Trend Break Established – Drop To Lower Time Frame

Forex Kong 4 Comments

Pull up $dxy ( dollar index )

Drop to a 1 hour time frame…..and plot the 200 SMA.

Let USD retrace ( move higher ) to touch the 200.

Mark this level.

Place a “limit sell order” 50 pips below said level with a stop a full 100 pips “above”.

Ride this trade for 11 days.

Ask me more.

Thank me later.

Do the exact opposite long EUR/USD.

Ask me more.

Thank me later.

Forex_Kong_Eyes_Real

 

 

 

 

4 Responses

  1. Timilica December 4, 2015 / 2:01 am

    so u want to short dollar index 50 pips below a level? why wait to drop from that level and not enter near that level?

    Reply
  2. [email protected] December 4, 2015 / 7:48 am

    I’ve never used 200SMA and the way that you described. So let me make sure I got this down right. Are you saying have a buy limit order at around 1.0657 for EUR/USD? There is a nice little demand zone around 1.0645-1.0670.

    Also, is this strategy using 200SMA something you always do when entering a position?

    Thanks.

    Hisham

    >

    Reply
  3. Hisham December 4, 2015 / 7:49 am

    I’ve never used 200SMA and the way that you described. So let me make sure I got this down right. Are you saying have a buy limit order at around 1.0657 for EUR/USD? There is a nice little demand zone around 1.0645-1.0670.

    Also, is this strategy using 200SMA something you always do when entering a position?

    Thanks.

    Reply
    • Forex Kong December 4, 2015 / 9:14 am

      Short term moving averages on short term charts have you trading like the masses…exactly how the brokers/industry wants you to be.

      Plotting longer term MA’s on short term charts can be very interesting / valuable.

      Reply

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