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Simple 5 / 8 moving average crossover

  • #261
  • Oct 25, 2007 4:53am Oct 25, 2007 4:53am
Quoting Slkosier
Hello all....Yesterday has been a real slow day for me..Haven't really seen to much to get into.. Looks like the NZD/USD might have a crossing on the daily chart going up in another day or so... this might the end for me for this week...I want to lock in my pips now.. I work today until 5pm and I don't trade on fridays...
I am also watching NZD/USD. Could be a nice opportunity here. Good plan to lock in your pips. If you can just make a few pips each week, you will come out on top.
  • #262
  • Oct 25, 2007 5:04am Oct 25, 2007 5:04am
good morning peter.

thanks for your system. i am new to this thread and i hope i will have good results out here.

damofx
  • #263
  • Oct 25, 2007 8:09am Oct 25, 2007 8:09am
Quoting gioviforex
Good morning guys
entered on AUDUSD D long @ 0.9021 ,
stop loss @ 0.8930

Ok now i have + 50 pips gain and moved stop loss at BE + 10
  • #264
  • Oct 25, 2007 1:31pm Oct 25, 2007 1:31pm
also long here

thanks for the simple system Peter .
Great thread !
Attached Image (click to enlarge)
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  • #265
  • Oct 25, 2007 4:09pm Oct 25, 2007 4:09pm
Peter,

If you have to put your trade and go to work, what would determine your S/L in a daily TF?

Roche.
  • #266
  • Oct 25, 2007 4:22pm Oct 25, 2007 4:22pm
I have found the ATR is a good indicator for stop sizes......just my 2 pips
Same Whore .... Different Dress
  • #267
  • Oct 25, 2007 5:18pm Oct 25, 2007 5:18pm
Quoting gioviforex
Ok now i have + 50 pips gain and moved stop loss at BE + 10
great stuff.. always good to lock in pips
  • #268
  • Oct 25, 2007 5:19pm Oct 25, 2007 5:19pm
Quoting Roche
Peter,

If you have to put your trade and go to work, what would determine your S/L in a daily TF?

Roche.
I either use the previous days low/high, a major swing low/high or a trend line support/resistance point. Whichever allows me to keep the risk down. I like johndoes idea of using the ATR.. I have never used this indicator, what is it actually telling us john?
  • #269
  • Oct 25, 2007 5:42pm Oct 25, 2007 5:42pm
I have had a great week with this system.. I made 30 trades with 25 wins and 5 loss for a total of 521pips...

PeterM -- Have you tried to use the Laguerre Indicator?

I look at it when 15 and facing up to go long and when 85 and facing down to go short... I found this on anither thread for scalping.. But seeing if it would help with this system..Going to watch it for a few weeks and see how it works..Talk later

Slkosier
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 22 KB
  • #270
  • Oct 25, 2007 5:43pm Oct 25, 2007 5:43pm
slkosier, great trading. Are you using the 1 hour time frames? no I have not heard of that indicator.. What does it measure?
  • #271
  • Oct 25, 2007 7:06pm Oct 25, 2007 7:06pm
Cross for a long on

NZD/USD .7620 Long
AUD/CAD .8782 Long

Take at look to confirm if I am right before getting into a trade...


Slkosier
  • #272
  • Oct 25, 2007 8:34pm Oct 25, 2007 8:34pm
MAN I just couldn't stay out of a trade..

I am up

10pips on AUD/CAD

15pips on NZD/USD
  • #273
  • Oct 25, 2007 8:44pm Oct 25, 2007 8:44pm
Quoting Slkosier
MAN I just couldn't stay out of a trade..

I am up

10pips on AUD/CAD

15pips on NZD/USD
Good for you. Do you have a target for TP?
Also; 10P is not to be sneezed at BUT...
Do you have a price in mind that says "Bad Trade" OR "Take Profit"?

Just trying to keep the pips a cummin'.
  • #274
  • Oct 25, 2007 11:33pm Oct 25, 2007 11:33pm
Quoting gioviforex
Ok now i have + 50 pips gain and moved stop loss at BE + 10
Good morning guys , now i I have + 85 pips gain and moved stop loss at BE + 50 .
  • #275
  • Oct 26, 2007 6:07am Oct 26, 2007 6:07am
Quoting gioviforex
Good morning guys , now i I have + 85 pips gain and moved stop loss at BE + 50 .
That is great Gioviforex... If you can lock in + pips that is always good..That was a good trade you got in..

I am in the NZD/USD for a Long right now from last night... lets see what these two pairs can bring us...
  • #276
  • Oct 26, 2007 6:12am Oct 26, 2007 6:12am
Quoting peterM
slkosier, great trading. Are you using the 1 hour time frames? no I have not heard of that indicator.. What does it measure?

I have used the 1hr and 4hr charts to help me get alot of small amount of pips onmy trades..It has been working goo for me right now...The Laguerre indicator is used on the thread a Simple way of scalping the GPB/JPY and is one of the main indicators they use...Not to sure what is measures...Have been looking for a description...


Slkosier
  • #277
  • Oct 26, 2007 7:48am Oct 26, 2007 7:48am
Quoting Slkosier
The Laguerre indicator is used on the thread a Simple way of scalping the GPB/JPY and is one of the main indicators they use...Not to sure what is measures...Have been looking for a description...


Slkosier
This might interest you.................
Attached File(s)
File Type: doc TimeWarp.doc   290 KB | 1,168 downloads
  • #278
  • Oct 26, 2007 8:45am Oct 26, 2007 8:45am
Hi Slkosier!
How you set your moneymanagement? SL? TP? trailingstop?
Thanks...
  • #279
  • Oct 26, 2007 10:01am Oct 26, 2007 10:01am
Quoting gioviforex
Good morning guys
entered on AUDUSD D long @ 0.9021 ,
stop loss @ 0.8930

I also entered long on this at .09020. As of right now its got me up 144 pips! Too bad for me it's just demo, but hey if this keeps up I might decide to risk real money! SL now at +100 pips
  • #280
  • Oct 26, 2007 10:30am Oct 26, 2007 10:30am
Quoting Rabideagle
I also entered long on this at .09020. As of right now its got me up 144 pips! Too bad for me it's just demo, but hey if this keeps up I might decide to risk real money! SL now at +100 pips
Hi ,now my stop is @0.9121 , but the good thing is that I am with real moneys !!!!

ps. anyway on montly pivot the R1 is at 0.9259
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