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Simple 5 / 8 moving average crossover

  • #501
  • Nov 16, 2007 6:12am Nov 16, 2007 6:12am
I sold GBP/USD @ 2.0750
Closed it @ 2.0450 +300 Pip

that cos i wait for full retracement for 5EMA


Regards
  • #502
  • Nov 16, 2007 5:48pm Nov 16, 2007 5:48pm
Quoting Slkosier
Wow it has gotten quiet in here... Well I have only done 140pips this week so far...but that is fine with me as long as I am not in the red....

Slkosier
Slkosier,

Do you still use the Laguerre indicator? If so, would you mind telling me the settings? I took the Lag from another thread; however, there's several different settings that were used there. I'm currently trying the combo of two lags: one at gamma .85 and the other at 0.55. Also, are you using this only on the Daily charts? Thanks for the help.

HJJ
  • #503
  • Nov 16, 2007 5:56pm Nov 16, 2007 5:56pm
Quoting hjjohn1
Slkosier,

Do you still use the Laguerre indicator? If so, would you mind telling me the settings? I took the Lag from another thread; however, there's several different settings that were used there. I'm currently trying the combo of two lags: one at gamma .85 and the other at 0.55. Also, are you using this only on the Daily charts? Thanks for the help.

HJJ
yes I am still playing with that to see how good it works with this system..I am only using 1 Lag at the time...I use it with setting .55..Yes I am currently using it on the Daily chart..Let me know how it has been working for you too...

Slkosier
  • #504
  • Nov 17, 2007 3:37am Nov 17, 2007 3:37am
Quoting Slkosier
yes I am still playing with that to see how good it works with this system..I am only using 1 Lag at the time...I use it with setting .55..Yes I am currently using it on the Daily chart..Let me know how it has been working for you too...

Slkosier

can u post a mthod with useing Lag in more detail
  • #505
  • Nov 17, 2007 5:31pm Nov 17, 2007 5:31pm
Quoting hany mohssen
I sold GBP/USD @ 2.0750
Closed it @ 2.0450 +300 Pip

that cos i wait for full retracement for 5EMA


Regards
hany,

my feed shows the 5EMA touch at around 2.0696. If the previous 4h candle wasn't so large wouldn't you be more likely to be entering as close to the 5ema as you could before the entry point could move away from you? I wasn't watching that candle but I imagine that is just kept going north up and up to the 2.0750 area.

Also, did you take any profit or move your SL at the subsequent 2.0525 -2.0550 resistance area or did you just let the whole thing ride down to your 2.0450 TP area?

nonetheless, awesome pips on that trade
trading naked.......
  • #506
  • Nov 18, 2007 5:42pm Nov 18, 2007 5:42pm
Hi guys/gals...as a new comer I have posted at least 3 request for help, information or clarifacation of indicators or terms, since none have responded to I assume you are too busy to help....Thanks Anyway and have a HAPPY THANKSGIVING..
SFG7th
  • #507
  • Nov 18, 2007 6:54pm Nov 18, 2007 6:54pm
Does the RSI in any way influence you whether to go long or short?
If you wait for price to retrace back to the 5EMA before entering, how do you know it will not go against you?
  • #508
  • Nov 18, 2007 9:44pm Nov 18, 2007 9:44pm
Quoting sfg7th
Hi guys/gals...as a new comer I have posted at least 3 request for help, information or clarifacation of indicators or terms, since none have responded to I assume you are too busy to help....Thanks Anyway and have a HAPPY THANKSGIVING..
SFG7th
Hey SFG7th,

I went back to Nov 1st looking for your requests -- didn't see any. Are you on the right thread? Clue me in too where your requests are. I'll try to answer them as best I can in a semi-timely manner.

HJJ
  • #509
  • Nov 18, 2007 9:53pm Nov 18, 2007 9:53pm
Quoting Slkosier
yes I am still playing with that to see how good it works with this system..I am only using 1 Lag at the time...I use it with setting .55..Yes I am currently using it on the Daily chart..Let me know how it has been working for you too...

