June 11, 2015 at 12:43 pm #1110
In 5 minutes chart when to enter trade if crossover is below DOR but price has moved up latter on
MaheshJune 11, 2015 at 12:48 pm #1116
Hi Mahesh, is there an example you’ve seen on a chart that I can take a look at for you?June 11, 2015 at 3:25 pm #1117
Example is for EUR-GBP 5 minute chartJune 11, 2015 at 5:16 pm #1118
Hi Please find chart
Attachments:You must be logged in to view attached files.June 12, 2015 at 9:46 am #1129
Can you please look into the chart and let me know when would be the entry point for buy trade
MaheshJune 12, 2015 at 2:00 pm #1137
Hi Mahesh, Many thanks for posting your screenshot. I don’t see a moving average crossover on this 5min chart that you could have traded. Is there another example you can find?June 15, 2015 at 5:58 pm #1203
Have attached another screen shot, with crossover marked
Attachments:You must be logged in to view attached files.June 15, 2015 at 7:28 pm #1205DAVID KINGParticipant
Hi Mahesh, the way I see this chart is that there is not a crossover. Look at the blue line before and after the candlestick. At both points it is above. Hence, there is no signal to trade.
Does anyone else agree?
Dave.June 16, 2015 at 10:21 am #1218
I think Dave’s right in that it’s not a classic crossover switch into an up-move. But…
As it came to a close it looks like the short red candle (just) printed a MA crossover dip to the downside (blue crossing over red). And the close of the next green candle recorded the MA crossing back to the upside.
It’s more an example of a continuation trade, but going strictly by MA position alone a breakout above the long green candle after your drawn arrow was the signal bar.
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