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Simple 5 / 8 moving average crossover

  • #681
  • Feb 26, 2008 5:22am Feb 26, 2008 5:22am
Quoting ashraf999
Dear PeterM,

Can we say that the following signal for GBPJPY is a correct sell signal as per your criteria but it failed?
quite possibly.. I didn't trade last week as I was traveling. It doesn't win 100% of the time, nor does any strategy. It is the long term picture that is going to give you good returns.
  • #682
  • Feb 26, 2008 9:27am Feb 26, 2008 9:27am
I dont believe in predicting the future by looking in the past.It doesnt make sense.
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #683
  • May 18, 2008 5:15pm May 18, 2008 5:15pm
Is anyone still trading this system?
  • #684
  • May 20, 2008 6:26am May 20, 2008 6:26am
hmm a holcomb...im a holcombe
anyways heres a nice FIB Tool..you can adjust the numbers to what you want..my favorite ..ive used 8/5 for years...5close 8open is my favorite..JMA.or EMA...
Attached File(s)
File Type: ex4 Fib SRv1.ex4   6 KB | 721 downloads
File Type: mq4 Fib SRv1.mq4   5 KB | 866 downloads
  • #685
  • May 21, 2008 6:02pm May 21, 2008 6:02pm
Sorry whats a Holcombe? Why did you post these Indicators?


Quoting automatedtrader
hmm a holcomb...im a holcombe
anyways heres a nice FIB Tool..you can adjust the numbers to what you want..my favorite ..ive used 8/5 for years...5close 8open is my favorite..JMA.or EMA...
  • #686
  • May 21, 2008 9:26pm May 21, 2008 9:26pm
This system has worked great, I just closed 130 pips of profit on the first day, which makes me very happy. Personally I will close all trades and reopen them on new candle day, this is somewhat of an experiment I am trying, but I will most likely lower my lots as the more and more day candles close away from the original cross. Hm...but this system shows a lot of promise, it is so simple that I love it....


Good Luck
TheLegace.
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #687
  • Jun 2, 2008 8:16pm Jun 2, 2008 8:16pm
Hi Legace:
I was wondering if you were still using this system and still profitable. People get excited about something and then lose interest, even if it's going well. I've been demoing this for a couple of week and doing o.k. I still make some bonehead moves, but like you said, I like it's simplicity.

Jim
  • #688
  • Aug 6, 2008 3:03am Aug 6, 2008 3:03am
Quoting bigjim1958
Hi Legace:
I was wondering if you were still using this system and still profitable. People get excited about something and then lose interest, even if it's going well. I've been demoing this for a couple of week and doing o.k. I still make some bonehead moves, but like you said, I like it's simplicity.

Jim
This system works awesome..Just follow Peter's rules adn what ever you do don't go by any of your feeling, do what the charts are telling you with the rules..I was doing awesome with this thing and did the feeling thing and lost a bunch, but also made alot at this if you look at my postings in here...I took along break but am getting back into this..Peter has an awesome system here...
  • #689
  • Aug 6, 2008 10:43pm Aug 6, 2008 10:43pm
Agreed....trusting the method and having patience to trade less but with a higher confidence and a better chance at a positive outcome is a good lesson to learn. Trading the H4 and the dailys with the trend has been a good thing for me. Glad to see you back at it and the thread still kicking.
  • #690
  • Aug 7, 2008 7:47pm Aug 7, 2008 7:47pm
Anyone got any good trades going on?

I am waiting right now
  • #691
  • Aug 8, 2008 2:52am Aug 8, 2008 2:52am
hi guys!

been reading this thread and its very interesting approach, is anyone still using it? cause the thread seems not actiuve much
  • #692
  • Aug 8, 2008 7:34pm Aug 8, 2008 7:34pm
Well what kinda of week did everyone have? Good or Bad?

I did around 300pips.. Did'nt really add up exact amount yet
Not to bad for starting in mid week and trying to get back into things from taking a long break...Hope to see this thread get going again
  • #693
  • Aug 8, 2008 10:58pm Aug 8, 2008 10:58pm
"it works great" based on a single trade. bah.

Quoting TheLegace
This system has worked great, I just closed 130 pips of profit on the first day, which makes me very happy.
  • #694
  • Aug 9, 2008 8:31am Aug 9, 2008 8:31am
Hello dear traders,

I have been thought to keep it simple stupid. This successful forex trader( he drives red ferrari and black porsche) simply K.I.S.S.

Managed to get him to tell and share his trading secret and that what he told me K.I.S.S and have fun trading. The moment you lose the fun, go take a break.

Shorted gbp/usd at 1.9935 on daily chart.........

Cheers and have fun
  • #695
  • Aug 11, 2008 1:16am Aug 11, 2008 1:16am
Hi

All you need to do is
1.to decide your comfort level for looses then
2.when you see your entry trigger be comfortable with it
3. remember: RIDE your PROFIT coz good signal is rare

cheers and happy trading...make sure making money ok
  • #696
  • Aug 11, 2008 4:16am Aug 11, 2008 4:16am
Quoting TheLegace
This system has worked great, I just closed 130 pips of profit on the first day, which makes me very happy. Personally I will close all trades and reopen them on new candle day, this is somewhat of an experiment I am trying, but I will most likely lower my lots as the more and more day candles close away from the original cross. Hm...but this system shows a lot of promise, it is so simple that I love it....


Good Luck
TheLegace.
. Hi Leg, good trade there. Pls what TF do u trade on or most prefered for this method? Thanks. Nerry.
  • #697
  • Aug 12, 2008 7:11pm Aug 12, 2008 7:11pm
What a relaxed, simple trading strategy. I'm trading the 4H with confirmation of the 1H and have been a little too early removing profitable trades but it sure is fun to have profitable trades. I will reread Dax's posts as there are some good ideas there for better more profitable trades. Thanks all, p.
  • #698
  • Edited 8:23pm Aug 12, 2008 8:09pm | Edited 8:23pm
I wonder if that EUR/GBP is going to make a cross over in a few days...I am watching it..
  • #699
  • Aug 13, 2008 3:26am Aug 13, 2008 3:26am
Another cross might be coming on the USD/JPY..
  • #700
  • Aug 13, 2008 8:18am Aug 13, 2008 8:18am
Quoting piprac
What a relaxed, simple trading strategy. I'm trading the 4H with confirmation of the 1H and have been a little too early removing profitable trades but it sure is fun to have profitable trades. I will reread Dax's posts as there are some good ideas there for better more profitable trades. Thanks all, p.

ema 5 x ema 8 so easy and relaxing...today at 9034 60m bar a shooting star, next bar a hanging man and 4h remain short. intraday long stopped at 9030.

still holding swing short.......
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