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There is no Magic Moving Average - You need only one

  • #81
  • Aug 19, 2017 2:12pm Aug 19, 2017 2:12pm
Hello, im sorry to post here but i could not stop myself from posting this result of EA trading, started the account with 5250$ on 25.5.2017 and final result as on 18.8.2017 is 90000$ in profit. withdrawal of 69000$ also attaching the report of trading.
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  • #82
  • Aug 19, 2017 9:21pm Aug 19, 2017 9:21pm
Quoting Samer1970
{quote} i respect that but i will not invent the wheel while someone already had invented it, so i will not use my brain to create new ideas about the same wheel, it is already there,,, just search the internet for the same idea and you will find many brains had shown the same idea ... but in different titles and different languages such as korean, japanses, russion, finish, urdu , hindi , arabic , and merely some what in dutch. and english of course ... i found so many articles about so many useful indicators in these languages and you need just...
In this case you are looking for an indicator that does not exist.
  • #83
  • Aug 20, 2017 1:12am Aug 20, 2017 1:12am
Quoting LookinGood
{quote} How can one decide what market cycle the Eur/Usd is in without also taking a look at all other Currencies or at least those currencies known to have a greater pull?
If by "cycle", you mean is the trend up, down or sideways, my answer to that is that you cannot determine that by looking at only one pair in isolation.

For myself, I chart each currency against the 7 others out of the major & minor pairs to visualize the strength of that currency.

What I look for is similar movement against all the other currency mainly the weekly chart will show this.

For example, the CAD is strong, yes it had a few week retracement but the cycle down has resumed.

The pairs with CAD on the right are down, the pairs with CAD on the left are going up.

Your thoughts? Cheers

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It takes a lot for me to IGNORE you, but you can try.
  • #84
  • Aug 20, 2017 2:19am Aug 20, 2017 2:19am
Quoting wellwisher33
Hello, im sorry to post here but i could not stop myself from posting this result of EA trading, started the account with 5250$ on 25.5.2017 and final result as on 18.8.2017 is 90000$ in profit. withdrawal of 69000$ also attaching the report of trading. {image} {image} {image} {image} {image}
HI. Nice results. Could you share the name of your broker please? I don't know that simbol on the top left corner. I have noticed you don't pay commissions. Does that mean you're not using an ECN account? Thank you.

EDIT: Oops, I just noticed after posting that wellwisher is temporarily suspended. I don't know what that means but probably something to do with the fact that he posted that same message on 4 threads...
  • #85
  • Aug 20, 2017 2:34am Aug 20, 2017 2:34am
Quoting LookinGood
{quote} I'm telling you that the premise of market cycles in FX is flawed.. This is one theory that i've never seen people successfully use real time in FX.
That is your opinion. I am not here to post informations just to make impressions, I post here informations (some of them)
wich I consider worth to learn. I repeat for the third time on this thread, nobody will find ever a holy grail in trading books. Never. It's like one would sell his 2-5-15 years of intensive study for ... 70$ . Isn't that ridiculous ?
Books are giving you indications . It's like you hear for the first time in your life about "banana" but you will never know what that mean if you don't eat a banana. You need eat a banana to have a complete knowledge about that definition.
Similary, you need study and develop your own filters , your own trading conditions where and when trading theories work and where and when not. You need develop your own strategy!
Forget about holy grails in public. There are tons of trading systems in public , you see that all crashed over time.
Stop having such expectations. Why do you think there are trading courses worth of 1-2-3-4-10.000$ ? Why people
follow such courses instead joining Forex Factory to chose a trading system for free ? Cmon, I strongly believe you aren't naive.


Quoting LookinGood
It would be best that others don't follow down that path. I understand that you started this thread and have an interest in defending your ideas. I'm not here to bash you. Just looking for a proper real time execution of this idea of a market cycle. Labels and all.
Keep your advices for you . I think it is more honest to say "This theory didn't worked for me" instead of telling others
to believe you.
Mabe if you read again the examples I posted you will find something wich you did not counted the time when you were studying this theory. In fact, I am confident you will find something interesting but you are "blind" and can't see because you are demoralised.
Money moves the market, not an indicator.
  • #86
  • Aug 20, 2017 3:08am Aug 20, 2017 3:08am
Quoting LookinGood
Hey guys, I have a question about this whole idea of accumulation, markup, distribution, mark down specifically in Forex. So if i buy the Eur/Usd that means i'm Accumulating Euros and Distributing US Dollars simultaneously. If price ranges you call it Accumulation if the last trend was down (Mark-Down) or Distribution if the last trend was up (Mark-Up). So if i buy the Eur/Usd that means i'm Marking Up Euros and Marking Down US Dollars simultaneously. So i guess in this case you'd have to know what state of the Market Cycle the Euro is in and what...
Your guessing is wrong. Stop with this aberation , please. When you trade EUR/USD you focus on EUR. And that is all what shall count for your analysis. Forget about currency strenght each against others.

