Still need to recognize what that impulsive moment was going to do. Could have sold at the top of breakout box. Should have sold on yesterday's pullback.

NZDUSD - I'm interested to see what the reaction is here as we come into London open. It's an extreme after a strong move. I would like to see a bounce to add some validation to the system.

NZDUSD - Since NZD closed at the bottom of its moving average range and weekly range , the signal would be a retest of the low. We didn't get that hard of a move out of the lower daily moving average range so , I am thinking we won't get too much consolidation before a move back towards the middle of the range. If it consolidates around the bottom channel of the stretch , I would like to look for a buy with a reasonable stop loss. I'm not sure where to expect a target price as of yet. Possibly a 2 day target price if we don't get stopped out. ( 1st target area - .7244 - 49 ? )

Trying to settle in on a system. I think it's close. Need a little more time to develop. Especially considering these are the slow months. I like it a little better than bollinger bands. It's a little bit more smooth and not as messy.

I guess an important factor that I forgot to mention was the start time. I am using GMT+2. 2pm USA pacific west coast time is my starting point

NZDUSD - Still waiting to see if this is going to be a valid signal. Broke the low by around six pips and seems to be making a consolidation at the lower moving average range.

JADragon3 wrote: Thu Aug 24, 2017 5:11 pm NZDUSD - Still waiting to see if this is going to be a valid signal. Broke the low by around six pips and seems to be making a consolidation at the lower moving average range.

Got in a little too high at the bottom. SL wasn't large enough. Got stopped out for half a pip..Should have made it a pip and a half

I guess the only issue I am having at the moment with the system is the recalculation of the averages. I will have to find a way to remedy that situation. After all , it is a MOVING average. It will get figured out in a more concrete manner.

This does seem to be giving good symbols for daily positioning of swing term to long term trend trades. I have some other stuff to go over when it comes down to the daily position entry. I'm testing it out a little bit more for results. When it comes to the Moving daily range average , I believe it would be considered more of filter rather than an actual system. I suppose you could call it a key ingredient in a systematic daily process. A visually built , on chart trading plan for morons like me. lol...More to come

I suspect a pullback to the median and then a retest of the top. I think it has more room to make a limited move upwards.