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The art of Trading MAs

  • #741
  • Edited 5:39am Aug 14, 2008 4:28am | Edited 5:39am
Quoting kim00gibson


What would you do if M15 and H4 says over bought and H1 says "BUY"
Well if you think about it it means the H4 and 15m charts are trending and then the 1 hour signalling further movement in that direction.

Thats how I'd interpret it anyway, theres a great thread on here about using Multi timeframe stochs you should check it out: http://www.forexfactory.com/showthread.php?t=31790

Not to trade the method but just to learn how the stochs work togeather over different timeframes I dunno might help. It's all summed up on the first page of this link so no need to read an entire thread.!
Time hides Nothing
  • #742
  • Aug 14, 2008 7:53am Aug 14, 2008 7:53am
Hello All,

I saw setup on EUR/USD 1 Hr TF, Candle closed already below Lower Green, EMA closed UP, & Stoch heading UP.

Entered LONG at price 1.4943.

T.A.Y.O.R...

Good Luck...
Attached Image (click to enlarge)
Click to Enlarge Name: EU 1 Hr (14Aug08).PNG Size: 50 KB
  • #743
  • Aug 14, 2008 8:16am Aug 14, 2008 8:16am
This currency pair was very volatile because of news at the time of entry. Use extreme caution when trading around the news. I hope this trade goes your way.
  • #744
  • Edited 5:42pm Aug 14, 2008 11:18am | Edited 5:42pm
Quoting atuque1
Hello All,

I saw setup on EUR/USD 1 Hr TF, Candle closed already below Lower Green, EMA closed UP, & Stoch heading UP.

Entered LONG at price 1.4943.

T.A.Y.O.R...

Good Luck...
Loss on this (-103pips)... Should not go for BUY, price still below EMA50!!! Ranging prices... Bad Trade!!!

____________________________________________________________________________________________


Another setup for GU 1 Hr, Signal for SELL.
Enter SHORT at 1.8693.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1 Hr (15Aug08).PNG Size: 34 KB
  • #745
  • Aug 14, 2008 6:43pm Aug 14, 2008 6:43pm
Quoting atuque1
Loss on this (-103pips)... Should not go for BUY, price still below EMA50!!! Ranging prices... Bad Trade!!!

____________________________________________________________________________________________


Another setup for GU 1 Hr, Signal for SELL.
Enter SHORT at 1.8693.
I got in the same trade at 1.8677.

I got out with 17 pips+. Price will be ranging in Jap and Eur market today. It's a holiday over there. I might trade in the U.S. market but it's Friday.

I might play soccer or something lol
Freedom of Time, Location and Money
  • #746
  • Aug 14, 2008 7:32pm Aug 14, 2008 7:32pm
Thank you Kim,Atuque & Cindy for TP setting. Now I know how to set TP.

Pete
  • #747
  • Aug 14, 2008 8:25pm Aug 14, 2008 8:25pm
pete.alfa

Can you tell us more in details on your understanding of the TP setting in this system? thanks
  • #748
  • Aug 15, 2008 12:30am Aug 15, 2008 12:30am
Quoting CindyXXXX
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.
Hi quicker,

I'm going to follow this TP setting, I think it's logic & easy to do

Thanks Cindy for TP info & also thanks for multi timeframe stochs your post#741. It's very very good info.

Pete.
  • #749
  • Aug 15, 2008 2:00am Aug 15, 2008 2:00am
NO worries - may it serve you well - I've found the 4 hr trend line used for targets when i'm trading off a 4 hr 1 hour 15 and 5 minute chart to be one of the best guides as it often hits it to the pip before reversing.

To draw them properly just read the chart from right to left and use the latest two swing points to draw them on..
Time hides Nothing
  • #750
  • Aug 15, 2008 2:10am Aug 15, 2008 2:10am
Quoting atuque1
Loss on this (-103pips)... Should not go for BUY, price still below EMA50!!! Ranging prices... Bad Trade!!!

____________________________________________________________________________________________


Another setup for GU 1 Hr, Signal for SELL.
Enter SHORT at 1.8693.

