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Is This The Best MA Cross?

  • #41
  • Edited 10:53am Jul 3, 2008 10:39am | Edited 10:53am
I would probably come in around 106.73-77 and see where it went. I like entering right when it hits the second line. The arrow has come on, the sto blue has crossed the sto white and both are above the gold. 106.85-95 would be good short term profit spots. I would be afraid that the YEN is showing some reversal on the higher charts. The highs are getting lower but this would be a good place to enter according to my rules. If the yen is in reversal I would be out at 106.65-70 and not be patient with it.

I see price went up to 106.84 quickly so it would have been a quick 7-10 points depending on your entrance. If you want to play for more you could but dont let the winner turn into a loser. This trade is now in profit pic.
Attached Image (click to enlarge)
Click to Enlarge Name: jpy trade buy.gif Size: 18 KB
  • #42
  • Jul 3, 2008 10:51am Jul 3, 2008 10:51am
Thanks for the quick response. One more question please.

When you're looking for the proper set-ups do you start with the 1 hour and then confirm with the 4 hour.
  • #43
  • Jul 3, 2008 10:59am Jul 3, 2008 10:59am
Quoting longfellaz
Thanks for the quick response. One more question please.

When you're looking for the proper set-ups do you start with the 1 hour and then confirm with the 4 hour.
I usually look at 4H first and check with 1H, but I dont think it makes any difference as long as they agree. The 1H will cross first and then the 4H. The 1h charts from dotted white line to dotted white line is 24 hours. The 4H from dotted line to dotted white line is 1 week. So one is the daily trend and one is the weekly trend. When they are the same then I go to 5M chart. For short term trading it is the safest way to go.
  • #44
  • Jul 3, 2008 2:44pm Jul 3, 2008 2:44pm
Thanks for the additional info will have a look at it .. GOOD LUCK.
  • #45
  • Jul 3, 2008 7:29pm Jul 3, 2008 7:29pm
Quoting nanningbob
Ok this is my most simple template, sometimes I add a stochastic to check overbought and oversold and sometimes I add pivot points to determine my take profits if I have to leave. But this is just the template in its most simple form.
.
Hi nannin,
Thanks for the reply. One more thing pls, what u use is it different from mystified own, that is the template and the indicators.what about those 1*5 and 2*5 indicators u posted on page one.Thanks.
Alnames.
  • #46
  • Jul 4, 2008 1:14am Jul 4, 2008 1:14am
Quoting alnames
.
Hi nannin,
Thanks for the reply. One more thing pls, what u use is it different from mystified own, that is the template and the indicators.what about those 1*5 and 2*5 indicators u posted on page one.Thanks.
Alnames.
I switched to the 1x5 because the warning comes in quicker. Remember I dont trade the warning I trade the trendline break. When price hits or crosses the second line I want to enter. The warning is so I don't miss that cross or trendline break. So that is why I changed to the 1x5, gives me just a little more decision time. Also if price reverses suddenly the 1x5 will warn me of the new direction so I may want to exit. Keep losses small and let profits run. I also added my two sto and MACD line indicator because it will also verify the warning signal.
  • #47
  • Jul 4, 2008 1:43am Jul 4, 2008 1:43am
Quoting nanningbob
The 1x5 is my warning the 7 Periods MA are my visual trend lines. I was taught trendline trading early in my career and have never found a good trendline break warning system. This is what I came up with. If I get the warning right by those two lines and price breaks the trendline I feel I have a good trade if I follow the 1H 4H trends. I have read many posts about the repainting problem and this was the best solution I have for it. Early warning that gets you to see what you really want too see. I want to see the trendline break. I was tired of seeing them too late. My success rate has gone up with this. Also, I have a definite out if the trade does not go my way.

There was a professional trader who used to let you watch him online for free for a while (he was trying to sell his services so you got to watch for a couple of days for nothing). He never let a trade go against him for more than 10 points and most of the time it was 6-8. He was a trendline trader, when the trend broke he went with the trade. If it went back above the trendline he was out. He consistantly pulled 20-40 points most days and had many 100+ days. I leaned a lot watching him. He found the market direction for the day and he would only trade in that one direction. So this is simple method of what he did. I like it because I can trade anytime day or night as long as I know what news stories are around.
Hi Nanningbob,

Will you kindly lead me to this professional trader's website?

And thanks for sharing your strategy.

Zu
  • #48
  • Jul 4, 2008 4:45am Jul 4, 2008 4:45am
Hallo Bob!

Thanks for pointing me here! This is really beautiful and simple.

Greetings!
Matt
  • #49
  • Jul 4, 2008 4:52am Jul 4, 2008 4:52am
Quoting Gnat
Hallo Bob!

Thanks for pointing me here! This is really beautiful and simple.

