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Simple 5 / 8 moving average crossover

Someone PM'd me for the percentage of ATR indicator. Here it is.

Simple 5 / 8 moving average crossover

GBPJPY cross. Might be safer to wait until price breaks resistance at 234.80 and breaks the trend line. Note that the weekly is trending down. You can't just blindly take every cross.

Simple 5 / 8 moving average crossover

The GBP/JPY is extremely volatile. A 10 pip SL is very tight. Can go 10 pips either way in the blink of an eye. Being extremely conservative, yes we have a cross, but it's hugging that pivot point too much for my liking. Looks good on the 4 hour but ...

Simple 5 / 8 moving average crossover

Decided to close the GBPUSD trade for 130 pips profit. Felt too nervous about the interest rate statement due in 2 hours time.

Simple 5 / 8 moving average crossover

Here are the indicators I use. The weekly and monthly pivots. I've also included the Demark trendline manager. Just thinking about time frames. Trading the daily charts allows you to have a life as you say Aelimian. I used to trade stocks and then ...

Simple 5 / 8 moving average crossover

Is anyone in the EURCAD. Note the weekly is stalling to the downside.

Simple 5 / 8 moving average crossover

Here's the EURCAD trade. It's hitting some major support if you look at the weekly chart. May get out sooner rather than later. Don't forgot to look at the 4 hour. Trend lines are important too. You can often get a better entry by waiting for a ...

Simple 5 / 8 moving average crossover

I use the 5 and 8 Ema crosses on the daily charts only, but confirm entry on the 4 hour. The GBPUSD short was a perfect setup. Try using pivot points. They are very powerful particularly if there is a confluence of events on different time frames. ...

Simple 5 / 8 moving average crossover