trading using moving averages

closed the long audusd with a huge smile
this happened without any scheduled data release but may have been some unexpected rumor or news

 

sold usdjpy......close below 4 ema and low taken out

 

closed sell because buy signal was triggered....so long usdjpy

 

closed trade 2.5 pips lost

 

long eurusd

 

stopped out

 

sold eurusd not a ma sell but a context sell a tight channel the only thing to do is sell

 

if you can read context you can enter on a indicator setup or price action or both and it will work.
it takes a few minutes to learn a set up.

and it takes years of trading experience to understand context.

if you do not know context set ups will fail.......

 

exit a buy when a sell signal triggers.
but if the context is a tight channel then do not trade this setup OR ANY SETUP.

just trade the context.

like in this chart do not look for setups JUST SELL AND PUT A WIDE STOP

 

trading is about determining context and then looking for a set up to enter.

this is why 90% of traders lose ...they do not understand context but they love set ups.

set ups can be taught. context has to learnt.

Brooks is hated, by some, because he teaches context and not set ups.