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MA Crossover System that works for me

  • #1,281
  • Oct 3, 2023 11:45am Oct 3, 2023 11:45am
Quoting AlistairC
{quote} In fact, I have started taking even shorter trades but with larger lot sizes recently. .
"Stopped out at B/E. Pity because it then went down far below my TP"

rather than larger lots .... multiple lots with entry at the same price... so you can book profit and also trail stoploss ? that is why i say two lots.... one target acheived...trail the second lot at BE...or second target

"Stopped out at B/E. Pity" no loss is much better than loosing capital ..
  • #1,282
  • Oct 3, 2023 12:19pm Oct 3, 2023 12:19pm
Quoting walvekarraje
{quote} "Stopped out at B/E. Pity" no loss is much better than loosing capital ..
Agree, there's always more where that one came from.
  • #1,283
  • Oct 3, 2023 1:04pm Oct 3, 2023 1:04pm
Quoting AlistairC
{quote} Today I got a 2MA crossover signal on CHFJPY that I accepted (I have been rejecting most of them). And it is paying off, quickly too. SL has been moved to B/E, TP is 60 pips. {image}
" i have been rejecting most of them"
why have you rejecting them ?
  • #1,284
  • Oct 4, 2023 1:03am Oct 4, 2023 1:03am
Quoting walvekarraje
{quote} " i have been rejecting most of them" why have you rejecting them ?
Because of the usual safety checklist issues - against the dominant trend, close to support/resistance, near the (possible) end of a long trend etc.
  • #1,285
  • Oct 4, 2023 1:38am Oct 4, 2023 1:38am
Quoting walvekarraje
this is how i plan to do it.... {image} i have shifted my SL to 8 ema now. i am using APB candles. will wait for apb candle to turn bullish (lime color) and then shift my trailing SL to the high of that candle.
Attached Image (click to enlarge)
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reentered the trade with 2 lots . m30 chart 8/21 crossoverand marubozu candle.... now trading with 3 lots. SL for all 3 lots at BE.
  • #1,286
  • Oct 4, 2023 2:06am Oct 4, 2023 2:06am
Attached Image (click to enlarge)
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trailing SL (all 3 lots) to high of apb bull candle (dotted red vertical line)........targets for new 2 lots in place.. trading in profit even if my trailing SL is hit..... no risk trade
  • #1,287
  • Oct 4, 2023 4:20pm Oct 4, 2023 4:20pm
Is this 8/21 EMA strategy similar to the Safety Trade System?
  • #1,288
  • Edited 4:36am Oct 5, 2023 12:52am | Edited 4:36am
Quoting inquistive
Is this 8/21 EMA strategy similar to the Safety Trade System?
I haven't heard of the Safety Trade System. The MA crossover method described in this thread is here for you to see - read the first post for a summary, although since then I have added the 100 EMA, but the approach is the same. Once you have read what we do here you could draw your own conclusion.
  • #1,289
  • Edited 3:25am Oct 5, 2023 2:45am | Edited 3:25am
I had no trades yesterday, and so far nothing today. This is the current list of currency pairs (of 26 charts I have) that are aligned / trending (3x3 method), and GBPCHF is going sideways - have a look at the weekly chart. It promises a big breakout, but I'm not interested in trading it now.

The important point about this is not to force trades against market behaviour. You're safer out than in when it's just not working.
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  • #1,290
  • Oct 5, 2023 5:24am Oct 5, 2023 5:24am
Quoting AlistairC
I had no trades yesterday, and so far nothing today. This is the current list of currency pairs (of 26 charts I have) that are aligned / trending (3x3 method), and GBPCHF is going sideways - have a look at the weekly chart. It promises a big breakout, but I'm not interested in trading it now. The important point about this is not to force trades against market behaviour. You're safer out than in when it's just not working. {image}
When the previous H4 period closed I received a new signal on AUDNZD. I would have liked to get in earlier in the trend but there have been two big pullbacks, so maybe it will settle back into a steady trend now. TP and SL are both 34 pips.
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  • #1,291
  • Oct 5, 2023 11:25am Oct 5, 2023 11:25am
Quoting AlistairC
{quote} When the previous H4 period closed I received a new signal on AUDNZD. I would have liked to get in earlier in the trend but there have been two big pullbacks, so maybe it will settle back into a steady trend now. TP and SL are both 34 pips. {image}
This trade moved very slowly during today and there were times I was tempted to close it while I still had some profit on the table, but I stayed patient (all 4 TFs from H1 to W1 are down) and now it has started moving quicker. Hopefully my patience will pay off.
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  • #1,292
  • Oct 5, 2023 3:20pm Oct 5, 2023 3:20pm
Helo Alistair
have you test the cross of ema 12LW and 21 Exponential?
  • #1,293
  • Oct 6, 2023 1:12am Oct 6, 2023 1:12am
Quoting Eod
Helo Alistair have you test the cross of ema 12LW and 21 Exponential?
Hi Eod, no I haven't. But here is what I said in my first post of this thread:

I use an 8/21 EMA strategy. There is nothing special about those two numbers. No magic. You could use Phillip's 10/21 EMAs or 10/25 or 6/15, or 12/35, whatever.


