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Simple 5 / 8 moving average crossover

  • #741
  • Edited 7:44pm Sep 1, 2008 7:19pm | Edited 7:44pm
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Quoting jgadefelth
How do u trade what is your stopploss and what are your indicators is it just te emas 5/8 or more ? tell us little more about your trading ?


best regards
it is up to you if you want to trade lower TF's. I don't like staying at the computer and let the trades run on the Daily TF's. Some people think this is just too simplistic because thier is not a load of indicators. Personally I use the EMA crosover signal with 8 open and 5 close, look at support and resistance as well as candle patterns.. As Peter states it works well with trending pairs. This is a Pip machine which requires patience and holding trades for a period of time. So if you like to get in and out within a few minutes on lower time frames it might not be for you. But many are using on lower TF's with success. It is a matter of developing something that works for you. SIMPLE IS GOOD. SIMPLE CAN MAKE PIPS. THIS IS BOTH AND IT CERTAINLY MAKES PIPS. Trading less minimizes risk exposure and since it is off the daily does not get clobbered by the news as much. Look back over the setups on NZD/USD NZD/JPY GPB/USD GPB/JPY and you will see the potential for PIPS. Happy Trading! Peters first Post is as simple as it gets and explains the essence of it. YES it really is that simplistic.
  • #742
  • Sep 2, 2008 5:21am Sep 2, 2008 5:21am
Thanks pipsnagger for your post. Well i dont like a few minutes i like to have 1h or maybe so the wins most makes up for the spread and the losses that can be hard on lower timeframes than that also the hifgher timeframe the better trends (better formations of trends more even not so many super long bars and somthing like that). I like to work and sit in front of my computer all day if that is what it takes i loike to make the most of it but like i say the broker i use have a spread of 2 and 3 pips of thwe most common pairs and 7 or more for some. So i must make up for that. Also i thinking of how to close a trade in profit shall one have a target is that the best option or some indicator (that lags ) or some sort of pattern ?.


best regards
  • #743
  • Sep 12, 2008 6:42am Sep 12, 2008 6:42am
Is there a way to better see the cross i have some problems to see at what bar the cross is especially at ema 5close and ema 8open ??


best regards
  • #744
  • Sep 12, 2008 12:05pm Sep 12, 2008 12:05pm
See the 2nd post, there is an alert there.
  • #745
  • Sep 12, 2008 1:43pm Sep 12, 2008 1:43pm
thanks but it feels like it is one bar to slow ? after the cross of ema 5 close and ema 8open have accored it comes one bar after ?



best regards
  • #746
  • Sep 17, 2008 3:50am Sep 17, 2008 3:50am
Quoting Pipsnagger
Attachment

it is up to you if you want to trade lower TF's. I don't like staying at the computer and let the trades run on the Daily TF's. Some people think this is just too simplistic because thier is not a load of indicators. Personally I use the EMA crosover signal with 8 open and 5 close, look at support and resistance as well as candle patterns.. As Peter states it works well with trending pairs. This is a Pip machine which requires patience and holding trades for a period of time. So if you like to get in and out within a few minutes on lower time frames it might not be for you. But many are using on lower TF's with success. It is a matter of developing something that works for you. SIMPLE IS GOOD. SIMPLE CAN MAKE PIPS. THIS IS BOTH AND IT CERTAINLY MAKES PIPS. Trading less minimizes risk exposure and since it is off the daily does not get clobbered by the news as much. Look back over the setups on NZD/USD NZD/JPY GPB/USD GPB/JPY and you will see the potential for PIPS. Happy Trading! Peters first Post is as simple as it gets and explains the essence of it. YES it really is that simplistic.
You are 100% right on that..It can't get any mor simple than this...This is one of the best systems that I have found and have been usng it for a few years now..I won't use another system...
  • #747
  • Sep 17, 2008 5:02am Sep 17, 2008 5:02am
It looks verry good but im not sure i can use it on lower timeframes or on 4h i like to have a stoploss of 5pips or 10 it looks good when u look at the 4h bar but i think that the price gose up and down inside that bar make taking out my stoploss. I have a hard time investigating if thats the fact but i have looked at daily bars the price crosses the opening price several times and therefore make my outbreak strategy useless. Anyone know how it is about this ?


