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The art of Trading MAs

  • #521
  • Jul 17, 2008 12:46am Jul 17, 2008 12:46am
Quoting CindyXXXX
Still here antuque... I guess everyone is in the same boat as me and wondering where Endroute is and hoping he will come back to his thread. It would be great to have some input from the master himself!

hey... Endroute... where the hell are you... we need enlightment here...... ( i alredy said that twice in this thread ) haha......

anyway this system is


"May Green Pips Be With All Of Us"
" Good things come to those who wait " ( bon jovi 'santa Fe' )
  • #522
  • Jul 17, 2008 1:12am Jul 17, 2008 1:12am
Quoting Lost_angles
hey... Endroute... where the hell are you... we need enlightment here...... ( i alredy said that twice in this thread ) haha......

anyway this system is


"May Green Pips Be With All Of Us"
I hope he is not unhappy with our way here....

Endroute, please come back for better setup explanations online...
  • #523
  • Jul 17, 2008 1:30am Jul 17, 2008 1:30am
In EU & GU, I already entered trades. (Because found out EMA crossed down in 15Mins TF) & I have to go out for a while... Candle already at selling trend...

Both Enter Short, EU sell at 1.5840 & GU sell at 1.9990

Trade at your own risk...
  • #524
  • Jul 17, 2008 2:07am Jul 17, 2008 2:07am
Quoting CindyXXXX
Just some info you might already know about the stochastic but I'm bored so I'm gonna write it anyway for people who don't.

From what I've been taught and witnessed myself it's not enough to say that when the stoch is above 80 it's "overbought" or below 20 its "oversold" because most of the time when the market is trending it will stay above/below these levels and keep trending: below 20 = trending down... Above 80 = trending up.

You can only really use it as a reversal sign or signal when it cosses back down from above 80 to below 80 = short.

Or crosses back up from below 20 to above 20 = long

Look back over your charts and see this for yourselves it's a very common occurance. Truth is no one really knows what's overbought or oversold but you can get a good idea of when it's about to turn around!

Just trying to keep this thread educational lol

I think someone requested the Multi time frame Stocastic indicator earlier in the thread. So here it is.

It's handy if you want to see for example the 4hr stoch (change timeframe to 240 minutes (4h hours!)) on the 1 hour chart

Thanks for everyone who is keeping this thread alive and posting their trades steven leo, antuque, and scratch spring to mind!

Enjoy!
And thanks to you too Cindy - I've only recently 'discovered' this thread, and am working my way through it...especially to see how others interpret and use Endroute's original system.

One thing I have noticed is that my (FXDD) charts look very different to some of the charts posted, especially with regards to the 'position' of the COG lines with respect to price. (I am using the original settings, and yet to come across the 'modified' settings referred to in an earlier post)

Keep posting those charts guys, especially those of up and coming trades!!

freddi
  • #525
  • Jul 17, 2008 2:45am Jul 17, 2008 2:45am
Quoting atuque1
I looks like gonna cross at the blue line... so, IMO not good for going long (buy)...
I think more likely to go down south, due to the COG is heading down....
I will only wait for the EMA cross downward at top green line, & will go Short... Just wait and see....
Hit my SL with 1 pips only......lookslike it will cross down....
  • #526
  • Jul 17, 2008 3:12am Jul 17, 2008 3:12am
Quoting freddi
And thanks to you too Cindy - I've only recently 'discovered' this thread, and am working my way through it...especially to see how others interpret and use Endroute's original system.

One thing I have noticed is that my (FXDD) charts look very different to some of the charts posted, especially with regards to the 'position' of the COG lines with respect to price. (I am using the original settings, and yet to come across the 'modified' settings referred to in an earlier post)

Keep posting those charts guys, especially those of up and coming trades!!

freddi
Hey Freddi

We are still using the same settings for the COG the reason it may look different on outr charts is prob because we are using the "no repaint" COG that Scratch made for us.

