1. Usually, I use a TP, When the trade is in profit I move the stop to break even, if it goes well into profit I use a trailing stop. So it if this happens it will either hit the trailing stop or the TP. 2. NZD/JPY NZD/USD GBP/USD GBP/JPY.. It would ...

Simple 5 / 8 moving average crossover

that sounds like a very risky strategy. It hit 0.56 a few years ago, it's unlikely to be heading back there anytime soon, though anything is possible.

EurGBP

Nice trading! I only had the 1 techincal trade last week on nzd/usd for +91 after it hit my trailing stop. I am over 5% up in equity for the month currently so I am staying out unless a good setup arises. I setup a new carry trade hedge too.

Simple 5 / 8 moving average crossover

Yes, but I would wait until monday though and sell at a resistance point. I might trade it if we get a retracement so I only have to risk a smaller number of pips/equity. I am always very patient, sometimes I miss opportunities as I stay out when I ...

Simple 5 / 8 moving average crossover

Great stuff.. were you long?

Simple 5 / 8 moving average crossover

My trailing stop activated. +91 pips.. I waited patiently for the right entry and only risked 25 pips. Time to sit out now and wait for more good signals.

Simple 5 / 8 moving average crossover

I am still long too.. I have a similar target, the swing high near that area. Although I am around +120 pips or so and I also have a 50 pip trailing stop, I dont want to risk ending the trade at break even now its so nicely up

Simple 5 / 8 moving average crossover

Thanks for the post. I do agree that they are not enough alone. Support and resistance points are very important especially for entries and profit targets. Personally I am not a fan of indicators, but if they work for you that is cool!

Simple 5 / 8 moving average crossover

My NZD/USD long has just gone nicely into profit +45 pips at the moment, it was a nice 5/8 cross.. I moved the stop to break even now so it is risk free. Theres a 23.6 fib around 0.7120. Big NZD news later retail sales and rate decision, lets see ...

Simple 5 / 8 moving average crossover

Glad to hear you are doing well with it too. I also use EMAs. I only use them on daily timeframes and like you say they do lag a bit. EMAs are better than SMAs though in my experience. Though no strategy is perfect, if there was no lag it would be ...

Simple 5 / 8 moving average crossover

14 pips.. that's a lot.. is that because it was triple rollover or is it that every day? I like TRY/NZD as the volatility seems to be a lot less than most of the yen carry trades as NZD/JPY and TRY/JPY are quite closely correlated.

TRY/JPY hedge

nzd/usd showing a buy signal on the daily chart.

Simple 5 / 8 moving average crossover

I like news trading, though I only trade the NFP live. Its especially nice when there is a big deviation in the numbers. Finspreads rang me today actually, because I hadn't traded with them for a while.

News Trading in the UK : how & who to trade with

Thats great.. well done.. Keep us posted :-)

Simple 5 / 8 moving average crossover

Not tried it with the 4 hour charts, have you? If so, how is it going ?

Simple 5 / 8 moving average crossover

I found this site explaining it.. url

Simple 5 / 8 moving average crossover

yeah, that PPI was a bit of a suprise.. adding to the case for no more hikes this year..

Cable Update (GBPUSD)

I dont trade newsspikes.. I would be careful with IGIndex.. I really do not think they will give you the fills you want during the news.. If I am wrong, it would be good to know. I have only used them for medium term carry trades, and they are ok. I ...

News Trading in the UK : how & who to trade with

ya.. gbp/jpy moves more pips than most pairs, but it moves similar to usd/jpy in percentage terms. So if you were using proper risk management, most of the time you would need to use small lot sizes to accomodate the large pip movements. Yeah, ...

Using the GBP/JPY to trade U.S. news?

I am thinking with this strategy, whilst it has given me some very good signals, and I done well with it for a few months now, with some consistency. I have been stopped out quite a few times. I am thinking it may be better to open half the position ...

Simple 5 / 8 moving average crossover