Slkosier
Slkosier,

I find that the double Lag works well with the smaller timeframes. Especially on the USD/JPY, EUR/JPY, GBP/JPY pairs. On the 4H and daily, its looks like the 0.55 gamma Lag is all that you need. I followed the 15M TF rules for trading with the double Lag from the thread "simple method for scalping any pair on 5 min chart". There's plenty of examples of charts on that thread. (thats for 4newbie post 504) . Also note that on the small TF I only shoot for 8-12 pips. I just took 11 pips off of USD/JPY a few minutes ago.

HJJ
  • #510
  • Nov 19, 2007 7:54am Nov 19, 2007 7:54am
Quoting sfg7th
Hi guys/gals...as a new comer I have posted at least 3 request for help, information or clarifacation of indicators or terms, since none have responded to I assume you are too busy to help....Thanks Anyway and have a HAPPY THANKSGIVING..
SFG7th
didn't see you mate sorry.. Fire away if u want to ask something..
  • #511
  • Nov 25, 2007 1:23pm Nov 25, 2007 1:23pm
Just to let everyone know (especially the newbies) I have a open position on EUR/CAD since 11/07. I am up over 1300 PIPS thanks to Peter's system. It works great. I have incorporated the stategy into all of my longer term trades. Good Luck to everyone!
Humble Lifetime Member
  • #512
  • Nov 26, 2007 7:13am Nov 26, 2007 7:13am
glad to hear you doing well. Eur/cad is a nice trending pair :-)
  • #513
  • Nov 26, 2007 10:45am Nov 26, 2007 10:45am
Quoting peterM
glad to hear you doing well. Eur/cad is a nice trending pair :-)
very nice.. i see this estrategy for a time,and i think is good.. but higher time frame lower signals.. but the results can be excellents..
  • #514
  • Nov 27, 2007 3:21am Nov 27, 2007 3:21am
Well how has everyone been doing? I took a week off from trading..Felt good.. I also have been getting my new hobby ready(Dirt track racing)..Lots of fun here's a picture...
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  • #515
  • Nov 28, 2007 8:20am Nov 28, 2007 8:20am
Quoting Slkosier
Well how has everyone been doing? I took a week off from trading..Felt good.. I also have been getting my new hobby ready(Dirt track racing)..Lots of fun here's a picture...
stayed out mostly this week. Now that dirt track racing looks like fun
  • #516
  • Nov 28, 2007 2:05pm Nov 28, 2007 2:05pm
Quoting peterM
stayed out mostly this week. Now that dirt track racing looks like fun
peterM,

Are you the same as peterFM? I just came across a thread by peterFM in "forex Beginner Q&A" that is **full** of info. I assuming good info. Haven't had time to read it all yet. Just wondering.

HJJ
  • #517
  • Nov 28, 2007 4:10pm Nov 28, 2007 4:10pm
Hey Guys,
Looks like todays the day for 5/8 crosses in Several Places:
USD/CHF, USD/JPY, GBP/CHF, EUR/CHF, GBP/JPY, EUR/JPYAUD/USD AND A FEW OTHERS! It's overwhelming, so I'm just going for U?C, G/C, and E/C.
Any thoughts?
  • #518
  • Nov 28, 2007 4:29pm Nov 28, 2007 4:29pm
Quoting hjjohn1
peterM,

Are you the same as peterFM? I just came across a thread by peterFM in "forex Beginner Q&A" that is **full** of info. I assuming good info. Haven't had time to read it all yet. Just wondering.

HJJ
This is a joke........right?
  • #519
  • Nov 28, 2007 6:18pm Nov 28, 2007 6:18pm
Looks like we have crosses on these

EUR/JPY
GBP/JPY
USD/JPY
EUR/GBP

Lets see what happens with these

Slkosier
  • #520
  • Nov 28, 2007 7:06pm Nov 28, 2007 7:06pm
Quoting BeachBum
This is a joke........right?
sorry pal, I wasn't joking. I thought it was an innocent question. I was just wondering if it was the same person. Maybe i missed some critical post somewhere.

Clue me in to why you think I'm joking.
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