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The art of Trading MAs

  • #621
  • Edited 11:32pm Jul 28, 2008 11:21pm | Edited 11:32pm
Quoting jerz
Yeah, I see what you mean... with the JB COG neither one appear as a valid signal.

That leaves me wondering... does that mean a lot of lost trade opportunities or just safer trades... hmmm. I imagine the later.

Here is a chart to compare the two COG's.
Actually missing the trade opportunity is better than losing in trades.... (I experience this a lot)...

With this system, at least the COG filtered a lot of bad entries....

**And Yes, Scratch was the one who create the non-repaint COG**
  • #622
  • Jul 28, 2008 11:22pm Jul 28, 2008 11:22pm
Quoting CindyXXXX
Not necesarily lost trade opportunities - Just different ones I guess. You can look back over the charts with the JB COG to see how many. Just one point you may already know but BOTH the COGS will give the same signals in REAL time. It's just the past that makes a liar out of the original COG

It was scratch by the way who made the non repaint COG
Thanks for this is interesting and helpful info. All the while I have the same idea that the COG made by scratch missed out on alot of trades when I scroll the chart back to check on the MA crossovers.
  • #623
  • Jul 28, 2008 11:39pm Jul 28, 2008 11:39pm
Quoting atuque1
Actually missing the trade opportunity is better than losing in trades.... (I experience this a lot)...

With this system, at least the COG filtered a lot of bad entries....

**And Yes, Scratch was the one who create the non-repaint COG**
Ain't that the truth sitting on the side is trading too... I'm going to work with this system some on my demo account to see how it plays in forward / real time rather then trying to look back on it...

I've been reading a lot of the post and wonder, why care if COG repaints? If the signals are valid at the time of the trade... why should it really matter? I do like to be able to look back and study the chart so I imagine the non-repainting one would be good for that.
  • #624
  • Jul 28, 2008 11:42pm Jul 28, 2008 11:42pm
Quoting jerz
Ain't that the truth sitting on the side is trading too... I'm going to work with this system some on my demo account to see how it plays in forward / real time rather then trying to look back on it...

I've been reading a lot of the post and wonder, why care if COG repaints? If the signals are valid at the time of the trade... why should it really matter? I do like to be able to look back and study the chart so I imagine the non-repainting one would be good for that.
Got it in one!
Time hides Nothing
  • #625
  • Jul 29, 2008 2:42am Jul 29, 2008 2:42am
Quoting atuque1
Hi All,

I saw setup on EUR/AUD 1Hr, to go long (buy).
Candle closed below Gold Line, EMA already crossed Up (between green-gold) & CoG are trending Up (for filtering).

I entered on price 1.6468. (with 70pips SL & 15 pips TS, & 20 pips TP)

BUT take note that this pair has biggest spread....

GOOD LUCK...

As what I see from other platform's chart (in my office, no MT4 & cannot open my account)..., I see my trade consolidated lower from my entry, until this last hour, start to go UP.... Following my Setup....
  • #626
  • Jul 29, 2008 3:44am Jul 29, 2008 3:44am
Hello Endroute,
Read about The Art Of Trading MAs..I a kinda lik it..But d problem is I saw no indicator called COG on my Mt4...Wats d full meanin n is it on Mt4 platforms??Ur reply wil b of great importance...Keep d spirit up....
  • #627
  • Jul 29, 2008 4:09am Jul 29, 2008 4:09am
Quoting spunkyrich
Hello Endroute,
Read about The Art Of Trading MAs..I a kinda lik it..But d problem is I saw no indicator called COG on my Mt4...Wats d full meanin n is it on Mt4 platforms??Ur reply wil b of great importance...Keep d spirit up....
Hello SpunkyRich...
COG means Centre of Gravity...
You can just pick the one in 1st page of this thread (the Original from Endroute) and also the other one called "JB COG" in http://www.forexfactory.com/showpost...&postcount=617....
  • #628
  • Jul 29, 2008 6:33am Jul 29, 2008 6:33am
Looks like setup to buy (going-to-be) on EUR/USD & GBP/USD....
Both candles at below Gold Line. Will wait for the candles close Up below gold or green. Be patient.....
  • #629
  • Jul 29, 2008 9:25am Jul 29, 2008 9:25am
Quoting atuque1
As what I see from other platform's chart (in my office, no MT4 & cannot open my account)..., I see my trade consolidated lower from my entry, until this last hour, start to go UP.... Following my Setup....
Bad trade for me... on the EUR/AUD ....
Consolidated at 1.6437.... & at last after news time, USD increased & affected on EUR & also on the pair I traded....
Hit my stop loss... with -60pips ....

Lesson for me, should choose pairs with lower spread.....

I have to accept this lose.... My fault anyway....

Good Luck Guys...
  • #630
  • Jul 29, 2008 9:47am Jul 29, 2008 9:47am
Hi Atuque , Cindy and other members.......
I had been following this method from two weeks and demoing to check its usefulness. Good job Cindy and Atuque you guys are keeping up this thread after endroute left...

