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The art of Trading MAs

  • #721
  • Aug 12, 2008 11:02am Aug 12, 2008 11:02am
Quoting atuque1
TS hit at 163.83 (+9 pips only)...

Since the setup is still valid, reentered Short at 163.71 with TS 25 pips & TP set at 162.85.

Good Luck
AAhhhh... TS hit again, with only +4 pips!!! (total +13pips on EJ)...

Before that, entered Short on EU at 1.4884. Set TP at 1.4844 (the blue line).
Going to sleep now....
  • #722
  • Aug 12, 2008 11:04am Aug 12, 2008 11:04am
Quoting atuque1
AAhhhh... TS hit again, with only +4 pips!!! (total +13pips on EJ)...

Before that, entered Short on EU at 1.4884. Set TP at 1.4844 (the blue line).
Going to sleep now....
Hey. Do you follow endroute's rules and which timeframe do you trade on?
  • #723
  • Aug 12, 2008 5:58pm Aug 12, 2008 5:58pm
Quoting atuque1
AAhhhh... TS hit again, with only +4 pips!!! (total +13pips on EJ)...

Before that, entered Short on EU at 1.4884. Set TP at 1.4844 (the blue line).
Going to sleep now....
I think we need to figure out the exit strategy. I usually get out too early not waiting for EMA cross happens which the original system said.


I would make so much more if my exit strategy is better.


I saw the setup in USDJPY but I didn't take it...


Another thing I noticed is that EMA cross Alert repaints. It's more like sometimes arrow disappear.... if you look at UJ on H1 frame. You see the green crosses right next to. There was a red arrow down.


I know it because I took the trade lol
Freedom of Time, Location and Money
  • #724
  • Aug 12, 2008 8:07pm Aug 12, 2008 8:07pm
i always open two positions but divide the quantity....one say TP for about 40 pips and one always let it free without TS until ema cross.......u can make it ur way guys.......

ps: sorry for my poor english.....
  • #725
  • Aug 12, 2008 10:47pm Aug 12, 2008 10:47pm
Quoting atuque1
AAhhhh... TS hit again, with only +4 pips!!! (total +13pips on EJ)...

Before that, entered Short on EU at 1.4884. Set TP at 1.4844 (the blue line).
Going to sleep now....
So worried on my EU trade.... Still floating on red, & I am at work, looking at the chart on diff platform.

After EMA crossed last night, just go sideways.... damn, shouldn't trade that last night (maybe my eyes too sleepy & wrong timing for the entry... setup was there already)...
Hope that the price on EUR will drop again...
  • #726
  • Aug 13, 2008 2:44am Aug 13, 2008 2:44am
Quoting atuque1
So worried on my EU trade.... Still floating on red, & I am at work, looking at the chart on diff platform.

After EMA crossed last night, just go sideways.... damn, shouldn't trade that last night (maybe my eyes too sleepy & wrong timing for the entry... setup was there already)...
Hope that the price on EUR will drop again...
I didn't see the signal yesterday on EU...

What time frame are you looking at?
Freedom of Time, Location and Money
  • #727
  • Edited 6:26am Aug 13, 2008 5:20am | Edited 6:26am
Quoting kim00gibson
I didn't see the signal yesterday on EU...

What time frame are you looking at?
The EU, I think already touched my SL (at 1.4968) because I am still in office... cannot see my trades, only can see other platform.

I looked at 1 Hr TF yesterday, the candles closed above top green, & already going down passing the EMA, but that's where I made mistake... EMA's have not crossed yet !!.

I should not enter that trade. I lost -84 pips from yesterday's EU trade...
  • #728
  • Aug 13, 2008 6:30am Aug 13, 2008 6:30am
Came back from office.

See the signal for sell on AUD/USD (at the office, saw the trend already, but need to confirm with COG).

So, I Shorted on AUD/USD at 0.8676

T.A.Y.O.R
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  • #729
  • Aug 13, 2008 9:58am Aug 13, 2008 9:58am
Quoting atuque1
Came back from office.

See the signal for sell on AUD/USD (at the office, saw the trend already, but need to confirm with COG).

So, I Shorted twice on AUD/USD at 0.8676 (TS 15 pips)

T.A.Y.O.R
Just now, the price has gone back up (retrace) to max of 0.8723.... So, when bearish again, at 16:01 enter Short again with double the size at 0.8711 (set TS 25pips)

Then first 2 trades hit TS at 0.8658 (2x 18pips = 36 pips).
Then 3rd trade hit TS as well at 0.8666 (with +45 pips, total +90pips).

So, total pips I got was +126pips (cover back my loss this evening).
  • #730
  • Aug 13, 2008 10:20am Aug 13, 2008 10:20am
Wow can you believe the ozzie is only buying 86 US cents. What a drop. All I can say is it's gonna be a fun ride back up. Seems like only yesterday we were near equal to the US dollar but look back at August last year the EXACT same thing happened. August is a crazy trime to trade with the Big money in Europe going on holidays and creating these mega thin markets.

