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MA Crossover System that works for me

  • #641
  • Apr 19, 2023 3:18am Apr 19, 2023 3:18am
I entered this trade yesterday and almost cancelled it a few times. I'm happy I waited because, as often happens, a slow period / consolidation, is followed by a breakout. The S/L has now moved to B/E.

Also as often happens, an explosive move is followed by a correction, and I'm expecting that to happen soonish. I could close manually now for 130 pips and be happy with that, or wait until the bullish trend resumes and bank 210 pips.
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  • #642
  • Apr 19, 2023 4:26am Apr 19, 2023 4:26am
I have just entered this trade.
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  • #643
  • Apr 19, 2023 4:40am Apr 19, 2023 4:40am
Quoting AlistairC
Most léptem be ebbe a szakmába. {image} {image}
What positions are these?
  • #644
  • Apr 19, 2023 4:43am Apr 19, 2023 4:43am
Quoting pusztafie
{quote} What positions are these?
Forgive me, I don't understand your question
Bocsáss meg, nem értem a kérdésedet
  • #645
  • Apr 19, 2023 4:50am Apr 19, 2023 4:50am
Quoting AlistairC
{quote} Bocsáss meg, nem értem a kérdésedet Bocsáss meg, nem értem a kérdést
I don't see the name of the currency pair on the chart
  • #646
  • Apr 19, 2023 5:03am Apr 19, 2023 5:03am
Quoting pusztafie
{quote} I don't see the name of the currency pair on the chart
It is at the bottom. I left all the chart tabs visible. This one is NZDCAD (H4 and D1 respectively).
  • #647
  • Apr 19, 2023 5:08am Apr 19, 2023 5:08am
Quoting AlistairC
{quote} Alul van. A diagram összes lapját láthatóvá tettem. Ez az NZDCAD (H4 és D1).
Sorry, I didn't notice! I'm a little careless
  • #648
  • Apr 19, 2023 7:51am Apr 19, 2023 7:51am
Quoting AlistairC
Also as often happens, an explosive move is followed by a correction, and I'm expecting that to happen soonish. I could close manually now for 130 pips and be happy with that, or wait until the bullish trend resumes and bank 210 pips. {image} {image}
The correction happened as expected, just a bit too enthusiastically. I am hoping it will stop and reverse soon .
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  • #649
  • Apr 19, 2023 5:30pm Apr 19, 2023 5:30pm
Yes, really a ranging market this week ... I opened this trade on gold, it's not according to the MA crossover system, I thought it was an interesting pullback in a definite uptrend, otherwise no options for me to enter the market, I find the lower time frames a lot less reliable
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  • #650
  • Apr 20, 2023 10:26am Apr 20, 2023 10:26am
I placed an order on this pair today that looks interesting to me, let's see if the it gets triggered. It's on USD/CHF, the 100 MA is down (both on the 4h and D1 chart), we had a MA crossover down, right now there is a rebound, so I put the SELL order just underneath the green candle. I would take profit round the recent swing lows and take loss if it goes somewhat above the high of the current green candle. Not sure it will get triggered, but in my opinion it fits well the current MA crossover strategy. What do you think?
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  • #651
  • Apr 20, 2023 11:30am Apr 20, 2023 11:30am
Quoting Uru-trader
I placed an order on this pair today that looks interesting to me, let's see if the it gets triggered. It's on USD/CHF, the 100 MA is down (both on the 4h and D1 chart), we had a MA crossover down, right now there is a rebound, so I put the SELL order just underneath the green candle. I would take profit round the recent swing lows and take loss if it goes somewhat above the high of the current green candle. Not sure it will get triggered, but in my opinion it fits well the current MA crossover strategy. What do you think? {image}
The overall structure does suit the MA crossover method, so this trade should go your way.

There are some reasons why I have not taken this trade myself. The main one is that the downtrend on H4 is getting a bit "old" and there might be a refresh or even a reversal. Also, the ideal place to enter is as close as possible to the EMAs, but below consolidation if possible. So the better entry for you would have been at the level I have marked. But it's always clear after it has happened.

