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Diary of a Mad Surfer

  • #561
  • Aug 4, 2008 3:53pm Aug 4, 2008 3:53pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Good its working for you. I got rid of the 8 ema and now use the 13 x 100 on smaller time frames as trends are not prevailing right now. Kind of scalping except I close half for a profit and leave the other half run with a stop loss at plus 10 pips on the free trade. (after its more than 50 pips in profit)
Dollar longs are doing good except for the interest rate swaps, so I closed my dollar longs during consolidations and then go in again on a signal.

What TF's you looking at and are you still using the fib's?
  • #562
  • Aug 4, 2008 4:03pm Aug 4, 2008 4:03pm
Quoting MPP
What TF's you looking at and are you still using the fib's?
15 min TF, with fibs, dibs oh my. so far I have worked out a signal that has increased my accuracy ten fold. hard to explain it here. Still a work in progress, I will explain later as the wife says it's bed time
I will try to explain tomorrow. Nice to see (read) from you MPP.
Just Trade It
  • #563
  • Aug 4, 2008 4:34pm Aug 4, 2008 4:34pm
Quoting Big Wave Rider
15 min TF, with fibs, dibs oh my. so far I have worked out a signal that has increased my accuracy ten fold. hard to explain it here. Still a work in progress, I will explain later as the wife says it's bed time
I will try to explain tomorrow. Nice to see (read) from you MPP.
Good to hear we are thinking along the same wavelength.

I'vw also been working on the 13x100. Still refining it. Will let you know more when everything is sorted.

What do you think about pivot points?
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  • #564
  • Aug 4, 2008 10:40pm Aug 4, 2008 10:40pm
Good to see you back, I am very curious as to what your doing on the 15 min charts.... take care GB
Quoting Big Wave Rider
15 min TF, with fibs, dibs oh my. so far I have worked out a signal that has increased my accuracy ten fold. hard to explain it here. Still a work in progress, I will explain later as the wife says it's bed time
I will try to explain tomorrow. Nice to see (read) from you MPP.
  • #565
  • Aug 5, 2008 1:39am Aug 5, 2008 1:39am
Quoting Ash
Good to hear we are thinking along the same wavelength.

I'vw also been working on the 13x100. Still refining it. Will let you know more when everything is sorted.

What do you think about pivot points?
They seem to be useful, but I don't use them since it clutters my screen. I'm trying to keep it as clean as possible. I took out the 200 for awhile but then put it back on as it's too valuable to not have it.
Just Trade It
  • #566
  • Aug 5, 2008 6:38am Aug 5, 2008 6:38am
USCAD looking to touch the 100 on the weekly T.F. This may be a good spot to take profit and wait for a retracement or consolidation before going in again.
Just Trade It
  • #567
  • Aug 5, 2008 9:46am Aug 5, 2008 9:46am
Quoting George B.
Good to see you back, I am very curious as to what your doing on the 15 min charts.... take care GB
I'm working on a trading plan that has rules, right now I'm working on the rules. As much as I'd love to share it with you I feel like I should complete it before I share it. It's very similar to the original system just on a smaller T.F plus a few more features. Hope to share it in the next week or two.
Just Trade It
  • #568
  • Aug 5, 2008 6:43pm Aug 5, 2008 6:43pm
Wow, BWR, in my moments of madness between trading the Daily and watching Premier League, I trade my little 18LWMA/175LWMA on M15. These MAs are very similar to yours (if they are EMAs).

I went completely naked and sold when price closed above the 18 when it was below the 175 and Vicky Verky when above. Didn't feel happy with that so added a couple of indicators to try and improve profits.

I'm looking forward to see what you do with your 13/100ema.

Cheers,

Typo - bed should say "bud"
Attached Image (click to enlarge)
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  • #569
  • Aug 5, 2008 7:32pm Aug 5, 2008 7:32pm
Quoting eirron
Wow, BWR, in my moments of madness between trading the Daily and watching Premier League, I trade my little 18LWMA/175LWMA on M15. These MAs are very similar to yours (if they are EMAs).

I went completely naked and sold when price closed above the 18 when it was below the 175 and Vicky Verky when above. Didn't feel happy with that so added a couple of indicators to try and improve profits.

I'm looking forward to see what you do with your 13/100ema.

Cheers,

Typo - bed should say "bud"
I've tried LWMA's but found that they are "notorious" in repainting. How do or did you get around this?
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  • #570
  • Aug 6, 2008 1:02pm Aug 6, 2008 1:02pm
Hello Ash,

As far as I know, my LWMAs are not "re-painting" other than moving as the price flicks up and down. Once the bar closes, its "firm".

182 pips yesterday and 103 today, so far.

Just changed the 175 LWMA to 100 EMA as it appears to be more responsive (which, being shorter, it should do).

Looking at the pros and cons of 13 EMA versus 18 LWMA for the same reason.
  • #571
  • Aug 6, 2008 1:41pm Aug 6, 2008 1:41pm
Quoting eirron
Hello Ash,

As far as I know, my LWMAs are not "re-painting" other than moving as the price flicks up and down. Once the bar closes, its "firm".

