Simple 5 / 8 moving average crossover

Well I got in on the

BUY
EUR/GBP @ 7865

Lets see where this will go from here

Looks like it's up over 100 pips already... nice start

That big shoot up on the daily chart for the EUR/GBP happened while I was at work...

NEXT BUY ... EUR / CHF 1.6257 A WHEN?NOT KNOW ... TODAY... TOMORROW ...
FOR 50 PIPS...

WAIT...

EUR/CHF SELL 1.6107
WITH MA SIMPLE 5 / 8

Hey eagle (or anyone that wants to comment)

How do you work out a good place to exit one of these trades? is it just the MA's crossing back over?

I have been trading a very similar system for months now...

Does anyone have a reliable indicator indicator that does the following.
1. Allows for audible alert.

2. Allows for selection of various types of moving average

3. Allows you to specify alert within some range of the cross actually being made.

I trade on the 15 minute charts, and I have a nice indicator downloaded, but it normally is signaling too late. I'd like to use this to wake me up as signals start in the London session while I'm sleeping in the usa...est. Often on smaller 10-30 pip moves the current indicator isn't alerting till the move is half over, and i'm half awake. So I'd like to get alerted in anticipation of the actual cross to give myself 5-10 minutes of review time. Thanks for any help. I'm posting on this thread as it is obviously a group of people who are using ma crosses.

You might take a look at this Alert FX....... however on the TFs you are trading it would probably drive you crazy as would any other alert on such a short TF.

FRIEND,
I USE "DE MARK"

Slkosier,
I have red your messages.
Which Laguerre indicator do you use?
Can you post it here?
Thank you

Ok so what do you say how is the system now after all pages how many trades 5/8 close close and how many trades 5/8close open ??

how do you take profit especially you Peter ?


Also you Slkosier seems to have a great aprotsh but can you describe your strategy more ??


best regards

Hello. I really enjoy your theread. I'm trading using 3,5,8 MA. I'm also using stoch and RSI for confirmation. But generally I'm basing on MA. Today I entered 3 profitable EU longs @ .4770 .4810 and .4870
It's nicely working strategy which I really appreciate.
Maybe we can bring this theread to life and call some good entries. I will post my entries during friday's session on EU pair.

Mike

RumiPL,

Great to hear your success! Could you share how you trade this system...especially how you utilize the three EMA's?

How does your strategy fare on ranging markets?

Many thanks!

Whoops! Are you using SMA's or EMA's?

I will try do describe my strategy. Generally it's very simple. As it's known MA strategie's are not working during horisontal trends.
I'm using 3 MA's 3,5,8. I go long when 3 MA crosses from down 5 and 8 and go short when 8 crosses 3,5 from down.
For confirmation I'm also using stoch and RSI.
I'm using trailling stops. When my position is closed I'm waiting for another direction signal or I'm opening new position. That depends on current market situation.
How are you working on MA strategy?

Mike

P.S I'm using simple MA's

Pumbipl

What timeframe ?


and how long have u been trading this and what is your result?

also what setting on stch and RSI and how do u use them in your system ?

what is your traling stop target and what is your stopploss.

Many questions but me and i think some more really whant to know thanks for your share.


best regards

USDJPY- Short today.

Bought a size 4, hope its long downward trend.

Hello jgadefelth.

I'm day trader and I'm trading on 15 min and 30 min charts.
My stoch is set on 13,8,5 and it's working fine for me.
I got RSI set on 8 but I don't use it all the time.
I've trading this system for about a month and I earned 60% during that time.
Today's result 190 pip from 3 positions.
I use 20 pip stoploss while opening transaction and I'm using 20 pip trailling stop but I'm also keeping an eye on charts of course.
I'm still working on my system to make it more effective. Do you have any suggestions, I would be glad to hear more experienced traders.

I hope this helps.

Mike

Support @ 108.50 is beeing tested right now I think, let's see where is it going . I'm looking for entry signals on UJ but now I'm keepeng away from market.

Good luck to you.

Mike