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1 MA 1 TF my humble system

  • #21
  • Jul 12, 2009 7:56pm Jul 12, 2009 7:56pm
I missed the cross for EJ this morning while concentrating on EU (would be up 35pips if entered at what I suggested on Fri). else it will be enter around 129.05 and current price is 129.85.

Surprisingly GJ breakout takes longer to cross the 250EMA, missing the large move of EJ. Currently up 35pips only though.
  • #22
  • Jul 13, 2009 3:09am Jul 13, 2009 3:09am
Looks nice and simple .. All the best!
Any idiot can take profit, real traders know how to take losses!
  • #23
  • Jul 13, 2009 3:13am Jul 13, 2009 3:13am
Quoting yuan83
I missed the cross for EJ this morning while concentrating on EU (would be up 35pips if entered at what I suggested on Fri). else it will be enter around 129.05 and current price is 129.85.

Surprisingly GJ breakout takes longer to cross the 250EMA, missing the large move of EJ. Currently up 35pips only though.
Sorry that GJ go down, past the 250EMA then all the way down. Whipsaws do occur.
Maybe a question to consider is whether to enter in the opposite direction, when you get SL.

I realised sth was not right when GU did not cross the 250EMA but found resistance there. Guess this system can't be totally mechanical, must still know how to run when sth is wrong....anw EU just cross the line
  • #24
  • Aug 19, 2009 10:09am Aug 19, 2009 10:09am
after a long absence, from posting this but not using, i m back to slowly test this system.

a still on take, didn't took it cos i was on some similar trade. found support at 250EMA. and up it goes. with a TS of 50pips as put previously, would have net at least 70 pips now.
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  • #25
  • Aug 19, 2009 10:58am Aug 19, 2009 10:58am
EJ trade

enter 133.40. at time of post up 37 pips
SL 75 pips, 60 pips TS
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  • #26
  • Aug 21, 2009 5:25am Aug 21, 2009 5:25am
Quoting yuan83
EJ trade

enter 133.40. at time of post up 37 pips
SL 75 pips, 60 pips TS

close trade at 5 2 pips profit when market stop moving.
  • #27
  • Aug 21, 2009 5:27am Aug 21, 2009 5:27am
took another trade when EJ goes over 250EMA

enter at 134.00, up 41 pips for now. nice support of the pair on 250EMA somemore
  • #28
  • Aug 21, 2009 10:08am Aug 21, 2009 10:08am
Quoting yuan83
took another trade when EJ goes over 250EMA

enter at 134.00, up 41 pips for now. nice support of the pair on 250EMA somemore
close at BE. when it move down...

found support on 250EMA. long again at same price. news cause it to move 112 pips now
  • #29
  • Aug 21, 2009 10:22am Aug 21, 2009 10:22am
Quoting toshi
Hey man,

I agree that's about as "simple" as you can get. 1 MA, 1 TF and all mechanical.

Now, I've been doing this a while and I'd like to share something.
It's strictly an opinion based on what I feel comes from experience.

And here it is: We are all market students

Even the so called pros who, in great number over the past year, summarily had their head handed to them.
Many accounts down 20, 30, 40 percent. And these are professional money managers.
They have staff and HUGE amounts of capital and extremely complex and sophisticated...
Fantastic Post Toshi!

so so true.

ATM like the thread starter I moved back to 1 time frame with two EMAs could not be happier.

Complicated methods work for a while then they just stop, well that happened to me.



Good stuff yuan83 hope it works out for u.
  • #30
  • Aug 21, 2009 11:02am Aug 21, 2009 11:02am
Quoting >Apocalypto<
Fantastic Post Toshi!

so so true.

ATM like the thread starter I moved back to 1 time frame with two EMAs could not be happier.

Complicated methods work for a while then they just stop, well that happened to me.



Good stuff yuan83 hope it works out for u.
thanks. there is still some decision making, especially about conflicting decision when some pairs face support at the EMA while other similar pair just go past the MA.
  • #31
  • Aug 21, 2009 11:07am Aug 21, 2009 11:07am
Quoting yuan83
thanks. there is still some decision making, especially about conflicting decision when some pairs face support at the EMA while other similar pair just go past the MA.
keep observing and stick to your rules.

all takes time to get down pat
  • #32
  • Edited 1:47am Aug 24, 2009 1:22am | Edited 1:47am
WOW! You have a good system there Yuan.
  • #33
  • Aug 24, 2009 5:54am Aug 24, 2009 5:54am
Quoting xeneric
WOW! You have a good system there Yuan.


ah shucks, my reply got lost.. anw thanks alot for the comments. but i dun really think so, still alot of filtering to do. i mean, how much can u trust with just 1 line? it's no holy grail...

e big dilemma i face is like if GU past line, EU found support. shd i short n long respectively? if it's dollar strong, EU will found itself down later. thinking of using various pairs as filtering, that is like having both pairs (or more) crossing the line before entering. that however wun be that perfect also. might be enter late, though more filtering also.

yup so need more testing. it wun be easy
  • #34
  • Aug 24, 2009 2:32pm Aug 24, 2009 2:32pm
hope you dont mind me suggesting ideas on your thread. i find the use of 55ema and 21ema might be good to implement into your system as i often use 21's angle to strength of trend and 55 as support and resistence. hope it helps.

good trading
  • #35
  • Aug 24, 2009 8:04pm Aug 24, 2009 8:04pm
Quoting Hoifai
hope you dont mind me suggesting ideas on your thread. i find the use of 55ema and 21ema might be good to implement into your system as i often use 21's angle to strength of trend and 55 as support and resistence. hope it helps.

good trading
hi thanks alot for ur suggestion. Hmm do u use for m5 also? how do u use the 55 as S/R? thanks
  • #36
  • Aug 25, 2009 6:23am Aug 25, 2009 6:23am
i usually use either 15min or 30min. it suit my life style better as theres less stress involve and usually SL of about 20 pips is sufficient. on the chart since its created a higher low, i am being cautious as it either waiting the ema to catch up or we might see some retracement.

regards good trading
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  • #37
  • Aug 25, 2009 6:41am Aug 25, 2009 6:41am
looks like its forming a triangle at the moment, good chance to scalp either way. i presume there will be a break out related to the 3:00 consumer confidence news. how's everyone else looking at it, any idea?
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  • #38
  • Sep 26, 2009 11:13am Sep 26, 2009 11:13am
hm.. spent tons of money attending courses and learning all sorts of indicator but didnt know trading can be so simple.. but though it looks simple, i guess lots of experience are required to be profitable long term..

yuan83, im from sg too.. care to pm me ur msn add so we can chat online?

cheers!
  • #39
  • Last Post: Sep 27, 2009 10:44am Sep 27, 2009 10:44am
Quoting Caeruleum
hm.. spent tons of money attending courses and learning all sorts of indicator but didnt know trading can be so simple.. but though it looks simple, i guess lots of experience are required to be profitable long term..

yuan83, im from sg too.. care to pm me ur msn add so we can chat online?

cheers!

hi glad to see a fellow sg here. u can add me on [email protected]. can't really pm u also
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