Things should return to normal come September after the US labour day. All I can say is WOW
Time hides Nothing
  • #731
  • Aug 13, 2008 11:56am Aug 13, 2008 11:56am
I took usd/chf short at 1.0843. EMA cross at green line. TP at 1.0817 which is the other side of the green line. gl
  • #732
  • Aug 13, 2008 12:10pm Aug 13, 2008 12:10pm
I shouldn't try to second guess myself. Yesterday there was a decent setup (not perfect) on the 4H for EUR/GBP. But I was unsure about it, so I exited after a few hours at break even. Today, that trade would be up 130 pips! Well, you can't win em all... I did catch the sell trade on JPY and am still in that trade, will stay until the M/A crosses again.
Disregard all prognostications.
  • #733
  • Aug 13, 2008 12:14pm Aug 13, 2008 12:14pm
Quoting Pidgeon
I shouldn't try to second guess myself. Yesterday there was a decent setup (not perfect) on the 4H for EUR/GBP. But I was unsure about it, so I exited after a few hours at break even. Today, that trade would be up 130 pips! Well, you can't win em all... I did catch the sell trade on JPY and am still in that trade, will stay until the M/A crosses again.
Yea that has happened to me b4. It feels like a loss after getting out and seeing it later go your way. But like you said can't win them all. Did the 5 ema go against you on that one? Maybe you should have waited for it to go the other way b4 getting out.
  • #734
  • Aug 13, 2008 5:06pm Aug 13, 2008 5:06pm
Quoting atuque1
Just now, the price has gone back up (retrace) to max of 0.8723.... So, when bearish again, at 16:01 enter Short again with double the size at 0.8711 (set TS 25pips)

Then first 2 trades hit TS at 0.8658 (2x 18pips = 36 pips).
Then 3rd trade hit TS as well at 0.8666 (with +45 pips, total +90pips).

So, total pips I got was +126pips (cover back my loss this evening).

What was your TS...


I lost -70 on that AUDUSD trade.... I didn't want to sleep now lol
Freedom of Time, Location and Money
  • #735
  • Aug 13, 2008 8:26pm Aug 13, 2008 8:26pm
Quoting kim00gibson
I got stopped out on EURCHF.

There is NO SYSTEM, you can win 100%.

RISK vs REWARD ratio is the key to success.

I also went short on UJ... I'll see what this one does.
Hi Kim,

What method are you using to set TP to work out Risk:Reward ratio?

Thanks,

Pete.
  • #736
  • Aug 13, 2008 8:49pm Aug 13, 2008 8:49pm
Quoting pete.alfa
Hi Kim,

What method are you using to set TP to work out Risk:Reward ratio?

Thanks,

Pete.

Setting TP is VERY HARD decision. it's harder than the entry I think.

I usually use pivot point or green lines. I decided depend on looking on 4H.

BUT. I lost a lot yesterday because of not setting TS...



SO just like I said.. IT"S SO HARD TO SET TP
Freedom of Time, Location and Money
  • #737
  • Aug 14, 2008 12:55am Aug 14, 2008 12:55am
Quoting kim00gibson
What was your TS...


I lost -70 on that AUDUSD trade.... I didn't want to sleep now lol
Normally, if I monitor the trades, I will put TS 25-30pips in quite volatile market (normally EJ & GJ, & pairs with CHF); TS 25 pips on AUD/USD, EU & GU; & TS 15 pips on slower pairs.

Last nite, the AUD/USD setup was good at beginning & went into my favour, then after it hit my TS (with +126pips on 3 entries), the price shot Up.... May be caused by news on US Business Inventories...
  • #738
  • Aug 14, 2008 1:06am Aug 14, 2008 1:06am
Quoting kim00gibson
Setting TP is VERY HARD decision. it's harder than the entry I think.

I usually use pivot point or green lines. I decided depend on looking on 4H.

BUT. I lost a lot yesterday because of not setting TS...



SO just like I said.. IT"S SO HARD TO SET TP
It is hard to set TP....
As for me, I will set TP at the opposite Green Line or Blue Line at time of entry.... If I am not confident, I will just put 25pips TP.
  • #739
  • Aug 14, 2008 2:55am Aug 14, 2008 2:55am
Using support and resistance points is also a good guide... Like for example if you are targeting the opposite green line but the 4hr trend line is just before it then obviously the trend line is the place for your TP. Also watch the momentum of the trade if it's moving along powerfully then let it ride. If it seems to be struggling close it earlier.
Time hides Nothing
  • #740
  • Aug 14, 2008 3:17am Aug 14, 2008 3:17am
Thanks for great posts from experienced traders.

I usually look only H1 for the signals.


What would you do if M15 and H4 says over bought and H1 says "BUY"

You can see it on EURCHF setup right now.



BTW EUR news is on the way. so you might wanna wait for that.
Freedom of Time, Location and Money
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