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The art of Trading MAs

  • #581
  • Jul 23, 2008 8:40am Jul 23, 2008 8:40am
Quoting scratch
Closed @ 2.0005 = +54 pips
That is so good & I am happy for you....
  • #582
  • Jul 23, 2008 10:48am Jul 23, 2008 10:48am
Hi All,

After a few observations on EU, saw a nice setup on 1 Hr TF & on 5 Mins already bearish trend.

I go Short @ price 169.25, with TS 25pips & SL 75 pips (reason: price hardly to pass above 169.95, so I set SL at 170.00 with spread).

Good Luck, T.A.Y.O.R....
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 1 Hr (23July08).PNG Size: 48 KB
  • #583
  • Jul 23, 2008 10:10pm Jul 23, 2008 10:10pm
Morning All,

At my workplace, I can only see different trading platform... & cannot see my trades .... But, I can see my entry last night is still good & in profit (current price is 169.08) meaning that I am on green (+17 pips) ....
That's whyI put TS at 25 pips.... hopefully the price will move down & at least move my SL to BE....

Good Luck guys...
  • #584
  • Jul 23, 2008 11:13pm Jul 23, 2008 11:13pm
Quoting endroute
I trade most pairs on the 1hr but do trade some pairs on the 4hr. I trade the following on the 1hr

usdjpy
eurusd
eurjpy
nzdjpy
gbpjpy

and these on the 4 hr
usdcad
audusd
nzdusd
eurgbp

The great thing is this system allows you to track a number of pairs, because it is so easy to look for setups. I trade anytime I see a signal, so an EA would be great to just email you when there is a setup. I have been using an ma ea to email me ema crosses only but I only run it on a few charts as I would be getting a ton of alerts. On the pips per month question I make a very nice living trading and this is my primary system, I do also trade price action on longer tfs but with much less success. You have to remember success in primarily in the trader, for example if you go into a great setup and price goes against you for a bar or 2 you can't chicken out, trade the system.

I have to say I have been doing much better using the next ema cross as my exit as opposed to some other subjective approach like stochs, cci etc.

Hi, How to make EA to email you alert? thanks.
  • #585
  • Jul 24, 2008 1:40am Jul 24, 2008 1:40am
Quoting whitelily
Hi, How to make EA to email you alert? thanks.
Use the SendMail function and configure your email options in MT. But, by the way I don't think this is the right thread to ask MQL or MT questions ...


By the way I got an sell entry on EUR/JPY (169.31) yesterday.
Hit TS with 169.25 ... +6 pips.
  • #586
  • Jul 24, 2008 3:11am Jul 24, 2008 3:11am
Quoting scratch
Use the SendMail function and configure your email options in MT. But, by the way I don't think this is the right thread to ask MQL or MT questions ...


By the way I got an sell entry on EUR/JPY (169.31) yesterday.
Hit TS with 169.25 ... +6 pips.
Good.... EJ still coming down.... Do you enter again just now?
(I hope mine still in the trade & not hit TS yet, but I know I am on the green already b'cos my TS is 25 pips..... aarrrgghh... cannot see my trades here...)
  • #587
  • Jul 24, 2008 3:58am Jul 24, 2008 3:58am
Got one on EUR/CHF @ 1.6270
The green candle closed over the green line.

@ atuque1 no cross no entry ... I strictly follow the rules
Attached Image (click to enlarge)
Click to Enlarge Name: 1032436_chart_EURCHF.gif Size: 30 KB
  • #588
  • Jul 24, 2008 4:46am Jul 24, 2008 4:46am
Quoting scratch
Got one on EUR/CHF @ 1.6270
The green candle closed over the green line.

@ atuque1 no cross no entry ... I strictly follow the rules
Good entry Scratch....
I also follow rules now, & I think my trade on EJ last nite is on the green...

15 mins more will be off from office..... Can't wait to see my trade....
  • #589
  • Jul 24, 2008 6:31am Jul 24, 2008 6:31am
Quoting atuque1
Good entry Scratch....
I also follow rules now, & I think my trade on EJ last nite is on the green...

