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closed trade 2.5 pips lost

closed sell because buy signal was triggered....so long usdjpy

sold usdjpy......close below 4 ema and low taken out

closed the long audusd with a huge smile:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D this happened without any scheduled data release but may have been some unexpected rumor or news

i used the above to go long the 4 ema is the white line.exit will be on the bar that breaks the low of the bar that closes below the 4 ema. the context is not a strong down trend so not perfect but i used a bit of price action too to enter. this worked alright but the probability was little...

try this put a 4 ema. buy :set up bar is a close above the ema. entry is if the high is taken out. context a strong downtrend. opposite for sells

this thread was posted in the journal section. i think everyone missed that. it is not a discussion on the relative merits of moving averages.

thanks this is at least something specific and not vague like many of the 'this is useless' or 'my pro boys they jump and down and market goes up and down'

use ma for context not necessarily trend

a bull crossover means sell and bear cross over means buy

so you are pulling rank?. i am finding it useful........so i will use it. i am not saying you should use it too

moving averages are derived totally from price....only from pure price........ they are a reflection of price...sure they lag ...but all context is lagging

i am using averages to determine the state of the market:is it trending or ranging. i only have to check the relevant average to know what many time frames is doing....for example the 4 and 9 are in strong up trend whereas the 50 20 and 100 are flat .... this is valuable information with less...

that is your view...i have my uses

in any case you should not use them in isolation.....but i do not use crossovers at all

i have explained why i use them .....for context

please

i am using them to provide some sort of context only

i was talking about life in general

damn right we are all sooooooooo lucky