Fib 4Hour MTF Moving Average | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MTF moving average (price touch or nearby) alert 9 replies

MTF Moving Average 22 replies

Simple Moving Average Vs. Moving Average? 8 replies

MTF Moving Average 3 replies

Moving average MTF table 2 replies

Attachments: Fib 4Hour MTF Moving Average
Exit Attachments

Fib 4Hour MTF Moving Average

  • #181
  • Feb 2, 2009 8:05pm Feb 2, 2009 8:05pm
Quoting golferfx
Euro trade hit TP at .2750...540 pips...now we wait for a good pull back and do it again.

I think we will see a good set up later this week.

golferfx
Nice JOb golferfx keep it up
  • #182
  • Feb 2, 2009 8:44pm Feb 2, 2009 8:44pm
Quoting robby2007
Your fib should be pulled form around 60.95, it is too small but i see it worked anyway
Hi robby2007,

Thanks for your reply, much appreciated.

Closed out positions as below


Cheers Doubletop.
Attached Image (click to enlarge)
Click to Enlarge Name: closed_out.gif Size: 43 KB
  • #183
  • Feb 2, 2009 9:08pm Feb 2, 2009 9:08pm
Quoting AndsX
Hi,

Robby is the fib drawn correct?
NO!, you should have pulled your fib at around 1.31700 where was the last pullback
  • #184
  • Feb 2, 2009 9:10pm Feb 2, 2009 9:10pm
Quoting doubletop
Hi robby2007,

Thanks for your reply, much appreciated.

Closed out positions as below


Cheers Doubletop.
GREAT JOB!! keep it up
  • #185
  • Feb 2, 2009 9:22pm Feb 2, 2009 9:22pm
Quoting robby2007
GREAT JOB!! keep it up
do u think trading every pair is a good hedge stgy.
  • #186
  • Feb 2, 2009 9:30pm Feb 2, 2009 9:30pm
Quoting kareem
do u think trading every pair is a good hedge stgy.
I guess that need a little study on which pairs hedge others, i am not into that as it is too complicated, find a couple of pairs that suits you and trade those, get to know the pairs and it will become easier and easier to trade them
  • #187
  • Feb 2, 2009 9:35pm Feb 2, 2009 9:35pm
Quoting robby2007
I guess that need a little study on which pairs hedge others, i am not into that as it is too complicated, find a couple of pairs that suits you and trade those, get to know the pairs and it will become easier and easier to trade them
i like gbp/jpy gup/usd eur/gbp i think with those u get a little taste of every thing
  • #188
  • Feb 2, 2009 9:56pm Feb 2, 2009 9:56pm
Took a trade on EURJPY and AUDCAD. Will keep posted on the results.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCAD.jpg Size: 100 KB
Click to Enlarge Name: EURJPY.jpg Size: 103 KB
  • #189
  • Feb 3, 2009 1:20am Feb 3, 2009 1:20am
I don't use MT4, so I was wondering what other people are using for the moving average indicator. I am using AccuCharts with FxSolutions. Do you think a 200 EMA would be good? Or any suggestions for 15 min and 1 our charts?

Thanks for any advice..

Scott
  • #190
  • Feb 3, 2009 2:11am Feb 3, 2009 2:11am
Quoting slc12312
I don't use MT4, so I was wondering what other people are using for the moving average indicator. I am using AccuCharts with FxSolutions. Do you think a 200 EMA would be good? Or any suggestions for 15 min and 1 our charts?

Thanks for any advice..

Scott
Use a MT4 demo, and enter the trades on your FXsol
  • #191
  • Feb 3, 2009 4:43am Feb 3, 2009 4:43am
Hello people, these is the statement for the current month:

- GBP/USD [email protected] currently open +51
- EUR/USD [email protected] TP +62
- EUR/USD [email protected] TS Hit +14
- EUR/JPY [email protected] TS Hit +51
- USD/CHF [email protected] currently open +46

So in case of closing everything that is currently open we have a total of +224 net pips in 2 days trade, i hope you guys are following the method, i myself am amazed, and i would really like you guys are making money also, this is the only reason of this thread, i have lost a lot of money trading forex i mean "A LOT", and since i am doing this method i just see the + sign.
God bless you all, and may the pips be with you

PS: Those who think this method is good enough, please rate the thread so other people get interest and read it. THX
  • #192
  • Feb 3, 2009 4:56am Feb 3, 2009 4:56am
Quoting robby2007
Hello people, these is the statement for the current month:

- GBP/USD [email protected] currently open +51
- EUR/USD [email protected] TP +62
- EUR/USD [email protected] TS Hit +14
- EUR/JPY [email protected] TS Hit +51
- USD/CHF [email protected] currently open +46

So in case of closing everything that is currently open we have a total of +224 net pips in 2 days trade, i hope you guys are following the method, i myself am amazed, and i would really like you guys are making money also, this is the only reason of this thread, i have lost a lot of money trading forex i mean "A...
Robby,

Could you please eloborate more on your TP? I had open EUR/USD same as yours(+-) but i had put a TP at the 0% Fibo which is 1.2706 with a TS=75pips. But i got stop by the TS and manage only to get 6pips. Do tell how you determine the TP.

