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A "new" simple system based on MA

  • #261
  • May 11, 2011 9:42am May 11, 2011 9:42am
As you can see on the chart, there was several (5) entry signal until now on 5mn TF. One was a loser trade 12 pips for me. Second was 20 pips, third was 28pips, fourth was a nice 46 pips, and the last was 28 pips again (just exited at 1.4280 which is a support).

So I stop trading today with a nice 110 pips per lot !
  • #262
  • May 11, 2011 11:31pm May 11, 2011 11:31pm
Hi, when you trade on 5min TF. Do you use 7 pips as stop loss??

Thank You,
Dragon
  • #263
  • May 12, 2011 7:28am May 12, 2011 7:28am
No. When I trade on 5mn I usually set my stop at 15 pips.

Quoting dragonspeak
Hi, when you trade on 5min TF. Do you use 7 pips as stop loss??

Thank You,
Dragon
  • #264
  • May 16, 2011 4:04am May 16, 2011 4:04am
Hi Hmaoui,

It's very quiet in your thread, in fact, it should be crowded here. As it is a good method to trade.

The strategy only have one weakness...sometimes it is so tired to wait for the perfect setup...LOL....
BTW, I tried to concentrate to trade this strategy only for London Session (6 am GMT to 2 pm GMT) I think that's a good time to trade this strategy,

have a look the chart below, the opportunity to buy this morning
Attached Image (click to enlarge)
Click to Enlarge Name: precisely.gif Size: 41 KB
  • #265
  • May 16, 2011 2:49pm May 16, 2011 2:49pm
Hi Bom-Bom, I see you use ADX(38). It is a mistake or do you get better trades with this settings?

Dragon
  • #266
  • May 17, 2011 2:27am May 17, 2011 2:27am
Quoting dragonspeak
Hi Bom-Bom, I see you use ADX(38). It is a mistake or do you get better trades with this settings?

Dragon
Hi Dragonspeak, I did good with 38. But only to trade on London Session.
Remember on previous post I did post about Perfect Setup? that post has caused me to change the ADX to 38.

BTW, if you see the picture I attached, the good setup always happen when the trend developed first, and then every pullback, must not cross back (even only once!!!!!) from the beginning of the trend develop.
  • #267
  • Edited 3:02pm May 17, 2011 12:22pm | Edited 3:02pm
Hi hmaoui, would you take this trade?

Note:
Red line = DI- > DI+
Blue line = DI+ > DI-


Thank You,
Dragon.
Attached Image (click to enlarge)
Click to Enlarge Name: ejemplo.JPG Size: 161 KB
  • #268
  • May 17, 2011 2:47pm May 17, 2011 2:47pm
You get it !!! Wait for the perfect setup....when it comes, jump in ! You will get many opportunities to trade and only few will fail !

About the ADX, I am not sure to understand : do you use ADX(38) ? f so, what is the reason (some backtest) ?

Quoting Bom-Bom
Hi Hmaoui,

It's very quiet in your thread, in fact, it should be crowded here. As it is a good method to trade.

The strategy only have one weakness...sometimes it is so tired to wait for the perfect setup...LOL....
BTW, I tried to concentrate to trade this strategy only for London Session (6 am GMT to 2 pm GMT) I think that's a good time to trade this strategy,

have a look the chart below, the opportunity to buy this morning
  • #269
  • May 18, 2011 2:36pm May 18, 2011 2:36pm
Hi hmaoui, do you everyday get the perfect set up or there are days that the perfect set up doesn't show up and you don't trade that day?

Thank You,
Dragon
  • #270
  • May 19, 2011 4:17am May 19, 2011 4:17am
Hi dragon, to answer your question it depends a lot on what TF you trade. If you trade on 1 or 5mn TF like me, there will be a perfect setup almost everyday, especially at session opening (London / NY). But if you want to trade this system on 1h TF for example, you must be patient to wait for a trend established, and then a good pullback according to the rules. You have to wait more on longer TF but your reward would be very important. Sometimes (very rare on short TF), you will not have perfect setup.....but dont be sad : Market will be here the next day !!! This system requires a lot of DISCIPLINE and PATIENT which are the 2 most important qualities for a Forex Trader !!! Whatever the system you use, these qualities are the most important for a Forex Trader : your success depends on these 2 qualities more than on the system itself !!!! Even with very good system, well rated here as THV or Philip NEL 5mn trading strategy, you will lose money if you are not disciplined and patient !!! Never forget this !

