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There is no Magic Moving Average - You need only one

  • #21
  • Aug 17, 2017 7:27am Aug 17, 2017 7:27am
hi andoseg

your post give me one side how to looking chart deep on a trend or reversal of trend..


thank brada
i'm ever lose $2000, now time to go grow up
  • #22
  • Aug 17, 2017 8:57am Aug 17, 2017 8:57am
Quoting LiarTrader
hi andoseg your post give me one side how to looking chart deep on a trend or reversal of trend.. thank brada
I'm glad you find these informations usefull
Money moves the market, not an indicator.
  • #23
  • Edited 3:02pm Aug 17, 2017 2:27pm | Edited 3:02pm
Quote
I'm glad you find these informations usefull

Dear andoseq2,

I am doing so well picking up Pips with your brilliant insights. I am on a GMT-5 platform and applying your methodology with great success. Thank you so much and hope you continue your thread going ! Personally, I do wait after "the ball hits the wall" as you mentioned with great results comparing the H4 and the H1 for entry using small trades with large SL i.e. TP=5 Pips and SL=300 Pips with multiple lots within my account budget to keep an adequate free margin of 150 Pips or more ! I would appreciate your feedback. Sincerely yours, John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #24
  • Aug 17, 2017 9:03pm Aug 17, 2017 9:03pm
Nice thread to the op.....

Pay no attention to that man called dkrock---- Hay dkrock --- Time is part of a MA equation!! !! -- You see all readers, that magic dkrock has magic MAs

it is so fitting that he responded to this thread..... to bad he will not tell us about his magic MAs ... Ohhh and he has, in the past -- stated that all his magic MAs are forward looking and not lagging..... sigh .... if we only had dkrocks magic MAs

I would put up the post but dkrock tends to erase many of his best posts.... rock on magic MA dkrock
Live today like theres no tomorrow-- Prioritize like you will die today
  • #25
  • Aug 17, 2017 9:18pm Aug 17, 2017 9:18pm
Quoting dkrock
This is a nice general overview of moving averages that is more designed for trend trading. I understand how you relate your moving averages to a 24-hour day, however, unless you are position trading, you would not use 24-hour equivalents. Intraday swing traders look at open markets, not the entire day, so their moving averages, in comparison, are more tuned for range trading, not what you are doing. Waiting for moving averages to cross each other shows a lack of understanding market equilibrium. Additionally, you are making up moving average values...
dkrock,

Could you please elaborate more on this:

"Waiting for moving averages to cross each other shows a lack of understanding market equilibrium."

Thanks
  • #26
  • Aug 17, 2017 10:55pm Aug 17, 2017 10:55pm
first pullback strategy, good one
  • #27
  • Aug 18, 2017 12:00am Aug 18, 2017 12:00am
OP, how long are you trading this strategy and whats your ROI? I don't expect positive answers frankly.
  • #28
  • Aug 18, 2017 12:32am Aug 18, 2017 12:32am
Moving Averages are just another level/indication, and there are many ways (i.e. methods/formulas) to determine a level/indication (e.g. S&R, round numbers, Fibonacci levels etc , etc) of where price has been. Some may also make the case that it can indicate where price is going a lot of the time - not sure I agree. Is there anything magical about a specific type of moving average. Short answer is no. Many traders try to use the moving averages that the industry use in the hope they can mirror that type of analysis and where they think the money is going. Nothing wrong with that if it works ... and that is the essence of any method ... if you can make it work for you, then use it.

I use one moving average as an indication of trend (H1 and above). There is nothing magical about it ... but it works for me as an indication of where we are at for a trending or ranging environment .... a line the sand essentially. Its a linear weighted 34 MA. When price breaks it up or down its usually a good indication of a trend change. Could I have used a 34 exponential MA - absolutely. Could I have used a 20 or 25 or 30 linear weighted MA - absolutely. But, a linear weighted 34 MA works for me.

ps I am not a Fibonacci buff, but the 34 is just in case he was correct
  • #29
  • Edited 1:45am Aug 18, 2017 1:20am | Edited 1:45am
The Big Boys (Money) move the market.....and from what I've seen, they DO pay attention to moving averages, especially the 200......so, Psychology does play a big part in the movement. The big boys control the Money and they control the masses, which try to follow the money, as they say. So, for what it's worth, it's not the TIME factor....it's the Psychology factor that moving averages are gauging. We tend to think in defined patterns, and the moving averages are just perimeters for gauging the patterns.....my 2 cents.

Below is an example of the "psychology" of movement.....I have a (red) RSI 14 showing a DOWNTREND...it's based on the 100 ma....so I only took sells today on the 4 hour: The yellow line is a 7 RSI but it's based on the 5 MA....Now, the indicators were just reaffirming the price movement. It worked as a gauge for my managing the trades.....I had a very happy day by the way, regardless
Attached Image (click to enlarge)
Click to Enlarge Name: FF.PNG Size: 32 KB
  • #30
  • Aug 18, 2017 1:42am Aug 18, 2017 1:42am
Following your work. Thanks and
Regards
  • #31
  • Aug 18, 2017 4:21am Aug 18, 2017 4:21am
Quoting DrForexMD
{quote} Dear andoseq2, I am doing so well picking up Pips with your brilliant insights. I am on a GMT-5 platform and applying your methodology with great success. Thank you so much and hope you continue your thread going ! Personally, I do wait after "the ball hits the wall" as you mentioned with great results comparing the H4 and the H1 for entry using small trades with large SL i.e. TP=5 Pips and SL=300 Pips with multiple lots within my account budget to keep an adequate free margin of 150 Pips or more ! I would appreciate your feedback. Sincerely...

