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A "new" simple system based on MA

  • #441
  • Jul 7, 2011 4:08am Jul 7, 2011 4:08am
Right now there is not any trend on our TF. We are at a midpoint level (between Pivot and S1). We have to patient to get a good setup and take our money for the day.
  • #442
  • Jul 7, 2011 4:13am Jul 7, 2011 4:13am
A little upward move just n ow. Maybe a good pullback will allow us a good setup.... Be ready if it comes.
  • #443
  • Jul 7, 2011 4:21am Jul 7, 2011 4:21am
I dont trade it because when I look at 5mn TF it is not clear enough and Sto is overbought. Also on 1mn TF, you can see that the EMAs are not well spreaded so the movement is not very strong => not a perfect setup.
  • #444
  • Jul 7, 2011 4:25am Jul 7, 2011 4:25am


agree, and yes we have a sideway market at euro between 1.4345 and 1.4280. today euro rate decision and statement market will check out that.


Quoting hmaoui
It is not really a mistake. It's just the system cannot warranty you a 100% winning rate ! You must accept your losses. Be confident in the system and assume there will be some losses. But winners are pretty much than losers, and if you respect only a ratio of 1,5 (even if I advise a ration of 2) you will earn money. You know it.
  • #445
  • Jul 7, 2011 5:38am Jul 7, 2011 5:38am
You system looks simple for sure. Have you thought about adding a strength indicator to your process to confirm the MA's. I use a system that uses MA's as entry and exit indicators, but I choose my pair by using a currency meter that indicates which pairs are good candidates based on the strength of each individual current relative to all the others. It has enhanced my results greatly.
  • #446
  • Jul 7, 2011 6:10am Jul 7, 2011 6:10am
hey guys,
I missed that first entry there h stuff it, worked well to.
You mentioned a loss last night punisher I think we better talk about winners not losses from now on .
  • #447
  • Jul 7, 2011 6:16am Jul 7, 2011 6:16am
Can any of you guys code for mt4. I want to get a alarm for this method made up. Pretty simple thing.
  • #448
  • Jul 7, 2011 8:52am Jul 7, 2011 8:52am
Hmaoui do you take trades on ema 30 or 60 if rules are met?

Because sometimes the price forms support and resistance on ema 30 and 60.
  • #449
  • Jul 7, 2011 9:21am Jul 7, 2011 9:21am
take a +10 here so I'm -2 for the day. will see what happen more.

I'm out quick because of DT and resistance, and have to cover my loss :-)
Attached Image (click to enlarge)
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  • #450
  • Jul 7, 2011 9:33am Jul 7, 2011 9:33am
small SL only 5 pips and take 10, out too early but was for me 2%, before I had only 0.8% minus loss from morning 1% , so I close for the Day +1.8%

I call it a Day

have all agood one guys
Attached Image (click to enlarge)
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  • #451
  • Jul 7, 2011 9:37am Jul 7, 2011 9:37am


Quoting sutters
.......
You mentioned a loss last night punisher I think we better talk about winners not losses from now on .
  • #452
  • Jul 7, 2011 11:52am Jul 7, 2011 11:52am
Let us know ! If we can improve the system it will be a killing for sure !!! lol

Quoting trendzone
You system looks simple for sure. Have you thought about adding a strength indicator to your process to confirm the MA's. I use a system that uses MA's as entry and exit indicators, but I choose my pair by using a currency meter that indicates which pairs are good candidates based on the strength of each individual current relative to all the others. It has enhanced my results greatly.
  • #453
  • Jul 7, 2011 11:53am Jul 7, 2011 11:53am
Yes of course. The EMAs are here to tell us the trend AND to give us support and resistance.

Quoting rare
Hmaoui do you take trades on ema 30 or 60 if rules are met?

Because sometimes the price forms support and resistance on ema 30 and 60.
  • #454
  • Jul 7, 2011 11:56am Jul 7, 2011 11:56am
There was a technical problem with FF this afternoon so I did not post my trades. Here it is...
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  • #455
  • Jul 7, 2011 7:38pm Jul 7, 2011 7:38pm
Quoting hmaoui
There was a technical problem with FF this afternoon so I did not post my trades. Here it is...
Another wonderful trade/chart analysis. Please keep them coming!

I love learning from somebody who actually shows what they are accomplishing while they trade. Gives me motivation and inspiration to learn and better my own trading habits and skills.
  • #456
  • Jul 8, 2011 5:41am Jul 8, 2011 5:41am
my computer online, but I'm not because of the NFP today , I will wait the news, we had a nice down trend, but I decide in the morning to go outside and come back now.

  • #457
  • Jul 8, 2011 7:58am Jul 8, 2011 7:58am
my friends, taht was a good NFP news day for me, I trade the after news and make a good profit for my account.

I trade this at oanda , and show you a pic there you can see also news can trade at this Broker, only around the first minutes they wide the spread , but after all is ok.

now for me is party time , cu all next monday

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  • #458
  • Jul 10, 2011 7:38pm Jul 10, 2011 7:38pm
check out for a green week

on the weekend I read the thread, thanks to the author for share.

will have an eye on that

good one !!
  • #459
  • Jul 10, 2011 8:37pm Jul 10, 2011 8:37pm
my first trade for the week, scalp only 5 pips, 8 pips SL

outside from london session , I careful, but the ma's looks nice spread, so good for a scalp
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  • #460
  • Jul 10, 2011 8:57pm Jul 10, 2011 8:57pm
Hi Hmaoui i still have some questions regarding your system pls answer me whenever possible:

1. Why you use ema 144?
2.What higher tf confirm 5m trades?
3.What's the MM strategy are you using? only risking max of 3% acc and that's it?

Thanks in advance Hmaoui
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