best regards
  • #748
  • Sep 19, 2008 11:18pm Sep 19, 2008 11:18pm
How did everyone do this week.. I finish with aroun 380pip... Not to bad for trading a few hours this week...just taking ti slow and not trying to make a trade happen just wait for the signals and go..
  • #749
  • Sep 20, 2008 6:05pm Sep 20, 2008 6:05pm
slkosier

that is verry impressing i cant see how u do it when i try and look at it sure thare are some winnings but often there are false signals that eating spreads and my stoploss is taking out what is your win / loose ratio and can u tell us little bit more about your system.


best regards
  • #750
  • Sep 21, 2008 8:31am Sep 21, 2008 8:31am
Quoting jgadefelth
slkosier

that is verry impressing i cant see how u do it when i try and look at it sure thare are some winnings but often there are false signals that eating spreads and my stoploss is taking out what is your win / loose ratio and can u tell us little bit more about your system.


best regards
Well on my EUR/USD chart I show a good cross on Sept. 17th 1400hr, Sept 18th 1600hr, Sept 19th 0900hr all for 100 pips or more... This week was all wins..

This is on the 1hour chart while waiting for a good cross on the 1day..
  • #751
  • Sep 21, 2008 4:33pm Sep 21, 2008 4:33pm
Cant find those crosses i 14.00 in metatrader or in your time i have gmt+1 im from sweden but i looking at 14.00 in metatrader i have tradeweiv forex as a provider of metatrader.


best regards
  • #752
  • Sep 21, 2008 4:51pm Sep 21, 2008 4:51pm
Quoting jgadefelth
Cant find those crosses i 14.00 in metatrader or in your time i have gmt+1 im from sweden but i looking at 14.00 in metatrader i have tradeweiv forex as a provider of metatrader.


best regards
I am using Oanda for a tradin platform right now..my time is set at GMT -5..Eastern Standard time
  • #753
  • Sep 21, 2008 5:01pm Sep 21, 2008 5:01pm
i want to ask u all, what time your platform will open for business?????croz avery platform have difference time of working hours...........
gemuk77
  • #754
  • Sep 21, 2008 5:03pm Sep 21, 2008 5:03pm
first position around 1.4196 on the close ?

how big stop do u use ?


best regards
  • #755
  • Sep 21, 2008 5:23pm Sep 21, 2008 5:23pm
Quoting jgadefelth
first position around 1.4196 on the close ?

how big stop do u use ?


best regards
Are you looking back a few days? an if so which day are you looking at Sept 17th?
  • #756
  • Sep 21, 2008 5:29pm Sep 21, 2008 5:29pm
yes the close of the bar at 14.00 the 17 sep is araond there did u buy it there ?


best regards
  • #757
  • Sep 21, 2008 5:35pm Sep 21, 2008 5:35pm
Quoting jgadefelth
yes the close of the bar at 14.00 the 17 sep is araond there did u buy it there ?


best regards
Yes thats around it..I got in at 1.4202...

I am going to try and start posting my trades to see if you all are seeing th same thing and see what you all think...
  • #758
  • Sep 21, 2008 5:41pm Sep 21, 2008 5:41pm
SLkosier,

I read all your post and it is very helpful. One question, when you see the cross, you buy on the open of next bar or you wait for certain price limit you set. Just trying to understand your entry logic after the cross.
what is the stop loss you set?
Please suggest
Quoting Slkosier
Yes thats around it..I got in at 1.4202...

I am going to try and start posting my trades to see if you all are seeing th same thing and see what you all think...
  • #759
  • Sep 21, 2008 5:52pm Sep 21, 2008 5:52pm
Thanks slkosier that would be werryhelpfull for me and others it is werry kind of you.

the first trade we are talking about i can only see it go up to 4269 after that it drops down heavy before it goes over 4269. You sad all you trades was winners for 100 pips or more how did you do with this one or are my software different here from yours in telling the price ?




best regards
  • #760
  • Sep 21, 2008 6:29pm Sep 21, 2008 6:29pm
Quoting jgadefelth
Thanks slkosier that would be werryhelpfull for me and others it is werry kind of you.

the first trade we are talking about i can only see it go up to 4269 after that it drops down heavy before it goes over 4269. You sad all you trades was winners for 100 pips or more how did you do with this one or are my software different here from yours in telling the price ?




best regards
From the trade I got in at 4402 it went up to 4384 before dropping down a bit..what time frame are you looking at? I am on the 1hr
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