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4H Crossover (Swing Trading)

  • #161
  • Dec 9, 2010 7:50am Dec 9, 2010 7:50am
audusd

i dont see a long trade on this yet. on my alpari chart, the 21 sma has barely just touched the 89 sma. not gone above it yet. and of course we need to wait for the retrace also.
  • #162
  • Dec 9, 2010 8:41am Dec 9, 2010 8:41am
The rules are very basic and simple: Loook for the moving average crossover, wait price retraces back to ema, get the macd signal and shoot. May it be after x amount of bars, does it need to touch the ma etc. Please people do not make things complicated. Nothing is written in stone.Trading is not pure systematic.
  • #163
  • Dec 9, 2010 9:15am Dec 9, 2010 9:15am
hi sbh, i saw GU long in yr live trade log. i am seeing a ema c/o but MACD is still red. am i missing something ?
  • #164
  • Dec 9, 2010 10:08am Dec 9, 2010 10:08am
Hi,
even though this is my first post on this forum i have been trying various forex system for around 2 years, with plenty of up's and down's ,today im going to start trading with this strategy.

I hope for some commentary from other traders about my trades : - )
Oh and btw thanks to sbh that thought of such strategy and tested it in the past
  • #165
  • Dec 9, 2010 10:24am Dec 9, 2010 10:24am
Quoting whatfx
audusd

i dont see a long trade on this yet. on my alpari chart, the 21 sma has barely just touched the 89 sma. not gone above it yet. and of course we need to wait for the retrace also.
That's strange. I'm on alpari as well, and the cross occurred on Dec 6th on my chart with a retrace the following day.
  • #166
  • Dec 9, 2010 10:30am Dec 9, 2010 10:30am
Quoting roundrock
hi sbh, i saw GU long in yr live trade log. i am seeing a ema c/o but MACD is still red. am i missing something ?
I was anticipating a GU entry because MACD was green about 30 minutes prior to the close. It did not in fact turn green on the close and so we do not yet have a GU entry. Sorry about that.
  • #167
  • Dec 9, 2010 10:32am Dec 9, 2010 10:32am
Quoting The7
The rules are very basic and simple: Loook for the moving average crossover, wait price retraces back to ema, get the macd signal and shoot. May it be after x amount of bars, does it need to touch the ma etc. Please people do not make things complicated. Nothing is written in stone.Trading is not pure systematic.
Very well said. This is the reason my first general rule is that "the rules are made to be broken."
  • #168
  • Dec 9, 2010 2:06pm Dec 9, 2010 2:06pm
Quoting The7
The rules are very basic and simple: Loook for the moving average crossover, wait price retraces back to ema, get the macd signal and shoot. May it be after x amount of bars, does it need to touch the ma etc. Please people do not make things complicated. Nothing is written in stone.Trading is not pure systematic.
I'm starting to see the light!
  • #169
  • Dec 9, 2010 5:57pm Dec 9, 2010 5:57pm
Hey SBH-

I just found your system, and I love the philosophy behind it. I am young enough that I am looking to trade full time, but I'm willing to get there methodically and lifestyle to me is more important than making fast profits as a slave to the system. So thank you for putting it out there.

I had a quick and specific question. When you look for a pull away from the 21, do you look for that after the MA cross.

Specifically, I'm looking at the GU. The Price pulled away prior to the MA cross, and then retraced pretty much simultaneously with the cross. now it is looking like the MACD is is going to flip. Is that a valid entry for you, or would you be looking for another cycle of pull away, retrace, continuation in order to get in?

Thanks
  • #170
  • Dec 9, 2010 8:31pm Dec 9, 2010 8:31pm
I just started reading this thread and it looks like a method that should l fit my needs. Thanks for sharing it.

My question is in regard to the MACD. I loaded it onto my chart and it has a lot of text and numbers just below the center line. The trouble is, on a forming candle, if the histogram is close to the zero line, the text can sometimes cover up the bar and i can't tell what color it is without tweaking the size of the window or zooming in. Which is just one more thing to do. I have tried changing some of the colors for different inputs, but I have not found a way to hide them or eliminate them completely. I know that this indicator originally came from a different thread/system which probably uses the text and numbers. Does anyone here know of a way to get rid of that part of the inidcator?

