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Yet another moving average crossover system

  • #261
  • Oct 20, 2011 7:13am Oct 20, 2011 7:13am
Quoting AndreasF
I think I will stick to H1 for the time being.
There are many trades and I'm used to this TF
Now in GBPCHF +50
You have a great multi TF indicator in the top right hand corner of your charts, can you share its source? An easy one look tells the complete story. thanks, p.
  • #262
  • Oct 20, 2011 7:23am Oct 20, 2011 7:23am
Quoting FXForLife
just curious lawgirl21 - why do you trade two very correlated pairs? why not just focus on one?
I trade 3 correlated pairs. Because they so closely follow each other, I can double or triple my pips on a good move. However, I enter each pair based purely on that pairs set up.
  • #263
  • Oct 20, 2011 7:25am Oct 20, 2011 7:25am
Quoting piprac
You have a great multi TF indicator in the top right hand corner of your charts, can you share its source? An easy one look tells the complete story. thanks, p.
Please find the files attached.
This indi shows the current candle colour on all TF -useful for trading with momentum.
Attached File(s)
File Type: ex4 TRO_Multi_Meter_CandleColor.ex4   12 KB | 395 downloads
File Type: mq4 TRO_Multi_Meter_CandleColor.mq4   15 KB | 518 downloads
  • #264
  • Oct 20, 2011 7:26am Oct 20, 2011 7:26am
Quoting forexpippy
Just started trading this on a small account in conjunction with the BO strategy, focussing on breakouts in the trend direction after London open.

Initial trade:

CHFJPY long @ 84.979 (18 pip SL) = quick 55 pip profit.

Once that trade was closed, I moved the SL on the following trades to nearby S/R to secure in a small profit, so as not to negate my CHFJPY win for the day! I eventually closed them out upon recross of the SMAs.

USDCAD short @ 1.01914 = 29 pips
NZDUSD long @ 0.79467 = 17 pips
EURCHF short @ 1.23903 = 19 pips

My initial stoploss...
Great pipping,forexpippy! You've really got it!
  • #265
  • Oct 20, 2011 7:27am Oct 20, 2011 7:27am
Short in XAUUSD.
Attached Image
Enter Signature
  • #266
  • Oct 20, 2011 7:37am Oct 20, 2011 7:37am
Quoting maudur
Short in XAUUSD.
Exit +40 pips
Enter Signature
  • #267
  • Oct 20, 2011 7:37am Oct 20, 2011 7:37am
Sharp turndown on my 3 pairs. US $ index is down, so dollar pairs should be down. Playing the waiting game for EU, GU and AU to choose a direction.
  • #268
  • Oct 20, 2011 8:02am Oct 20, 2011 8:02am
In EURAUD right now -trade with 200 EMA direction
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 14 KB
  • #269
  • Oct 20, 2011 8:11am Oct 20, 2011 8:11am
I'm short on the M30 and M5 charts
Attached Image
  • #270
  • Oct 20, 2011 8:33am Oct 20, 2011 8:33am
Quoting lawgirl21
I'm short on the M30 and M5 charts
Down 10 pips...volatile this morning..
Set TP at 37407...shot down and hit it...out with 12 pips...I didn't like that ride.
  • #271
  • Oct 20, 2011 8:39am Oct 20, 2011 8:39am
Quoting lawgirl21
Down 10 pips...volatile this morning..
Set TP at 37407...shot down and hit it...out with 12 pips...I didn't like that ride.
Agreed. I spotted a beautiful recross on the M15 for CHFJPY with everything pointing in the right direction.

I've re-entered long with a fairly tight SL, but the price is bouncing all over the place! Will be calling it a day after this trade I think.
  • #272
  • Oct 20, 2011 8:43am Oct 20, 2011 8:43am
Quoting forexpippy
Agreed. I spotted a beautiful recross on the M15 for CHFJPY with everything pointing in the right direction.

I've re-entered long with a fairly tight SL, but the price is bouncing all over the place! Will be calling it a day after this trade I think.
Probably wise. Looks like some stop hunting going on with the whipsaws. EU popped up around 40 pips on my short trade, then back down immediately....looking for stops.
  • #273
  • Oct 20, 2011 8:47am Oct 20, 2011 8:47am
Hi Lg

Are you going to stick with the EMA's from now on.

Aj1
  • #274
  • Oct 20, 2011 8:51am Oct 20, 2011 8:51am
Quoting Aj1
Hi Lg

Are you going to stick with the EMA's from now on.

Aj1
I look at them both, but because I am somewhat impatient, I am using the EMAs primarily because they seem to give a quicker signal. However, the smoothed are more conservative and likely give a more confirmed signal.
  • #275
  • Oct 20, 2011 8:58am Oct 20, 2011 8:58am
One more thing if I may, to my question last night, you said when you take your trades on the 1hr, you wait for the 15min for confirmation.
Could you expand on that please.

Thanks
Aj1
  • #276
  • Oct 20, 2011 9:21am Oct 20, 2011 9:21am
Quoting AndreasF
Please find the files attached.
This indi shows the current candle colour on all TF -useful for trading with momentum.
Thank you. I see you use a 200 ema for trend direction, I use 150. Either one should be ok. Thanks again, p.
  • #277
  • Oct 20, 2011 9:31am Oct 20, 2011 9:31am
Lawgirl, what do you think if to take signals from 30min. chart instead of 1h? Thank you
  • #278
  • Oct 20, 2011 12:00pm Oct 20, 2011 12:00pm
Quoting lite27
Lawgirl, what do you think if to take signals from 30min. chart instead of 1h? Thank you
The M30 with the M5 for confirmation should give a good signal.
  • #279
  • Oct 20, 2011 7:19pm Oct 20, 2011 7:19pm
I'm long in AUDUSD.
Attached Image
Enter Signature
  • #280
  • Oct 20, 2011 7:43pm Oct 20, 2011 7:43pm
Quoting maudur
I'm long in AUDUSD.
Me too...
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