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Easy Daily System

  • #1
  • First Post: Dec 30, 2008 11:13am Dec 30, 2008 11:13am
What do you think about this ???

Only 20 EMA on the daily chart.
The price break the EMA from under verse above is LONG signal STOP loss is "x" pips mine at the valor of the EMA.
Price break the EMA from above verse under is SHORT signal STOP loss is "x" pips plus at the valor of the EMA ("x" pips depends of the cross... )

When the trade go positive, the stop move at the valor of the EMA.

So simple and the risk is more more contained.
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  • #2
  • Dec 30, 2008 11:25am Dec 30, 2008 11:25am
Hi AlbyM,

interesting approach. How do you set the take profit?

I use a simmilar on 1h chart with the 50sma plus I take trendcontinuation and trendreversal to consideration.

I'm interested in reading more.

Best Regards
  • #3
  • Dec 30, 2008 11:52am Dec 30, 2008 11:52am
humm.. i'm stay studing when take profit... I think that now is only money management, becouse the sistem is to much easy and stupid

But i think that the risk is more more conteined. So i like trade with risk near at the zero

In my opinion trading is only management of the risk..
  • #4
  • Edited 1:14pm Dec 30, 2008 1:02pm | Edited 1:14pm
Hello !

Nice Strategie. Totally K.I.S.S....
You have some performance results from the last x month for us ?
What currency-pair do you prefer ?

Happy new year & a lot of success.
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  • #5
  • Dec 30, 2008 1:14pm Dec 30, 2008 1:14pm
Any re-entry rules or do you just enter position next day if above/below the EMA of the prior day close?
  • #6
  • Dec 30, 2008 2:26pm Dec 30, 2008 2:26pm
Quoting et_phonehome_2
Any re-entry rules or do you just enter position next day if above/below the EMA of the prior day close?
yes candel close abovebelow the EMA, and i enter.
  • #7
  • Dec 30, 2008 2:34pm Dec 30, 2008 2:34pm
Here is a similar system 88 cross method and for the stats you can click on the my journal 2008 link below.....
Same Whore .... Different Dress
  • #8
  • Dec 30, 2008 4:25pm Dec 30, 2008 4:25pm
Please could you explain clearer the SL?
Thanks
  • #9
  • Dec 30, 2008 5:53pm Dec 30, 2008 5:53pm
1. Entry is close above/below the EMA.

2. S/L = (Entry candle close - value of EMA) x2?

3. Move the stop to the value of the EMA when the trade goes positive?

4. TP is yet to be determined?

Do I have it correct?
  • #10
  • Dec 30, 2008 6:05pm Dec 30, 2008 6:05pm
TP is trailed daily. at least thats my method.
Same Whore .... Different Dress
  • #11
  • Dec 30, 2008 7:13pm Dec 30, 2008 7:13pm
Quoting AlbyM
humm.. i'm stay studing when take profit... I think that now is only money management, becouse the sistem is to much easy and stupid

But i think that the risk is more more conteined. So i like trade with risk near at the zero

In my opinion trading is only management of the risk..
Which pairs could one trade with this system?
  • #12
  • Dec 30, 2008 7:43pm Dec 30, 2008 7:43pm
Quoting johnedoe
Here is a similar system 88 cross method and for the stats you can click on the my journal 2008 link below.....

In your trading journal 2008 you are using enother system then 88 cross method, what system and what rules you are using in you journal?
  • #13
  • Dec 30, 2008 8:03pm Dec 30, 2008 8:03pm
Quoting qwerty777
In your trading journal 2008 you are using enother system then 88 cross method, what system and what rules you are using in you journal?
7 period WMA and 7 period SMA,
100 pip SL
200 pip TP
still the crossing of the MAs
Same Whore .... Different Dress
  • #14
  • Dec 30, 2008 8:15pm Dec 30, 2008 8:15pm
Quoting johnedoe
7 period WMA and 7 period SMA,
100 pip SL
200 pip TP
still the crossing of the MAs

In your journal you have almost every day one trade, ma crossing was every day????? OR I MISSING SOMTHING? or you trade many pairs??? (ONLY EURUSD IN HEAD OF THread)
  • #15
  • Dec 30, 2008 9:09pm Dec 30, 2008 9:09pm
new entry daily......
Same Whore .... Different Dress
  • #16
  • Dec 30, 2008 9:26pm Dec 30, 2008 9:26pm
Quoting johnedoe
new entry daily......

Iam not good speaking english trader, thats way i do not undestand you short answer, but its ok maybe you can write wider answer. If i understand right you trade on daily charts only ones a day, am i wrong?
  • #17
  • Dec 30, 2008 10:43pm Dec 30, 2008 10:43pm
Quoting AlbyM
What do you think about this ???

Only 20 EMA on the daily chart.
The price break the EMA from under verse above is LONG signal STOP loss is "x" pips mine at the valor of the EMA.
Price break the EMA from above verse under is SHORT signal STOP loss is "x" pips plus at the valor of the EMA ("x" pips depends of the cross... )

When the trade go positive, the stop move at the valor of the EMA.

So simple and the risk is more more contained.

Hi, nice simple system.

Do you open trades at begining of day candle? if not when.

Thanks
What you do is a reflection of you....what I do is a reflection of me.
  • #18
  • Dec 30, 2008 10:45pm Dec 30, 2008 10:45pm
quote=johnedoe;2443108]Here is a similar system 88 cross method and for the stats you can click on the my journal 2008 link below.....[/quote]

John, your system also sounds imnteresting and simple. Unfortunately, I don't know what WMA is and therefore cant set up the chart. If you don't mind more info would be useful.

Thanks
What you do is a reflection of you....what I do is a reflection of me.
  • #19
  • Dec 30, 2008 11:17pm Dec 30, 2008 11:17pm
Weighted Moving Average
Same Whore .... Different Dress
  • #20
  • Dec 30, 2008 11:30pm Dec 30, 2008 11:30pm
Quoting johnedoe
Weighted Moving Average
Thanks John, much appreciated, I hope there is a thred to follow and learn.

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
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