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A "new" simple system based on MA

  • #481
  • Jul 13, 2011 7:53am Jul 13, 2011 7:53am
Just had a nice trade looks like a classic set up.
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  • #482
  • Jul 13, 2011 9:03am Jul 13, 2011 9:03am


Quoting sutters
Just had a nice trade looks like a classic set up.
  • #483
  • Jul 14, 2011 3:46am Jul 14, 2011 3:46am
only +6 pips for SL 10 , so 0.6%

I not see much room to the upside, but the setup was OK
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  • #484
  • Jul 14, 2011 5:07am Jul 14, 2011 5:07am
Take short, not perfect, coz no agreement between 1 and 5 min TF's.
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  • #485
  • Jul 14, 2011 5:40am Jul 14, 2011 5:40am
hi Kit,

that setup I only not take because the ma's not spread nice for me , but all other was ok also M5 confirm that by ADX.

and at the end only the green count :-)

Quoting Kit
Take short, not perfect, coz no agreement between 1 and 5 min TF's.
  • #486
  • Jul 14, 2011 7:00pm Jul 14, 2011 7:00pm
I've read through the posts and like others have mentioned I am surprised there are so few people involved in the thread.

Anyhow, as I was looking back over the charts, I decided to throw together an indicator to help evaluate the setups. The indicator draws a blue line on any bar that closes with the following conditions true:

1) 30 MA > 60 MA
2) Stoch is < 50
3) +DI is greater than -DI

It draws a red line for the opposite conditions.

It doesn't capture all the rules, but it does have enough to easily find areas in the past worth reviewing. I added an audible alert to it as well to help with trading going forward.

To give you an idea of what it looks like, here's a screen capture of Kit's chart from above.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen_01 2011-07-14 19.41.jpg Size: 78 KB
Attached File(s)
File Type: mq4 DMI-Filter.mq4   3 KB | 453 downloads
  • #487
  • Jul 15, 2011 12:15am Jul 15, 2011 12:15am
hi wfh,
because most people in the forum they are not trading, they only like to write how good they can posting , indicators, change the system by EA and many indicator, and so on .
if a system is easy like a child play they traders go ahead put it in the toolbox and make $$. I also must disciplined, but have to thanks the Author and so my thanks is to show my Trades for the thread will alive and many other also do so, but we are a small group but a good one.

many people take, read use and run, I see it many times in other forums, there they have a "thanks" button, I upload some sytem and help-tools and see it was download many hundred times, but only 0.002 % push the thanks button.

so it will be ok, thanks for your info and indicator, if it help you used it . and may for some other it will helpful also.
for me I use the stoch - indi and have some alert also, but spend also many screen time.

cheers

Quoting wfh2006
I've read through the posts and like others have mentioned I am surprised there are so few people involved in the thread.
....................
  • #488
  • Jul 15, 2011 1:00am Jul 15, 2011 1:00am
hi , i am totally newbies in forex hope u guys can help me how to set the DMI n how to read the DMI
  • #489
  • Jul 15, 2011 1:14am Jul 15, 2011 1:14am
hi slayer,

may you first study this school:

http://www.babypips.com/school/

really, read the whole thread over the weekend, and special for the DMI here a link, but you also will find a lot if you google

http://www.forexrealm.com/technical-...ent-index.html

hope you successful, but I will tell you , that all will need time!
not only month, years!!

Quoting slayer7815
hi , i am totally newbies in forex hope u guys can help me how to set the DMI n how to read the DMI
  • #490
  • Jul 15, 2011 1:39am Jul 15, 2011 1:39am
nice setup, ma's spread and the pulback, that is the signal to go

SL 8 TP 13 ~ 1.6%, call it a Day

for all a nice weekend , cu Monday
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  • #491
  • Jul 15, 2011 1:49am Jul 15, 2011 1:49am
Hello,

I am reading this thread with great interest, thanks to the author and all contributors. I have a short question about the Guppy MA`s : I noticed there are several threads about this way of trading.

Could one of the experts or Guppy traders point me to a description of the MA`s and their function ? Are they all EMA`s or did you modify them at some point and use SMA, LWMA etc. ?

I need some clarification on this, I thank in advance for any link or advice.

Many pips to you.