JL
  • #193
  • Feb 3, 2009 5:23am Feb 3, 2009 5:23am
Quoting joelabu
Robby,

Could you please eloborate more on your TP? I had open EUR/USD same as yours(+-) but i had put a TP at the 0% Fibo which is 1.2706 with a TS=75pips. But i got stop by the TS and manage only to get 6pips. Do tell how you determine the TP.

JL
Hi Joel, i really don´t know where to take profits, but i have an idea, if for people who can trade at least 0.2 lot, i am testing an EA that manages opened trades this thing can close partial lots of your trades at certain designated user defined areas, i think slould be good to take half of the position at +50, move to BE and let the rest of the trade run with a 100 TS, but this is under testing conditions yet, i will let you know when i make a desition, regards
Robby
  • #194
  • Feb 3, 2009 7:58am Feb 3, 2009 7:58am
Quoting robby2007
Hello people, these is the statement for the current month:

- GBP/USD [email protected] currently open +51
- EUR/USD [email protected] TP +62
- EUR/USD [email protected] TS Hit +14
- EUR/JPY [email protected] TS Hit +51
- USD/CHF [email protected] currently open +46

So in case of closing everything that is currently open we have a total of +224 net pips in 2 days trade, i hope you guys are following the method, i myself am amazed, and i would really like you guys are making money also, this is the only reason of this thread, i have lost a lot of money trading forex i mean "A...

yup we'r all following along robby, have a lil trouble getting the fibs correctly but following you posts were you point out the correct method of drawing the fibs. still on demo with this trchnique but i think practice makes perfect

thanks again for sharing your expertise much appreciated
  • #195
  • Feb 3, 2009 10:46am Feb 3, 2009 10:46am
Quoting robby2007
Use a MT4 demo, and enter the trades on your FXsol
Robby, the only demo I found for MT4 was with IBFX, and unfortunatly IBFX is blocked at my work site (the blocking software for some reason classifies it as porn . . . can you believe that?).

I can follow at home with MT4, but not at work. That is why is was wondering about AccuCharts, they are not blocked.
  • #196
  • Feb 3, 2009 12:23pm Feb 3, 2009 12:23pm
Quoting slc12312
Robby, the only demo I found for MT4 was with IBFX, and unfortunatly IBFX is blocked at my work site (the blocking software for some reason classifies it as porn . . . can you believe that?).

I can follow at home with MT4, but not at work. That is why is was wondering about AccuCharts, they are not blocked.
Ok i did a little research for you and this is your solution:

Apply a Moving average 150, Method Smoothed, apply it to close, that´s it slc, the onlly problem with that is it only works on the 4H chart, if you change timeframe it doesn´t display correctly, so use it on the 4H, just to see the daily trend, regards
Robby
  • #197
  • Feb 3, 2009 6:05pm Feb 3, 2009 6:05pm
Quoting robby2007
Ok i did a little research for you and this is your solution:

Apply a Moving average 150, Method Smoothed, apply it to close, that´s it slc, the onlly problem with that is it only works on the 4H chart, if you change timeframe it doesn´t display correctly, so use it on the 4H, just to see the daily trend, regards
Robby
i'm demoing, trading 3lots & 1lot at 38 & 3lots & 1lot at 68,100 TS ON EACH TRYING TO TRADE IT LIKE A HEDGE FUND,SEEN FEEDBACK
  • #198
  • Edited Feb 4, 2009 1:26am Feb 3, 2009 7:37pm | Edited Feb 4, 2009 1:26am
hi robby,

Had you ever faced such situation.

When the price moved down with no retracement.
When it start to retrace to 38.2%. You make a sell.
However, the price continue to move up and hit 61.8%.
You now loss 1 trade. Nevertheless, the sell order is make on the
61.8% with a stoploss of 100pips.

The price start to move down by not much and consolidate and start to continue move up and hit your stoploss. You now has 2 loss trades.

Assuming your early post. There is a trend change. I now need to change my
fib point and should not be using the previous fib for down trend. My fib is now on the two extreme up movement. I am starting and waiting for a retracement and make a buy at 31.8%. Hmm, now the price then start to move down and repeat and follow the previous scenario. Making it a consecutive 4 loss trades.

Had you ever happen before? The profit taking is very subjective and if i would to be hit by thses scenario. Is it still recovery


regards
  • #199
  • Edited 9:16pm Feb 3, 2009 8:11pm | Edited 9:16pm
Robby
I loaded the moving indicator file into the platform. When activated, it doesn't look like any moving average I have seen. Any ideas what the settings should be?

I would post a picture of it so you could see, but I don't know how to do that.

Lastly, doesn't it look like a good set-up on the EUR/USD. I am in on that on for a short.

Just saw the settings in the original post, sorry for the oversight, I'll double check them. Okay, did that and changed the second setting to 50 and all is well.
  • #200
  • Feb 3, 2009 9:47pm Feb 3, 2009 9:47pm
Bad day so far. Let's see how it goes by the end of day

Closed Trades
Sell AUDCAD (38.2) -120pips
Buy USDCHF(38.2) -70pips
Buy USDCHF (61.8) -100pips

Trades in
Sell AUDCAD (61.8) +60pips
Sell AUDUSD (38.2) -50pips
Sell EURUSD (38.2) -70pips
Sell NZDUSD (38.2) -5pips
Sell EURJPY (38.2) -93pips

Total current : -448 pips
0 traders viewing now