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Yet another moving average crossover system

  • #361
  • Oct 24, 2011 10:30am Oct 24, 2011 10:30am
Charts..
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  • #362
  • Oct 24, 2011 10:32am Oct 24, 2011 10:32am
Quoting lawgirl21
Charts..
I'm with you on AUDUSD, just bought at pretty much the exact same price.
  • #363
  • Oct 24, 2011 10:43am Oct 24, 2011 10:43am
Quoting forexpippy
I'm with you on AUDUSD, just bought at pretty much the exact same price.
To really watch PA...throw a 1EMA on the chart..I look for that beautiful 12:00 angle.
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  • #364
  • Oct 24, 2011 10:45am Oct 24, 2011 10:45am
"12:00 High"
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  • #365
  • Oct 24, 2011 11:03am Oct 24, 2011 11:03am
Quoting lawgirl21
"12:00 High"
Trailing stop hit. Out with 8 pips. Tough trading this morning.
  • #366
  • Oct 24, 2011 11:31am Oct 24, 2011 11:31am
[quote=forexpippy;5066924]Despite saying I was going to get out of the market this morning after an early couple of wins, since this is only on a small account I figured the practice would do me good.

Spotted a lovely cross on the M15 for EURAUD which provided a nice entry for the steep EMA angles on the H1. Got out with 21 pips.

Forexpippy, did you take the cross-over on your 15m screen as an entry knowing that the H1 was trailing sharply down? And can and should this be done on other pairs? So many times I see the H1 in a trend and have to wait quite sometime for the 15m to catch up. Other times it is just the opposite. Thanks and LG thank you also for your contribtions here and otherwise! Super system if I can ever be on the correct screen at the appropriate time. 66trader66.
  • #367
  • Oct 24, 2011 11:37am Oct 24, 2011 11:37am
[quote=66trader66;5067267]
Quoting forexpippy
Despite saying I was going to get out of the market this morning after an early couple of wins, since this is only on a small account I figured the practice would do me good.

Spotted a lovely cross on the M15 for EURAUD which provided a nice entry for the steep EMA angles on the H1. Got out with 21 pips.

Forexpippy, did you take the cross-over on your 15m screen as an entry knowing that the H1 was trailing sharply down? And can and should this be done on other pairs? So many times I see the H1 in a trend...

Yes, the 200 EMA was down and the 3/8 EMAs were in the 5pm position, running parallel to each other, i.e. a strong downtrend.

So I used the cross of the EMAs on the M15 to identify a good point to jump on board the trend (which was after the price moved back downward following a retrace). The EMAs crossing on the M15 offer a good confirmation of this.
  • #368
  • Oct 24, 2011 1:03pm Oct 24, 2011 1:03pm
Quoting forexpippy
I'm with you on AUDUSD, just bought at pretty much the exact same price.
TS just triggered on AUDUSD for 25 pips.

That makes a total of 158 pips today
  • #369
  • Oct 24, 2011 1:10pm Oct 24, 2011 1:10pm
Quoting forexpippy
TS just triggered on AUDUSD for 25 pips.

That makes a total of 158 pips today
Hit my TP for 18. Your total is awesome! Now the trick is to end the week with that....and more...although that would be a good week's work.
  • #370
  • Oct 24, 2011 1:21pm Oct 24, 2011 1:21pm
Quoting lawgirl21
Hit my TP for 18. Your total is awesome! Now the trick is to end the week with that....and more...although that would be a good week's work.
This is only on a small account for practice. If I had serious money in there I would have stopped after the first trade of the day (which was over 60 pips).

I'm fortunate enough to be able to watch London open since I'm based in the UK. This gives me an hour or so before I head to the office to set up all my potential trades etc.

Then it's just a case of monitoring the set ups.

In reality, all of the trades I took after the first couple are more risky because I'm trying to do my analysis on an iphone, and monitoring things during the working day - not ideal! I can load up Oanda from my laptop in the office, so will probably start using that more (MT4 is junk anyway!)

However, I'm happy with one quality trade each day, and these charts are producing plenty at the moment.
  • #371
  • Oct 24, 2011 2:30pm Oct 24, 2011 2:30pm
Todays EU Pips
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  • #372
  • Oct 24, 2011 3:01pm Oct 24, 2011 3:01pm
Hi Lawgirl
Can I ask why you chose 4 one hourly candles for BO? Is it just something you have spotted on charts which makes this number of candles the best or something else?
Kind Regards
Geoff
  • #373
  • Oct 24, 2011 3:25pm Oct 24, 2011 3:25pm
Quoting GEOFFREY62
Hi Lawgirl
Can I ask why you chose 4 one hourly candles for BO? Is it just something you have spotted on charts which makes this number of candles the best or something else?
Kind Regards
Geoff
I use the first four candles of the trading day to set S/R areas. But I have also used all 8 candles of the Asian session to do the same. There are some very successful traders who tell us not to trade at all during the Asian session because that is when the Big Dogs are setting their ranges.

But, I have found a 4 hour range to be about all that is needed to set the S/R area. I do trade the Asian session, due to my time zone.
  • #374
  • Oct 24, 2011 5:12pm Oct 24, 2011 5:12pm
...what is your time zone? Thx
  • #375
  • Oct 24, 2011 5:59pm Oct 24, 2011 5:59pm
Quoting Coast101
...what is your time zone? Thx
Same as yours, I think. PST....I'm in southern California.
  • #376
  • Oct 24, 2011 6:02pm Oct 24, 2011 6:02pm
Quoting WaveTrend
Todays EU Pips
Good pipping, WT..
  • #377
  • Oct 24, 2011 6:19pm Oct 24, 2011 6:19pm
Hello Lawgirl and everyone, It's very nice find great people like you, helping other being better through the days. After reading many threads i´d say this is nº 1.
I've seen you logged in always that i check the forum, that show us your effort to reach success.
Sorry .. my english is not so well
Thanks
  • #378
  • Oct 24, 2011 6:24pm Oct 24, 2011 6:24pm
EUUD 5 min short at 3917.. i reckon the Index is going up ..
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  • #379
  • Oct 24, 2011 6:37pm Oct 24, 2011 6:37pm
Yes, SD. New to FF forums. Thanks much for info ..... will have to test for myself. It appears that many have been experiecing "above average" results, so far.
  • #380
  • Oct 24, 2011 8:54pm Oct 24, 2011 8:54pm
This worked for me beautifully the last week.

I struggled with two different methods before this and watched my equity drop to half. Then after using this method, I managed to recover my loss plus a bit more now.

I find it is simple and clean. Not too many lines. Very specific too - if this happens, then do this. I am an engineer so I like set rules rather than fuzzy logic.

Now, the only thing I have to be wary is anticipating the crossings. We always like to get the tops and bottom don't we?

The 1H is also good as I work but I can glance through every hour or so. Better still when I am in position after a cross. Then I can come back to it after two or three hours.

Nice. Thanks Lawgirl.
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