Trade Entry

[Mahesh Maiya]

Hi

 

In 5 minutes chart when to enter trade if crossover is below DOR but price has moved up latter on

 

Regards

Mahesh

[Rich Fitton]

Hi Mahesh, is there an example you’ve seen on a chart that I can take a look at for you?

[Mahesh Maiya]

Hi Rich

 

Example is for EUR-GBP 5 minute chart

[Mahesh Maiya]

Hi Please find chart

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[Mahesh Maiya]

Hi Rich

 

Can you please look into the chart and let me know when would be the entry point for buy trade

 

Mahesh

[Rich Fitton]

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?

[Mahesh Maiya]

Hi Rich

Have attached another screen shot, with crossover marked

 

Regards

MM

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[DAVID KING]

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?

Regards,

Dave.

[Rich Fitton]

Hi Mahesh,

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.

[Author]

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