Thanks,

Jerry

(Wow..this post ended up being longer than I intended. Guess I need to learn how to be more to the point.)
A wad of million dollar bills
  • #171
  • Edited 10:17pm Dec 9, 2010 10:05pm | Edited 10:17pm
Quoting Mooreart
My question is in regard to the MACD....
The text is the signal option defaulted in your MACD indicator settings. They are annoying and I understand completely what your problem is. Here is what I did:

Go into the MACD indicator settings and change 1) Alert on to 'None', 2) Max_alerts to '0', and 3) ShowSignal to 'False'. You will then need to delete all the text objects that the indicator had previously drawn. To do this, go to Charts>Objects>Objects List. Under the objects list delete all text drawn by the MACD custom indicator.

I then save my template as "default" which saves your MACD settings and makes it so you don't ever have the problem again when you open a new chart.
  • #172
  • Dec 9, 2010 10:10pm Dec 9, 2010 10:10pm
Quoting Blacksails
Hey SBH-

I just found your system, and I love the philosophy behind it. I am young enough that I am looking to trade full time, but I'm willing to get there methodically and...
It is true that a trend/pullback sequence will often come right before an MA cross. I still consider this a valid entry so long as the trend continuation signal comes AFTER the cross. So in other words. Trend and pullback happen right before the MA cross occurs and then the trend continuation begins with the 21/89 having just crossed.

As for the GU trade. Assuming MACD closes green on the current candle I will be entering Long tonight.
  • #173
  • Dec 9, 2010 10:15pm Dec 9, 2010 10:15pm
It is likely that we will have a USDJPY and GBPJPY long entry tonight. Since I do not wake up in the middle of the night to take entries I will be putting a stop-order in a couple pips above the high of the previous candle. If the high of that previous candle is broken MACD will close green. I have entered this way several times as an alternative to waking up in the middle of the night.
  • #174
  • Dec 9, 2010 10:50pm Dec 9, 2010 10:50pm
Quoting sburtonhome
The text is the signal option defaulted in your MACD indicator settings. They are annoying and I understand completely what your problem is. Here is what I did:

Go into the MACD indicator settings and change 1) Alert on to 'None', 2) Max_alerts to '0', and 3) ShowSignal to 'False'. You will then need to delete all the text objects that the indicator had previously drawn. To do this, go to Charts>Objects>Objects List. Under the objects list delete all text drawn by the MACD custom indicator.

I then save my template as "default" which saves your...
Thanks. It makes a world of difference.
I am currently long on GBPUSD and AUDUSD, and am ready for the GBPJPY and USDJPY.
A wad of million dollar bills
  • #175
  • Dec 9, 2010 11:18pm Dec 9, 2010 11:18pm
Stop-Orders placed for GU, GY, and UY trades. Check out my trade log for details. Good night!
  • #176
  • Dec 10, 2010 2:26am Dec 10, 2010 2:26am
Yup, im both long on GBP/USD and GBP/JPY, did you see any other pairs thats gonna form the entry pattern?
  • #177
  • Dec 10, 2010 7:05am Dec 10, 2010 7:05am
Quoting Thaned
Yup, im both long on GBP/USD and GBP/JPY, did you see any other pairs thats gonna form the entry pattern?
USDJPY is VERY close. It did not trigger my stop-order last night which I have now deleted. It will likely return to trend today and signal our entry.
  • #178
  • Dec 10, 2010 7:50am Dec 10, 2010 7:50am
there are alot of brokers that use metatrader and if im correct depending on the broker the 4hr bars all close at different times based on where they situated. Im currently using FX pro who are based in cyprus GMT+2, so the next 4hr candle should close at 16:00 GM+2 which is in exactly 10min from now.

Can anyone else confirm if their 4hr bars will be closing in the next 10min?
  • #179
  • Dec 10, 2010 9:16am Dec 10, 2010 9:16am
I use InterbankFX and my 4 hour bars close an hour after yours. The platform shows them at 0:00, 4:00, 8:00, 12:00, etc. I live in MST so for me this means 1:00, 5:00, 9:00, etc.
A wad of million dollar bills
  • #180
  • Dec 10, 2010 10:16am Dec 10, 2010 10:16am
Quoting sburtonhome
The text is the signal option defaulted in your MACD indicator settings. They are annoying and I understand completely what your problem is. Here is what I did:

Go into the MACD indicator settings and change 1) Alert on to 'None', 2) Max_alerts to '0', and 3) ShowSignal to 'False'. You will then need to delete all the text objects that the indicator had previously drawn. To do this, go to Charts>Objects>Objects List. Under the objects list delete all text drawn by the MACD custom indicator.

I then save my template as "default" which saves...
It seems like this wont delete the "levels" which is the most bothering part.
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