It still gives the same signals in real time as the normal COG the only difference is it shows where the COG position was in the past hence "no repaint" and we can therefore back test with it.

That's why the COG on our charts look very "squigly" compared to the normal "smooth" version.

As I said they can both be traded in real time and will produce the same results. But if you have MT4 charts and want to back test with Scratchs' version then the indicator is posted by him in one of the previous posts...

Hope this helps
Time hides Nothing
  • #527
  • Jul 17, 2008 4:26am Jul 17, 2008 4:26am
Quoting CindyXXXX
Hey Freddi

We are still using the same settings for the COG the reason it may look different on outr charts is prob because we are using the "no repaint" COG that Scratch made for us.

It still gives the same signals in real time as the normal COG the only difference is it shows where the COG position was in the past hence "no repaint" and we can therefore back test with it.

That's why the COG on our charts look very "squigly" compared to the normal "smooth" version.

As I said they can both be traded in real time and will produce the same results. But if you have MT4 charts and want to back test with Scratchs' version then the indicator is posted by him in one of the previous posts...

Hope this helps
Thanks..found & installed the JB-COG.

Freddi
  • #528
  • Jul 17, 2008 7:56am Jul 17, 2008 7:56am
Entered short on EUR/USD (1.5830) and EUR/GBP (0.7910).
Someone else got this two trades?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CROSS_EURUSD_chart.gif Size: 31 KB
Click to Enlarge Name: CROSS_EURGBP_chart.gif Size: 31 KB
  • #529
  • Jul 17, 2008 8:06am Jul 17, 2008 8:06am
Quoting scratch
Entered short on EUR/USD (1.5830) and EUR/GBP (0.7910).
Someone else got this two trades?
Hey Scratch,

I have sold EU @1.5828 (do you trade without a SL and monitor your trades?)
I also have sold EG @ 0.7931 as of COP last night.

Still learning this system..do you TP @ the next EMA cross?

Thanks

Freddi
  • #530
  • Jul 17, 2008 8:32am Jul 17, 2008 8:32am
Quoting scratch
Entered short on EUR/USD (1.5830) and EUR/GBP (0.7910).
Someone else got this two trades?
Becareful enter trade... don't be careless like me...
Actually I have entered short EUR/USD (accidentally) & GBP/USD about few hours ago, because both already overbought... & I have something to do away from monitor. Luckily I did not put SL at 50 pips because after I entered, both pairs gone up more than 50 pips before coming back down.

I accidentally entered short EUR/USD @ 1.5840 & entered short GBP/USD @ 1.9990.....
And both trades, I always put the TS (trail stop) with 25 pips.... (my way)

**the EUR/USD short should be for the GU, but accidentally entered for EU.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 1 Hr (17July08).PNG Size: 50 KB
Click to Enlarge Name: GU 1 Hr (17July08) - update.PNG Size: 47 KB
  • #531
  • Jul 17, 2008 9:17am Jul 17, 2008 9:17am
Seems like news are giving deep impact on the prices and the trends today....
So scary....
  • #532
  • Jul 17, 2008 9:44am Jul 17, 2008 9:44am
Quoting atuque1
Becareful enter trade... don't be careless like me...
Actually I have entered short EUR/USD (accidentally) & GBP/USD about few hours ago, because both already overbought... & I have something to do away from monitor. Luckily I did not put SL at 50 pips because after I entered, both pairs gone up more than 50 pips before coming back down.

I accidentally entered short EUR/USD @ 1.5840 & entered short GBP/USD @ 1.9990.....
And both trades, I always put the TS (trail stop) with 25 pips.... (my way)

**the EUR/USD short should be for the GU, but accidentally entered for EU.
Why you entered GBP/USD? I could not see a candle closing above the green line
The EUR/USD is a valid one for me.
  • #533
  • Jul 17, 2008 9:50am Jul 17, 2008 9:50am
Quoting freddi
Hey Scratch,

I have sold EU @1.5828 (do you trade without a SL and monitor your trades?)
I also have sold EG @ 0.7931 as of COP last night.

