies. So what to do? Re:stops. Yes, in many ways choosing the right stop is even harder than finding the trade and the entry. Yesterday was a classic. Must have had 5...

Just picked up 55 pips on EUR/USD short. Held for minutes and closed out a profit at 14876. May miss a bigger move but don't want to give it back (as I often seem to do).

Cable trade. Stopped out already. worst trade of the week. I must be stupid after pointing out the breach of 5M SMA and then pressing the button!! (going for a lie down in darkened room).

Dave, Sorry to hear about your losing trades. Went short on cable @16556. 30 pip SL. Not very confident but we'll see. Where did others put their stops?

Looking at cable. The 5m sma has now been broken on the upside. Is the trade invalidated?

Annoyingly, my USD/JPY short would now be in profit. That's trading!!

Morning Quackers! (sorry about that), Well, I got stopped out of my USD/JPY short for -12 points. Dave you were right. Tullibody, don't think it's BOE day today. Infact, pretty quiet until 1330 gmt. Looking at cable to see what all you guys (and gals) have done. Good trading, now back to the...

This USD/JPY trade is like watching paint dry AND doesn't seem to want to go in the right direction either!