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Simple 5 / 8 moving average crossover

  • #401
  • Nov 1, 2007 4:06pm Nov 1, 2007 4:06pm
Quoting rathcoole
I'm completely on the opposite side of the fence to you.
USD/JPY Sell Stop @ 114.60
EUR/GBP Buy Stop @ .6985
Of course, my Stop Buy/Sell points will probably not get triggered, at least today, in which case I wish you the best of luck :-)

Well I got 50 pips out of that which is fine with me... There was a cross on it until it shot back down I think from a report..

Slkosier
  • #402
  • Nov 1, 2007 5:51pm Nov 1, 2007 5:51pm
Quoting Slkosier
Well I got 50 pips out of that which is fine with me... There was a cross on it until it shot back down I think from a report..

Slkosier
slkosier is on fire at the moment, he has too many pips to count

NFP day tommorow, could be interesting
  • #403
  • Nov 1, 2007 6:20pm Nov 1, 2007 6:20pm
well i got waxed on stop losses on GBP/CHF and USD/JPY for -50 pips each. Man I hate it when a trade starts my way and then reverses for a loss! Owell trade and learn i suppose.

I had been adjusting my SL up to +5 or so when I was up 30-40, then it always seemed to drop, trigger the SL and head for the sky again. SO....... I decided to let er ride with these two! HA great idea!
  • #404
  • Nov 1, 2007 7:00pm Nov 1, 2007 7:00pm
Quoting peterM
slkosier is on fire at the moment, he has too many pips to count

NFP day tommorow, could be interesting
PeterM, This has been an awesome month for me...This system has made me some good money this month... I will not trade tomorrow since the NF report is coming out..Last time I got lucky..Didn't know it was coming out & was in a trade and it happened to go in my direction but shot 33pips through my take profit(I had set at 50pip TP)..Imagine if that was to go through you stop loss...That was on Oanda..Not sure If InterbankFx is like that...I am stopping for the week anways...Good luck on all who are trading tomorrow.Talk to you later PeterM

Slkosier
  • #405
  • Edited 7:47pm Nov 1, 2007 7:09pm | Edited 7:47pm
I have made a total of 1351 pips for the month of October....That is awesome...Thanks to PeterM and this system...

Slkosier
  • #406
  • Nov 1, 2007 9:07pm Nov 1, 2007 9:07pm
Quoting Slkosier
I have made a total of 1351 pips for the month of October....That is awesome...Thanks to PeterM and this system...

Slkosier
Good work. I presume you are trading off the 1 HR with the cross. Do you wait for price to retrace back to the 5EMA before going in or do you take the signal as soon as the candle completes.
  • #407
  • Nov 1, 2007 9:18pm Nov 1, 2007 9:18pm
Quoting et_phonehome_2
Good work. I presume you are trading off the 1 HR with the cross. Do you wait for price to retrace back to the 5EMA before going in or do you take the signal as soon as the candle completes.
This week has been on the daily charts only... I haven't had to much time to get into the 1hr... I have started another hobby(Circle Track Racing). Which has taken some of my time to get ready for saturday nights...But will not give up doing this...

This week I have been trying a different indicator to see if it can help on entry points.. It has been working just trying to fine tune it a bit more...It is called Laguerre indicator..


Slkosier
  • #408
  • Nov 1, 2007 10:17pm Nov 1, 2007 10:17pm
I have entered again for a long on USD/JPY at 114.56
If you look on the chart there has been 3 crosses very close to each other..first an up,then down, then up again..

Slkosier
Attached Image (click to enlarge)
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  • #409
  • Nov 1, 2007 10:57pm Nov 1, 2007 10:57pm
Quoting Slkosier
I have made a total of 1351 pips for the month of October....That is awesome...Thanks to PeterM and this system...

Slkosier

That is absolutely brilliant, well done !
what's your target for Nov ?

Garry
  • #410
  • Nov 2, 2007 12:43am Nov 2, 2007 12:43am
Quoting rathcoole
That is absolutely brilliant, well done !
what's your target for Nov ?

Garry
I don't have a target...I don't want to push my luck....Just gonna wait for the siganls and get in like I have been and see what it will bring me..

Slkosier
  • #411
  • Nov 2, 2007 1:36am Nov 2, 2007 1:36am
GY profit - +284 pips (closed on 31/10/2007)
UY hit SL at BE+23pips - +23 pips (closed yesterday)

Total October - (+809) + (+284) +(+23) = 1196 pips (16 trades) average 1 trade per day...yeargh
right now...for November 2007

sell
EY
Nzd Usd
Aus usd
Gbp Usd
Euro Usd
each with its own stop loss

hany mohseen, from malaysia ke?
  • #412
  • Nov 2, 2007 7:40am Nov 2, 2007 7:40am
you guys are doing well.. I haven't traded yet this month. Stronger than expected NFP though.. 166k with a downward revision for last months
  • #413
  • Nov 2, 2007 8:56am Nov 2, 2007 8:56am
Quoting Slkosier
I have entered again for a long on USD/JPY at 114.56
If you look on the chart there has been 3 crosses very close to each other..first an up,then down, then up again..

Slkosier

Hi Slkosier

Happy pips hope u do the same in NOV.

about the false signals in USD/JPY do u hve any idea how to avoid them?


Happy weekend
  • #414
  • Nov 2, 2007 9:21pm Nov 2, 2007 9:21pm
Well how did everyone do today with the report? I have been gone all day...How has the week been for everyone too?

Have a good weekend
Slkosier
  • #415
  • Edited 6:46am Nov 3, 2007 6:33am | Edited 6:46am
I didn't trade it this time, I had family come round!
Looking out for some good setups next week. Did anyone see loonie.. record lows!
  • #416
  • Nov 3, 2007 10:16am Nov 3, 2007 10:16am
Quoting Slkosier
Well how did everyone do today with the report? I have been gone all day...How has the week been for everyone too?

Have a good weekend
Slkosier

I stop trading 1 day before NFP

No need
  • #417
  • Nov 3, 2007 10:20am Nov 3, 2007 10:20am
Quoting automatedtrader
oops forgot to mention...8open 5close is what you really want to set it at.. JMA/Jaimo is even better at those settings than EMA

Hi Pete

Did u use 5EMA Close / 8EMA Open

I think it,s good

Regards
  • #418
  • Nov 4, 2007 7:36am Nov 4, 2007 7:36am
Quoting hany mohssen
Hi Pete

Did u use 5EMA Close / 8EMA Open

I think it,s good

Regards
hi there,

No, I personally use the close for both

Pete
  • #419
  • Nov 4, 2007 7:37am Nov 4, 2007 7:37am
will this strategy work on a 5 minute chart? Provided the settings remain the same? 5Ema close and 8Ema open?
My Tp level will only be around 10 pips.
Regards,
BK
  • #420
  • Nov 4, 2007 7:43am Nov 4, 2007 7:43am
Quoting bksujal
will this strategy work on a 5 minute chart? Provided the settings remain the same? 5Ema close and 8Ema open?
My Tp level will only be around 10 pips.
Regards,
BK
I am not sure how it will work on the 5 min charts.. I have never tried it. If you try it, let us know how u get on.
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