Still learning this system..do you TP @ the next EMA cross?

Thanks

Freddi
Yes freddi, I'm closing at the next ema cross or at TS when i reached BE.
  • #534
  • Jul 17, 2008 10:06am Jul 17, 2008 10:06am
Quoting scratch
Why you entered GBP/USD? I could not see a candle closing above the green line
The EUR/USD is a valid one for me.
Today I am a real mess!! Shouldn't take both trades... A lot of US News tonite... Should just watch tv tonite...
  • #535
  • Jul 17, 2008 12:18pm Jul 17, 2008 12:18pm
I can't create any strong exit rules. Help me please! For example, how do you use stoch for exit? Or you just use next MAs cross?

(I've read author's post with 3 variants to exit but I still can't include them into 1 exit idea)

Thank you!
  • #536
  • Jul 17, 2008 6:16pm Jul 17, 2008 6:16pm
Quoting aktaurus
I can't create any strong exit rules. Help me please! For example, how do you use stoch for exit? Or you just use next MAs cross?

(I've read author's post with 3 variants to exit but I still can't include them into 1 exit idea)

Thank you!
Hi Aktaurus,
As for my understanding, the author (Endroute) are using the EMA crossed for the exit.
Actually it depends on the personality, whether you just want to have more profit or at the least profit... Some cases, the price goes into the price that I want until 50 pips and then rebounced back to BE, and then stay for long time (lost on the swap).
So, now I always set TS (trailing stop) at 20 or 25 pips because I cannot constantly monitor my trades.... At least, I have some profits to be banked in.
  • #537
  • Jul 17, 2008 7:31pm Jul 17, 2008 7:31pm
BTW, about my trades on GU & EU yesterday.... So surprised that I'm still on that trades (even after twice the prices gone up more than 50 pips), I had to set SL at 80 pips for both yesterday (and prayed) & set the TS at 25 pips....

This morning, I woke up & see that the prices are back to the price which I entered the trade & coming down ... more on bearish .....

Last night, I really cannot sleep thinking of the trades would touch my SL....
  • #538
  • Jul 17, 2008 8:36pm Jul 17, 2008 8:36pm
After long wait on GU, at last the price hit my TS (@ 1.9983) & gain only +7 pips...
it's okey since it is green...
  • #539
  • Jul 17, 2008 9:46pm Jul 17, 2008 9:46pm
Quoting atuque1
After long wait on GU, at last the price hit my TS (@ 1.9983) & gain only +7 pips...
it's okey since it is green...
Since I see GU still in bearish trend & EMA crossed down (in 5Mins TF), I entered short/sell @ price 1.9961... & put TP 50 pips including spread...
(At Your Own Risk)
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1 Hr (18July08).PNG Size: 49 KB
  • #540
  • Jul 17, 2008 11:19pm Jul 17, 2008 11:19pm
Quoting aktaurus
I can't create any strong exit rules. Help me please! For example, how do you use stoch for exit? Or you just use next MAs cross?

(I've read author's post with 3 variants to exit but I still can't include them into 1 exit idea)

Thank you!
Hey aktarus

I simply exit when EMA cross back or price touches the opposite green COG line - whichever comes first. This is what Endroute does and since he has the most experience this is what I do. It keeps things very simple.

Obviously if your 50 pips up and just want to go to bed - close the trade. Or if theres big news coming protect what you already have. But as you've seen when this method works it works well.

Theres no point getting stopped out at BE and trhen worrying about the pips you could of should of would of made if you had closed the trade earlier... Be greatful it wasn't a loss and take comfort in the fact that the next "bus" is around the corner and the next win will eventually come.

As for 80 pip SL antuque I know you ended with green pips but still you should learn to cut your losses. Endroute recommended 20 pip SL and I think you should try sticking with that. This system seems to have a great R:R ratio so even if you are stopped out half the time you will still make a nice profit.

Obviously this is just my opinion.

Good trading
Time hides Nothing
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