I suggest that you remove the grid on your charts to make it less cluttered and easier to see the important features.
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  • #652
  • Apr 20, 2023 11:34am Apr 20, 2023 11:34am
Indeed, the trend is older, but 'when' to decide that it might turn?? I had just adapted my trigger based upon the 1h chart just underneath the second green candle, so 10 pips higher, when I read your reply. Still not triggered, we'll see ...
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  • #653
  • Apr 20, 2023 12:54pm Apr 20, 2023 12:54pm
Quoting AlistairC
{quote}{quote} Hi josi As my aim with this thread is for us to develop expertise using naked MAs, I would prefer it if you remove those indicators when you next post, but use them at home, by all means! My problem (maybe not your problem, and that's ok) with indicators is that we start trusting them / being misled by them (take your pick!), which means we are no longer using our eyes and our mind to the same extent. I have been though this many times before - divert off my path to try greener pastures, get frustrated, and come back to where...
Just wanted to say I 1000% agree with the indicator statement. I have definitely found paralysis by analysis, and adding on indicators doesn't actually help in most cases.

Love the spirit of this thread and focusing on just 2 ema's and that cross over setup. It's definitely something I have seen so many times, but never thought I guess because how simple it truly is, it could work consistently- so cheers for showing it can and does work.

I will be definitely practicing this and working on getting the entry down.

Thanks for all you've done!
  • #654
  • Apr 20, 2023 3:42pm Apr 20, 2023 3:42pm
Quoting Uru-trader
Indeed, the trend is older, but 'when' to decide that it might turn?? I had just adapted my trigger based upon the 1h chart just underneath the second green candle, so 10 pips higher, when I read your reply. Still not triggered, we'll see ... {image}
Trade has now been triggered, wait and see ...
  • #655
  • Apr 20, 2023 6:01pm Apr 20, 2023 6:01pm
I have 4 pending orders, but they all look basically like this...I have the right idea eh'? Info line/Arrow is entry point
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  • #656
  • Apr 20, 2023 11:35pm Apr 20, 2023 11:35pm
This triggered, went into profit and had zero drawdown. I really enjoy trading like this:
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  • #657
  • Edited 2:03am Apr 21, 2023 1:23am | Edited 2:03am
Quoting Walddo
I have 4 pending orders, but they all look basically like this...I have the right idea eh'? Info line/Arrow is entry point {image}
In this case you have entered against the dominant trend. So what looks like a new bearish trend on H4 is just a short pullback on the daily and now it looks as if it might be resuming its upward move after bouncing off the daily 21 EMA. Nevertheless, price is now close to a long-term resistance level, so going short might still eventually work out.
  • #658
  • Apr 21, 2023 7:35am Apr 21, 2023 7:35am
Quoting AlistairC
{quote} In this case you have entered against the dominant trend. So what looks like a new bearish trend on H4 is just a short pullback on the daily and now it looks as if it might be resuming its upward move after bouncing off the daily 21 EMA. Nevertheless, price is now close to a long-term resistance level, so going short might still eventually work out.
True - really bad example to ask on.
Here is a trade I am in now - daily is bullish as well:
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  • #659
  • Apr 21, 2023 7:37am Apr 21, 2023 7:37am
Just posting this for any critique - I believe this is good to go though, posting 4h and daily chart for reference.
$USDCHF trade I am in on 5%ers challenge:
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  • #660
  • Edited 7:54am Apr 21, 2023 7:44am | Edited 7:54am
Quoting Walddo
This triggered, went into profit and had zero drawdown. I really enjoy trading like this:{image}
Forgive me for possibly seeming critical, my intention is sincerely to assist traders to avoid making mistakes. See the safety checklist I have quoted in the next post. I have identified this trade as a potential for next week but I'm waiting for a pullback closer to the EMAs before entering. And I might not go for it at all - it is up against resistance and I would be surprised if it goes higher any time soon. I have posted the H4 and monthly charts here - the resistance level is the same line on both.
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