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  • #121
  • Aug 18, 2011 4:04am Aug 18, 2011 4:04am
sidefx,

You are correct & that is what I use as a filter as well. Over the last weeks have been averaging 1-2 nice trades per day. The method will capture the big move of the day, but as the thread creator stated....."you must wait for the trade to come to you". I never chase a trade using this method, or any method. Being patience & waiting for the trade to develope will most of the time produce the pips.

BTW: I enjoy your clear & informative post on how you use this method.
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  • #122
  • Edited 4:25am Aug 18, 2011 4:14am | Edited 4:25am
Quoting acetrader
sidefx,

You are correct & that is what I use as a filter as well. Over the last weeks have been averaging 1-2 nice trades per day. The method will capture the big move of the day, but as the thread creator stated....."you must wait for the trade to come to you". I never chase a trade using this method, or any method. Being patience & waiting for the trade to develope will most of the time produce the pips.

BTW: I enjoy your clear & informative post on how you use this method.
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Thanks Ace, yes, this latest trade is a great example of why i don't usually use the standard entry, to my mind it ends up a zero sum strat if you don't factor in other price action criteria, but like we're always saying, each to their own.

Edit:...10:26(UK) - now the big dogs are showing their hand, MAs now nicely in agreement and in for the ride. Good trading all.
  • #123
  • Aug 18, 2011 5:57am Aug 18, 2011 5:57am
Quoting sidefx
Well, went long with initial small stake to test the standard entry, my head is saying 'no' because of the resistance just overhead, but hey it seems to be working for you guys, so i'm joining the party

Edit:...09:56(UK) - now testing the Asian Range high.
Edit:...10:04 - not looking good, will the 50 odd pip SL hold i wonder...
Edit:...10:14 - SL filled (-50) - this example demonstrates my reasons for not taking every standard entry crossover.
the setup is bad today. the gap between 133 and 222 is too big. prefer something like 10-15pips for good 100pips run.
  • #124
  • Aug 18, 2011 6:02am Aug 18, 2011 6:02am
Quoting dsugums
the setup is bad today. the gap between 133 and 222 is too big. prefer something like 10-15pips for good 100pips run.
Agreed. It would be good to see some live trades from you, dsugums - if you're in a position to do so, when they set up. All the best.
  • #125
  • Aug 18, 2011 6:12am Aug 18, 2011 6:12am
The distance wasn't that bad, 16 after the cross. But the 2 MAs weren't showing that they were getting together, they were going parallel, until one big candle happened. I think that candle screwed up everything, someone tried to reverse the market and it didn't worked... Some of you have read Jesse Livermore ? Never forget, price is leading the market, not indicators.

Technical analysis is just mathematics, all it takes to influence it is a big order that goes against the setup and that becomes a bad signal, and market go back to his original path, that big candle was noise. However, it is easy to say after it, for us it was just a bad signal, we know we'll have some, right ?
  • #126
  • Aug 18, 2011 6:28am Aug 18, 2011 6:28am
sidefx
For your lost, It is just a matter of timing. If you took the cross signal since 3 weeks just as they come, losing that trade wouldn't bothered you, not after all those wins. But today you picked the wrong one to start, thats all.

What is frustrating you, I believe that it is because you went off your path to test the original setup. To really test it, you need more than just 1 trade. And you know that, you saw all those winners before today. So if you do want to test it, do not quit after just a fluke. However, you were doing fine with your own way so far, so one way or the other, as long as you make money...

In technical analysis we must take each signal that we see, if we start to pick them up, we probably end up taking the bad ones and let pass the good ones...

Dsugums
Did you take that signal ?
  • #127
  • Aug 18, 2011 6:40am Aug 18, 2011 6:40am
Quoting ttaro27
sidefx
For your lost, It is just a matter of timing. If you took the cross signal since 3 weeks just as they come, losing that trade wouldn't bothered you, not after all those wins. But today you picked the wrong one to start, thats all.

What is frustrating you, I believe that it is because you went off your path to test the original setup. To really test it, you need more than just 1 trade. And you know that, you saw all those winners before today. So if you do want to test it, do not quit after just a fluke. However, you were doing fine with...
Thanks ttaro27...i appreciate what you're saying, i've been trading for 10+ years now and understand and agree with your post. I was using this morning's signal to see how i 'felt'...and my conclusion reinforces the filtering and way i trade this, so it was a useful exercise that cost just a few pennies. I find it too difficult to ignore S/R factors if they show themselves around entries.

