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Simple 5 / 8 moving average crossover

  • #281
  • Oct 26, 2007 11:37am Oct 26, 2007 11:37am
Giov,
are you going to let it ride for the week end or close out? I'm thinking about closing.......
  • #282
  • Oct 26, 2007 11:38am Oct 26, 2007 11:38am
im still long AUD/USD added more to positions, tighten up my stop to lock in a few pips thou
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  • #283
  • Oct 26, 2007 11:55am Oct 26, 2007 11:55am
Quoting Rabideagle
Giov,
are you going to let it ride for the week end or close out? I'm thinking about closing.......
I'll live it to run because we are in free trade ( we have 100 pips of sure gain ) and i'll update the stop on new monday candle.
  • #284
  • Oct 26, 2007 12:06pm Oct 26, 2007 12:06pm
also long 3 eur/chf positions not looking as good as the aud thou mabe 5/8 cross will help
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  • #285
  • Oct 26, 2007 12:32pm Oct 26, 2007 12:32pm
Quoting gioviforex
I'll live it to run because we are in free trade ( we have 100 pips of sure gain ) and i'll update the stop on new monday candle.

Ok thanks! I'm trying to get an idea of what my rules will be WHEN I decide it's time to make this real.
  • #286
  • Oct 26, 2007 1:15pm Oct 26, 2007 1:15pm
Great stuff guys. Glad to hear you are doing well. I am currently long on a few pairs, NZD/USD, NZD/JPY and AUD/JPY, AUD/USD. Some of these are fairly well correlated so I chose my position sizes accordingly. Currently have around 140 pips or so locked in.. I'm going to hold these over the weekend and see what next week brings. I had been patient all week waiting for the right setups, it certainly paid off. Patience and discipline.
  • #287
  • Oct 26, 2007 1:43pm Oct 26, 2007 1:43pm
I am long on the NZD/USD right now too.... I know I said I try not to trade on fridays but just can't help it sometime....

Slkosier
  • #288
  • Oct 26, 2007 4:41pm Oct 26, 2007 4:41pm
be careful dude, you have done really well, you don't want to give it back.

Pete
  • #289
  • Oct 26, 2007 4:53pm Oct 26, 2007 4:53pm
Quoting Slkosier
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
errr...i enter here
NZD/USD .7569 Long
AUD/USD .8988 Long
  • #290
  • Oct 26, 2007 6:01pm Oct 26, 2007 6:01pm
Quoting bujal38
errr...i enter here
NZD/USD .7569 Long
AUD/USD .8988 Long
What's your objective?
  • #291
  • Oct 26, 2007 11:36pm Oct 26, 2007 11:36pm
hi everyone,
i read with interest on this thread and also starting to use the moving average to make some demo trades. anyone did a short trade on the gbp/jpy currency yesterday as well? i did one but was stopped out shortly.... not sure what went wrong.. can anyone comment and help me on that? thank you.

rgds
wilddream
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  • #292
  • Oct 27, 2007 1:32am Oct 27, 2007 1:32am
Quoting wilddream
hi everyone,
i read with interest on this thread and also starting to use the moving average to make some demo trades. anyone did a short trade on the gbp/jpy currency yesterday as well? i did one but was stopped out shortly.... not sure what went wrong.. can anyone comment and help me on that? thank you.

rgds
wilddream
Hi you are using H1 and also i don't understand why you went short using just 1 ma ???
  • #293
  • Oct 27, 2007 2:21am Oct 27, 2007 2:21am
thats right i am using 1H TF. i used 1 ma cos i find that 1 ma does not have that many unnecessary crossover using 2 ma. one thing i noticed is that when i used 1 ma and the price closed below the ma line, that is about the same time the 2 ma will have a crossover as well.

am i right to say that? pls correct me if i am wrong as i am still a newie in this field. thank you.

rgds
wilddream
  • #294
  • Oct 27, 2007 4:30am Oct 27, 2007 4:30am
Quoting wilddream
thats right i am using 1H TF. i used 1 ma cos i find that 1 ma does not have that many unnecessary crossover using 2 ma. one thing i noticed is that when i used 1 ma and the price closed below the ma line, that is about the same time the 2 ma will have a crossover as well.

am i right to say that? pls correct me if i am wrong as i am still a newie in this field. thank you.

rgds
wilddream
Good luck
  • #295
  • Oct 27, 2007 6:12am Oct 27, 2007 6:12am
emm...how bout gj situation now.?..is it going uptrend or Dowtrend....seem the cross 5/8 going to DT....hope yours gives opinion..heheheh
  • #296
  • Oct 27, 2007 11:34am Oct 27, 2007 11:34am
Hi Wilddream,

I'm not sure how you got the trade for a short..This is what I got for my 1hr chart...
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  • #297
  • Oct 27, 2007 11:58am Oct 27, 2007 11:58am
Quoting Slkosier
Hi Wilddream,

I'm not sure how you got the trade for a short..This is what I got for my 1hr chart...
Hi Slkosier , agree with you .
May be next week on GBPJPY Daily and EURJPY Daily we'll have a long signal.
  • #298
  • Oct 27, 2007 12:08pm Oct 27, 2007 12:08pm
Quoting gioviforex
Hi Slkosier , agree with you .
May be next week on GBPJPY Daily and EURJPY Daily we'll have a long signal.
Yes I agree with that too..I will also be watching for a long on those pairs too...Lets hope they can bring us some good pips...

Slkosier
  • #299
  • Oct 27, 2007 7:16pm Oct 27, 2007 7:16pm
hi slkosier,
thank you very much for your reply. can i clarify some points with you?

1) do you only use the cross over of 5 and 8 ma for a signal?

2) how do you set your sl and profit target?

3) what is your exit signal? is it the crossover of the 5 and 8 ma again?

once again, thanx.

rgds
wilddream

Quoting Slkosier
Hi Wilddream,

I'm not sure how you got the trade for a short..This is what I got for my 1hr chart...
  • #300
  • Oct 27, 2007 9:14pm Oct 27, 2007 9:14pm
Quoting Adwa
What's your objective?
nothing....just to share.
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