182 pips yesterday and 103 today, so far.

Just changed the 175 LWMA to 100 EMA as it appears to be more responsive (which, being shorter, it should do).

Looking at the pros and cons of 13 EMA versus 18 LWMA for the same reason.
Thanks for the prompt reply. A fellow trader and I have been developing some EA's and I will most deff. look at the LWMA's again.
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  • #572
  • Aug 7, 2008 2:00am Aug 7, 2008 2:00am
Quoting eirron
Hello Ash,

As far as I know, my LWMAs are not "re-painting" other than moving as the price flicks up and down. Once the bar closes, its "firm".

182 pips yesterday and 103 today, so far.

Just changed the 175 LWMA to 100 EMA as it appears to be more responsive (which, being shorter, it should do).

Looking at the pros and cons of 13 EMA versus 18 LWMA for the same reason.

I go with the EMA over the LWMA for one reason, the traders at the banks use EMA's and they are the ones pushing the price. Look at the 100 LWMA on any T.F, then look at the 100 EMA and you will see that price respects the EMA over the LWMA. A perfect example would be EURUSD daily T.F, sometimes the 100 EMA can be a trendline or a great time to buy or sell in any trend.
Just Trade It
  • #573
  • Aug 7, 2008 11:17am Aug 7, 2008 11:17am
Good point, BWR. Right now the EUR/USD is at the 200 ema - having blown through the 100 and 150 emas, will it finally respect the 200? Think so because the 200 ema is at huge long term support.

Get ready to load up the longs

Cheers.
  • #574
  • Edited 4:04pm Aug 7, 2008 3:22pm | Edited 4:04pm
Quoting Big Wave Rider
I go with the EMA over the LWMA for one reason, the traders at the banks use EMA's and they are the ones pushing the price. Look at the 100 LWMA on any T.F, then look at the 100 EMA and you will see that price respects the EMA over the LWMA. A perfect example would be EURUSD daily T.F, sometimes the 100 EMA can be a trendline or a great time to buy or sell in any trend.

Crazy Market.

I see Euro sitting on the 200 EMA. Lets what the coming days bring. We might be seeing sub 1.50, possiblt 1.48xx and then on the way back up. What are your opinions in regards to the markets?

I agree about the EMA v the LWMA's but I was only looking lowering TF's for scalping. Demo some trades today on the 15 min chart with some success. Will know more after a solid few weeks or month of demo. Will keep everyone updated.
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  • #575
  • Aug 7, 2008 3:35pm Aug 7, 2008 3:35pm
Quoting Ash
Crazy Market.

I see Euro sitting on the 100 EMA. Lets what the coming days bring. We might be seeing sub 1.50, possiblt 1.48xx and then on the way back up. What are your opinions in regards to the markets?
1.53 area is 5 months low. Hot hot hot area.
  • #576
  • Aug 7, 2008 3:47pm Aug 7, 2008 3:47pm
Quoting cesarnc
1.53 area is 5 months low. Hot hot hot area.
yes it is very low but this market has me wondering, $ strength every where. Dow was down which should have triggered the euro to rally but since oil was also down, the euro kept on flalling. if this keep up, i see heavy buying high 1.48xx and low 1.49xx area's. Let's see what happens.
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  • #577
  • Aug 7, 2008 4:03pm Aug 7, 2008 4:03pm
Hey Ash,

One of us has it wrong somehow but don't know who.

My 100ema on the Daily EUR/USD is at 1.5583

My 200 ema is at 1.5308, 2 pips off the current low

Please check yours and advise.

Cheers.
  • #578
  • Edited 4:07pm Aug 7, 2008 4:06pm | Edited 4:07pm
Quoting eirron
Hey Ash,

One of us has it wrong somehow but don't know who.

My 100ema on the Daily EUR/USD is at 1.5583

My 200 ema is at 1.5308, 2 pips off the current low

Please check yours and advise.

Cheers.
Thanks! I was thinking about that when I came back to make the correction. I've got about 11 metatraders running, hundreds of charts and trying to take care of other personal and business matters. My mind in not mine anymore.

Also, my 200 ema is at 1.5304 (due to differences in brokers)
Humble Lifetime Member
  • #579
  • Aug 7, 2008 4:08pm Aug 7, 2008 4:08pm
Quoting Ash
yes it is very low but this market has me wondering, $ strength every where. Dow was down which should have triggered the euro to rally but since oil was also down, the euro kept on flalling. if this keep up, i see heavy buying high 1.48xx and low 1.49xx area's. Let's see what happens.
I said hot area, not necessarily area to buy. Can be good price to buy now or it would be catching a falling knife.

Time to watch like a hawk
  • #580
  • Aug 7, 2008 4:15pm Aug 7, 2008 4:15pm
Quoting cesarnc
I said hot area, not necessarily area to buy. Can be good price to buy now or it would be catching a falling knife.

Time to watch like a hawk
Yes, indeed a very hot area, too hot for me to touch.
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