Simple 5 / 8 moving average crossover | Page 30 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Yet another moving average crossover system 1,136 replies

Simple Moving Average Vs. Moving Average? 8 replies

Setting Up Moving Average Crossover Alert? 60 replies

Need alert: moving average crossover 14 replies

Moving average crossover alert!! 3 replies

Attachments: Simple 5 / 8 moving average crossover
Exit Attachments

Simple 5 / 8 moving average crossover

  • #581
  • Feb 5, 2008 10:01am Feb 5, 2008 10:01am
Quoting booktimes
Thanks Baz,
yes and to cap it all, report came out just after and dropped it down another 90 pips, 2 big mistakes,
regards
Tom(UK)
Hi Tom
My advice is try and enter the market between 6.00am to 7.00am Uk time,that really is the time the "big Boys" start trading.
Baz
  • #582
  • Feb 5, 2008 10:06am Feb 5, 2008 10:06am
Yeah I am always up early, and sit at my comp at that time, I have come from daytrading to dailies, so trying to get my head around longer timescale, I saw the us/jpy cross this morning and didnt get in there, doh!
Any advice kindly appreciated, have you been trading this way long?
Tom(UK)
  • #583
  • Feb 5, 2008 10:07am Feb 5, 2008 10:07am
Quoting booktimes
Thanks Baz,
yes and to cap it all, report came out just after and dropped it down another 90 pips, 2 big mistakes,
regards
Tom(UK)
If its worth anything,this was a correct long entry for the way i trade,but i shorted the Euro instead,but did not think it would "tank " the way it did.
Anyway a profit is a profit
regards
baz
  • #584
  • Feb 5, 2008 10:07am Feb 5, 2008 10:07am
GPB/USD crossed? short ?
  • #585
  • Feb 5, 2008 10:09am Feb 5, 2008 10:09am
Quoting booktimes
Yeah I am always up early, and sit at my comp at that time, I have come from daytrading to dailies, so trying to get my head around longer timescale, I saw the us/jpy cross this morning and didnt get in there, doh!
Any advice kindly appreciated, have you been trading this way long?
Tom(UK)
I trade on DAY BASIS,targeting +50 to +75 pips. I am not used to taking trades overnight,cant get rounnd it.
baz
  • #586
  • Feb 5, 2008 10:10am Feb 5, 2008 10:10am
I have been dt for about 18 months, short in and outs, great when it works, but very stressful and time consuming, The gb/us, preparing for boe rate announcement on Thurs, expecting a cut, the market is pricing this in now
Tom(UK)
  • #587
  • Feb 5, 2008 10:12am Feb 5, 2008 10:12am
Yeah the thing is you gotta sleep so cant keep eye on it for starters and also, there is cost of the carry over
Tom(UK)
  • #588
  • Feb 5, 2008 10:12am Feb 5, 2008 10:12am
Quoting darrenH
GPB/USD crossed? short ?
According to me the Cable was short since yesterday am.
baz
  • #589
  • Feb 5, 2008 10:16am Feb 5, 2008 10:16am
Yeah the ema's were together yesterday about 4
Tom(UK)
  • #590
  • Feb 5, 2008 10:29am Feb 5, 2008 10:29am
Quoting booktimes
Yeah the ema's were together yesterday about 4
Tom(UK)
Tom always plot the 60ema and the 200 ema as well,on the Daily,4 hr,1hr and 30 mins and observe what the price is doing at these emas
Say u get a signal on the daily,go down on to ur 30 mins,plot the trend lines,support/ressistance etc etc and observe the above mentioned emas ie check the Euro this morning and the price failure to go above this emas,plus the topping candles on the 30 mins
regards
baz
  • #591
  • Feb 5, 2008 10:43am Feb 5, 2008 10:43am
Thanks Baz, the cross on euro/us showed up on the 30min chart, but was a long away on the other timescales
Tom(UK)
  • #592
  • Feb 5, 2008 11:11am Feb 5, 2008 11:11am
possible trade for tomorrow
short e/j
short e/u, this has hit 60ema so may not play this one
  • #593
  • Feb 5, 2008 11:12am Feb 5, 2008 11:12am
However mu question is to the uk crew.....

