Simple 5 / 8 moving average crossover | Page 33 | 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

  • #641
  • Feb 7, 2008 4:50am Feb 7, 2008 4:50am
Quoting baz
Darren please i dont want to confuse you,but at 10.30 close of the candle i would move down to the 5 min chart to fine tune a possible entry point.
Ie break of trend lines, support, 123 formation, break of the 5 mins ema and crossover etc
baz
ps at this momment the 30 min ,60 min,and 4hr are not playing ball !!
the daily is short

iic...guess to really trade well , really hav to cover all angles.... still got a lot to learn. be meticulous.

eur/yen dropping
  • #642
  • Feb 7, 2008 4:51am Feb 7, 2008 4:51am
Quoting darrenH
icic....
anyway, on the 15 min, euro hitting the 200 ema......
jus closed my Cable for 61 pips....dun
Hey thats great, now go to the 5 min cable and plot the 5 ema,and check the price of cable regards to it.
You could have waited for a candle close above that.Just a thought for you.
No i dont trade below 30 min, but will use 5 min to fine tune my entry
Baz
  • #643
  • Feb 7, 2008 4:54am Feb 7, 2008 4:54am
by the way, i added this Fractus indicator. read it in earlier posts.
suppose to help check for pull backs....
now testing if its useful.

now my charts full of indicators , unlike the day from the start of the simple 5 and 8 emas only. haha
  • #644
  • Feb 7, 2008 4:55am Feb 7, 2008 4:55am
Quoting darrenH
iic...guess to really trade well , really hav to cover all angles.... still got a lot to learn. be meticulous.

eur/yen dropping
Like i said, these 2 ema are watched on all time frames,and if u learn how to combine Fibos, you have many reasons to pull the trigger.
But tell me we could easily clear 20+ pips on that euro / yen even if the hiher Tf are not playing ball
Yes
reagrds
baz
  • #645
  • Feb 7, 2008 4:56am Feb 7, 2008 4:56am
Quoting darrenH
by the way, i added this Fractus indicator. read it in earlier posts.
suppose to help check for pull backs....
now testing if its useful.

now my charts full of indicators , unlike the day from the start of the simple 5 and 8 emas only. haha
My advice,dont use too many indicators,EMAS are a true guide to trend
Take care
baz
Paralysis By Analysis if too many indicators
  • #646
  • Feb 7, 2008 5:03am Feb 7, 2008 5:03am
Quoting baz
Hey thats great, now go to the 5 min cable and plot the 5 ema,and check the price of cable regards to it.
You could have waited for a candle close above that.Just a thought for you.
No i dont trade below 30 min, but will use 5 min to fine tune my entry
Baz

hmmm....icic...

anyway,i did check the 5 min, but did'nt reference it to any emas....was looking at the candle something like a morning star..., so i exited...

will take the 5ema into considerations too.
  • #647
  • Feb 7, 2008 5:04am Feb 7, 2008 5:04am
Quoting baz
My advice,dont use too many indicators,EMAS are a true guide to trend
Take care
baz
Paralysis By Analysis if too many indicators

Rogers and thanks Baz !
  • #648
  • Feb 7, 2008 5:07am Feb 7, 2008 5:07am
Quoting darrenH
hmmm....icic...

anyway,i did check the 5 min, but did'nt reference it to any emas....was looking at the candle something like a morning star..., so i exited...

will take the 5ema into considerations too.
One bit of advice.
Create YOUR OWN tradind system,create aplan, and be diciplened enough to follow it thru" irepective to what "others " are saying.
This will make you successful, i gurantee it
baz
  • #649
  • Feb 7, 2008 5:13am Feb 7, 2008 5:13am
Quoting darrenH
Rogers and thanks Baz !
Regards Fibos,place Fibo levels on Euro/yen from yesterdays swing high to todays low.See where the price stopped....at the 50%.
So you had 50% fibo,rejection at the 60 ema, and bearish engulfinf candles
3 reasons to pull the Trigger if YOU are Scalping.
Pocket money for us to spend !!
baz
  • #650
  • Feb 7, 2008 5:25am Feb 7, 2008 5:25am
Quoting baz
Regards Fibos,place Fibo levels on Euro/yen from yesterdays swing high to todays low.See where the price stopped....at the 50%.
So you had 50% fibo,rejection at the 60 ema, and bearish engulfinf candles
3 reasons to pull the Trigger if YOU are Scalping.
Pocket money for us to spend !!
baz

