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  • #241
  • Dec 6, 2006 7:29pm Dec 6, 2006 7:29pm
Quoting johnedoe
OK the question still remains unaswered regarding the MA.........

So what is it a 5MA as originaly posted.
or a 50 MA as later posted,
or a triple 50 MA using open, median, and close.

the RSI still seems to be intact though.
Hi,

I am pretty new here and didnt post much. So sorry I have to ramble it a bit
And thank you tkimble for sharing your strategy


I am pretty amazed how often questions were asked on the last 4 pages that are answered right here in the thread for multiple times. I suggest to read the thread to understand.

To answer you again (sorry, but it was answered in the last 2 pages atleast 2 times):

The 5SMA was replaced by the triple 50SMA on high, low and close.
  • #242
  • Dec 6, 2006 7:39pm Dec 6, 2006 7:39pm
OK......thanks tkimble, I just wanted to hear it from the horses mouth and to be clear on the metamorphosis of your original system.
Same Whore .... Different Dress
  • #243
  • Dec 6, 2006 8:09pm Dec 6, 2006 8:09pm
Quoting tkimble
The 5 SMA is an entry point selection indicator that was replaced for the three 50 Period SMAs because of excessive whipsawing. The three 50 period SMA creates a band of higher and lower entry opportunities when combined with the RSI. The 5 MA approach will likewise provide profits but will also invite whipsawing..

Happy Trading,

Tkimble

Ok if I understand you right.

In the setup of the three 50 Period SMA is this a Simple MA of 3 and a Simple MA of 50?

Can you show us a chart (picture) of what you use?

The reason I ask is I am currently using an indicator that can be adjusted to signal a cross of 3SMA through 50SMA with RSI greater or less than 50.

I have attached it for you to look at to see if it would be benificial.

Thanks again for your help.

yezbick
Attached File(s)
File Type: mq4 AX512EMACROSSwRSI.mq4   4 KB | 440 downloads
  • #244
  • Dec 6, 2006 9:12pm Dec 6, 2006 9:12pm
Quoting yezbick
Ok if I understand you right.

In the setup of the three 50 Period SMA is this a Simple MA of 3 and a Simple MA of 50?

Can you show us a chart (picture) of what you use?

The reason I ask is I am currently using an indicator that can be adjusted to signal a cross of 3SMA through 50SMA with RSI greater or less than 50.

I have attached it for you to look at to see if it would be benificial.

Thanks again for your help.

yezbick
Where did you get a 3 SMA?

There are 3 different SMAs all of 50 periods. One is set at the high price, one is set at the low, and one is set on the close price. Three separate SMAs of 50. This can be done with the normal Moving averages found in Metatrader. Hope that clarifies it a little.
Don Life is expensive, but includes a free trip around the sun.
  • #245
  • Dec 7, 2006 2:31am Dec 7, 2006 2:31am
Took a 75 PIP profit at 0800 GMT. Now long. After such a sustained period of profitability over the last two weeks (Close to 1100 - 1200 PIPs), chances for account drawdown have increase.

Happy Trading,

Tkimble
  • #246
  • Dec 7, 2006 2:37am Dec 7, 2006 2:37am
did you take the long at 9 am gmt? i am in that when the bar closed above the high sma. lets see.



Quoting tkimble
Took a 75 PIP profit at 0800 GMT. Now long. After such a sustained period of profitability over the last two weeks (Close to 1100 - 1200 PIPs), chances for account drawdown have increase.

Happy Trading,

Tkimble
  • #247
  • Dec 7, 2006 3:39am Dec 7, 2006 3:39am
Quoting coolshades
did you take the long at 9 am gmt? i am in that when the bar closed above the high sma. lets see.
Yes. I took the long.

Tkimble
  • #248
  • Dec 7, 2006 3:40am Dec 7, 2006 3:40am
Quoting tkimble
Yes. I took the long.

Tkimble
The RSI is now below 50. A close below the 50 SMA Low would generate a short...

Tkimble
  • #249
  • Dec 7, 2006 3:43am Dec 7, 2006 3:43am
Quoting tkimble
The RSI is now below 50. A close below the 50 SMA Low would generate a short...

Tkimble
High impact reports issued today. Should create a run one way or the other...