More important than which EMAs you use is to stick with the ones you have chosen and get to know their behaviour. You will gain nothing from hopping from one set of EMAs to another trying to get the best ones. There are no best ones.
  • #1,294
  • Oct 6, 2023 3:42am Oct 6, 2023 3:42am
Quoting AlistairC
{quote} This trade moved very slowly during today and there were times I was tempted to close it while I still had some profit on the table, but I stayed patient (all 4 TFs from H1 to W1 are down) and now it has started moving quicker. Hopefully my patience will pay off. {image}
Target reached with the first H4 candle of today. It spiked down and straight back up again to form a pinbar but just reached my TP before reversing.
  • #1,295
  • Edited 8:49am Oct 9, 2023 12:28am | Edited 8:49am
Placed this USDJPY trade today using 3x3 EA signal.

And it's not going well ... 35 pips into loss right now.
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  • #1,296
  • Oct 9, 2023 10:14am Oct 9, 2023 10:14am
Quoting AlistairC
Placed this USDJPY trade today using 3x3 EA signal. And it's not going well ... 35 pips into loss right now. {image}
Could it be that this trade does not match your rules? Considering this a 4h uptrend there was a pullback and you would place your order above the top of the last pullback candle, which imho would be at least 149,25 and preferable even a little higher? So, doing this, the trade would not have been triggered. Or am I wrong?
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  • #1,297
  • Oct 9, 2023 2:01pm Oct 9, 2023 2:01pm
Quoting Uru-trader
{quote} Could it be that this trade does not match your rules? Considering this a 4h uptrend there was a pullback and you would place your order above the top of the last pullback candle, which imho would be at least 149,25 and preferable even a little higher? So, doing this, the trade would not have been triggered. Or am I wrong? {image}
Yes, if I had placed the buy stop order just 5 pips or so higher it would not have been triggered. It's a difficult one. Place the stop order too far from the EMAs and there is inevitably a pullback first before it continues. Place it close to the EMAs and it can be triggered too soon. But in this case, with the recent crossover and all green bars leading up to my decision to buy, it looked right, and the 3x3 setup was in place, 3x4, actually, so there was little reason to be ultra-careful, not that I could see.

And looking at the daily, the current pullback is just a short red bar that has now reached the 21 EMA, nothing scary or remarkable there. As a precaution I have reduced my lot size a little, but for now I'm still expecting price to continue up before it reaches my SL. And if it doesn't it's just one of those things.
  • #1,298
  • Oct 11, 2023 3:19pm Oct 11, 2023 3:19pm
I am watching these 2 AUD pairs which both give a bearish crossing on the AUD. On the EUR/AUD pair all 3 EMA are close to each other which could be a good starting point for a longer trade, the AUD/CHF pair also has all 3 EMA close to each other and this pair tends to show longer trends in 1 direction, so also might be a decent starting point. I would just trade one of both, I would think the CHF one might be the better choice. Any take on this?
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  • #1,299
  • Oct 12, 2023 12:43am Oct 12, 2023 12:43am
Quoting Uru-trader
I am watching these 2 AUD pairs which both give a bearish crossing on the AUD. On the EUR/AUD pair all 3 EMA are close to each other which could be a good starting point for a longer trade, the AUD/CHF pair also has all 3 EMA close to each other and this pair tends to show longer trends in 1 direction, so also might be a decent starting point. I would just trade one of both, I would think the CHF one might be the better choice. Any take on this? {image} {image}
EURAUD and AUDCHF, would most likely move opposite to each other as AUD is a common factor. The OGT dashboard for each pair shows this, but neither has fully aligned yet. Once they have you still need to do a final assessment and safety check. I tend to agree with you that AUDCHF might be a better bet, but let what you see on the charts when the time is right guide you.
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  • #1,300
  • Oct 12, 2023 12:45am Oct 12, 2023 12:45am
My trade for today. So far this month has been a bit messy for me, but I am 1.3% up, so I can't complain.

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