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MA Crossover System that works for me

  • #681
  • Apr 25, 2023 8:21am Apr 25, 2023 8:21am
I have been aware that this NZDUSD pair has been looking messy on the daily and have been waiting for it to move out of that area, which it seems to be doing. I placed the trade using that big pullback on H4.

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  • #682
  • Apr 25, 2023 10:19am Apr 25, 2023 10:19am
Quoting AlistairC
{quote} On yesterday's GBPUSD trade the SL was moved to B/E at 50 pips and that's where it got stopped out. Nothing gained, nothing lost. Today (USDCAD): I was aware of the consolidation area marked in blue and placed a buy stop order just above it. {image}
Nice trade, do you consider this fits in your MA crossover strategy? The uptrend has been going on for quite a while, I have also been watching this but I did not see the opportunity. What makes you decide to step in?
  • #683
  • Apr 25, 2023 11:11am Apr 25, 2023 11:11am
Quoting Uru-trader
{quote} Nice trade, do you consider this fits in your MA crossover strategy? The uptrend has been going on for quite a while, I have also been watching this but I did not see the opportunity. What makes you decide to step in?
That must be the recent USDCAD trade (I am still in it). It does fit in with the crossover strategy, but you may have noticed I now use the 100 EMA too. I am experimenting with that at the moment (which means it might change and it is not necessarily the "correct" way to trade). In post #637 I said this:

Quoting AlistairC
I find the 100 EMA very helpful for being sure about the trend. I prefer to wait until everything (i.e. price bars and the 8 and 21 EMAs) has moved to one side of the 100 EMA or the other.
And in this trade that's what I did - waited for everything to cross above the 100 EMA. The other thing I promote often is to try to trade out of consolidations, which often gives a quick or explosive move, which is also what I did here (see chart below). I notice the SL has been moved to B/E, so now it's a free trade.

So to give a direct answer to your question about the uptrend that has been going on for a while, on H4 it meant waiting until everything had crossed above the 100 EMA and then waiting for the consolidation to break, which meant that this was just about the first opportunity to enter.

Hope this is helpful!
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  • #684
  • Apr 26, 2023 8:29am Apr 26, 2023 8:29am
Hello,

Long UsdCad yesterday.

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  • #685
  • Apr 26, 2023 8:30am Apr 26, 2023 8:30am
Bought gold today.

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  • #686
  • Apr 26, 2023 8:31am Apr 26, 2023 8:31am
I'm currently watching these pairs.

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  • #687
  • Apr 26, 2023 8:42am Apr 26, 2023 8:42am
Another nice setup this week. Possibly UJ short.

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  • #688
  • Apr 26, 2023 8:47am Apr 26, 2023 8:47am
Quoting yanah12
I'm currently watching these pairs. {image}
Hi yanah , Long according to the rules? Or potential shorts next few days after MA crosses down?
  • #689
  • Apr 26, 2023 9:38am Apr 26, 2023 9:38am
Quoting yieldplay
{quote} Hi yanah , Long according to the rules? Or potential shorts next few days after MA crosses down?
Possibly short them within the next few days or next week. Or they could be potential continuation trades.
  • #690
  • Apr 26, 2023 9:46am Apr 26, 2023 9:46am
Quoting yanah12
{quote} Possibly short them within the next few days or next week. Or they could be potential continuation trades.
Got you, thank you very much.
  • #691
  • Apr 26, 2023 12:46pm Apr 26, 2023 12:46pm
Quoting yieldplay
{quote} Hi yanah , Long according to the rules? Or potential shorts next few days after MA crosses down?
This pair is neither up nor down at the moment according to the way I am currently trading with 100 EMA included, which is more-or-less what yanah12 is saying too - either or.
Quoting yanah12
{quote} Possibly short them within the next few days or next week. Or they could be potential continuation trades.
On H4 I have the 8 and 21 EMAs crossed down, but nothing has gone below the 100 EMA yet, so I'm on the fence on H4. D1 has all three EMAs very close, and in the last few weeks we have had a lower high and a higher low- also on the fence. So we have to wait until price structure shows us what to do. Either or.
  • #692
  • Apr 26, 2023 1:07pm Apr 26, 2023 1:07pm
Quoting AlistairC
{quote} On yesterday's GBPUSD trade the SL was moved to B/E at 50 pips and that's where it got stopped out. Nothing gained, nothing lost. Today (USDCAD): I was aware of the consolidation area marked in blue and placed a buy stop order just above it. {image}
This trade went into consolidation and that's what I have been enduring since last night. Consolidation - something to be avoided and something to be embraced! Hopefully it's on the way up again.
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  • #693
  • Apr 26, 2023 6:05pm Apr 26, 2023 6:05pm
Did 1.5% yesterday thanks to your system @AlistairC - much appreciated sir.

