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The art of Trading MAs

  • #461
  • Jul 10, 2008 8:40pm Jul 10, 2008 8:40pm
Quoting steven_leo
guys...nervous and with this one....hope it follow the 30mins....
Closed this one with 12 pips....
coz need to go out and there was news one hour later.....
  • #462
  • Edited Jul 11, 2008 12:18am Jul 10, 2008 9:47pm | Edited Jul 11, 2008 12:18am
Quoting Freddyfx
Hee guys.

I have been using this for a number of months and am always in to learn more about something. Will go over it from the very start later today and share if I have anything to add.

Greetings from Puerto Vallarta
Thanks Freddy that would be great

Welcome to the thread!
Time hides Nothing
  • #463
  • Jul 10, 2008 10:29pm Jul 10, 2008 10:29pm
guys....waiting this one....
Attached Image
  • #464
  • Jul 11, 2008 2:28am Jul 11, 2008 2:28am
Quoting atuque1
Hello All,
This morning, saw this long signal on GU 1 Hr TF. EMA crossed and going up.
Just entered Long.
Yes, this is a good one! Please post results!

Quoting steven_leo
guys....waiting this one....
Waiting for the next cross
And for your past gains!
  • #465
  • Jul 11, 2008 3:27am Jul 11, 2008 3:27am
Quoting scratch
Yes, this is a good one! Please post results!

The setup should be a good one, but hit my SL at -40pips (I have to set SL because need to leave the monitor a few hours...)

Maybe the MA's a bit too flat to enter long just now?? Or maybe should not go long when the COG trending down??
Need more input, more input...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1 Hr (11July08) - Lost.PNG Size: 60 KB
  • #466
  • Edited 9:35am Jul 11, 2008 4:19am | Edited 9:35am
Past Is Past.

Anyway, another good setup on AUD/USD 1 Hr TF.
Anybody on this?

I go Long (set SL at 20 pips & with TS 25 pips).
Attached Image (click to enlarge)
Click to Enlarge Name: AU 1 Hr (11July08).PNG Size: 59 KB
  • #467
  • Jul 11, 2008 4:42am Jul 11, 2008 4:42am
Nice one atuque - you're right past is past. Just cusrious as to why you used a 40 pip stop on GU I think endroute said he uses 20 on everything but GJ and uses a 50 pip SL on that.

Could have halved your loss there.

Anyway interesting point you made about the slope of the EMAs and trend of the COG but of course not every trade will be a winner.

Let us know how AU goes
Time hides Nothing
  • #468
  • Edited 5:36am Jul 11, 2008 4:58am | Edited 5:36am
Quoting CindyXXXX
Nice one atuque - you're right past is past. Just cusrious as to why you used a 40 pip stop on GU I think endroute said he uses 20 on everything but GJ and uses a 50 pip SL on that.

Could have halved your loss there.

Anyway interesting point you made about the slope of the EMAs and trend of the COG but of course not every trade will be a winner.

Let us know how AU goes
So Far, So Good....

Just curious about the Stoch, reaching overbought... maybe need to close soon... or just let it go..??
Attached Image (click to enlarge)
Click to Enlarge Name: AU 1 Hr (11July08) update.PNG Size: 56 KB
  • #469
  • Jul 11, 2008 6:12am Jul 11, 2008 6:12am
Keep it simple and just exit on a cross back of the EMA's or if it touches the top band. Maybe move your SL to BE.

This is how i would do it. But i's your trade hey
Time hides Nothing
  • #470
  • Jul 11, 2008 7:13am Jul 11, 2008 7:13am
After 26 long hours my EC trade has been stopped out at BE (trade I posted yesterday). At one stage it was up about 40 pips but couldn't get any sort of upward momentum going.

I guess if I were trading this with real money I would of closed it at some point maybe with a small profit as the price action was messy and alot of the time sideways and 26 hgours is just too long for me to sit in a trade for a 1 hour TF personally.

Anyway maybe next week will produce some better results.
Attached Image (click to enlarge)
Click to Enlarge Name: ec1.gif Size: 20 KB
Time hides Nothing
  • #471
  • Jul 11, 2008 9:37am Jul 11, 2008 9:37am
Quoting CindyXXXX
After 26 long hours my EC trade has been stopped out at BE (trade I posted yesterday). At one stage it was up about 40 pips but couldn't get any sort of upward momentum going.

I guess if I were trading this with real money I would of closed it at some point maybe with a small profit as the price action was messy and alot of the time sideways and 26 hgours is just too long for me to sit in a trade for a 1 hour TF personally.

