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MA Crossover System that works for me

  • #321
  • Jan 17, 2023 10:36am Jan 17, 2023 10:36am
Thanks for the strategy, I love it
  • #322
  • Jan 17, 2023 10:46pm Jan 17, 2023 10:46pm
Hi.

If anyone here is using ProRealTime trading platform, there's an tool that draws box to pinpoint consolidation area. Makes life so much easier to trade breakout (in the direction of daily tf).

Below are some examples.

1) EurNzd - waiting for EMAs to cross on daily tf.

Attached Image (click to enlarge)
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2) GbpCad

H4
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D1
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Click to Enlarge Name: GBPCAD-Daily.jpg Size: 68 KB

All the best.
  • #323
  • Jan 17, 2023 11:06pm Jan 17, 2023 11:06pm
Very valuable content, thanks for sharing. I am new to FF. I just want to ask if there is a better way to handle this trading system if I encounter an oscillating market. As you know, with oscillating market, the averages will cross repeatedly, which is troublesome.
Just follow the trend.
  • #324
  • Jan 17, 2023 11:07pm Jan 17, 2023 11:07pm
Quoting AlistairC
The last few pages in this thread are a rich and exciting resource for all of us who are keen to learn and improve our ability to trade using two crossover MAs. Thank you to all who have contributed . All of the methods share similar features, basically variations on the same thing. I have tried to summarise them, perhaps too summarised and too simple to be very useful. You will still have to do your own reading. Identifying a trend Once the MAs have crossed over and a new trend seems to be forming, all of the methods have ways of confirming that...
Thank you Alistairc for this write-up. Hopefully, it helps those who wish try this EMAs crossed system. It isn't a holy grail system. Do you own due diligence before taking any trades.

All the best.
  • #325
  • Edited Jan 18, 2023 12:23am Jan 17, 2023 11:49pm | Edited Jan 18, 2023 12:23am
I entered this USDCAD trade today. Daily is down - EMAs crossed and price broke below the 100 EMA. With the HTF in strong bearish mood, that's most of the job done. On H4 we had a big break down just after the daily crossover (see pink arrow showing where the daily EMA cross took place), so it wasn't possible to trade on those very long candles. There was a short, second leg down, and now we have a third leg, which might or might not stumble at nearby support.

SL is just above a recent swing high, TP is at 120 pips, which is conveniently just above the tip of the daily swing low we discussed yesterday. Wish me luck (that's the most important part of a trader's toolbox!).
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  • #326
  • Edited 10:43pm Jan 18, 2023 12:18am | Edited 10:43pm
Quoting AlistairC
I entered this USDCAD trade today.
Wish me luck
Good luck!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDCADDaily.png Size: 15 KB
  • #327
  • Jan 18, 2023 12:22am Jan 18, 2023 12:22am
I saw the small consolidation area on H4 and recognised that as a small pullback and an opportunity to trade the breakout. The daily EMAs have crossed over but as the candle has not closed for the day yet, a crossover signal has not yet been painted. D1 is also above the 100 EMA.
Attached Image (click to enlarge)
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  • #328
  • Jan 18, 2023 12:56am Jan 18, 2023 12:56am
Quoting AlistairC
I entered this USDCAD trade today. Daily is down - EMAs crossed and price broke below the 100 EMA. With the HTF in strong bearish mood, that's most of the job done. On H4 we had a big break down just after the daily crossover (see pink arrow showing where the daily EMA cross took place), so it wasn't possible to trade on those very long candles. There was a short, second leg down, and now we have a third leg, which might or might not stumble at nearby support. SL is just above a recent swing high, TP is at 120 pips, which is conveniently just above...
Hi Alistair,
In my very limited knowledge and trying to learn your stratergy I notice this appears to have been trading in a range since Monday 9th from 13355 to around 13435. Just wondered if you were still confident in the market falling?
  • #329
  • Jan 18, 2023 1:13am Jan 18, 2023 1:13am
Quoting alanh59
{quote} Hi Alistair, In my very limited knowledge and trying to learn your stratergy I notice this appears to have been trading in a range since Monday 9th from 13355 to around 13435. Just wondered if you were still confident in the market falling?
You're right, alanh59, this is an area of consolidation, although I see it as more a sloping channel, not horizontal. Not that's there's an exact science behind where these lines get drawn. The lower channel boundary coincides with a support level from further left, so it might be wise (if the trade ever gets there) to place the TP at that confluence point. But as you can see, price has pulled back and I might have to wait a while for it to resume downward. I should probably have exercised more caution and not placed the trade in the first place. Thanks for your gentle rap over the knuckles!
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad h4.png Size: 21 KB
  • #330
  • Edited 1:37am Jan 18, 2023 1:25am | Edited 1:37am
Quoting AlistairC
{quote} sloping channel
In ranges - and a "sloping channel" is a range - moving averages often don't work (doesn't mean price can't break out of the channel, though).
If you take the old proverb: buy low, sell high seriously,
your "sloping channel" could have told you were to enter this particular trade. Just a maybe, really.
[see: Al Brooks book on trading ranges]
And the other side of the channel might have been your TP?
(What bothered me more was the fact that we haven't seen a new LL(-close) since 09-01-23.)
All the best
  • #331
  • Jan 18, 2023 4:27am Jan 18, 2023 4:27am
Quoting AlistairC
I saw the small consolidation area on H4 and recognised that as a small pullback and an opportunity to trade the breakout. The daily EMAs have crossed over but as the candle has not closed for the day yet, a crossover signal has not yet been painted. D1 is also above the 100 EMA. {image}{image}
Adjusted target of 100 pips met on this GBPCAD trade. That one went like clockwork, unlike the USDCAD one that can't get below local support.
  • #332
  • Jan 18, 2023 4:56am Jan 18, 2023 4:56am
Quoting lucaswalliam
Very valuable content, thanks for sharing. I am new to FF. I just want to ask if there is a better way to handle this trading system if I encounter an oscillating market. As you know, with oscillating market, the averages will cross repeatedly, which is troublesome.
No need to amend this system is absolute beauty and always keep in mind losses are part of the game
  • #333
  • Jan 18, 2023 5:24am Jan 18, 2023 5:24am
Long Gold

