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Yet another moving average crossover system

  • #221
  • Oct 19, 2011 8:38am Oct 19, 2011 8:38am
Quoting dimlat
went short EURGBP on H1 crossover - scaled in 2 trades - 23 pips up at the mo.
Great dimlat..I'm glad you are posting other pairs than the 3 I am trading.
  • #222
  • Oct 19, 2011 9:58am Oct 19, 2011 9:58am
Quoting lawgirl21
Great dimlat..I'm glad you are posting other pairs than the 3 I am trading.
had a crazy day yesterday.......ignored many rules and nearly blew my account - up 500 pounds one minute......down 700 the next.........cut my losses and ran

lessons learned

1. never trade just before the news

2. always use good money management

3. dont chase losses - close the computer and take a walk !

4. always set a SL

5. dont overtrade

6. dont pull the trigger unless you have checked the larger TF carefully

anyhow....live to fight another day

currently up 40 pips on 2 trades on EURGBP - trailing SL set - 4 minilots

happy trading
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  • #223
  • Oct 19, 2011 10:05am Oct 19, 2011 10:05am
Quoting shaikjun
Hi Lehmann,so very good ,i can say 70-80% ,only problem is the HIGH impact news ,so we should avoid trading this method or any method when approaching high impact news,ive attach the result from yest ,and im still holding on to the remaining trades/lots to ride the trend
Thnx, can anyone compare their stats with lawgirls method???
  • #224
  • Oct 19, 2011 10:32am Oct 19, 2011 10:32am
Hi Lawgirl,

Figured I'd chime in as I also trade crossovers with similar MA's, although I use two sets of MA's 5/10 EMA and 30/60 EMA, and enter on pullbacks, and only trade 4H and Weekly. Trading these two TF's on the same pair keeps the trades balanced and has worked very well for me through trending and ranging markets, especially when combined with a trend reversal strategy. It took me a long time to figure out how profitable simple strategies like this can be when applied correctly.
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  • #225
  • Oct 19, 2011 11:05am Oct 19, 2011 11:05am
Right now in AUDUSD M30
Countertrend trade
Attached Image (click to enlarge)
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  • #226
  • Oct 19, 2011 12:09pm Oct 19, 2011 12:09pm
Quoting AndreasF
Right now in AUDUSD M30
Countertrend trade
Andreas, I think you're using EMA and not SMMA. Please see the change in post # 1.
Enter Signature
  • #227
  • Oct 19, 2011 12:34pm Oct 19, 2011 12:34pm
Quoting maudur
Andreas, I think you're using EMA and not SMMA. Please see the change in post # 1.
I am still testing them against each other. The smoothed seems to be more conservative and gives a later signal than does the exponental. Both work well. We are using the smoothed for uniformity.
  • #228
  • Oct 19, 2011 12:39pm Oct 19, 2011 12:39pm
Both in pullbacks now...countertrend trades.
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  • #229
  • Oct 19, 2011 1:11pm Oct 19, 2011 1:11pm
Quoting lawgirl21
Both in pullbacks now...countertrend trades.
Both hit my TP for total of around 70 pips.
  • #230
  • Oct 19, 2011 1:35pm Oct 19, 2011 1:35pm
Quoting lawgirl21
Both hit my TP for total of around 70 pips.
How Many pips was TP in each pair?
Enter Signature
  • #231
  • Oct 19, 2011 1:45pm Oct 19, 2011 1:45pm
hi Lg

Can I ask did you take both trades of the 1hr.
And how long do you wait before you get, and what other factors if any do take into account before getting into a trade.

Regards

Aj1
  • #232
  • Oct 19, 2011 2:20pm Oct 19, 2011 2:20pm
Quoting Aj1
hi Lg

Can I ask did you take both trades of the 1hr.
And how long do you wait before you get, and what other factors if any do take into account before getting into a trade.

Regards

Aj1

I took both trades off the H1 charts with confirmation on the M15 charts. I was using the EMA setup however, not the SMMA and the EMA got me into the trade faster than the smoothed, but I had to wait longer for profit.
  • #233
  • Oct 19, 2011 2:32pm Oct 19, 2011 2:32pm
Quoting maudur
How Many pips was TP in each pair?
I am on my office computer now and can't look up exact numbers, but roughly 30 on EU and 40 on AU.
  • #234
  • Oct 19, 2011 2:42pm Oct 19, 2011 2:42pm
Quoting lawgirl21
I am on my office computer now and can't look up exact numbers, but roughly 30 on EU and 40 on AU.
Thanks LG. My question is mostly to know if you decided to take those TP for some special criteria or not.

In my first trades with this strategy I used Trailing Stop and not Take Profit and have left many pips on the table.

Thank you very much.
Enter Signature
  • #235
  • Oct 19, 2011 2:51pm Oct 19, 2011 2:51pm
Quoting maudur
Thanks LG. My question is mostly to know if you decided to take those TP for some special criteria or not.

In my first trades with this strategy I used Trailing Stop and not Take Profit and have left many pips on the table.

Thank you very much.
No, I have no special way to calculate TP other than reasonable S/R areas and TLs and whether or not it is a trend or countertrend trade.

We will almost always leave pips on the table because we can't judge the tops or the bottoms. Don't let that bother you...there is a next trade right around the corner. I lost almost 50 pips on an earlier trade by setting a SL +3....can't even remember the pair now...would have to look it up.... because that was several good trades ago.

One of my trading mottos is: Move in, move out...but keep on moving.
  • #236
  • Oct 19, 2011 7:22pm Oct 19, 2011 7:22pm
Quoting lawgirl21
Both in pullbacks now...countertrend trades.
i thought you were only taking long trades above the 200 ma ie, post #1. these 2 charts show taking short trades above the 200 ma.???
  • #237
  • Oct 19, 2011 7:38pm Oct 19, 2011 7:38pm
Quoting cuddlebum
i thought you were only taking long trades above the 200 ma ie, post #1. these 2 charts show taking short trades above the 200 ma.???
No, I pointed out that these were countertrend trades. Re-read page 1.
  • #238
  • Oct 19, 2011 7:45pm Oct 19, 2011 7:45pm
Hi Maudur

Glad to see you back!

Actually I use SMMA on the charts, maybe it is a data issue caused by different brokers we use so we get different charts from time to time?

Cheers
Andreas

Quoting maudur
Andreas, I think you're using EMA and not SMMA. Please see the change in post # 1.
  • #239
  • Oct 19, 2011 8:17pm Oct 19, 2011 8:17pm
Moving down again. The angles are perfect.
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  • #240
  • Oct 19, 2011 8:26pm Oct 19, 2011 8:26pm
Quoting AndreasF
Hi Maudur

Glad to see you back!

Actually I use SMMA on the charts, maybe it is a data issue caused by different brokers we use so we get different charts from time to time?

Cheers
Andreas
Hi Andreas, I'm also glad to see you in this thread.

If the truth is that brokers have different graphs are a little different. The interesting thing is to follow this strategy and actively participate to support each other.

Still running trades with H1 4C BO?
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