_____________
michael
Be like water.
  • #492
  • Jul 15, 2011 8:08am Jul 15, 2011 8:08am
All the definitions and indicators that I have seen use EMAs. I am using a template from an earlier post (with different colors) and it actually uses separate EMA lines instead of a GMMA indicator.

I believe the point of using the Guppy MAs is simply as a tool to visualize the trend and to provide a zone where prices penetrate and then bounce off.

If you want to learn more about trading the Guppy way, there are several threads here on FF. I'm not sure if any of them are active, but I suspect they at least cover the basics well.

George


Quoting msmarple
Hello,

I am reading this thread with great interest, thanks to the author and all contributors. I have a short question about the Guppy MA`s : I noticed there are several threads about this way of trading.

Could one of the experts or Guppy traders point me to a description of the MA`s and their function ? Are they all EMA`s or did you modify them at some point and use SMA, LWMA etc. ?

I need some clarification on this, I thank in advance for any link or advice.

Many pips to you.



_____________
michael
  • #493
  • Jul 15, 2011 8:39am Jul 15, 2011 8:39am
Attached is a chart of this morning's possible trades during the US session. I'm relatively new to this method, so everyone else feel free to jump in.

I've marked the three areas as Z1 - Z3.

Z1 - Despite having a very attractive curve, this is a non trade for two reasons. The long term MAs haven't spread out enough after the turn down and we are too close to the 12:30 GMT news announcements.

Z2 - This happened right after the small spike down from the news announcement. I generally wait 2-3 minutes after a news announcement to consider trading again. This move down had the potential for 20-24 pips before the retrace and next signal.

Z3 - This move was good for up to 17 pips.


One question that is still outstanding for me, is at what point in the zones do you take the trade. I generally look for a penetration of the 12 EMA or a multi-bar stall as it approaches the 12. Are others looking at the stochastic crossing the signal line or something like that?

George
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  • #494
  • Jul 17, 2011 8:24pm Jul 17, 2011 8:24pm
While this system is not touted as being for the Asian session, the principles all still apply. For example, in tonight's trading we've seen the following so far:

Z1: The first trigger of the evening (well, evening for me) came after a 40 pip drop at the beginning of the Tokyo session. I wasn't really happy about the big move, but price seemed well contained on the upside by the 12EMA, so I went for it. Trade was good for around 12 pips.

Z2: We had one bar close above the 12EMA and it was heading down again. Move went for a maximum of 19 pips before a retrace and new trigger.

As far as my trading goes, I am personally trading with a set 8 pip SL (including spread) since my broker varies between a 1.8 and 2.5 or so pip spread on EUR/USD. I like to trail based on the 12EMA, and get out when it closes above it. I also generally only give price one or two bars to get through S/R before giving up on it and closing manually.

Anyhow, I'm done for this session. I'll start again at 9:00 GMT. Hopefully I'll see some of you then.

George
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  • #495
  • Jul 17, 2011 8:35pm Jul 17, 2011 8:35pm
Quoting wfh2006
While this system is not touted as being for the Asian session, the principles all still apply. For example, in tonight's trading we've seen the following so far:

Z1: The first trigger of the evening (well, evening for me) came after a 40 pip drop at the beginning of the Tokyo session. I wasn't really happy about the big move, but price seemed well contained on the upside by the 12EMA, so I went for it. Trade was good for around 12 pips.

Z2: We had one bar close above the 12EMA and it was heading down again. Move went for a maximum of 19...
Thanks for posting examples, but IIRC, today was a Tokyo bank holiday.
  • #496
  • Jul 17, 2011 8:46pm Jul 17, 2011 8:46pm
It is a holiday, but I usually still trade the Asian session if it is the beginning of the week.

Quoting JusticeFX
Thanks for posting examples, but IIRC, today was a Tokyo bank holiday.
  • #497
  • Jul 17, 2011 11:53pm Jul 17, 2011 11:53pm
for a nice week to all
  • #498
  • Jul 18, 2011 1:33am Jul 18, 2011 1:33am
I always watch asain get soem great moves and it is just after I get up so perfect timing for me.
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  • #499
  • Jul 18, 2011 1:36am Jul 18, 2011 1:36am
still in that trade, SL at +8 =+1%
  • #500
  • Jul 18, 2011 1:41am Jul 18, 2011 1:41am
miss to add, here the chart.

out at +24 =+3% and end for the day :-)
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