15 mins more will be off from office..... Can't wait to see my trade....
Yes! Yes! My trade still alive & have not touch TS yet....
On the green, already locked profit +10 pips... So far, price already green at +30 pips... Keep going, keep going....
  • #590
  • Jul 24, 2008 6:48am Jul 24, 2008 6:48am
still can't break yesterday high....waiting....news one hour later....
Attached Image
  • #591
  • Jul 24, 2008 8:31am Jul 24, 2008 8:31am
Yes... My Sold EJ hit TP @ price 168.93.

Profit +32 Pips

Enough for yesterday & today....
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 1 Hr (24July08) - Profit, TS Hit.PNG Size: 49 KB
  • #592
  • Jul 24, 2008 10:10am Jul 24, 2008 10:10am
Before go to sleep, I see a setup on AUD/USD.... Sell Signal.

Enter Short (Sell) @ price 0.9590

Good Luck..
T.A.Y.O.R....
Attached Image (click to enlarge)
Click to Enlarge Name: AU 1 Hr (24July08).PNG Size: 47 KB
  • #593
  • Jul 24, 2008 10:36am Jul 24, 2008 10:36am
Thanks for this strategy, it is very solid and appears to work because its based on failed breaks, failure highs and lows... Ive been looking for something like this thanks for helping us on our way!
FX Specialist
  • #594
  • Jul 24, 2008 10:49am Jul 24, 2008 10:49am
Does anyone know how to program the COG into GFT's Chart Studio?
FX Specialist
  • #595
  • Jul 24, 2008 11:19am Jul 24, 2008 11:19am
I have GFT too but not sure if this can be done - I just use the interbank mt4 demo account for my charts and GFT to trade works fine for me
Time hides Nothing
  • #596
  • Jul 24, 2008 12:03pm Jul 24, 2008 12:03pm
Quoting atuque1
Before go to sleep, I see a setup on AUD/USD.... Sell Signal.

Enter Short (Sell) @ price 0.9590

Good Luck..
T.A.Y.O.R....
I got this too @ 0.9596 and it already reached BE
  • #597
  • Jul 24, 2008 1:36pm Jul 24, 2008 1:36pm
Quoting CindyXXXX
I have GFT too but not sure if this can be done - I just use the interbank mt4 demo account for my charts and GFT to trade works fine for me
does interbank let you have the demo for ever?

Maybe Mt4 can be subscribed to?
FX Specialist
  • #598
  • Jul 24, 2008 2:21pm Jul 24, 2008 2:21pm
Quoting 4XWeezal
The cog repaints. . -- so you need a confirmation signal.
Its work okay in ea's. but a big move in the wrong direction will leave you poor.
Im new to Mt4, how do i get this to work in mt4?
FX Specialist
  • #599
  • Jul 24, 2008 2:35pm Jul 24, 2008 2:35pm
Quoting scratch
I got this too @ 0.9596 and it already reached BE
I think you are getting better (or just more frequent) signals on the 1H charts than I'm getting on the daily charts. August tends to be nasty anyway and we are almost there. I'm going to move to trading 1H, although I will surely miss some trades that happen at weird hours. But I'm usually checking things a few times a day.

Thanks to endroute for a basic system, and his emphasis of our trading mentality over system mechanics. Once I am comfortable with my timeframes, I'll perhaps post trades that I saw as valid.
Disregard all prognostications.
  • #600
  • Jul 24, 2008 9:20pm Jul 24, 2008 9:20pm
Quoting mabenn
Im new to Mt4, how do i get this to work in mt4?
Just download the platform from interbank fx website...

I think they last for 3 months (the demo accounts) but after that you can just make a new one and transfer all your templates and indicators etc to the new platform.

The indicators and templates all posted here are for MT4... Once you create your account let me know and I will show you how to set it up.

Itr's not complicated
Time hides Nothing
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