*Official* Forex Trading thread. (DYODD advised) - Part 2

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Mr.Canberra

Mr.Canberra

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USD/CHF

Scalping USD/CHF.

Thanks to Rocketman. Stucked USD/CHF short position cleared. :s13:

Total gains for today is currently US$170.20 Din Tai Fung profit.
 
I

InterestingStuff

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Knight_Rider said:
Seems like you are not so sure on how to use MA. There are some sites that you can refer.

http://www.investopedia.com/university/movingaverage/movingaverages2.asp

https://tradingsim.com/blog/simple-moving-average/
Click to expand...

i already told you fade MA touch
you dont understand ? fade ma touch means fading the support or resistance
is the same as the link you show me.

MA still is rather useless
iteMg84.png
 
Knight_Rider

Knight_Rider

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InterestingStuff said:
i already told you fade MA touch
you dont understand ? fade ma touch means fading the support or resistance
is the same as the link you show me.

MA still is rather useless
iteMg84.png
Click to expand...



http://www.tradeciety.com/how-to-use-moving-averages/

You need to know how to make full use of them and not just 1 function. Then from the std numbers modified your own so it suits your trading style. And not including breakout and fake breakouts but that is another story.
 
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Mr.Canberra

Mr.Canberra

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KIWI TECHS: Focus Returns To Key DMAs

KIWI TECHS: Focus Returns To Key DMAs
*RES 4: $0.7377 - Hourly support Sept 20a now resistance
*RES 3: $0.7364 - High Sept 21
*RES 2: $0.7344 - High Sept 22
*RES 1: $0.7296 - Hourly resistance Sept 25
*PRICE: $0.7259 @ 2100GMT
*SUP 1: $0.7252 - Low Sept 25
*SUP 2: $0.7248 - Low Sept 18
*SUP 3: $0.7210 - Hourly support Sept 14
*SUP 4: $0.7182 - Low Sept 14

*COMMENTARY: A lack of topside follow through continues with the break back below $0.7293 leaving the pair looking heavy once more and pressure back on key DMAs. bears now look for a close below $0.7130 to confirm a break of the 21-DMA and shift overall focus back to 2017 lows. Daily studies are well placed for losses. Bulls now need a close above Bulls now need a close above $0.7296 to gain breathing room.
 
Mr.Canberra

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FOREX: Consolidation was predominantly the theme...

FOREX: Consolidation was predominantly the theme during the Asia-Pacific session, markets remaining in risk-off mode amid an escalating war of words from N Korea. Dollar-yen carved out a Y111.54 to Y111.80 range and was last at Y111.60. Aussie-dollar rose from $0.7923 to $0.7948 on reported buying from domestic corporates, Aussie-kiwi demand also helping to underpin. Aussie was last at $0.7945. Kiwi-dollar edged lower from $0.7278 to $0.7236, a downbeat ANZ NZ business survey keeping the kiwi on the back foot. Kiwi was last at $0.7247. Meanwhile, Euro-dollar is currently at $1.1860 and Cable at $1.3482, after trading in respective ranges of $1.1845 to $1.1861 and $1.3459 to $1.3485.
 
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