Long USDCAD—week of December 3, 2017—with a ridiculously wide spread at the open!
This journal will chronicle the results of trades made based on the principles of Ms. Mae’s Trade Strategy, an intraday approach to buying and selling foreign currency pairs online that relies on multiple simple moving average envelopes (MSMAE) to pinpoint precise entry and exit levels constituting high-probability opportunities.
The approach is predicated on three major suppositions:
This journal will chronicle the results of trades made based on the principles of Ms. Mae’s Trade Strategy, an intraday approach to buying and selling foreign currency pairs online that relies on multiple simple moving average envelopes (MSMAE) to pinpoint precise entry and exit levels constituting high-probability opportunities.
The approach is predicated on three major suppositions:
- There are very specific simple moving averages which accurately reflect the overall trajectory of price in various timeframes.
- Generally speaking, price is willing to distance itself only so far from these representative moving averages before it is compelled to return to more typical deviation levels. These “maximum degrees of separation” are referred to as “statistical support and resistance” levels, and are assumed to be controlled by market makers and automated trading algorithms.
- By correctly interpreting the relationships between actual trends, average price ranges, statistical support and resistance levels, horizontal support and resistance levels, and reoccurring price patterns, it is possible to forecast with unprecedented accuracy exactly when and where price is likely to reverse direction; enabling traders to enter long and short positions when the mathematical odds are very much in their favor.
