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A "new" simple system based on MA

  • #161
  • Apr 13, 2011 7:02am Apr 13, 2011 7:02am
Quoting hmaoui
Hello ! I have a regular job too so like you sometimes my boss want to see him. I hope to become a full time trader in 1 or 2 years with a good capital and perfect discipline. This is a business so you have to behave like a real business man !

There was a perfect setup (I didnt take it because not behind my screen) at 10h18 GMT with around 15 pips profit potential.

Right now, there is not any trend so not any trade ! You can notice price is between 1.4490 and 1.4515. I wait for a trend....
Hi hmaoui..nice to see u again Yes.. I do hope so next year I can be retiree as a paid man like now..LOL.

BTW...I guess this is the setup you mean. Too bad. everyday, between 10GMT - 11.30 GMT I am on the street -- on the way to home from office. It is often the currencies move during this time.
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  • #162
  • Apr 13, 2011 7:09am Apr 13, 2011 7:09am
Entry signal : Short on Eur/usd at 1.4506
  • #163
  • Apr 13, 2011 7:11am Apr 13, 2011 7:11am
Exited at 1.4493 (Sto oversold). It Means 13 pips on 5 lots = 650$. Wait for a second perfect setup now....
  • #164
  • Apr 13, 2011 7:14am Apr 13, 2011 7:14am
is it a setup?
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  • #165
  • Apr 13, 2011 8:05am Apr 13, 2011 8:05am
Yes but be careful as there is a support at 1.4480. Think you should have been stopped if not exited now. Sorry for late answer but trading 1mn, you have to be very reactive on your trades !!!!

I took it but stopped at B/E

Quoting Bom-Bom
is it a setup?
  • #166
  • Apr 13, 2011 8:27am Apr 13, 2011 8:27am
Quoting hmaoui
Yes but be careful as there is a support at 1.4480. Think you should have been stopped if not exited now. Sorry for late answer but trading 1mn, you have to be very reactive on your trades !!!!

I took it but stopped at B/E
The market is very ranging, even to break support @ 4482 and Resistance @ 4518 is very-very difficult. I think the real trend will come out near to Euro Market close
  • #167
  • Apr 13, 2011 8:42am Apr 13, 2011 8:42am
Maybe we'll get a clearer direction after the news comes out, which is in a few minutes.
  • #168
  • Apr 13, 2011 10:40am Apr 13, 2011 10:40am
There was a down movement but I was not here. We test(ed) the PP zone, so it is a support at the moment. Someone shorted ?
  • #169
  • Apr 13, 2011 10:43am Apr 13, 2011 10:43am
Not me. Still trying to find the 'perfect' entry. (on M5)
  • #170
  • Apr 13, 2011 10:52am Apr 13, 2011 10:52am
I wasn't here but nice move on the eur/jpy. What pairs do you watch?
thank you
  • #171
  • Apr 13, 2011 11:57am Apr 13, 2011 11:57am
great thread hmaoui, very nice system and its great to know you've been trading it 3 years

Just a question though, as you make around $500~$1000 most days why haven't you gone trading full time?
  • #172
  • Edited 1:14pm Apr 13, 2011 12:50pm | Edited 1:14pm
Quoting Eureka
Not me. Still trying to find the 'perfect' entry. (on M5)
I found the indicators in this strategy in M5 is not often all align. Sometimes when the price take its pullback, the ADX shows the same thing, but for example, if price in short trend, the Stochastic already below 50. Vice versa for buy.

How do you think?

And talking about M5, here the latest entry : 1.4444 to 1.4428.
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  • #173
  • Apr 13, 2011 1:13pm Apr 13, 2011 1:13pm
I'm using RSI. I just like it better than the stochastic indicator. And I'm using the DMI. I haven't had any problems with them not agreeing.

My reference is to the moving averages, I should have said that in my post. I've been looking at the charts to see just how they should look for a good entry.

Obviously, I'm new to this method, so I have a lot to learn. So far, I like what I see.

Carol



Quoting Bom-Bom
I found the indicators in this strategy in M5 is not often all align. Sometimes when the price take its pullback, the ADX shows the same thing, but for example, if price in short trend, the Stochastic already below 50. Vice versa for buy.

How do you think?
  • #174
  • Apr 13, 2011 1:17pm Apr 13, 2011 1:17pm
Quoting Eureka
I'm using RSI. I just like it better than the stochastic indicator. And I'm using the DMI. I haven't had any problems with them not agreeing.

My reference is to the moving averages, I should have said that in my post. I've been looking at the charts to see just how they should look for a good entry.

Obviously, I'm new to this method, so I have a lot to learn. So far, I like what I see.

Carol
Hi Carol, did you spot on M5-EU just now?
BTW..the RSI, what setting do you use? Is it 14 too (same with ADX)?
  • #175
  • Apr 13, 2011 1:29pm Apr 13, 2011 1:29pm
Quoting Bom-Bom
Hi Carol, did you spot on M5-EU just now?
BTW..the RSI, what setting do you use? Is it 14 too (same with ADX)?
Hi Bom-Bom,

No, I missed that one. But I really like the way the moving averages look on that trade.

As for the RSI, hmaoui recommended 9 in his first post on the thread. So far I like it. I have just never used stochastics much.

Carol
  • #176
  • Apr 13, 2011 1:35pm Apr 13, 2011 1:35pm
Quoting Eureka
Hi Bom-Bom,

No, I missed that one. But I really like the way the moving averages look on that trade.

As for the RSI, hmaoui recommended 9 in his first post on the thread. So far I like it. I have just never used stochastics much.

Carol
TQ Carol..will watch it from now! I think I'm finish for today, I'll be back on Tokyo
  • #177
  • Apr 13, 2011 8:47pm Apr 13, 2011 8:47pm
Good morning.

This is the trade on EURJPY I took for a total of 26 PIPS.

Notice that the indicators are not all alligned.

Is it risky trading?
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  • #178
  • Apr 14, 2011 7:24am Apr 14, 2011 7:24am
Why I am not a full time trader ? I earn some money of course, but I am not psychologically ready to be a full time trader. My system is ok, I master it now and it is profitable. But it is not the only thing to consider. My regular job is interesting too, and it allows me to meet a lot of people and to have a "social real life". Lonelyness is very difficult to live ith (for me). Also, I think that I have to improve my "behaviour" as a trader. To be a full time trader, you need to be very disciplined and strong enough to accept losses. I think I am on the right way, so I hope to become full time trader very soon but money is not the most important thing to consider as it is the behavior that will bring you your wage. Also, I wait to get a very good capital to trade on higher time frames.

Quoting fugly
great thread hmaoui, very nice system and its great to know you've been trading it 3 years

Just a question though, as you make around $500~$1000 most days why haven't you gone trading full time?
  • #179
  • Apr 14, 2011 7:45am Apr 14, 2011 7:45am
just my 2 cents, IMHO, this EU if he fail to break the double bottom (and I think it did fail, today he has tried to re-test the level, but seems fail), will allow us to surf the Sell wave till 1.4261...

Will look for Sell wave to surf using this strategy

BTW, hmaoui, just now we have a buy setup or not on EU? around 4415 (+spread) on 12.48 GMT?
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  • #180
  • Apr 14, 2011 8:04am Apr 14, 2011 8:04am
Here again another perfect setup ! Entry at 1.4418 for me and S/L is now at 1.4425 to lock some profit.
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