Thankfully, my short setup has already made money for the day Good trading to you.
  • #128
  • Aug 18, 2011 6:50am Aug 18, 2011 6:50am
Just to let you know, since the beginning of this thread, there was 18 trades with this setup with the original rules from dsugums, 15 were winners, 3 losers.
  • #129
  • Aug 18, 2011 7:47am Aug 18, 2011 7:47am
at the time of writing this, the MA's are getting cloer together, so maybe a possibility soon.
  • #130
  • Aug 18, 2011 7:48am Aug 18, 2011 7:48am
Quoting ttaro27
Just to let you know, since the beginning of this thread, there was 18 trades with this setup with the original rules from dsugums, 15 were winners, 3 losers.
Great!....so let's see some live trades. Should make the thread more interesting and will be great to learn from too....anyone game? ...
  • #131
  • Aug 18, 2011 8:17am Aug 18, 2011 8:17am
Quoting sidefx
Great!....so let's see some live trades. Should make the thread more interesting and will be great to learn from too....anyone game? ...
Sounds a good idea sidefx will contribute when i can on the live trades, I still have to work though . I think the rules for entry for most will be the same, but everyone will have their own thoughts how they manage the trades after entry. but " HEY " lets give it a go, we all may learn from it in some way or another.
  • #132
  • Aug 18, 2011 8:32am Aug 18, 2011 8:32am
Guys - i can suggest not to wright here much, just use the system - because if system comes popular it always become fail system. You know it - so let's just use it not wright here. We can loose this system if lots of people will know about it.
Aut cum scuto, aut in scuto
  • #133
  • Aug 18, 2011 8:41am Aug 18, 2011 8:41am
Quoting profitmonit
Guys - i can suggest not to wright here much, just use the system - because if system comes popular it always become fail system. You know it - so let's just use it not wright here. We can loose this system if lots of people will know about it.
...i can assure you...it will not The best threads on FF are from full disclosure, realtime examples.
  • #134
  • Edited 9:43am Aug 18, 2011 9:29am | Edited 9:43am
Quoting ttaro27
sidefx
For your lost, It is just a matter of timing. If you took the cross signal since 3 weeks just as they come, losing that trade wouldn't bothered you, not after all those wins. But today you picked the wrong one to start, thats all.

What is frustrating you, I believe that it is because you went off your path to test the original setup. To really test it, you need more than just 1 trade. And you know that, you saw all those winners before today. So if you do want to test it, do not quit after just a fluke. However, you were doing fine with...
I did take the trade, but a bit sceptical. Closed it for -20pips when it starts to reverse. All signals pointed for long, but did not work out because the gap between 133 and 222 is quite big at about 20pips. Ideal should be less than 10. I reverse the trade when 4SMA crossed 133 again for about 100pips from the reversal.

It will be a good idea to check what 1M chart showing with same setting. It must be in agreement as well. I am usng it to kill bad trades such as today.

Anyway, today is one of those losing days, shit happens!

EUR/USD B 1.44452 1.44209 -24.3 0.00 8/18/2011 04:17 8/18/2011 04:53

EUR/USD S 1.42923 1.42779 14.4 0.00 8/18/2011 10:12 8/18/2011 10:21
EUR/USD S 1.43327 1.43050 27.7 0.00 8/18/2011 10:01 8/18/2011 10:07
EUR/USD S 1.43734 1.43413 32.1 0.00 8/18/2011 08:57 8/18/2011 09:56
  • #135
  • Aug 18, 2011 9:49am Aug 18, 2011 9:49am
Quoting handy148
at the time of writing this, the MA's are getting cloer together, so maybe a possibility soon.
Once the daily range been accomplish (average about 190 for today), the trend won't change. you need to wait for tomorrow to start the game again. Opportunity only knocks once a day
  • #136
  • Aug 18, 2011 10:03am Aug 18, 2011 10:03am
hey dsugums , did you ever think about put a pending order for this method? i think some bad trade will be filter out.
  • #137
  • Aug 18, 2011 10:24am Aug 18, 2011 10:24am
Quoting M5city
hey dsugums , did you ever think about put a pending order for this method? i think some bad trade will be filter out.
Can you explain ?
  • #138
  • Aug 18, 2011 10:31am Aug 18, 2011 10:31am
Quoting ttaro27
Can you explain ?
after the first bar pass though the 222, put a buy or sell stop order a few pips above/under the last close price, just make sure the we are in right direction!
  • #139
  • Aug 18, 2011 11:09am Aug 18, 2011 11:09am
The entry isn't when a bar cross 222, it is when the 4 sma do cross the 222. Me I see it that once the 4 sma has cross and the candle that saw it cross close, the entry should be at the opening of the next candle. But we could enter only once the high has been passed. By a pending order or by hand it is the same.

It wouldn't have saved today's lost, but it might help for the futur.
  • #140
  • Aug 18, 2011 11:50pm Aug 18, 2011 11:50pm
Quoting ttaro27
The entry isn't when a bar cross 222, it is when the 4 sma do cross the 222. Me I see it that once the 4 sma has cross and the candle that saw it cross close, the entry should be at the opening of the next candle. But we could enter only once the high has been passed. By a pending order or by hand it is the same.

It wouldn't have saved today's lost, but it might help for the futur.
Enter using 5M, exit using 1M. I think it will save huge SL and also reversing the trades.

To be on safe side, once the cross happen, wait for pull back and then enter on the break of previous high. We might loose few pips on late entry, but better than loosing 40-50pips
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