There is no Magic Moving Average - You need only one | Page 48 | Forex Factory

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There is no Magic Moving Average - You need only one

  • #941
  • Jun 30, 2021 12:44am Jun 30, 2021 12:44am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2021-06-30-08-26-42.png Size: 78 KB
Here is 4H/5M configuration with SMA 50 on 5m
  • #942
  • Jun 30, 2021 2:11am Jun 30, 2021 2:11am
Quoting sepramfx
{image}Here is 4H/5M configuration with SMA 50 on 5m
Hi Mr sepramfx,
based on your chart I translated as:

1) you found the market is in bearish condition at 4h TF
2) go to 5m TF find the Distribution Phase where price below SMA50 and place pending order at latest possible Decline Phase about to commence

Is my translation of your action is correct?

Tq in advance Sir.
  • #943
  • Jun 30, 2021 4:34am Jun 30, 2021 4:34am
Quoting zainalazli
{quote} Hi Mr sepramfx, based on your chart I translated as: 1) you found the market is in bearish condition at 4h TF 2) go to 5m TF find the Distribution Phase where price below SMA50 and place pending order at latest possible Decline Phase about to commence Is my translation of your action is correct? Tq in advance Sir.
Very correct!
  • #944
  • Jun 30, 2021 4:46am Jun 30, 2021 4:46am
Quoting sepramfx
{image}Here is 4H/5M configuration with SMA 50 on 5m
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2021-06-30-12-38-10.png Size: 87 KB
I lost the first entry. But I re-entered since I am on the General's Parth.
Trade is now at BE
  • #945
  • Jun 30, 2021 6:14am Jun 30, 2021 6:14am
You might want to take a look at gold 1H/5M configuration plus a 12SMA on 5M
Attached Image (click to enlarge)
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  • #946
  • Jun 30, 2021 9:08am Jun 30, 2021 9:08am
Quoting sepramfx
You might want to take a look at gold 1H/5M configuration plus a 12SMA on 5M{image}
thank u man. seriously i kinna like this technic but still in progress of sharpen it. i will mine soon and hope your comment on it. thank you.
  • #947
  • Jun 30, 2021 9:18am Jun 30, 2021 9:18am
This my pending order for EURGBP. TF H1 SMA24. Lets see hows the market go.
Attached Image (click to enlarge)
Click to Enlarge Name: 90745b13b56238e805af8ff32b32d342.png Size: 24 KB
  • #948
  • Jun 30, 2021 9:27am Jun 30, 2021 9:27am
Quoting zainalazli
{quote} thank u man. seriously i kinna like this technic but still in progress of sharpen it. i will mine soon and hope your comment on it. thank you.
*i wll post mine and looking comments from Mr CEO andoseg2 and Mr sepramfx. Cheeers
  • #949
  • Edited 11:53pm Jun 30, 2021 2:30pm | Edited 11:53pm
Quoting zainalazli
This my pending order for EURGBP. TF H1 SMA24. Lets see hows the market go. {image}
Job well done sir, I am with you on this.
  • #950
  • Jul 1, 2021 2:06am Jul 1, 2021 2:06am
Quoting zainalazli
This my pending order for EURGBP. TF H1 SMA24. Lets see hows the market go. {image}
EURGBP closed with hit the SL.
Attached Image (click to enlarge)
Click to Enlarge Name: 25ea3628be09915b710b4d8ce53aca68.png Size: 12 KB
  • #951
  • Jul 1, 2021 1:02pm Jul 1, 2021 1:02pm
Quoting zainalazli
Hi Mr Andoseg2, Thank you for exposed people in here about this technic. What i understood from previous pages, we need to determine what is the current market/price movements either bear or bull trend at hinger TF. Change to lower TF to find market cycle of ACCU/DIST and place pending order at BE (early or Mark Up / Mark Down). However, i still have problem to determine price action movement at higher TF. Based on last few pages, you mention about look at HH/HL or LH/LL. But I still confuse to get actual determination of market at high TF. If it...
Read again and again. Everything is explained here.
Money moves the market, not an indicator.
  • #952
  • Jul 1, 2021 1:54pm Jul 1, 2021 1:54pm
Quoting andoseg2
{quote} Read again and again. Everything is explained here.
Andoseg2

Could you please go into more detail about how you read market structure?