Greetings!
Matt
Hey Matt, glad you could come. This kind of fell together quickly, this guy asked how to solve a repaint problem and I thought what if the indicator was different than the visual and bingo. I havent had much time trading this week but I signed papers for the new school building today so we move in the 1st week of August. I have all of July to really perfect this thing and make some money. This 1 hour here, 30 minutes there makes it tough to get a good trade. Let me know if you have any thoughts.
  • #50
  • Jul 5, 2008 12:52am Jul 5, 2008 12:52am
Attached Image (click to enlarge)
Click to Enlarge Name: !!!!_uj01.gif Size: 17 KB


I found the ribbon hard to use. The moving average heat map makes it easier to know what MA is above or below what other MAs. I use the col by row setting so by looking at a column I can see instantly how many MAs that column's MA is above or below. Seeing the color alternating alerts me to the cross.
RIPPIN' THEIR PIPS BEFORE THEY RIP MINE
  • #51
  • Jul 5, 2008 1:34pm Jul 5, 2008 1:34pm
Quoting nanningbob
Hey Matt, glad you could come. This kind of fell together quickly, this guy asked how to solve a repaint problem and I thought what if the indicator was different than the visual and bingo. I havent had much time trading this week but I signed papers for the new school building today so we move in the 1st week of August. I have all of July to really perfect this thing and make some money. This 1 hour here, 30 minutes there makes it tough to get a good trade. Let me know if you have any thoughts.
NanningBob Nice simple system. Thanks for sharing, Have you tried this system on larger timeframes like 4H?
  • #52
  • Jul 5, 2008 1:35pm Jul 5, 2008 1:35pm
Quoting PipRipper
Attachment

I found the ribbon hard to use. The moving average heat map makes it easier to know what MA is above or below what other MAs. I use the col by row setting so by looking at a column I can see instantly how many MAs that column's MA is above or below. Seeing the color alternating alerts me to the cross.
PipRipper Very cool chart. Any chance you could post indicators and template? Thanks!
  • #53
  • Edited 8:31pm Jul 5, 2008 8:07pm | Edited 8:31pm
Quoting nubchai
NanningBob Nice simple system. Thanks for sharing, Have you tried this system on larger timeframes like 4H?
This is a culmination of various trading methods I have used over the years. The final key being using a warning system that is different than what is on the screen.That is a very recent discovery. I want to thank Mystified for asking the question that led to the discovery.

I have used the 4h 1h trading system for about a year and that has been my only method I have made money with in live trading. (my other way is using an EA I monitor) The warning system, just on the 4h chart, I have not used to just trade. I suppose theoretically would work from eyeballing it. I dont know if you can get a signal early enough to enter. I guess it would depend at just when the warning came on. If you want to play with ,this is what I would look at. Put the warning system on when the 1 crosses the 2 or the 3, and find what MA lines would make a good trend line on a 4H chart. the 7x7 is probably too slow for a 4H chart, it was designed for the 5M. Maybe a 3x3 or some other method might work better. You can play with it. I looked at changing the 7MA close and putting shift to 1 might make a good trendline break.

Just to give you some thoughts about trading a 4 H chart. If you push F8 on a MT4 you will get your screen properties. Click on the common tab and check the 'show period separators' MT4 will put vertical white dotted lines on your screen. On a 4H chart this is from the beginning of the week to the end of a week. (1H and lower this is every 24 hours, daily chart month by month) So it divides the chart into weekly segments on a 4H. With a MA cross on your screen you can follow the weekly trends. You also can draw support and resistance lines by connecting places where price bounces often. This gives you a good visual of what price has been doing for the last 2 or 3 weeks. Too me the 4H chart is the most valuable chart for getting information of price action for short and medium term trading. From this info you can go to a lower chart and trade. So I get two major pieces of info. from a 4H chart. What direction is price heading during the week and where are support and resistance lines been for the last several weeks. With this info. I can go to a lower chart and trade. Because of my busy schedule I am not around often enough to trade this chart. I am not there when price is bouncing off a support or resistance line or a MA is crossing. If you have the time to play this chart you can make nice 1-4 day trades by playing the bounce off a R&S line and entering of a trendline break. I tried doing that for a while and I kept missing TP points and entrances so I quit trying. Good luck. Here is a pic of what I am talking about.

On this chart you can see where price broke R1 and price crossed the blue line (trendline) for a nice entrance. If you were there when this happened it would have been a nice sell. As long as price stays below the blue line you could stay in the trade. If I was a FT trader this would be a nice way to trade but I am not. If you could find an alert for this you could be sitting on a nice trade. I was not around when this happened.
Attached Image (click to enlarge)
Click to Enlarge Name: 4h support and resistance.gif Size: 16 KB
  • #54
  • Jul 5, 2008 8:14pm Jul 5, 2008 8:14pm
Quoting nubchai
PipRipper Very cool chart. Any chance you could post indicators and template? Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: !!!!_eu.gif Size: 17 KB


I find free indicators on the net. One tells how many bars since the price crossed the MA and the other plots lines in the area between the two MA lines.
RIPPIN' THEIR PIPS BEFORE THEY RIP MINE
  • #55
  • Jul 5, 2008 8:38pm Jul 5, 2008 8:38pm
Quoting nanningbob
This is a culmination of various trading methods I have used over the years. The final key being using a warning system that is different than what is on the screen.That is a very recent discovery. I want to thank Mystified for asking the question that led to the discovery.

