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10sma on Weekly Chart System

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  • First Post: Edited Jul 7, 2018 1:47am Apr 9, 2011 4:35am | Edited Jul 7, 2018 1:47am
update 2018/7/7
my apology about the words "huge money". make huge money or not, the capital scale makes sense.
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Hello,everyone ,i want to share a amazing system here ,i am sure you can make huge money with this sysytem .

this system is useful to all pairs ,EURUSD is the best one .

you just need a 10sma line on your chart .

turn your chart to weekly chart （daily chart is not too bad ,too. the difference is just fund management).

open order:when the 10sma is downward. open a short order near the 10sma , and when the 10sma is upward， open a long ordernear the 10sma.

stop loss : when your order is short , stop lose if the price broke the 10sma, when your order is long ,stop lose if the price broke the 10sma .

take profit : when your order is short, take profit after the peice broke the 10sma.and when your order is long ,take profit after the price broke the 10sma.

additional condition(it is NOT necessary，but if you get this chance ,TOO, it will be a better trade chance )： the 10 smas on monthly chart ,weekly chart ,daily chart have the same tilted direction, and the price on monthly chart ,weekly chart ,daily chart is NEAR the 10 sma AT THE SAME TIME .however， i prefer to turn the weekly chart to the main chart window when i use this system .

no one can deny it:the market is out-of-order. just follow a fixed principle, of coures ,not bad principle( you can test it ) ,then, you will win .

good luck .

just test it .
everyone knows KISS, here it is .keep it sample and stupid.
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A chart helps those who can read it.
Thanks for this system. I will try it on Monday and let you know how I do.
Quoting form
when you mean price break for the stop loss, do you mean a closed bar on the opposite side of the ema or just a pierce through the ema?
i prefer to wait for the closed price done .

what matter is your fund management. stupid system plus good fund management equel winning trader . BECAUSE Forecasting exchange rates has a success rate no better than that of forecasting the outcome of a coin toss - Alan Greenspan, 2004 ,and the 10sma is the life line of trend . this system need you have much patience,but i am sure you will got money from the market with this patience. good luck.
A chart helps those who can read it.
Quoting gerry berard
Thanks for this system. I will try it on Monday and let you know how I do.
you will have to try it when you get a good chance ,you know ,this is longterm system ,you will get a few chances ,but you will get huge pips on each trade ,and you will be not tierd for looking at price change from X.XXX1 to X.XXX2. you will do few trades ,but you will make few mistakes .good luck .
A chart helps those who can read it.
Quoting geniusztc
hello,everyone ,i want to share a amazing system here ,i am sure you can make huge money with this sysytem .

this system is useful to all pairs ,EURUSD is the best one .

you just need a 10sma line on your chart .

[color=black]turn your chart to weekly chart .

open order:when the 10sma is downward. open a short order [color=red]near [color=black]the 10sma , and when the 10sma is upward， open a long ordernear...
Please show the exact entry and SL on a chart. Thank you
Quoting aelimian
Please show the exact entry and SL on a chart. Thank you
hello, look at the first post ,i have added it .good luck .
A chart helps those who can read it.
Hi

Do you think this is a good entry? The orange line is the 10SMA

Thanks
Vicky
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Fall seven times, stand up Eight! #GGMU
Quoting geniusztc
hello,everyone ,i want to share a amazing system here ,i am sure you can make huge money with this sysytem .

this system is useful to all pairs ,EURUSD is the best one .

you just need a 10sma line on your chart .

[color=black]turn your chart to weekly chart （daily chart is not too bad ,too. the difference is just fund management).

open order:when the 10sma is downward. open a short order [color=red]near [color=black]the 10sma...
Hi a picture tells a 1000 words and speaks volumes,can you post where you enter your stop ,plus target,on a chart.That would be a great help .Thanks
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A chart helps those who can read it.
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A chart helps those who can read it.
Quoting geniusztc
Hi,
The previous 2 candles to last candle was green along with upward slope of 10sma..
So that means we could have opened long position a week ago..however that trade was about +200 pips but later on resulted in stoploss hit..as this week price crossed below 10sma..
Am I right??

regards..
Quoting geniusztc
I am going to follow you., sir.
Bomi
last week, got two lose trades .
A chart helps those who can read it.
looks quite interesting.
need to practice it on my demo acc.,
thanks
Mind is the King
Did this system work for anyone or has it just died a natural death.
Quoting don555
Did this system work for anyone or has it just died a natural death.
Hi Don. I put the same question to the thread starter. He said he still usesthe system but is just too busy to post. I guess it is up to us to demo it and post our findings...

Olu
If you think you can or cannot do it you are correct
Olu do you understand exactly what he means by his instructions because I do not.
How do we measure by close to
Quoting don555
Olu do you understand exactly what he means by his instructions because I do not.
How do we measure by close to
Hi Don

I interpret this statement to mean the first close below or above the weekly SMA. Looking at his charts and they have been profitable if he took all those trades, this system has promise.

If we have a big slice through the sma and close waaaay below it or above it I will give the trade a miss because there surely will be some retracement.

Be prepared as well these trades could last a long time and you could be needing the patience of an angel to stay in all the way. This system will suit me fine because I am always looking for ways to capture the main trend and position trade it.

Perhaps you and I can attempt to work together on it and try and modify it for our purposes on this thread. I am sure 2 or three 500pip profitable trades will bring in more posts and comments

Olu
If you think you can or cannot do it you are correct
Don

According to the system you would be long gold from 1731 area. You would have sat in drawdown for 2 weeks. But let us watch this one.

My Addition:
(1) I slapped on the MACD with usual setting and we are positive on it. So the trade might turn out to be good...
(2) I would be looking for a retracement after that long candle slice through the sma. I would be looking to get long as close as possible the the sma maybe around 1710 area. The 2 points above are mine not and not from the original author

Olu
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If you think you can or cannot do it you are correct
Olu I think he also meant if you are in a trend and it pullsback close to the 10sma and closes for that week you can then re-enter.

Could you not have entered on the previous week 15/1-22/1 on your gold trade.
He also dose not mention anything about sup.&res. but surely we would need to account for this.

I am also following a thread which is similar to this which might interest you it is called Daily Chart w/ 10sma which takes sup.&res. in to account and the stops I am sure will be smaller.
There also seems to be a lot of interest.
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