TP Hit at 1.8600 (+93 pips). That TP I set at the opposite Green Line (lower green).
  • #751
  • Aug 15, 2008 2:21am Aug 15, 2008 2:21am
Hello All,

I saw setup for sell on GBP/CHF 1 Hr (also on 4 Hr - without EMA cross).

I entered Short at price 2.0387.

T.A.Y.O.R.

Good Luck for me too...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF 1 Hr (15Aug08).PNG Size: 53 KB
  • #752
  • Aug 15, 2008 2:27am Aug 15, 2008 2:27am
Nice one Antuque.
Time hides Nothing
  • #753
  • Aug 15, 2008 3:00am Aug 15, 2008 3:00am
Quoting CindyXXXX
Nice one Antuque.
Thanks Cindy, I will keep posting my trades. We can share our experiences on any trade we made with the Setups.

I have not see your trade yet, Cindy?

**BTW, It's ATUQUE... not ANTUQUE... **
  • #754
  • Aug 15, 2008 3:46am Aug 15, 2008 3:46am
Quoting atuque1
Hello All,

I saw setup for sell on GBP/CHF 1 Hr (also on 4 Hr - without EMA cross).

I entered Short at price 2.0387.

T.A.Y.O.R.

Good Luck for me too...
I took the same trade and I saw the setup on GBPCHF. I went long 0.7942.


Let me know what is your T/P for this trade. Mine is 2.0280 or EMA cross.
Freedom of Time, Location and Money
  • #755
  • Aug 15, 2008 5:51am Aug 15, 2008 5:51am
Quoting atuque1
Thanks Cindy, I will keep posting my trades. We can share our experiences on any trade we made with the Setups.

I have not see your trade yet, Cindy?

**BTW, It's ATUQUE... not ANTUQUE... **
OOPs sorry Atuque how long have I been doing that - I think after all this chart watching I might need some glasses! :nerd:

Anyway sorry haven't been posting any trades lately to be honest I haven't been actively trading this method and so feel the need to leave the advices etc to the people that do, Atuque in particular. I still like to follow this thread everyday though.

BTW I learnt a new thing for MT4 you may or may not know that you guys might find useful - You can set the platform with an Alarm if a certain price level is hit...

Just go to "terminal" and in the window at the bottom there is a tab called "Alarm" click on that and then right click in the white space and go to "create" and then you can make a new alarm...

Keep up the good work. Glad that this thread is still alive despite Endroutes departure.

Heres one I just saw on EUR/JPY ... Will see how it goes
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 22 KB
Time hides Nothing
  • #756
  • Aug 15, 2008 6:47am Aug 15, 2008 6:47am
I lost on GBPCHF trade.

EURGBP is about to hit my stop.

Oh well....
Freedom of Time, Location and Money
  • #757
  • Aug 15, 2008 7:29am Aug 15, 2008 7:29am
This JB COG seems like a messed up bollinger band. I still like the original. Price is always outside one way or another with the JBCOG. Unless I'm doing something wrong.

RWX
  • #758
  • Aug 15, 2008 9:19am Aug 15, 2008 9:19am
Quoting kim00gibson
I lost on GBPCHF trade.

EURGBP is about to hit my stop.

Oh well....
Sorry for your loss... I am still in the trade GBPCHF. This time I don't put SL, because the EMA 5 & 13 are touching the EMA50, will have a lot of spikes on prices, & another thing, today is Friday...
Anyhow, my TP set is 2.0347... if doesn't look good, might close earlier at BE or small loss or small profit... will keep monitor till go to bed...
  • #759
  • Aug 15, 2008 12:44pm Aug 15, 2008 12:44pm
Just remember chaps losses are just part of this game - try and cut them short is my advice
Time hides Nothing
  • #760
  • Aug 15, 2008 11:08pm Aug 15, 2008 11:08pm
Yesterday, I should stay away from the market... not much happenning on my trade (G/CHF), & very bad that I fall asleep with my trade still floating (on red -50), then the market ended....

Hope the day start on my favour (the worst case scenario, I will lose 50pips).
& I hope nobody followed my entry yesterday...
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