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  • #334
  • Jan 18, 2023 5:29am Jan 18, 2023 5:29am
Letting my GbpCad run

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Green pips to everyone..
  • #335
  • Jan 18, 2023 5:47am Jan 18, 2023 5:47am
The major currencies are extremely overbought & oversold. Hope reversals gonna happen soon.
  • #336
  • Jan 18, 2023 5:57am Jan 18, 2023 5:57am
Quoting lucaswalliam
Very valuable content, thanks for sharing. I am new to FF. I just want to ask if there is a better way to handle this trading system if I encounter an oscillating market. As you know, with oscillating market, the averages will cross repeatedly, which is troublesome.
An oscillating market will often lead to losses with this system. There are three suggestions I can make:

1. Go down to a lower time frame, then each leg of the oscillation is a big trend
2. Move your stoploss to breakeven early, so you will be stopped out quite often, but it will be soon, so no losses, and sometimes you will get lucky with a good trade.
3. Avoid trading in those market conditions, which is not always easy to identify until after those conditions have happened. That is why I use multiple MAs on my chart because they show more obviously when they are all converging. But I don't like the clutter, so I have set up a separate template for that.

I hope this helps, and can anyone else add to this?
  • #337
  • Jan 18, 2023 8:36am Jan 18, 2023 8:36am
Quoting AlistairC
I entered this USDCAD trade today. Daily is down - EMAs crossed and price broke below the 100 EMA. With the HTF in strong bearish mood, that's most of the job done. On H4 we had a big break down just after the daily crossover (see pink arrow showing where the daily EMA cross took place), so it wasn't possible to trade on those very long candles. There was a short, second leg down, and now we have a third leg, which might or might not stumble at nearby support. SL is just above a recent swing high, TP is at 120 pips, which is conveniently just above...
Hi Alister !
I am also in this trade. USD/CAD short. The news tricked us, it is runnning north, so I am in red ! I will cut my loss at 60 pips !
  • #338
  • Jan 19, 2023 7:17am Jan 19, 2023 7:17am
Quoting neilpryde
{quote} Hi Alister ! I am also in this trade. USD/CAD short. The news tricked us, it is runnning north, so I am in red ! I will cut my loss at 60 pips !
I stayed in it and did nothing until it was too late because I was convinced by looking at the bigger picture that it was on its way down, and it still looks that way. That's how it goes.
  • #339
  • Jan 19, 2023 10:43am Jan 19, 2023 10:43am
I placed this trade earlier today and it took its time to get going, but now it's looking promising. Once again I tried to trail my entry down the retracement without chasing price and being triggered too soon.

Attached Image (click to enlarge)
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  • #340
  • Jan 19, 2023 10:52am Jan 19, 2023 10:52am
In this case I got too close to the candles with my entry and was triggered too soon. I should have placed it out in open space below that consolidation area. There should be a breakout, but now I'm hoping for it instead of sitting back and waiting for it.
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