21sma & 60sma

[jungles]

Re: 21sma

usdcad :?:

edit: close +3 pips
.

 

[jungles]

Re: 21sma

Gbpnzd :?:
.

 

[jungles]

Re: 21sma

chfjpy :?:
.

 

[jungles]

Re: 21sma

Alongside my 21sma trades, I will begin including at this thread my trades taken after a bounce off the 60SMA, 60M.

The rules are the same as 21sma, as posted at the start of the thread.

Here's a trade I took on Friday.

In the trade shown below we have a bounce off the 60SMA (blue arrow), a good down trend (lower highs, lower lows), and no support at/ near entry.

The +2% TP was reached.

*trades will continue being posted live here at this thread next week.

.

 

[jungles]

gbpcad :?:
.

 

[jungles]

chfjpy :?:
.

 

[jungles]

euraud :?:
.

 

[jungles]

eurjpy :?:
.

 

[since77]

Hi Jungles, do you enter on the next candle of the bounce? just to check what is your entry and what quantifies a bounce?

 

[jungles]

since

bounce: touching (or nearly touching) the 60 sma with a good bullish/bearish bar in the direction i wish to trade, is required

i enter only after the 60M bullish/bearish bar has completed

the charts posted will give an idea

 

[jungles]

audjpy :?:
.

 

[jungles]

price has been tempting my stop for the past 5hrs.........be surprised if it survives

audjpy