yeah~
saw the 3 now!
  • #651
  • Feb 7, 2008 5:31am Feb 7, 2008 5:31am
Quoting darrenH
yeah~
saw the 3 now!
Ok mate Good luck for your future trades.I am going off the forum,and focus on the trades after the news.
Catch you later
baz
  • #652
  • Feb 7, 2008 5:46am Feb 7, 2008 5:46am
Quoting baz
Ok mate Good luck for your future trades.I am going off the forum,and focus on the trades after the news.
Catch you later
baz

thanks and see ya~
  • #653
  • Feb 7, 2008 5:46am Feb 7, 2008 5:46am
Hi Mate
Baz is a good guy, great stuff he comes out with I have adopted the 200/60 ema into my setups, works great, the fibos powerful too
Respect
Tom(uk)
  • #654
  • Feb 7, 2008 6:35am Feb 7, 2008 6:35am
Quoting croesesFX
ok guys
I`m now short cad/jpy @ 105.87
cheers
I also went short eur/jpy @ 155.79 last night
forgot to post

currently using this system with another confirmation system, OzFx
  • #655
  • Feb 7, 2008 6:59am Feb 7, 2008 6:59am
short cad/jpy 105.87 closed 104.81 + 106
short eur/jpy 155.79 closed 154.51 + 128

maybe I should have move SL down, but urmmm
too pips on the table
  • #656
  • Feb 7, 2008 7:47am Feb 7, 2008 7:47am
Quoting croesesFX
short cad/jpy 105.87 closed 104.81 + 106
short eur/jpy 155.79 closed 154.51 + 128

maybe I should have move SL down, but urmmm
too pips on the table
Greatttttt Trades Mate, can i make a suggestion.U may consider trailing ur stop loss on the 4hr at the 25% fibo levels ie using th lasy swing high,to the lowest swing low if you are short?
Anyway something for u to think about
Well Done with ur Trades,the drinks are on you !!!
baz
  • #657
  • Feb 7, 2008 8:04am Feb 7, 2008 8:04am
once again the power of the 60 ema can be seen on the 30min charts on the Euro,Cable, Euro/Yen, just take a look at the drops today.
Peters system was already short on the Dailies,so taking shorts on price failure at this 60 ema was all you needed to take intraday trades
best wishes
baz
  • #658
  • Feb 7, 2008 8:31am Feb 7, 2008 8:31am
Quoting baz
Greatttttt Trades Mate, can i make a suggestion.U may consider trailing ur stop loss on the 4hr at the 25% fibo levels ie using th lasy swing high,to the lowest swing low if you are short?
Anyway something for u to think about
Well Done with ur Trades,the drinks are on you !!!
baz
thanks for advice will take note
cheers
  • #659
  • Feb 7, 2008 9:46am Feb 7, 2008 9:46am
What fantastic indicators these are, every time price goes near them, they bounce the price back, best resistance lines I have seen, no wonder all the bank traders use them.
Respect to Baz for info on these, thanks man
Tom(uk)
  • #660
  • Feb 7, 2008 10:23am Feb 7, 2008 10:23am
Quoting booktimes
What fantastic indicators these are, every time price goes near them, they bounce the price back, best resistance lines I have seen, no wonder all the bank traders use them.
Respect to Baz for info on these, thanks man
Tom(uk)
Tom
Its great u are using this Emas,but use it in conjuction with other signals to pull the trigger ie a conflunce of indicators at the same point,and than trading with the trend of the higher TFs.
regards
baz
5 traders viewing now