Anyway maybe next week will produce some better results.
As for myself, I always set TS at least 25 pips (because a lot of the good setup will rebounce less then 20 pips).
  • #472
  • Jul 11, 2008 10:10am Jul 11, 2008 10:10am
The AU Trade, closed at TS with green pips.... +73 pips.

This setup is good... I learnt a lot form this. Patience is very most important....
Enough trades for me, for this week....
Attached Image (click to enlarge)
Click to Enlarge Name: AU 1 Hr (11July08) - Profit.PNG Size: 51 KB
  • #473
  • Jul 11, 2008 10:22am Jul 11, 2008 10:22am
Nice one Atuque ! I think you just learnt a very valuable lesson.

Yes its a funny thing how emotions can tempt us iinto making rash decisions. Like for example you let that GU trade hit your 40 pip SL in the HOPE that it would turn back around But in that AU trade you just took, I remember you feeling the need to close it at positive pips prob out of FEAR it would turn against you.

I think as traders we need to do exactly the opposite by cutting losses short and letting profits run.
Sure lock them in along the way if you feel the need but at least give yourself a fighting chance of achieving the goal you set when you first opened the trade.

I am still learning this myself I get very tempted to close a trade early because I fear it turning on me and ending up with nothing.

But when it has truely turned on me I leave it open in the HOPE it will go back my way. If you think about it it's a very destructive mind set for tradiing.

That's why I love these Black and white systems where the r:r ratio is good and all I have to do is let the trade play itself out knowing I have a defined exit plan.

Good trading
Time hides Nothing
  • #474
  • Jul 11, 2008 10:35am Jul 11, 2008 10:35am
Quoting CindyXXXX
Nice one Atuque !

Yes its a funny thing how emotions can tempt us iinto making rash decisions. Like for example you let that GU trade hit your 40 pip SL in the HOPE that it would turn back around But in that AU trade you just took, I remember you feeling the need to close it at positive pips prob out of FEAR it would turn against you.

I think as traders we need to do exactly the opposite by cutting losses short and letting profits run.

I am still learning this myself I get very tempted to close a trade early because I fear it turning on me and ending up with nothing.

But when it has truely turned on me I leave it open in the HOPE it will go back my way. If you think about it it's a very destructive mind set for tradiing.

That's why I love these Black and white systems where the r:r ratio is good and all I have to do is let the trade play itself out knowing I have a defined exit plan.

Good trading
Yes CindyXXX,
I was so frustrated when I saw the GU trade touched my SL (just touched about 1 pips from my SL).
After that, the price gone up to about +180pips which I did not manage to get it (because I had trade long on AU, & then I went out for dinner).
Anyway, I was not that frustrated because my AU trade going on my way as well.

Those who manage to go long GU was so lucky on the green pips.... Don't forget to put TS....
  • #475
  • Jul 11, 2008 10:47am Jul 11, 2008 10:47am
Quoting scratch
Yes, this is a good one! Please post results!



Waiting for the next cross
And for your past gains!

my patience pays out.....
  • #476
  • Jul 12, 2008 7:54am Jul 12, 2008 7:54am
I got an entry late on friday on EUR/JPY.
I adjusted s/l to the blue cog line after it gets broken clearly. The next bar dropped me out with +13 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 19 KB
  • #477
  • Jul 12, 2008 2:23pm Jul 12, 2008 2:23pm
Hi All,

Look's like a good system, I can't wait to try it out next week. Which COG is everyone using, or which one does Endroute suggest, the one in the first post or the new JBCOG?
Thanks for your help.
  • #478
  • Jul 12, 2008 6:21pm Jul 12, 2008 6:21pm
Quoting RVD
Hi All,

Look's like a good system, I can't wait to try it out next week. Which COG is everyone using, or which one does Endroute suggest, the one in the first post or the new JBCOG?
Thanks for your help.
If you want to backtest use JBCOG, if you dont need to backtest anything you can choose yourself because for the now they show the same results.
  • #479
  • Jul 12, 2008 6:54pm Jul 12, 2008 6:54pm
Thanks Scratch. What is your experience trading this system? I was lucky enough to catch a long singnal on the GBP/US on Fri morning and rode it for 104 PIPS, but Fri was easy, all you had to do was go against the USD.
  • #480
  • Jul 12, 2008 7:14pm Jul 12, 2008 7:14pm
Quoting RVD
Thanks Scratch. What is your experience trading this system? I was lucky enough to catch a long singnal on the GBP/US on Fri morning and rode it for 104 PIPS, but Fri was easy, all you had to do was go against the USD.
I personally think this system has many potentials! It also fits very good to my trading style. Not to fast, not to slow tf's.
Easy to use and understand.

But that is my opinion, you must make yourself a picture if you like to use it or not. Remember this system needs a lot of patience!

You can see some results posted by others.
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