Eagle Method MA Crossover System

As I was writing up the rules yesterday, the system gave a signal on the USD/JPY pair!! But I'm not trading other pairs at the moment. Well, I'll paper trade them anyway, but am going to only report my live trades on Euro.

If you had taken the last signal for Euro (on Aug 10th), you would be short from 1.3190, and up by a measly 434 pips about now. Not a bad place to be. This shows that a TP target of, say 200 or 300 pips, isn't always a good idea.

Moving the S/L up would certainly make sense, I'd have it at 2910, just to lock some profits in.

Ah well, the thing is to make sure we catch the next move and go with it!

Greetings ladies and germs,

I'm watching the EUR/USD, and we might have a crossover soon. Sometimes the prices bounces off the 100 MA, so have to see an actual cross. Also, per the rules, RVI is not near zero yet but is closing in. Still need to wait.

So far this morning, we have two bounces off the 100 MA. Still very indecisive, but RVI is hovering near zero. I'd like to see a nice move above 2915 or below 2825 before taking a trade. Gotta love August....

Hi Pidgeon,
I have been using MA's on and off for some time and particularly like the setup described on this thread.
At the moment i am using the 100/9 crossover with MACD for backup.(15m and 30m scalping).

I will be moving back to the longer time frames when we get a bit more volume in the markets in September, but for now i'm grabbing anything from 5 pips to 20 pips on the 15m.

Last night i found an adjustable 2MA crossover alert, and its already proving to be very helpful. (attached).

You may find it comes in handy if you are using crossovers on multiple charts.
I am watching with interest..so keep the posts coming!
Cheers,
Paul.

Hi PSmith!

Good to have some company on this thread. I think if you look back a bit, you'll see that MACD was being used as a filter as one of the variants of the system. They were even using Ichmoku in place of the 9MA at some point. Some have also scalped with the system, it works for that too.

I think this system works not because of the crossover itself, but because of the additional requirements to take a cross and trade it. I've seen several crosses already on the Eur/Dollar as well as the Yen/Dollar that didn't meet all the requirements, and have passed on them. Last night, I did take a short on AUD because the cross was valid, and agreed with the 4H trend. That trade is up 47 pips as I write this.

As to the MA alert, thanks for posting that. I usually look at my charts during the day, but I don't place any orders until I get home. This lets me do a little reflection on whether I think the trade will be strong or not. Lately we've had a lot of August sideways movement.

Back to talking about the Euro - its still oscillating, came down to 2780, now back up. I'm staying away until we get a direction. If you like to range trade, this is a great market !!

Does anyone know what the RSI settings would be for this?

What RSI settings do you mean ? the only additional indicator is RVI...

By the way: Somebody was testing this with a multiple-lot-entrance, based on an ATR-Exit ?

If u know ur trendlines well. U wont have a problem with exit in this sytem. Sometimes trend lines might seem to promt u to exit too early but cmon no need to be greedy if the trend line is crossed again I re-enter. Simple and easy

Hi guys,

just found this thread, not sure if anyone is still using or will check up on it but im going to give it a whirl.

Entry as per original rules.
Initial SL of 20 pips.
Move SL to BE after 10 pips
TP is at cross of 9 back over the 100 and reversal of position.
Obviously S&R and trend lines will be taken in to consideration.

lets see how it turns out

EDIT: 5m time frame

Hi,

Can you tell me, how is your results on this strategy?