November 15, 2021 GBPJPY 1 HOUR 20 MA
Here is a setup from a trade last week. I primarily look for candles closing at the 4 hour closes and also around the 1 hour closes around the NY session open.
There are three MA's I use. The 20 MA (blue), 50 MA (red) and the 200 MA (gold). Not only does the candle have to close on the 20 or 50 MA but the moving averages must be positioned correctly.
I use the 4 screen layout. The daily chart on the top left, 4 hour on the top right, 1 hour on the bottom left, and 15 min on the bottom right.
This is my Moving Average Correlation Strategy
A) IF Price closes on the 4 hour 20 MA, I need price to also close on the 50 MA on the 1 hour, and the 200 MA on the 15 min.
B) IF Price closes on the 4 hour 50 MA, I need price to also close on the 200 MA on the 1 hour.
C) IF Price closes on the 1 hour 20 MA, I need price to close on the 15 min 50 MA, and 5 min 200 MA.
D) IF Price closes on the 1 hour 50 MA, I need price to close on the 15 min 200 MA.
These are the primary correlations I use to trade. I also check the daily, but I find more setups with the above for IF, THEN criteria. Remember, the moving averages must be ALSO positioned correctly.
From here, I wait for a candle stick confirmation. I will either get in an engulfing candle on the 50 MA or the 200 MA.
TRADE ABOVE:
In the above chart, scenario. (C) is shown. If you check on your chart, price closed at this time on the 1 HOUR 20 MA. Shown above is the 15 min timeframe, and using the correlation strategy, price is also at the 50 MA. If you check on your own, you will see price at the 200 MA on the 15 min. This is the relationship I use with 3 moving averages between the 1 hour, 15min, and the 5 min.
The moving averages are positioned correctly on all three timeframes for a bullish move in regards with the 20 MA being above the 50 MA for the 1 hour and 15 min and the 200 MA below the 20 and 50 MA on the 5 min timeframes.
A bullish engulfing candle formed on the 15 min timeframe and here I took a buy above the high with stop loss below the low.
Does anyone else trade this way? Is this your first time seeing this type of strategy? Please respond so I know I"m not the only one here. Looking for all of your feedback!
@MDFX_TRADES
There are three MA's I use. The 20 MA (blue), 50 MA (red) and the 200 MA (gold). Not only does the candle have to close on the 20 or 50 MA but the moving averages must be positioned correctly.
I use the 4 screen layout. The daily chart on the top left, 4 hour on the top right, 1 hour on the bottom left, and 15 min on the bottom right.
This is my Moving Average Correlation Strategy
A) IF Price closes on the 4 hour 20 MA, I need price to also close on the 50 MA on the 1 hour, and the 200 MA on the 15 min.
B) IF Price closes on the 4 hour 50 MA, I need price to also close on the 200 MA on the 1 hour.
C) IF Price closes on the 1 hour 20 MA, I need price to close on the 15 min 50 MA, and 5 min 200 MA.
D) IF Price closes on the 1 hour 50 MA, I need price to close on the 15 min 200 MA.
These are the primary correlations I use to trade. I also check the daily, but I find more setups with the above for IF, THEN criteria. Remember, the moving averages must be ALSO positioned correctly.
From here, I wait for a candle stick confirmation. I will either get in an engulfing candle on the 50 MA or the 200 MA.
TRADE ABOVE:
In the above chart, scenario. (C) is shown. If you check on your chart, price closed at this time on the 1 HOUR 20 MA. Shown above is the 15 min timeframe, and using the correlation strategy, price is also at the 50 MA. If you check on your own, you will see price at the 200 MA on the 15 min. This is the relationship I use with 3 moving averages between the 1 hour, 15min, and the 5 min.
The moving averages are positioned correctly on all three timeframes for a bullish move in regards with the 20 MA being above the 50 MA for the 1 hour and 15 min and the 200 MA below the 20 and 50 MA on the 5 min timeframes.
A bullish engulfing candle formed on the 15 min timeframe and here I took a buy above the high with stop loss below the low.
Does anyone else trade this way? Is this your first time seeing this type of strategy? Please respond so I know I"m not the only one here. Looking for all of your feedback!
@MDFX_TRADES