Tkimble
  • #250
  • Edited 5:28am Dec 7, 2006 4:12am | Edited 5:28am
Quoting traderone
Where did you get a 3 SMA?

There are 3 different SMAs all of 50 periods. One is set at the high price, one is set at the low, and one is set on the close price. Three separate SMAs of 50. This can be done with the normal Moving averages found in Metatrader. Hope that clarifies it a little.

Wow, I feel silly. Now I understand. If we have 3 50 SMA's then we should have short the Cable at 1.9662 @ 12:00 GMT. Is this right.

? - Should the chart look like this.

50SMA high is green
50SMA close is yellow
50SMA low is red
Attached Image
  • #251
  • Dec 7, 2006 5:31am Dec 7, 2006 5:31am
Took the short at 1.9658. May be entering a drawdown phase. Hang in there...

Tkimble
  • #252
  • Dec 7, 2006 5:32am Dec 7, 2006 5:32am
Quoting yezbick
Wow, I feel silly. Now I understand. If we have 3 50 SMA's then we should have short the Cable at 1.9662 @ 12:00 GMT. Is this right.

? - Should the chart look like this.

50SMA high is green
50SMA close is yellow
50SMA low is red
Precisely...

Tkimble
  • #253
  • Dec 7, 2006 5:51am Dec 7, 2006 5:51am
well i got stopped out there.. but would you advocate going short now? or when the bars close below the low. the bars havent done that even with the price going below the low sma

Quoting tkimble
Precisely...

Tkimble
  • #254
  • Dec 7, 2006 5:57am Dec 7, 2006 5:57am
oh sorry they HAVE closed. i am short now at 19651

lets see. i have created a separate account for this system with a miniscule amount budgeted for it..
  • #255
  • Dec 7, 2006 6:01am Dec 7, 2006 6:01am
Wow the news sure wipped this pair around. Looks like its going south though.
Attached Image
  • #256
  • Dec 7, 2006 6:49am Dec 7, 2006 6:49am
Quoting tkimble
Took the short at 1.9658. May be entering a drawdown phase. Hang in there...

Tkimble

Do you use a trailing stop in your method?

I see you use a 50 point stop loss when opening a trade.

yezbick
  • #257
  • Dec 7, 2006 8:27am Dec 7, 2006 8:27am
Quoting yezbick
Do you use a trailing stop in your method?

I see you use a 50 point stop loss when opening a trade.

yezbick
Yes. Your are correct. 50 point trailing stop...

Tkimble
  • #258
  • Dec 7, 2006 8:29am Dec 7, 2006 8:29am
Quoting coolshades
well i got stopped out there.. but would you advocate going short now? or when the bars close below the low. the bars havent done that even with the price going below the low sma
When the bar closed below the 50 SMA low, go short. Should be short as of this typing...

Tkimble
  • #259
  • Dec 7, 2006 8:32am Dec 7, 2006 8:32am
Quoting yezbick
Wow, I feel silly. Now I understand. If we have 3 50 SMA's then we should have short the Cable at 1.9662 @ 12:00 GMT. Is this right.

? - Should the chart look like this.

50SMA high is green
50SMA close is yellow
50SMA low is red
People routinely "feel silly" or sometimes "feel stupid" when asking questions. Asking questions is the ultimate display of intelligence. People who ask the questions are seeking understanding and there is nothing silly or stupid about that.

Thanks for listening to a little of my philosophy...

Regards,

Tkimble
  • #260
  • Dec 7, 2006 9:13am Dec 7, 2006 9:13am
Quoting tkimble
It is human nature to want to tinker with things. Even trading systems while nuturing our sustained quest to find the perfect system. I have learned that there is such thing as good enough. The enemy of good enough is perfection.

This system works well and produces a very attractive income. I am always being questioned by my wife as to why I always order the same thing when I go to the same diner. The answer is always the same, "becuase I like it".

I have found something that works for me. Does not mean it will work for you.

Happy trading,





Tkimble
Tkimble,

I was reviewing your comments and teaching and I came across this quote. Well said. I didn't start feeling at ease trading FX until I stopped trying to change or improve the system I use. Thanks for your valuable input to this forum.

Jeff
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