Can i ask what platforms your all trading...are you spread betting or mt4 etc..

live or demo....

i,m having probs with my current broker ...seem to get their feeds from another planet cos their nothing like real price at certain times

thanks all

Rye

ps dont want to hijack this thread its excellent ..but just a quickie ..ooh errr missus!!!
  • #594
  • Feb 5, 2008 11:15am Feb 5, 2008 11:15am
Quoting booktimes
Thanks Baz, the cross on euro/us showed up on the 30min chart, but was a long away on the other timescales
Tom(UK)
Tom what i mean is the 200/60 ema,do not have to be crossed on the 30 min,the very fact that the price struggled to go above thses emas is a good signal to take short trade.
Check the USD/JPY on the 30 min and in particular the 200 ema,see how it supoorts the price
baz
  • #595
  • Feb 5, 2008 11:20am Feb 5, 2008 11:20am
Quoting Ryecatcher
However mu question is to the uk crew.....

Can i ask what platforms your all trading...are you spread betting or mt4 etc..

live or demo....

i,m having probs with my current broker ...seem to get their feeds from another planet cos their nothing like real price at certain times

thanks all

Rye

ps dont want to hijack this thread its excellent ..but just a quickie ..ooh errr missus!!!
personally I`m trading on MT4 with FXDD
demo until end of month then I may go live, results depending

I would recommend not to get involved with spread betting
  • #596
  • Feb 5, 2008 11:23am Feb 5, 2008 11:23am
Quoting croesesFX
possible trade for tomorrow
short e/j
short e/u, this has hit 60ema so may not play this one
Tom if u get a signal to go short,than u have to pull the trigger,my point is these 2 ema seem to be mostly watched,u have to be aware about them.
As for tommorow,there may be sideways action on Euro,watch out for Macd divergence on 60/30 mins if a new low is made first thing am.
If we get a good "FLAG" pattern then yes a short is in play.
Just be careful.
PS PLOT MONTHLY/WEEKLY HIGHS AND LOWS as WELL on YOUR CHARTS
regards
baz
i have to pick my boys now,catch you later
  • #597
  • Feb 5, 2008 11:30am Feb 5, 2008 11:30am
Quoting baz
Tom if u get a signal to go short,than u have to pull the trigger,my point is these 2 ema seem to be mostly watched,u have to be aware about them.
As for tommorow,there may be sideways action on Euro,watch out for Macd divergence on 60/30 mins if a new low is made first thing am.
If we get a good "FLAG" pattern then yes a short is in play.
Just be careful.
PS PLOT MONTHLY/WEEKLY HIGHS AND LOWS as WELL on YOUR CHARTS
regards
baz
i have to pick my boys now,catch you later
baz
I thought this system was to keep it simple
2 ema on a daily when they cross pull the trigger
ok we have added 2 more ema 200 & 60
but why are you going down to 30 and 60 min with Macd and watching for flags?
just curious
cheers
  • #598
  • Feb 5, 2008 11:40am Feb 5, 2008 11:40am
Quoting croesesFX
baz
I thought this system was to keep it simple
2 ema on a daily when they cross pull the trigger
ok we have added 2 more ema 200 & 60
but why are you going down to 30 and 60 min with Macd and watching for flags?
just curious
cheers
I am really sorry about this.This my way of trading,ie TOP DOWN approach
IE start with the daily,then look at 4 hr,then down to the 30 min to pull the trigger.
If evverything lines up on the charts,i will pull the trigger.My point is these 2 emas act as support/ressistance, and i dont want to be on the wrong side of them if they are acting as pivots on the 30 mins
Ok look at the Cable chart for yesterday on the 60 mins.Now see what happens when it meets the 200 ema.Now if your daily had indicated a short trade,this would be a good place to do it.Check the candlesticks as well,all pointing to a rversal.
Regards
baz
  • #599
  • Feb 5, 2008 11:48am Feb 5, 2008 11:48am
Quoting baz
I am really sorry about this.This my way of trading,ie TOP DOWN approach
IE start with the daily,then look at 4 hr,then down to the 30 min to pull the trigger.
If evverything lines up on the charts,i will pull the trigger.My point is these 2 emas act as support/ressistance, and i dont want to be on the wrong side of them if they are acting as pivots on the 30 mins
Ok look at the Cable chart for yesterday on the 60 mins.Now see what happens when it meets the 200 ema.Now if your daily had indicated a short trade,this would be a good place to do it.Check the candlesticks as well,all pointing to a rversal.
Regards
baz
ok baz
suppose we have to adapt to these systems
if this works then thats great
cheers
  • #600
  • Feb 5, 2008 11:52am Feb 5, 2008 11:52am
Fantastic thank you, I am just going to nave dinner, then I will do some back testing, great piece of info.
regards
Tom(UK)
0 traders viewing now