Cheers.
  • #694
  • Apr 26, 2023 10:25pm Apr 26, 2023 10:25pm
Quoting AlistairC
{quote} This pair is neither up nor down at the moment according to the way I am currently trading with 100 EMA included, which is more-or-less what yanah12 is saying too - either or. {quote} On H4 I have the 8 and 21 EMAs crossed down, but nothing has gone below the 100 EMA yet, so I'm on the fence on H4. D1 has all three EMAs very close, and in the last few weeks we have had a lower high and a higher low- also on the fence. So we have to wait until price structure shows us what to do. Either or.

Thank you, that's very helpful.
Question, how would you guys treat inside bars?
EJ for instance on daily inside bar yesterday, closed green.

4H shows retracement to MAs and MAs are all above 100 (4H & Daily)
  • #695
  • Edited 4:57am Apr 27, 2023 3:37am | Edited 4:57am
Quoting yieldplay
{quote} Thank you, that's very helpful. Question, how would you guys treat inside bars? EJ for instance on daily inside bar yesterday, closed green. 4H shows retracement to MAs and MAs are all above 100 (4H & Daily)
An inside bar pattern shows indecision. I like to call it a mini-consolidation. So if you treat it like any consolidation by trying not to get caught up in it but sitting waiting for a breakout in the direction of the dominant trend you won't go far wrong.
  • #696
  • Apr 27, 2023 4:59am Apr 27, 2023 4:59am
Quoting Walddo
Did 1.5% yesterday thanks to your system @AlistairC - much appreciated sir. Cheers.
Well done! I did well yesterday too. I think it's as much to do with conditions suiting this method as anything to do with how clever we are. The problem is, though, that after a good day we feel strong and powerful and so the next day is a dangerous one. Stick to the method and be cautious.
  • #697
  • Apr 27, 2023 7:48am Apr 27, 2023 7:48am
Quoting yanah12
Bought gold today. {image}
It seems to me this trade has been stopped out? Can you elaborate on what made you decide to start the trade and what was the mistake?
  • #698
  • Apr 27, 2023 8:04am Apr 27, 2023 8:04am
Quoting Uru-trader
{quote} It seems to me this trade has been stopped out? Can you elaborate on what made you decide to start the trade and what was the mistake?
Stop should have been below 1974 according to Yanah's screenshot, so should still be in running.

My 2c, even if trade stops out, won't call it a mistake by any means, this method has good probability, but markets are random, can't expect each and every trade to win.
Hindsight now after trade entry gold has continued to chop around, but it was a valid trade to take in my opinion of how i understand Yanah takes trades.
  • #699
  • Apr 27, 2023 9:26am Apr 27, 2023 9:26am
Quoting yieldplay
{quote} Stop should have been below 1974 according to Yanah's screenshot, so should still be in running. My 2c, even if trade stops out, won't call it a mistake by any means, this method has good probability, but markets are random, can't expect each and every trade to win. Hindsight now after trade entry gold has continued to chop around, but it was a valid trade to take in my opinion of how i understand Yanah takes trades.
I opened this trade on gold this morning, to me it looks like it is trading in a range + fundamentals are strong for rising prices (4h graphic)
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  • #700
  • Apr 27, 2023 9:49am Apr 27, 2023 9:49am
Quoting AlistairC
{quote} Well done! I did well yesterday too. I think it's as much to do with conditions suiting this method as anything to do with how clever we are. The problem is, though, that after a good day we feel strong and powerful and so the next day is a dangerous one. Stick to the method and be cautious.
For sure man. Been trading for 5 years so I've had many of these GREAT feeling days just to take some losses - actually just happened. But I know to keep it on the bigger picture view of what the overall result is.

I've just been fighting myself with what "system" or "method" to use and you and your system really helped me crystalize what I want to do technical analysis wise.

I've literally gone through the whole gamut of SMC/ICT, learning all of the theory...NNFX devising algos with the most obscure indicators possible because if its unknown it has an edge (or so I thought), and many indicator setups off youtube and etc.

Realizing all you need is a moving average cross and the patience for it, is kind of mind blowing how simple it is, yet effective.

So I'll stick to these 3 moving averages (using 55 for confirmation), and it all boils back to the most basic TA which I learned so many years ago...a moving average cross.

Thanks again.
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