Market Cycles is about Money Flow. Why on the Earth you refuse to learn ? You will find out of google tons of informations
about that. Nobody will resume for you on ForexFactory "look man, this is how you need to do, when these conditions are met then buy because there is accumulation, when these conditions are met then sell because there is distribution".

You will NEVER become rich$ over night. And having such expectation from Forex Factory users, is a terrible desilussion.

You have to WORK HARD on your own. Understand it !
Money moves the market, not an indicator.
  • #87
  • Aug 20, 2017 2:05pm Aug 20, 2017 2:05pm
Quoting LookinGood
{quote} You've misunderstood me. I don't want to learn from you. I want you to defend your use of market cycles by using next weeks prices. If you are going to present an idea as true, you should also present evidence when questioned. I'm telling you that the premise of market cycles in FX is flawed. I've stated it quite clearly and you would see this if you read my posts. I already stated i read the book a long time ago and tested the theory. It came up 50/50. Been trading consistently for a while and testing theories as they come up. This is one...
I use market cycles as a cornerstone of my trading and find it very vital to understand. It keeps me out of iffy trades and saves a large amount of analysis time.

You must be able to see the cycles on different time frames to really see what is happening. And if you can see volume levels that helps....even if they are just relative to your particular exchange...and Androseg is an expert trader so I would take what he says seriously...
  • #88
  • Aug 20, 2017 2:38pm Aug 20, 2017 2:38pm
Bonsoir,
There is no Magic Moving Average
May be only two. See under please

Return to fundamentals :
https://www.dailyfx.com/forex/educat..._in_Forex.html

I have never seen and read anything so effective

belle soirée, cheers
jf
  • #89
  • Aug 20, 2017 7:02pm Aug 20, 2017 7:02pm
Quoting andoseg2
I wonder if somebody ask himself why EMA 12, 26, 55 are used for trading systems Here the answer . EMA12 mean the price over 12 minutes . That is approximatively 15 minutes. What mean that? it mean that in 1m, the EMA12 (15) represent each candle bar of 15 min. The same apply to EMA26 (wich is app. 30m ) and EMA55 (wich is app. 60m). So in reality, you are viewing a bar of 15m, one of 30m and one of 60m. Did you heard that Moving averages represent the sentiment of traders...
Very good, congrats and thank you for share your knowledge.
Together we can be strongest
Vantage Return This Month: na
  • #90
  • Aug 20, 2017 9:38pm Aug 20, 2017 9:38pm
Quoting andoseg2
{quote} Your guessing is wrong. Stop with this aberation , please. When you trade EUR/USD you focus on EUR. And that is all what shall count for your analysis. Forget about currency strenght each against others. Market Cycles is about Money Flow. Why on the Earth you refuse to learn ? You will find out of google tons of informations about that. Nobody will resume for you on ForexFactory "look man, this is how you need to do, when these conditions are met then buy because there is accumulation, when these conditions are met then sell because there...
Who said anything about getting rich overnight or holy grail? I know its popular to down play the idea of a holy grail but really, was that an attempt to make me mad or something? lol

I don't feel threatened by you calling me a "demoralized trader."
I guess you assumed that because i don't have a red dot next to my name or because i didn't come out and say "HEY, I TRADE PROFITABLY FOR MORE THAN 6 YEARS!" that i'm not that good of a trader and have a lack of information. Or maybe its because i posted on this forum?

Please make no assumptions here. I've not made any assumptions of you and what you're cable of. I've not jumped to any conclusions about your ability to trade. I know you feel challenged but lets be mature here and just answer the question.

The market cycle that you posted pictures of and can be googled and is not useful for live trading FX when doing an analysis of a single FX pair to determine that cycle. This is a conclusion that i've come to after learning it many many years ago. I've never witnessed a single individual use it successfully to create mid to long term profits. It looks great when looking at historical prices, but live its useless.

I'm not asking for your understanding to learn from you. I'm asking for you to show that you can speculate profitably with it and identify how you are using it before it becomes a historical chart.