Atuque are you on a real account or demoing??

And I have some doubts, how many trades on an average are you guys doing per day using this method......I kinda feel I am missing too many trades because of no clear signal and whats the average outcome after a week of trading.....I am asking this because many a times I could not gain much from a trade and the EMA cross came very close to the entry point but when the trade went bad it usually hit my stoploss of 60 pips. So overall I was in loss last week
I am sure the system is good but could not figure out the problem.

Thanks.
Abhishek.
  • #631
  • Jul 29, 2008 10:08am Jul 29, 2008 10:08am
Quoting 13may08
Hi Atuque , Cindy and other members.......
I had been following this method from two weeks and demoing to check its usefulness. Good job Cindy and Atuque you guys are keeping up this thread after endroute left...

Atuque are you on a real account or demoing??

And I have some doubts, how many trades on an average are you guys doing per day using this method......I kinda feel I am missing too many trades because of no clear signal and whats the average outcome after a week of trading.....I am asking this because many a times I could not gain much from a trade and the EMA cross came very close to the entry point but when the trade went bad it usually hit my stoploss of 60 pips. So overall I was in loss last week
I am sure the system is good but could not figure out the problem.

Thanks.
Abhishek.
Hi Abhishek,

I am on real account (minilite account), can trade start with only $1.
As far as I use this system, it is good for filtering good & profitable trades. Before this, I lost so much... till only $3.50 left in my account. Then I seriously use this system, carefully till today.... I gained back $17.00 after 17 trades (straight without losing). All that trades, I monitored closely...

But yesterday, entered a bit late....before sleep, then, set SL 70 pips. & TS 15 pips... Just now, hit my SL at 60 pips (i moved SL up, when the price followed my trend)... so after 17 consecutive winnings & profit hundreds of pips... (gain more than 100% of my deposits), only tonite I lost 60 pips....

Anybody to try this system, try on demos first.... gain your confidence....
Then, trade the system....
  • #632
  • Jul 29, 2008 12:53pm Jul 29, 2008 12:53pm
Hi Atuque.....thanks for the reply......Good to hear that you have full confidence in the system......

If you could tell how many trades you took last week so that I could compare my performance (did I take too many trades) coz I lost more than I won...
And also do you usually set the SL and TS for every trade and if the trade goes in your favour you shift the SL to break even.....

I am lacking in money management I guess so any help would be appreciable.

Thanks,
Abhishek.
  • #633
  • Jul 29, 2008 6:04pm Jul 29, 2008 6:04pm
Hmm, looks like the EJ and GU are both getting close to buy signals on 1h. Anyone else see that?
  • #634
  • Jul 29, 2008 8:29pm Jul 29, 2008 8:29pm
Quoting atuque1
Hi Abhishek,

I am on real account (minilite account), can trade start with only $1.
As far as I use this system, it is good for filtering good & profitable trades. Before this, I lost so much... till only $3.50 left in my account. Then I seriously use this system, carefully till today.... I gained back $17.00 after 17 trades (straight without losing). All that trades, I monitored closely...

But yesterday, entered a bit late....before sleep, then, set SL 70 pips. & TS 15 pips... Just now, hit my SL at 60 pips (i moved SL up, when the price followed my trend)... so after 17 consecutive winnings & profit hundreds of pips... (gain more than 100% of my deposits), only tonite I lost 60 pips....

Anybody to try this system, try on demos first.... gain your confidence....
Then, trade the system....
Hi Atuque,

I've been following this thread for about 2-3 weeks. You and Cindy are very good to keep this thread alive. And I beleive this system is working - anyway I'm trying on demo now but still thinking which time frame & pairs are suitable for me.

Atuque, which time frame are you using? how many pairs? & which pairs are you trading?
The reason why you setted SL 70 pips - it's very high
Thank you,

Pete
  • #635
  • Jul 29, 2008 9:45pm Jul 29, 2008 9:45pm
Quoting 13may08
Hi Atuque.....thanks for the reply......Good to hear that you have full confidence in the system......

If you could tell how many trades you took last week so that I could compare my performance (did I take too many trades) coz I lost more than I won...
And also do you usually set the SL and TS for every trade and if the trade goes in your favour you shift the SL to break even.....

I am lacking in money management I guess so any help would be appreciable.

Thanks,
Abhishek.
I have confidence, but still have to be careful of my carelessness & my impatience. I will always see the setup on 1 Hr TF first... then I will look at 5 mins or 15 mins TF, if it is a good time to enter... if it does not going the way the 1 Hr TF, will wait a little bit more.
Last week, I only managed to enter 3 trades due to my work & in my office I couldn't monitor MT4 Platform & couldn't see my trades. So, I just entered those 3 trades at night before sleep. (After entered trades, will see if the price goes in my favour or not. If follow in my favour, will set SL at BE, & set TS 25 pips. If not, will set 50pips SL because sometimes retracement goes the other way before follow my favour)..... But anyway, this is my way...
The week before last week, I was at home (time-off for 2 weeks), traded 13 trades (if I'm not mistaken), & all trades were profits!! That was when I can monitor & see my trades....

