It crossed on my chart. The only reason I did not take the trade was because of all the fundamental data coming out. I did not take the usdcad for the same reason.
Olu
Live it or leave it!
- #141
- Jul 14, 2011 10:27am Jul 14, 2011 10:27am
- #142
- Jul 14, 2011 10:28am Jul 14, 2011 10:28am
Thats what was confusing me, the lines crossed from the downside up, below the 40 and where heading back up! Yet the price was below the MA? All the Tech and Fund said to short this, but the Stoch lines where headed up! Looks like the yellow crossed the blue right before the lines went above the 40 heading up! But I see what you are talking abougt!
Cross above 40 (from upside down) and price under MA = short
Cross under 60 (from down to upside) and price above MA = long
Live it or leave it!
- #145
- Jul 14, 2011 3:36pm Jul 14, 2011 3:36pm
jcdollar, I think you need to go back and study the rules properly. Your first buy was invalid, because price was below 100 EMA and the trend is down.
Often I have seen this work, but it is lower probability so not part of this system.
Your second buy should have been a sell, as you mark it a short. This would have been ok, but a little early. You need to wait until the yellow line crosses the blue, as Slurpee said already.
I'm not sure if you're marking your charts up correctly - it confuses me, and I am easily confused.
Thanks for the input, I have not bought or sold using this yet, I am just observing the charts and trying to understand why certain things are done and certain things are not, question was on the above chart was that their are times its seems the market moves up a lot during the period of 9 days, it never got close to the 100MA mark and relation to the Stoch lines crossing below 40 heading up, these are not the rules but would that not have been an opportunity to buy (long)! I know the rules I am just asking on what I am seeing, am I risking it, not sure just learning this system will be using it in the following week!
Thanks
Voodoo Economics.......
- #146
- Jul 14, 2011 3:58pm Jul 14, 2011 3:58pm
- Joined Jun 2009 | Status: Trend Trader | 6,355 Posts
If you think you can or cannot do it you are correct
- #148
- Jul 14, 2011 4:59pm Jul 14, 2011 4:59pm
- Joined Jun 2009 | Status: Trend Trader | 6,355 Posts
If you think you can or cannot do it you are correct
Thanks for the input, I have not bought or sold using this yet, I am just observing the charts and trying to understand why certain things are done and certain things are not, question was on the above chart was that their are times its seems the market moves up a lot during the period of 9 days, it never got close to the 100MA mark and relation to the Stoch lines crossing below 40 heading up, these are not the rules but would that not have been an opportunity to buy (long)! I know the rules I am just asking on what I am seeing, am I risking it,...
The main rule is, NEVER go long when the price is under the MA and NEVER go short when the price is above the MA. Simple as that, dont try to find anything else on the chart! This system just doesnt allow this, take it as it is...
Live it or leave it!
JcDollar thanks for clarifying your objectives. I looked at your chart and said to myself 'you've got it back to front' You are right in your observations that a lot of trades are left on the table because we use the 100sma under or over rule. Pairs can travel 000s of pips in the wrong direction towards the 100sma and you are left feeling this system is rubbish. However if you got the move down in the first place then you wont feel so bad.
We are '100sma surfers' using this system. But as traders we should have other systems that can capture...
). If you follow the rules, you will get enough trades. And if it is not enought for you (which is absolutely OK), just find another system that suits you better. Trade 1hr, 4hr charts or so...
Live it or leave it!
- #153
- Jul 14, 2011 8:00pm Jul 14, 2011 8:00pm
Exactly, this system doesn't take every possible trade, actually NO SYSTEM take every possible trade (from hindsight - after the battle everyone is a general
What are some of your favorite pairs to trade i.e. EUR/USD, I notice you guys trade some minors?
Plus have you looked at the USD/CAD, stoch lines crossed above the 60, currently headed down, current day candle is below 100MA......Sell short?
Voodoo Economics.......
- #155
- Edited 3:31am Jul 15, 2011 3:23am | Edited 3:31am
- Joined Jun 2009 | Status: Trend Trader | 6,355 Posts
If you think you can or cannot do it you are correct
- #158
- Jul 15, 2011 7:53am Jul 15, 2011 7:53am
- Joined Jun 2009 | Status: Trend Trader | 6,355 Posts
If you think you can or cannot do it you are correct
- #159
- Jul 15, 2011 7:56am Jul 15, 2011 7:56am
- Joined Jun 2009 | Status: Trend Trader | 6,355 Posts
If you think you can or cannot do it you are correct