Yup that didn't work but it doesn't mean this time it won't. This time the bearish engulfing candle is formed after being rejected from Draghi's 1.4000 sand line, with both monthly and weekly pivots pointing to south, so it makes sense to take a ...

EURUSD

Last week a weekly bearish engulfing pattern that formed suggests that the price should going down further as there are still plenty of room for price to move, moreover price has not yet reach the desirable 1.5 : 1 reward to risk ratio for bears who ...

EURUSD

Price remains well below the monthly pivot at 1.3814 and it just recently broke the monthly S1 at 1.3722 too. Looking for new fresh weekly and daily pivot points by next week to join the selling crowds.

EURUSD

I found that you can simply ignore the weekly trend because a combination of H1-H4-D1 is pretty sufficient enough. What you said was correct. It is Yen weakness that drives the price movement, but definitely not the rules I set, because when I'm ...

100EMA & 200EMA Pullback System using MTFA

Something to add on... After browsing your member profile it seems that you are a person who is constantly looking for a "holy grail" system for years in FF that never exists with great hope that it will help you to make more "pips" but not real ...

100EMA & 200EMA Pullback System using MTFA

Everything you said here is right and I understand your point. By the way, I have demo traded my previous strategy for 3 months and this refined strategy shares the exact core MTFA approach and so far it has given me excellent results. If you ...

100EMA & 200EMA Pullback System using MTFA

As expected, target hit (USD/JPY). I'm experimenting with different value of EMAs namely 200, 300 and 400 and hopefully I will release this system soon if my demo is a success. image

100EMA & 200EMA Pullback System using MTFA

Instead of closing the trade manually once price closed below the 200EMA (on the H1 chart), you should open a second trade as long as your SL (based on the D1's ATR) is not triggered. This way you could enter the market earlier after a heavy ...

100EMA & 200EMA Pullback System using MTFA

Looks like JPY is still strengthening in the afternoon but I'm confident that it is just a near term bearish correction. I would continue to hold long trades as long as my SL is not hit. Let's see what will happen by tonight. image Opening several ...

100EMA & 200EMA Pullback System using MTFA

Agree. I prefer higher time frames and this is also the way I love trading. New traders tend to get excited when they trade intraday charts (less than H1) because of quick pips but over the run they would lose more than they can win. There are too ...

As Easy as "PI"

Here are the latest live trades I have taken on buying NZD/JPY and selling USD/SEK. I use D1 chart as my viewing frame once I have made my entry on H1. As you can see from my screenshots, both trades have correctly fulfilled all my entry criteria. ...

100EMA & 200EMA Pullback System using MTFA

Yes. But I do change my TP level if I see price has hard time to break through one of the important Murray Math resistance lines.

100EMA & 200EMA Pullback System using MTFA

Everyone has different TP approaches. You can either use a 1:1 or 1:2 risk to reward ratio that you mentioned which is 60-120 pips as calculated from your entry, or you can set your TP at the nearest S/R level. I'm currently using the Murray Math ...

100EMA & 200EMA Pullback System using MTFA

Here is the USD/SEK (Swedish Krona) short trade that I have taken tonight. So far so good. (please ignore the H4 chart because I selected wrongly the template when I screenshot this picture =.=) image

100EMA & 200EMA Pullback System using MTFA

This is one of my system which uses the same MTF approach as my previous Heiken Ashi system that I traded with good results on the demo for 3 months. I hope you strictly follow the entry rules as described and show us your result here once you have ...

100EMA & 200EMA Pullback System using MTFA

Dear patguay, I observed that my trade of NZD/JPY which closed outside range of both EMAs has a tendency of moving back into its uptrend momentum. I have also noticed that if we trade after price has closed outside the range of both EMAs we have a ...

100EMA & 200EMA Pullback System using MTFA

Here is another long trade of AUD/USD with all entry criteria met. Let's see how far price will go. image

100EMA & 200EMA Pullback System using MTFA

No way I'm going to open a new thread and there is no reason I should do so. Everyone knows that there is no such a "perfect" system or a holy grail exists and the only way we can do and survive in the forex market is to trade with probability and ...

100EMA & 200EMA Pullback System using MTFA

Thanks for your support. The system I PM you yesterday actually is based on a smaller time frame basis and I think it looks more complicated than this system I'm sharing. Further backtesting and demo is required although I'm trading this live now... ...

100EMA & 200EMA Pullback System using MTFA