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Yet another moving average crossover system

  • #161
  • Oct 18, 2011 10:14am Oct 18, 2011 10:14am
look at my AUS 1hr chart and see.

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  • #162
  • Oct 18, 2011 10:15am Oct 18, 2011 10:15am
Quoting Aj1
Ok I will have a look. What are your thoughts on the AUS on the 1hr, I want to take it on, but I dont think it likes me.

Aj1
This pair is not showing us anything at this time, in my opinion. It seems to be taking a break after that nice move down.

There might be something showing on a lower TF, but to me, that would be chasing the trade.

Notice though that yesterday's move down was almost exactly the same as the move up the day before. Price looks to be wanting to move up again and the 200 EMA suggests long is to be expected....just not quite yet.
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  • #163
  • Oct 18, 2011 10:18am Oct 18, 2011 10:18am
H Aj1, thanks. My chart looks exactly like your's when I use 3 and 8 EMA's.
BTW, I'm using FXDD.
  • #164
  • Oct 18, 2011 10:21am Oct 18, 2011 10:21am
Quoting Darryl
Hi zznbrm, you're right, thank you. But now I'm confused, which one do I use? 3 and 8 EMA's, or 3 and 8 SMMA's to match Lawgirl's charts?
Darryl,

Yes, it is confusing. It is very clear from the lawgirl21's charts that 3/8 Smooth MAs are being used. I'm not sure why they are advertised as EMAs????

And no...these obvious differences in MAs can NOT be attributed to broker data feeds. That's just silly!

Aj1 is clearly showing EMAs.

I guess you can use what works best for you.
  • #165
  • Oct 18, 2011 10:24am Oct 18, 2011 10:24am
Thanks for having a look for me Lg, although on my chart that I just posted it is showing a long.

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  • #166
  • Oct 18, 2011 10:29am Oct 18, 2011 10:29am
Quoting zznbrm
Darryl,

Yes, it is confusing. It is very clear from the lawgirl21's charts that 3/8 Smooth MAs are being used. I'm not sure why they are advertised as EMAs????

And no...these obvious differences in MAs can NOT be attributed to broker data feeds. That's just silly!

I guess you can use what works best for you.
I owe everyone an apology....I have been using and testing both EMAs and smoothed MAs....what I have been posting this morning has been the 3,8 Smoothed MAs. I am not seeing a big difference in trades between the two set-ups, but I am truly sorry for the confusion.

I had no intention of "advertising" anything. I gain nothing from any of this.
  • #167
  • Oct 18, 2011 10:34am Oct 18, 2011 10:34am
Quoting lawgirl21
I owe everyone an apology....I have been using and testing both EMAs and smoothed MAs....what I have been posting this morning has been the 3,8 Smoothed MAs. I am not seeing a big difference in trades between the two set-ups, but I am truly sorry for the confusion.

I had no intention of "advertising" anything. I gain nothing from any of this.

What should we go with then?

Aj1
  • #168
  • Oct 18, 2011 10:42am Oct 18, 2011 10:42am
Quoting Aj1
What should we go with then?

Aj1
Here they are side by side. The smoothed is more conservative than the expo. I am going to be using the smoothed.
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  • #169
  • Oct 18, 2011 10:48am Oct 18, 2011 10:48am
I have made the changes from EMA (except the 200) to SMA for the 3 and 8 on page 1. Hopefully I caught them all.

Again, sorry for the confusion. Pips were made from both setups.
  • #170
  • Oct 18, 2011 10:49am Oct 18, 2011 10:49am
Now my charts are the same.


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  • #171
  • Oct 18, 2011 10:50am Oct 18, 2011 10:50am
Hi LG.

Simple but effective strategy, congratulations and thanks, I will follow with interest. Also thanks for your contribution to FF on your other strategies.

One question if I may: You mentioned you had gone short recently on the EUR/USD and yet price is above the 200 MA (which is flattening out a bit) on the 1 HR TF.

Your instruction in post one is to only trade in the direction of the trend.

Any reason for this trade?

Regards
Paul
  • #172
  • Oct 18, 2011 10:56am Oct 18, 2011 10:56am
Thank you Lawgirl and everyone's help on this. I've changed my MA's to 3 and 8 Smoothed. Left the 200 alone.
  • #173
  • Oct 18, 2011 11:00am Oct 18, 2011 11:00am
Quoting paulwales
Hi LG.

Simple but effective strategy, congratulations and thanks, I will follow with interest. Also thanks for your contribution to FF on your other strategies.

One question if I may: You mentioned you had gone short recently on the EUR/USD and yet price is above the 200 MA (which is flattening out a bit) on the 1 HR TF.

Your instruction in post one is to only trade in the direction of the trend.

Any reason for this trade?

Regards
Paul
Purely countertrend trades for the last 2 days on EURUSD and GBPUSD based on the USD Index going up, which generally mean EU and GU go down. There was just too srong a move down not to get in, but countertrend trades must be watched more closely, in my opinion, and generally don't produce as many pips.

Check post 1 again, I have updated to address countertrends.
  • #174
  • Oct 18, 2011 11:04am Oct 18, 2011 11:04am
USDCAD trade today: 77 pips

Now I took EU as a trend trade setup
It bounced off 200 EMA


Quoting lawgirl21
Purely countertrend trades for the last 2 days on EURUSD and GBPUSD based on the USD Index going up, which generally mean EU and GU go down. There was just too srong a move down not to get in, but countertrend trades must be watched more closely, in my opinion, and generally don't produce as many pips.

Check post 1 again, I have updated to address countertrends.
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  • #175
  • Oct 18, 2011 11:05am Oct 18, 2011 11:05am
Thanks. Makes perfect sense.
  • #176
  • Oct 18, 2011 11:46am Oct 18, 2011 11:46am
Entered this pair long..up about 15 pips so far.
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  • #177
  • Oct 18, 2011 11:58am Oct 18, 2011 11:58am
So, Lawgirl we should use 200EMA and 3, 8 smoothed EMAs? I ask, because you spoke about 3, 8 SMAs. Thank you
  • #178
  • Oct 18, 2011 12:15pm Oct 18, 2011 12:15pm
Quoting lite27
So, Lawgirl we should use 200EMA and 3, 8 smoothed EMAs? I ask, because you spoke about 3, 8 SMAs. Thank you
Exactly right.
  • #179
  • Oct 18, 2011 12:42pm Oct 18, 2011 12:42pm
Hi LG,
Been a while. Enjoying you new thread, looks like a fun idea. Am subscribed and will give it a demo. Glad to see you doing good

Take Care
Always Learning
  • #180
  • Oct 18, 2011 12:53pm Oct 18, 2011 12:53pm
Quoting JayTrader
Hi LG,
Been a while. Enjoying you new thread, looks like a fun idea. Am subscribed and will give it a demo. Glad to see you doing good

Take Care
Thanks Jay...good to hear from you.
Rebecca
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