I know how you use the moving average and the higher time frame but the most important thing is structure i Have seen many of your charts posted and many times you dont even use a moving average.

The thing is that depending how you read market structure everything changes, I use to help me the zig zag indicator and just by changing the parameters you have different types of structure for example if you use the standard setting 12 you will have bigger swings and if you use 6 or a lower number than 12 you will see microstructure.

Maybe you dont look at swings that way and you look for fractals or just price pattern were the low on the previous bar is higher and on the next bar is also higher and you have a pivot to work from.

I dont know if you even use a set of parameters to define swings. Please let us know so everything is more clear or i can find a better way. At the end by what you say what is important is market structure

Thanks
Kind regards
  • #953
  • Jul 2, 2021 12:05am Jul 2, 2021 12:05am
Market Structure is based on the four phases.

Everytime there is a range spoted, it can be a CTT (correction through time), wich often is a continuation pattern, or
Distribution/Accumulation.

When Market is trending up, Markup Phase is present. When is trending down, Decline Phase is present.

When Markup Phase momentum wane, there will be one of the two situations:
1) CTT
2) Phase 3 Distribution

Both situations are similary with the only difference that on Distribution Phase sellers become aggresive with their supply. This is viewed as tentatives of downside breakout of most recents Higher Lows but failed, followed by small rallies upside with lack of momentum and fail again
to break in a sustained move above previous Higher Highs.
Finally, you know there was a Distribution only AFTER you see valid breakout with momentum downside. Anticipating the valid breakout is the key and one of the easiest ways is the technique with the Moving Averages.

On CTT, there are no tentatives of breakout downside only tentatives for breakout upside. CTT are great for scalpers wich are searching momentum "hit and run"

Moving Average is like the little tires from your bike wich help you until you learn maintain control.
Last you take away these little tires.
Attached Image (click to enlarge)
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Money moves the market, not an indicator.
  • #954
  • Jul 2, 2021 4:02am Jul 2, 2021 4:02am
Quoting Samer1970
{quote} hi the idea of the author is welcomed and i do hope it will pass and it will gain momentum to produce something positive called a system to use it for trading. yes there is a very positive side of this thread and i respect the author too much.... and i adore his idea.... therefore, i will step aside watching the progress of this thread, as you know, he is ranked 1% top and i thank him for his efforts, but when there is an idea - brilliant idea , it will shine as a star in dark night .... and you will see many traders will join and sharing...


Does this topic still exist? I would love to read it.
  • #955
  • Jul 2, 2021 10:44am Jul 2, 2021 10:44am
I use the 50 for everything I think it's so powerful. Then sometimes I use a 3/50 cross to give me a direction
  • #956
  • Jul 2, 2021 9:15pm Jul 2, 2021 9:15pm
Quoting andoseg2
Market Structure is based on the four phases. Everytime there is a range spoted, it can be a CTT (correction through time), wich often is a continuation pattern, or Distribution/Accumulation. When Market is trending up, Markup Phase is present. When is trending down, Decline Phase is present. When Markup Phase momentum wane, there will be one of the two situations: 1) CTT 2) Phase 3 Distribution Both situations are similary with the only difference that on Distribution Phase sellers become aggresive with their supply. This is viewed as tentatives...
Great explanations. tq Mr Sir
  • #957
  • Jul 3, 2021 1:49am Jul 3, 2021 1:49am
Attached Image (click to enlarge)
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.. for those who not got what said in past and do not believe moving average can help, i post my bitcoin example. Moving averages can help alot, if you not ready to read it without some help.
You can stay in game only if you go out of a bad trade as early you can and let a good trade run as far as it make sense after your picked system.

Sorry for all who want blame moving averages, learn to trade or ignore them.
Perfection is the enemy of good enough!
  • #958
  • Jul 3, 2021 5:36am Jul 3, 2021 5:36am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Gap filled as you can see. In M1 we have strong momentum, Price short touch the slow moving average, before explode to fill the gap.
Perfection is the enemy of good enough!
  • #959
  • Jul 3, 2021 10:47am Jul 3, 2021 10:47am
Attached Image (click to enlarge)
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Next gap filled with insane momentum.
Close if the fast moving average show decreasing speed.
Perfection is the enemy of good enough!
  • #960
  • Jul 3, 2021 10:58am Jul 3, 2021 10:58am
Attached Image (click to enlarge)
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.. think about!
Perfection is the enemy of good enough!
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