Ok I don't get it please help

I've been useing your system in my demo and have had great success. I want to say thank you once again. Thank you

Thank you. I appreciate the kind words from everyone and I'm glad you've found the information useful. Hopefully the Fibbonacci revisions will also prove just as useful.

I charts I uploaded for the new book were unmarked as to leave it to the reader to analyze. I was suprised that no one questioned the dip in the EMA 8 through the EMA 55 on the EURO/USD 1 hour chart on a seemingly failed short position. Perhaps I assumed too much.

What I was hoping someone would catch is that where the system "appears" to have failed at first glance is actually a large success. One of the rules for the Fibbonacci revision I posted was "Do not open a position against the major trend". So the apparent failure was not; due to the fact it was against the major. Maybe everybody caught my question snare?

Thanks for the info and systems. I saw you had held positions that were 50-70 pips against you before turning around. Do you use stops or how would you determine when to cut your loss? I would think that at the extreme the entry criteria would have reversed, so how did you determine or decide to sit tight and know that it would go in your favor? Have you read Bird Watching in Lion Country? His strategy is to use 1:1 leverage and only trade with the main trend and to sit out minor reversals since you can with low leverage.

Thanks again for the great info.

No, I actaully have never read any trading books, (ooops! Should I have admitted that?!) but my criteria is the same.

I normally don't apply stops while I'm watching the charts. If I leave for an extended time, yes. Like you stated, I only trade with the major trend (actually I was sitting here writing an article about that!) and have already mentally accepted the minor swings as part of the progression. I consider the major trend for the hourly to be the daily chart.

Not to downplay the importance of technical study, but 99% of Forex trading is just plain common sense.

So you hit the genetic lottery for trading skills, lucky you. Did you learn from the web or have a mentor teach you? I really believe there is more than enough information available free on the web to learn to trade. OK, not free. There is an investment of time and effort to find what you are looking for.

Unless you found FOREX FACTORY first.

MB,

wanted to ask you whether it mattered which MA's cross first. Sometimes the 10 crosses the 50 first and the 25 is still catching up. On today's USDJPY 15min chart there's such a case.

Thanx

Well, you could contribute some to my programming background. I researched mostly on the web and small tidbits here and there. However, there was still a learning curve.

As long as the EMA 10 crosses COMPLETELY through the EMA 50, you're okay. The best way to comfirm things you may have questions about is to plot the system on various currencies and study the history of the movements to see where it succeeded angd where it failed. That's basically how I came about the second revision of the system to make it more precise.

Thanks again for sharing this system. I am a little confused as to when you should enter, when the 10 crosses both the 25 and 50 or when the 10 crosses either 25 or 50? Should the 10 cross both of them within a set space of time or can the 10 cross one and then cross the other a few bars later?

Thank you

Hi there, i visited the site/link and am at a loss as to exactly where MB's "system" is explained. I finaly found MB's blog but the last entry is listed as 02/09/06 ?? so i'm asuming that isn't the right page.

THX for the direct link???
Cheers

Sorry, i don't get it either.

Hi, i'm new here at this side.

What i found out, there is a system. Furthermore, some people say, it's servin'
them well.

That system is obviously from MuddBuddha, who's Avatar reminds me btw of
Password 'Swordfish'.

Now, where can i find more about that tradin' system?

I'm curious!

Tojoko

read this thread from the beginning and the system is fully explained

Just looking for comments, did I get this rightlook at the one-hour chart, if the moving averages cross and the parabolic stars are on the correct side for a trade, then look at the 15 minute chart if the parabolic stars are in agreement buy or sell accordingly.

Is there any modifications I should do to the coding?

i like this system...very easy to follow...