Market cycles are a historical attempt to forecast if price will go up, down, or stay the same in aggregate over a large time frame. The only analysis that counts is live and not historical. Once someone attempts this live analysis, they will soon come to the conclusion that a simple coin flip is an equal or better predictor than the analysis.

I'm not trolling here. This is a real question. If you don't want to answer it say "i don't want to answer your question." I'll leave it at that.
  • #91
  • Aug 21, 2017 1:23am Aug 21, 2017 1:23am
I can't believe it. A simple MA thread drew so much criticisms and we are talking about posts from red tagger.

To me, it's funny how all these people think they must correct someone. As if they are the gurus or saviour of the world. It's simple. If you don't agree of something or dislike something, just move away.

You don't go into someone house (in this situation someone's thread) and tell the husband (OP here) that he must get a divorce with the wife (his system/theory) just because her boobs are fake (ie. flawed theory).

That's rude, uncivilized and uncalled for.

You guys need to start understanding that what ISN'T WORKING for you DOES NOT MEAN THAT IT'S NOT WORKING FOR OTHERS.

Just because you cant court a chick doesn't mean I can't score one.

Get a life.
  • #92
  • Aug 21, 2017 6:56am Aug 21, 2017 6:56am
Quoting FxLapozi
I can't believe it. A simple MA thread drew so much criticisms and we are talking about posts from red tagger. To me, it's funny how all these people think they must correct someone. As if they are the gurus or saviour of the world. It's simple. If you don't agree of something or dislike something, just move away. You don't go into someone house (in this situation someone's thread) and tell the husband (OP here) that he must get a divorce with the wife (his system/theory) just because her boobs are fake (ie. flawed theory). That's rude, uncivilized...
I cant agree more. This thread is so far very informative for me.
Andoseg, do you use specific MA settings in different time frame? I read your early posts but Im confuse. Sometimes you use 30SMA in 4hr some times in 5 min chart.
  • #93
  • Aug 21, 2017 8:07am Aug 21, 2017 8:07am
Quoting FxLapozi
I can't believe it. A simple MA thread drew so much criticisms and we are talking about posts from red tagger. To me, it's funny how all these people think they must correct someone. As if they are the gurus or saviour of the world. It's simple. If you don't agree of something or dislike something, just move away. You don't go into someone house (in this situation someone's thread) and tell the husband (OP here) that he must get a divorce with the wife (his system/theory) just because her boobs are fake (ie. flawed theory). That's rude, uncivilized...
I get it now. You guys think i'm saying that his set of rules don't work.

For one, this is a public forum. FF is the owner and they make all the money here. This is not a home, and this system is not his wife. I don't think he'd be willing to share his wife with strangers.

I am not calling into question wether or not his system works. Moving averages could work, who am i to say it doesn't when he hasn't fully proposed his idea? I'm talking directly about the idea of a market cycle. All of my posts have been directed towards "Market Cycle".

I can guarantee that even though he's mentioned market cycle, that it will have no effect on ones ability to create a net positive trade sequence. It would be better to eliminate that portion and for a person to concentrate on his use of his other tools if you want to learn what he's proposed.

I don't understand why people get so defensive when someone voices an opposite opinion. If you read my posts, you'll see all i did is question 1 aspect of what he's said and every time someone responds, the response is never to my question. It's normally about my inability to learn or that i'm just wrong.

I'm not a hater people. It was a real question that has a real answer. But lets forget about it. Between me and the others that posted before, we've derailed this thread. For that i apologize.

I won't push for an answer.
  • #94
  • Aug 21, 2017 9:28am Aug 21, 2017 9:28am
Quoting LookinGood
{quote} I get it now. You guys think i'm saying that his set of rules don't work. For one, this is a public forum. FF is the owner and they make all the money here. This is not a home, and this system is not his wife. I don't think he'd be willing to share his wife with strangers. I am not calling into question wether or not his system works. Moving averages could work, who am i to say it doesn't when he hasn't fully proposed his idea? I'm talking directly about the idea of a market cycle. All of my posts have been directed towards "Market Cycle". I can guarantee that even though he's mentioned market cycle, that it will have no effect on ones ability to create a net positive trade sequence. It would be better to eliminate that portion and for a person to concentrate on his use of his other tools if you want to learn what he's proposed. I don't understand why people get so defensive when someone voices an opposite opinion. If you read my posts, you'll see all i did is question 1 aspect of what he's said and every time someone responds, the response is never to my question. It's normally about my inability to learn or that i'm just wrong. I'm not a hater people. It was a real question that has a real answer. But lets forget about it. Between me and the others that posted before, we've derailed this thread. For that i apologize. I won't push for an answer.
Was pointing to someone with red tag, not you. Read carefully....*sigh*
  • #95
  • Edited 10:20am Aug 21, 2017 10:02am | Edited 10:20am
Quoting FxLapozi
{quote} Was pointing to someone with red tag, not you. Read carefully....*sigh*

"A simple MA thread drew so much criticisms and we are talking about posts from red tagger."