John,
I am happy my informations presented here help many peoples like you. Regarding your trading style, 5pips TP and 150 pips SL I think you are wrong . Please don't take it personally, is just my opinion , but as long as your trading style grab pips is all what is count in final.
Money moves the market, not an indicator.
  • #32
  • Aug 18, 2017 4:38am Aug 18, 2017 4:38am
hi all

try to look this way....
inspired by andoseg...



Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 43 KB


good luck
i'm ever lose $2000, now time to go grow up
  • #33
  • Aug 18, 2017 4:52am Aug 18, 2017 4:52am
Quoting ghostman10
OP, how long are you trading this strategy and whats your ROI? I don't expect positive answers frankly.
Assume your risk, try the informations you found and make conclusions.
Money moves the market, not an indicator.
  • #34
  • Aug 18, 2017 5:17am Aug 18, 2017 5:17am
Quoting DrForexMD
{quote} Dear andoseq2, I am doing so well picking up Pips with your brilliant insights. I am on a GMT-5 platform and applying your methodology with great success. Thank you so much and hope you continue your thread going ! Personally, I do wait after "the ball hits the wall" as you mentioned with great results comparing the H4 and the H1 for entry using small trades with large SL i.e. TP=5 Pips and SL=300 Pips with multiple lots within my account budget to keep an adequate free margin of 150 Pips or more ! I would appreciate your feedback. Sincerely...
Hi mate. Is there a typo in your post? TP=5 and SL=300 pips? That equals either virtually no SL but you would exit at some point on a mental SL when your open trade starts to stink, or a suicidal plan: how many 5 pip trades would you need to recover just a single 300 pip loss?

On a brighter note, I see some interesting ideas shared on this thread by the OP and other posters
  • #35
  • Aug 18, 2017 5:23am Aug 18, 2017 5:23am
Quoting LiarTrader
try to look this way....
Hi,
Yep, simple and good way ...
jf
  • #36
  • Aug 18, 2017 5:27am Aug 18, 2017 5:27am
Quoting dkrock
This is a nice general overview of moving averages that is more designed for trend trading. I understand how you relate your moving averages to a 24-hour day, however, unless you are position trading, you would not use 24-hour equivalents. Intraday swing traders look at open markets, not the entire day, so their moving averages, in comparison, are more tuned for range trading, not what you are doing. Waiting for moving averages to cross each other shows a lack of understanding market equilibrium. Additionally, you are making up moving average values...
Thank your for your time to read my topic.

First, I think you missunderstand. I do not insist to use the moving averages cross signals, but to use the longer term (the single MA you need in fact) Moving average as a dinamic support/resistance.

I would like to remember that the way I present the informations here shall be correlated with Market Cycles
You can find more by googling "market cycles".

Trading based on market cycles mean going with the money flow, no matter the timeframe used.

I hope it is clear now .

Cheers!
Money moves the market, not an indicator.
  • #37
  • Aug 18, 2017 5:37am Aug 18, 2017 5:37am
Quoting LiarTrader
hi all try to look this way.... inspired by andoseg... {image} good luck

In my opinion,there is no need to use more that 1 moving average except the cases where you need 3 moving averages (short term, intermediate term and longer term) where the short and medium term MA will cross giving signal that the momentum
is slowing, giving you opportunity to take a risk-management decision (take a portion of profit, move stoploss in profit or
exit completely).

As a reminder, this method doesn't mean buy and sell all the time. Estabilish a trend, based on Market Cycles, then go only long in the Markup Phase and only short in the Decline phase, stay out in Accumulation and Distribution phases.
Money moves the market, not an indicator.
  • #38
  • Aug 18, 2017 7:27am Aug 18, 2017 7:27am
Quote
Hi mate. Is there a typo in your post? TP=5 and SL=300 pips? That equals either virtually no SL but you would exit at some point on a mental SL when your open trade starts to stink, or a suicidal plan: how many 5 pip trades would you need to recover just a single 300 pip loss?

My SL is definitely not a hard SL position. I would not use a SL at all if I could. But, if I do not place a SL with a small TP it seems that I get Stopped out early with a few pip loss or BE...I have a feeling that I may be able to place my SL beyond my TP. For now, I move my large 300 Pip SL position even further with adequate coverage as eventually the PA will return in a cycle pattern to hit my Target(s). I just have to figure out how to set up my trades correctly - obviously. I am still experimenting to avoid being stopped out...hopefully, not suicidal as I can only use The Edge or Leverage, but without any guarantees as per the Trading any market as per the great professional expert on psychology of market Mark Douglas - great free youtube videos. Also, to have more than one source of income so not to be suicidal and never trade more than you can afford to loose...in my case 300 Pips. But, if a PA is obviously reversing again my trade, then I do reverse my position when the time and location are best for me. Anyway, thanks all !
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #39
  • Aug 18, 2017 8:06am Aug 18, 2017 8:06am
I will test it myself and give positive review here if it works but why can't you answer for how long are you using it and how profitable? It would be logical thing to do since you are preaching here already.
  • #40
  • Aug 18, 2017 8:08am Aug 18, 2017 8:08am
Quoting ghostman10
I will test it myself and give positive review here if it works but why can't you answer for how long are you using it and how profitable? It would be logical thing to do since you are preaching here already.
Read below:
Quoting andoseg2
Based on this understanding, you can now start develop your own trading system. Of course there are others tricks to take in consideration but, without a strong foundation, every house will collapse at first flood. Hope you will find these informations usefull. (Read in the order of numbers) Regards {image} {image} {image} {image} {image} {image} {image} Recommended to understand the market cycles : Read about market cycles : http://www.investopedia.com/articles.../04/050504.asp https://www.benzinga.com/general/edu...-market-cycles...
Money moves the market, not an indicator.
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