I have used the 4h 1h trading system for about a year and that has been my only method I have made money with in live trading. (my other way is using an EA I monitor) The warning system, just on the 4h chart, I have not used to just trade. I suppose theoretically would work from eyeballing it. I dont know if you can get a signal early enough to enter. I guess it would depend at just when the warning came on. If you want to play with ,this is what I would look at. Put the warning system on when the 1 crosses the 2 or the 3, and find what MA lines would make a good trend line on a 4H chart. the 7x7 is probably too slow for a 4H chart, it was designed for the 5M. Maybe a 3x3 or some other method might work better. You can play with it. I looked at changing the 7MA close and putting shift to 1 might make a good trendline break.

Just to give you some thoughts about trading a 4 H chart. If you push F8 on a MT4 you will get your screen properties. Click on the common tab and check the 'show period separators' MT4 will put vertical white dotted lines on your screen. On a 4H chart this is from the beginning of the week to the end of a week. (1H and lower this is every 24 hours, daily chart month by month) So it divides the chart into weekly segments on a 4H. With a MA cross on your screen you can follow the weekly trends. You also can draw support and resistance lines by connecting places where price bounces often. This gives you a good visual of what price has been doing for the last 2 or 3 weeks. Too me the 4H chart is the most valuable chart for getting information of price action for short and medium term trading. From this info you can go to a lower chart and trade. So I get two major pieces of info. from a 4H chart. What direction is price heading during the week and where are support and resistance lines been for the last several weeks. With this info. I can go to a lower chart and trade. Because of my busy schedule I am not around often enough to trade this chart. I am not there when price is bouncing off a support or resistance line or a MA is crossing. If you have the time to play this chart you can make nice 1-4 day trades by playing the bounce off a R&S line and entering of a trendline break. I tried doing that for a while and I kept missing TP points and entrances so I quit trying. Good luck. Here is a pic of what I am talking about.

On this chart you can see where price broke R1 and price crossed the blue line (trendline) for a nice entrance. If you were there when this happened it would have been a nice sell. As long as price stays below the blue line you could stay in the trade. If I was a FT trader this would be a nice way to trade but I am not. If you could find an alert for this you could be sitting on a nice trade. I was not around when this happened.
Bob thanks for the detailed answer and chart example. I really appreciate it
  • #56
  • Jul 5, 2008 9:11pm Jul 5, 2008 9:11pm
Quoting nanningbob
I took this trade and then posted the screen USD/JPY it looked good.
nanningbob in this chart (Post #37 - the UJ chart) blue is over yellow but it's a buy. When it turns down yellow is over blue.

But the rules on the previous page and chart are the reverse:

sell = blue over yellow
buy = blue under yellow

What am I missing?

Thanks,
Sandy
  • #57
  • Jul 5, 2008 10:11pm Jul 5, 2008 10:11pm
Attached Image (click to enlarge)
Click to Enlarge Name: !!!!_gu.gif Size: 16 KB


Since you are using a ma(7), adding a ma(49) gives you a bias. Only take long trades above the bias and only take short trades below the bias.

This will keep you out of trouble.

7 * 7 = 49 in case you are wondering why I choose 49.
RIPPIN' THEIR PIPS BEFORE THEY RIP MINE
  • #58
  • Edited 11:35pm Jul 5, 2008 10:48pm | Edited 11:35pm
Quoting nubchai
nanningbob in this chart (Post #37 - the UJ chart) blue is over yellow but it's a buy. When it turns down yellow is over blue.

But the rules on the previous page and chart are the reverse:

sell = blue over yellow
buy = blue under yellow

What am I missing?

Thanks,
Sandy
Sorry I was doing two different IBFX charts. One pic came from my live account and one came from my demo account. I noticed that I switched the colors on the two different accounts. Just get the direction right 1H 4H agree not the colors. I apologize for the confusion. I went back to my live account and changed the colors so they match my rules I posted. I dont think I can change the pictures posted but I can keep future ones consistent. Thanks for informing me.
  • #59
  • Jul 5, 2008 10:55pm Jul 5, 2008 10:55pm
Quoting PipRipper
Attachment

Since you are using a ma(7), adding a ma(49) gives you a bias. Only take long trades above the bias and only take short trades below the bias.

This will keep you out of trouble.

7 * 7 = 49 in case you are wondering why I choose 49.
That sounds like a good idea, you could have pickd 48, there are 48 5Minute candles in 4 Hours, so 49 looks good. That would keep you from having to check to see if the 4H had changed direction. I will add both the 12 and 48 and see if that equals what we see on the 1H and 4H. This would keep you from having to check back on occasion and you could just trade off the 5M. Let me know what you think. Sounds good to me. Great Idea!!
  • #60
  • Edited 11:21pm Jul 5, 2008 11:08pm | Edited 11:21pm
I tried several numbers but I couldnt get the 5M MA crosses to match the 1H or 4H. They matched sometimes and other times it didnt. Still when it crosses your 49 you can wait until it crosses back or check 1H 4H charts.
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