MA Crossover System that works for me

Quoting AlistairC

Disliked

just for you, josi

Ignored

Quoting AlistairC

Disliked

Here's something that will ruffle a few feathers!! I have been going through old files in my forex trading folder. It's an interesting journey back in time. But I found the holy grail lurking there - the Buy-Sell indicator!! So today I decided to create a trading strategy with it to help you get rich quick! I decided pretty colour-changing lines are critical to its success (green on the way up and magenta on the way down). And to add to that I used that 4-MA setup I found the other day (just for you, josi ). It uses Fibonacci numbers: 5,...

Ignored

Quoting AlistairC

Disliked

Not much going today. Many of the pairs are in very long trends that I'm not keen to enter. Has anyone else met with any success today?

Ignored

Quoting AlistairC

Disliked

{quote} This has been going on today. It's a double top pattern on AUDJPY H4. The daily shows an established downtrend. A good thing about this double top is that the second high is lower than the first, which shows a more certain weakening of bullish sentiment. So it should go down. {image}

Ignored

Quoting AlistairC

Disliked

I don't normally like to enter trades on a Friday but didn't want to miss this one. It is based on the 3-EMAs aligning signal that I have used and posted about previously. So it's not the 3x3 method (3 EMAs aligned on 3 TFs) but, to be precise, the 3x1 method {image}

Ignored

Quoting AlistairC

Disliked

{quote} But most of those trades I would never take because they were where price and the EMAS were far separated, very stretched ...

Ignored

Quoting Uru-trader

Disliked

I put in an order for EURJPY on Friday as I saw a retracement in an uptrend, maybe I should have waited untill today and might have chosen a lower entry price, but still this is another proof that the strategy to trade pullbacks works fine, I think. In fact, this trade was opened exactly at a MA crossover, although the bullish arrow still has to come. I will move my SL to BE and my TP is at 160, wait and see, we have now freached a critical level {image}

Ignored

Quoting AlistairC

Disliked

{quote} This trade might not work, but it should ... I looked at every one of the yellow (3x1) signals on AUDNZD H4 this year and without any filtering or application of safety rules this exercise produced 6 winners of 150 pips each and 2 losers of probably around 80 pips each. I looked at just one trade after each arrow, not "follow-up" trades in the two long trends that I saw. There were several B/Es at 50 pips. With a little bit of filtering and care the two losses might have been avoided. CADCHF produced 5 winners, 10 losers with trading every...

Ignored

Quoting AlistairC

Disliked

This AUDJPY trade was based on an EMA crossover signal. Then I saw the chart pattern and placed the TP at the lower boundary for a 70 pip trade. {image}

Ignored

Quoting josi

Disliked

{quote} a man's gotta do, what a man's gotta do! magical thinking has already caused many a bankruptcy, so off you go... As to MAs: let's say price equals MA period 1 (just for fun's sake): that would mean a D1 simulation on H4 ought to be something like period 6, right (H4x6=D1) that would mean a W1 simulation on H4 ought to be something like period 30, right (H4x6=D1; D1x5=W1) that would mean a Mth simulation on H4 ought to be something like period 120, right ((H4x6=D1; D1x5=W1; W1x4=Mth) So your 8,21,100 are pretty close to the real thing. And...

Ignored