I built it in the pine editor on the tradingview website. If you want it, simply copy this into your pine editor: //@version=3 study(title="48 SMAS EURUSD", shorttitle="48 SMAS EURUSD", overlay=true) plot(sma(hl2, 48)+.0350, color=white, ...

EURUSD only

I only mentioned the length of the recent diversion so as to point out that it was getting long in the tooth and we should expect a bounce any time. As we can see it failed to break the February record. image That said, the February period was ...

EURUSD only

image I use a 4HR chart with a 48 period MA which is roughly an 8dayMA. When shorting, I place orders to sell short at intervals of 20 pips above the MA. If the price goes all the way up to 100 pips above the MA I will have 5 shorts going. Then, ...

EURUSD only

image I hope we get all the way to 1.1050 before the next move south of the 8dayMA. I got more short at 1.09930 at 09:04:02AM CT as the price hit my limit order to sell. So with that and my 03:38:59AM CT entry at 1.0973 my total position averages ...

EURUSD only

To paraphrase Buffett: Financial markets are devices for transferring money from the impatient to the patient. If EURUSD goes up from here I'll get more short at each 20 pip interval. If it goes down from here I'll groom my stop and take profits at ...

EURUSD only

image Got short at 1.0973 with a limit order as price struck 20 pips above the 8dayMA.

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FX trading can actually be a lot less risky than most businesses. It is not inherently more risky. It just has much lower barriers to entry than most businesses and thus a lot more idiots involved. But they are part of the source of the winning ...

has anyone EVER seen a successful trader/trading system?

Well I like the asymmetric exposure to the direction. A 250 pip jab to the south would not hurt me one bit. In fact, I would love that. And I benefit also from the rollover in my account as I hold a short position. I like that too.

EURUSD only

There are three rules:

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1.13030 is 350 pips above the 8dayMA, a level that is taken out after a fading entry historically less than once a year and less than once to every 35 or more trades in my system. I size my positions not my stop distance to get my total equity at ...

EURUSD only

I only use the H4. 1.09730 is 20 pips above the 8dayMA which is currently at 1.09530. All of my entries are short limit orders placed above the 8dayMA at intervals of 20, 40, 60, 80, 100, and 150 pips. The initial SL is 350 pips above that 8dayMA. ...

EURUSD only

I shorted at Central US Time 3:05:37 AM September 19 with a limit order to sell placed 20 pips above the 8dayMA and covered so of it at 1.10229 at 7:41:57 AM on September 20 at 20 pips below the 8dayMA. Then I covered more at 1.10028 at 10:27:59 AM ...

EURUSD only

image 48 four hour candles printed without touching the 8dayMA and then that was that. That was one of the top 5 longest diversions of 2019. And with that I am out flat. I'll get short at the next sale 20 pips above the 8dayMA.

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And now it broke. I'm waiting on the 8dayMA to break. If prices stay below it until this afternoon we will have a new record for the year. Doesn't look like we will. If that breaks my short from 1.10621 will close and my first re-entry (short) will ...

EURUSD only

FXCM handed me insane amounts of slippage often before they got shut down in the U.S. And their adverts were deceptive. I switched to Oanda in 2016 and have had no troubles since. But being able to trade in single units is what makes Oanda a cut ...

EURUSD only

image Well we are looking like we may get to 172 hours of diversion from the 8dayMA here in a couple hours. After that we will have to go another 28 hours to beat the current longest diversion back from February when EURUSD remained below the ...

EURUSD only

Hasn't seemed to do much thus far. Hopefully we get a good bump out of it.

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image Still short from 1.10621 on Sept. 19 with a remaing profit target at 1.0877. SL @ 1.1007 (just above the 8 day moving average). Took profits at 1.1002 1.0982 1.0947 1.0927 My guess is that EURUSD will bounce back up to the MA8day before ...

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EURUSD Breakout right now.... image

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Yes, bloodied and bruised it is laying on the support level.

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