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A "new" simple system based on MA

  • #121
  • Apr 5, 2011 8:51pm Apr 5, 2011 8:51pm
Quoting hmaoui
Hi !

Looking at my chart, AUD/USD is ranging on 5mn TF. EMAs are flat and DMI too. Wait for a clear trend and trade the pullback. My advice is : be patient for a clear signal.
Hi hmaoui,

Good Morning!

Thanks for the advice. Yes you're right, patience is the hardest part for me in trading. I'll keep that in mind.

Btw, how was your trade yesterday?

I suddenly had internet connection problem. I couldn't trade yesterday. Hope I'll find luck today.

Good luck.

Cheers.
  • #122
  • Apr 5, 2011 11:00pm Apr 5, 2011 11:00pm
One question,

let say we are in an uptrend, then we have pullback, the STO has confirmed, but DMI is not (red line above blue line).

According to your system, would you still take the trade?
If yes, do you require additional confirmation such as candle formation or fibonacci ret (50% or 61.8%)?

Thanks
  • #123
  • Apr 6, 2011 10:28am Apr 6, 2011 10:28am
....my first and last trade for the day ! It runs until 1.4344 but no regrets, I took my wage !
Attached Image (click to enlarge)
Click to Enlarge Name: Chart16j.jpg Size: 340 KB
  • #124
  • Apr 7, 2011 5:32am Apr 7, 2011 5:32am
Thanks for the chart.

What an excellent trade!! I envy you!!

I'm still confused on how to enter though. What is your trigger bar? How did you enter?

On an uptrend, do you enter 1 pip above on the next bar? or Do you enter immediately when the candle touch the MA and the STO is below 50?

Please kindly advise. Thanks in advance.
  • #125
  • Apr 7, 2011 6:11am Apr 7, 2011 6:11am
Hello, to answer your question, I am looking at the trend different way : the first thing which is important, is the EMAs (Guppy). I the angle is good and the spread between the 2 groups, it is ok. Then I confirm (but only confirm) with the DMI. If the DMI is a little bit negative, it can say you that the pullback is "deep" and then it may be a weakness in the trend. But as you have a tight stop loss, if EMAs are ok and the DMI is just a little bit negative (correction), it can be a good point of entry but you have to be careful for taking your profit. The deeper the pullback, the slower is the trend so you have to take your profit fast maybe or trail your stop.... DMI is only a CONFIRMATION which gives you a best odd. You have to put a tight stop to cut your loss fast. Also, please confirm the trend with higher TF !!! It is important !

Quoting Rf7
One question,

let say we are in an uptrend, then we have pullback, the STO has confirmed, but DMI is not (red line above blue line).

According to your system, would you still take the trade?
If yes, do you require additional confirmation such as candle formation or fibonacci ret (50% or 61.8%)?

Thanks
  • #126
  • Apr 7, 2011 6:18am Apr 7, 2011 6:18am
Always the same to enter a trade : Identify the trend and trade only the trend ! Once identified, the you wait for the pullback : in an uptrend you buy cheap. It means you buy supports (PP / EMAs) with a confirmation of STO. So price has to close near a support and Stochastics has to confirm being under 50 or oversold. Why not always oversold ? Because in some strong trends it is not sur it will go oversold because people buy supports so price is going up and the stochastics then head up. You close on a support and STO are under 50, enter with tight stop. A trend continue more and more with pullbacks and one time it reverse : but you win more trading the trend even if you take your loss on the reverse....because you have many pullbacks and only ONE reverse !!! Dont forget...

Quoting Rf7
Thanks for the chart.

What an excellent trade!! I envy you!!

I'm still confused on how to enter though. What is your trigger bar? How did you enter?

On an uptrend, do you enter 1 pip above on the next bar? or Do you enter immediately when the candle touch the MA and the STO is below 50?

Please kindly advise. Thanks in advance.
  • #127
  • Apr 7, 2011 7:03am Apr 7, 2011 7:03am
As per our rules, I advise to not take any trade 30 minutes after the news. Rate decision is as expected but ECB president speech can cause many noise which I want to avoid. (Sorry for my really poor english !)
  • #128
  • Apr 7, 2011 1:55pm Apr 7, 2011 1:55pm
Quoting hmaoui
As per our rules, I advise to not take any trade 30 minutes after the news. Rate decision is as expected but ECB president speech can cause many noise which I want to avoid. (Sorry for my really poor english !)
You english isn't poor at all. I would say alot of noise instead of many noise but your english is certainly understandable. Thank you for all of these screenshots! They make your system easy to understand. Do you usually try to find one good setup a day?
  • #129
  • Apr 7, 2011 8:44pm Apr 7, 2011 8:44pm
Thank you so much for the explanation and advise.

Don't worry about your English. I can understand you crystal clear.

I'll start hunting now, and I'll post the result.

Godbless you.
  • #130
  • Apr 11, 2011 11:46am Apr 11, 2011 11:46am
Hello Hmaoui,
have you been trading the eur/usd 1 min timeframe today ?
Was a little choppy today, so I am wondering how your trading went....
Merci beaucoup.
  • #131
  • Apr 12, 2011 3:26am Apr 12, 2011 3:26am
Hello ! I try to trade everyday but I am waiting for the perfect setup. I prefer to be flat than in a poor trade !!! Wait, wait, wait and when the perfect setup is here : Jump in ! And do not forget that volatility is working by cycle. After low volatility (choppy market) will come high volatility (break out) and then a trend should develop....

Quoting globalinvest
Hello Hmaoui,
have you been trading the eur/usd 1 min timeframe today ?
Was a little choppy today, so I am wondering how your trading went....
Merci beaucoup.
  • #132
  • Apr 12, 2011 4:56am Apr 12, 2011 4:56am
To analyze. Post yours if you trade the system !
Attached Image (click to enlarge)
Click to Enlarge Name: Chart18j.jpg Size: 508 KB
  • #133
  • Apr 12, 2011 5:18am Apr 12, 2011 5:18am
hey dude, on average, what's ur rr?

cheers
Enter Signature
  • #134
  • Apr 12, 2011 5:34am Apr 12, 2011 5:34am
What does rr mean ? Risk/Reward ?
  • #135
  • Apr 12, 2011 5:47am Apr 12, 2011 5:47am
very interesting thank you. will demo this but can you tall me what is the dmi indicator you're using ? I don't seem to find it metatrader platform.

thank you
  • #136
  • Apr 12, 2011 6:16am Apr 12, 2011 6:16am
You will find Directional Movement Index (DMI) on every plateform. Standard parameters are 14.

Quoting tseraf
very interesting thank you. will demo this but can you tall me what is the dmi indicator you're using ? I don't seem to find it metatrader platform.

thank you
  • #137
  • Apr 12, 2011 7:22am Apr 12, 2011 7:22am
Hope you took the long !!!
  • #138
  • Apr 12, 2011 7:25am Apr 12, 2011 7:25am
Entered at 1.4470 for 3 lots with 8 SL and profit now locked at 1.4485 ! 3 lots x 15 pips = 450$ for sure
  • #139
  • Apr 12, 2011 7:26am Apr 12, 2011 7:26am
Maybe we will test 1.4500 soon (hope) - Round number = Exit (Resistance)
  • #140
  • Apr 12, 2011 7:52am Apr 12, 2011 7:52am
That's done !!! 1.4500, exited. Now I stop trading...Nice day, waiting for the perfect setup and entered following the rules = Nice profits !
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