Ando is a red tagger. Looks like your wondering why a red tagger can get so much criticism.

If read like it that then its easy to see how rest of your post may apply to me as well since the OP has directly quoted me and stated something similar.

Go figure.
  • #96
  • Aug 21, 2017 10:22am Aug 21, 2017 10:22am
Quoting LookinGood
{quote} I get it now. You guys think i'm saying that his set of rules don't work. For one, this is a public forum. FF is the owner and they make all the money here. This is not a home, and this system is not his wife. I don't think he'd be willing to share his wife with strangers. I am not calling into question wether or not his system works. Moving averages could work, who am i to say it doesn't when he hasn't fully proposed his idea? I'm talking directly about the idea of a market cycle. All of my posts have been directed towards "Market Cycle"....
Well I can guarantee that using market cycles is an invaluable analysis tool for me and is the basis of my positive yielding trading system so there you go! Funny markets, funny world!
  • #97
  • Aug 21, 2017 10:34am Aug 21, 2017 10:34am
Quoting LookinGood
{quote} Who said anything about getting rich overnight or holy grail? I know its popular to down play the idea of a holy grail but really, was that an attempt to make me mad or something? lol I don't feel threatened by you calling me a "demoralized trader." I guess you assumed that because i don't have a red dot next to my name or because i didn't come out and say "HEY, I TRADE PROFITABLY FOR MORE THAN 6 YEARS!" that i'm not that good of a trader and have a lack of information. Or maybe its because i posted on this forum? Please make no assumptions...
I don't knlw what you mean by mid to long term- I use market cycles on shorter term trades- that I will state- 5 minute cycles with direction confirmed by 4 hour cycles...
  • #98
  • Aug 21, 2017 10:51am Aug 21, 2017 10:51am
Quoting bidie
{quote} I don't knlw what you mean by mid to long term- I use market cycles on shorter term trades- that I will state- 5 minute cycles with direction confirmed by 4 hour cycles...
I'm talking about how long the strategy has been implemented. Less than a year being short-term. Not how long the trades have been on. I can see how i wasn't clear on that point.
  • #99
  • Aug 21, 2017 12:27pm Aug 21, 2017 12:27pm
Quoting mario777
{quote} Andoseg, do you use specific MA settings in different time frame? I read your early posts but Im confuse. Sometimes you use 30SMA in 4hr some times in 5 min chart.

Indeed . I don't have a static moving average. 30 SMA on 4h timeframe mean trading activity for 1 week or 5 days, because 1 day have 6x4h so 5day(1week) mean 5x6=>30 SMA . For trading activity on Daily timeframe, you can use 24MA on 1h or 48MA on 30m (48MA is almost same with 50MA) or 96MA on 15m (96MA is almost same with 100MA).

The value of Moving average , in my opinion, should be adapted to the time period you are looking for (eg , to display trading activity of each bar of 30m, you can use MA10 on 3m timefame, or MA15 on 2m timeframe or MA30 on 1m Timeframe.)

Why one shall use such MA settings ? Just an example :

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Money moves the market, not an indicator.
  • #100
  • Aug 21, 2017 12:33pm Aug 21, 2017 12:33pm
Quoting LookinGood
{quote} I'm talking directly about the idea of a market cycle. All of my posts have been directed towards "Market Cycle". I can guarantee that even though he's mentioned market cycle, that it will have no effect on ones ability to create a net positive trade sequence..
You must understand that identifying wich market cycle is actually doesn't mean to buy/sell blindly. It mean it aid you to make an idea of what could happen and where you are. The decision to sell or buy shall be based only on supply and demand (swings) corelated with traders sentiment (slope of moving average) .
You also must understand that without a strong risk management strategy, you will get in trouble with every sistem. A trade shall be aggresively managed meaning if you have a target of 1x reward, by aggresively managing the trade on lower timeframes you will reduce the inital risk, from 100% to 60-50-40-30% . And that mean , in finally, if the price turn against you before hiting your TP , you will lose 30% instead of 100% of your risk (0.3% instead of 1% of your balance wich you risked initially). Over time this will count because in reality is like you;d traded with a 1:3 risk reward . Think about that.
Money moves the market, not an indicator.
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