Now, hardly to enter trade because I am at work & the only time is when I return home... & see the trend, if there's any setup that I am confident, I will enter trade. If not, like last night, no trade....
  • #636
  • Jul 29, 2008 11:53pm Jul 29, 2008 11:53pm
Hi Atuque.....same problem for me too......after office I dont have plenty of time to watch the trend so I miss out some good opportunities and thus in impatience took some not so good ones.....resulting in loss...

Last week I took 1-2 trades per day far less than your numbers......this time I be more patient and take only A trades....

EUR/CHF, EUR/GBP, USD/CHF, EUR/JPY all are trending looks like possible setups picking up the better ones would be difficult

Thanks,
Abhishek.
  • #637
  • Jul 30, 2008 12:07am Jul 30, 2008 12:07am
Hi All good to see a few new comers to the thread.

I heard someone ask about money management... Well IMHO I don't ever want to risk more than 20 -30 pips max because although I may get stopped out more I know that the big win is just around the corner.

Whats the point having 17 wins in a row if one loss wipes out half of that?

And what will that loss do to your confidence, and mental approach to up and coming trades. I don't kow bout you guys but I would be seriously stressed - all that work gone!

Remember we're here to make money bottom line. LEarn to accept losses is key IMO.

As for the ammount of trades per day I'm only watching 1 hr time frame personally I think any lower is too noisy and any higher is like watching paint dry. (That's just me I kow everyone is different)

I think this system takes a lot of patience but as I'm beginning to learn not trading is in effect still trading...

By not trading I am managing my money effectively by not throwing it away in a half assed trade.

It's harder to do this when trading at $1 a pip because you feel the need to make 100 pips a day everyday ($100)

I have been there myself and used to try and go to the market all the time instead of waiting for the market to come to me.

AS for Endroutes comment about making 200 pips everyday - I am yet to see this consistanly done with this system
(or any system for that matter)

But you don't need to make 200 pips everyday to be successful

20 pips a day is surely enough... But pshycologically at $1 a pip $20 a day (20 pips) would surely make one go crazy after a while. - Watching charts for hours on end for $20 a day!

I think you need to look at the bigger picture and realise that while (if) you're still learning then the money doesn't matter right now. Learn to make pips consistantly and then when you're 100% confident in yourself AND your system invest enough money in your account to make it worth while.
Time hides Nothing
  • #638
  • Jul 30, 2008 12:22am Jul 30, 2008 12:22am
Quoting pete.alfa
Hi Atuque,

I've been following this thread for about 2-3 weeks. You and Cindy are very good to keep this thread alive. And I beleive this system is working - anyway I'm trying on demo now but still thinking which time frame & pairs are suitable for me.

Atuque, which time frame are you using? how many pairs? & which pairs are you trading?
The reason why you setted SL 70 pips - it's very high
Thank you,

Pete
The most often I traded were EUR/USD, GBP/USD, GBP/JPY, AUD/USD, EUR/JPY... all on 1 Hr TF for the setup.
I set SL 70 pips because I entered a bit late (when I see on 15mins TF, the stoch already overbought, & I know it will retrace a little bit)... But don't follow my way here, because I should enter buy when the TF15mins stoch showing oversold....
  • #639
  • Jul 30, 2008 1:02am Jul 30, 2008 1:02am
Wise words .
I dont believe on large SL as well. The way to wealth is based on series of small winning trades. especially these days were no clear trend exists, we should take profit when we see it (1:1 with the SL and move the SL to BE).
The way to make money is to enlarge the lot size you trade, not to wait for a 120 pips move.
BR
Dani M.
Quoting CindyXXXX

But you don't need to make 200 pips everyday to be successful

20 pips a day is surely enough... But pshycologically at $1 a pip $20 a day (20 pips) would surely make one go crazy after a while. - Watching charts for hours on end for $20 a day!

I think you need to look at the bigger picture and realise that while (if) you're still learning then the money doesn't matter right now. Learn to make pips consistantly and then when you're 100% confident in yourself AND your system invest enough money in your account to make it worth while.
  • #640
  • Jul 30, 2008 2:03am Jul 30, 2008 2:03am
Hi Cindy, thanks for the insight.

Many a times I had situations that the EMA crossover showed a specific trend but when I entered it is late (usual with moving averages). So when I enter the trade using the specific signal and it gets reversed what should I do??

Usually I set the SL a bit high so that spikes or retracement does not affect the trend....but if the trend is really reversed then the high Sl costs very dearly.....
I was also thinking about hedging against the trend in case of reversal but that leaves me confused about when to exit the trade....whats your view.

Thanks,
Abhishek.
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