Quoting dragonspeak
Hi hmaoui, do you everyday get the perfect set up or there are days that the perfect set up doesn't show up and you don't trade that day?

Thank You,
Dragon
  • #271
  • May 19, 2011 4:38am May 19, 2011 4:38am
I dont know if this trade is really followed, except by certain members. Anyway, feel free to join us and to ask your question about the system. It is profitable for me but you need to be patient and disciplined. Follow the rules, focus on perfect setup as described in this thread, and I warranty you will earn money !
  • #272
  • May 19, 2011 5:27am May 19, 2011 5:27am
Look at the chart for the perfect setup. A trend well established, a good pullback on the 12EMA with a Stochastic under 50. Jump in for about 12-20 pips !
Attached Image (click to enlarge)
Click to Enlarge Name: CHART22j.jpg Size: 337 KB
  • #273
  • May 19, 2011 8:54am May 19, 2011 8:54am
Hi.
is this is a good setup?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 50 KB
  • #274
  • May 19, 2011 10:16am May 19, 2011 10:16am
Hello hmaoui I trade in 1M TF. Thank you for your tips, I'll be patient and discipline and always wait for the perfect set up.

Thank You,
Dragon
  • #275
  • May 19, 2011 11:39am May 19, 2011 11:39am
Quoting hmaoui
I dont know if this trade is really followed, except by certain members. Anyway, feel free to join us and to ask your question about the system. It is profitable for me but you need to be patient and disciplined. Follow the rules, focus on perfect setup as described in this thread, and I warranty you will earn money !
Hello hmaoui, for me your system is my way to financial freedom so please don't quit because I'm still lerning and I'm always looking your postings.

Thank you,
Dragon
  • #276
  • May 19, 2011 6:17pm May 19, 2011 6:17pm
Quoting loubse
Hi.
is this is a good setup?
Hey loubse,

I think you need the LT MAs to be a little more separated showing a good trend.
  • #277
  • May 20, 2011 2:32am May 20, 2011 2:32am
Quoting loubse
Hi.
is this is a good setup?

The lines are consolidating so that wouldnt be a good trade , if you see this as a breakout trade , you should at least wait till it takes recent lows out
  • #278
  • May 20, 2011 2:58am May 20, 2011 2:58am
Hi to all .Thank you for the comments and help.After all it was a good 12 pips trade.
Attached Image (click to enlarge)
Click to Enlarge Name: chart-1.gif Size: 50 KB
  • #279
  • May 23, 2011 4:54am May 23, 2011 4:54am
Hi ! Sorry for my late answer but I was not available. Looking at your chart, I think you dont use the system I describe here. MACD is not an oscillator but a trend indicator. For trend, we have the EMAs and the DMI to confirm, it is enough. Also other indicators you put are not necessary. Keep it simple ! I cant answer you as you dont use the system correctly I think.

Quoting loubse
Hi.
is this is a good setup?
  • #280
  • May 23, 2011 5:23am May 23, 2011 5:23am
Thank you for your help ! I need it lol ! Now I didnt decide to give up. For your information, this setup was given me by a friend of mine, a lebanon which was
a professional trader in London and who runs an hedge fund now. He sells this system very very much money during his seminars for professional traders (who work for bank or financial companies). Of course his seminars include lots of other things but I can say you the system I describe here is professional, profitable, and totally free....even if I think I could successfully sell it for hundreds dollars !


Quoting dragonspeak
Hello hmaoui, for me your system is my way to financial freedom so please don't quit because I'm still lerning and I'm always looking your postings.

Thank you,
Dragon
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