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Yet another moving average crossover system

  • #381
  • Oct 24, 2011 9:33pm Oct 24, 2011 9:33pm
Quoting lawgirl21
You got it exactly right, Tom, the M15 cross occurs first. That is a more aggressive entry, as you said and one can certainly be entered on the M15 cross. But I like confirmation of direction on at least 2 timeframes.

What I meant by looking for the cross on the H1 chart and confirming on the M15 is, if the M15 is still heading in the desired direction we have our confirmation of the trade. If it is not, we would not enter the trade at that time.
Thanks for adding this additional tidbit. I was wondering about the confirmation myself. Now it makes sense!

Now when you see a cross on the H1 and switch to M15 and the cross there already happened, do you still get in? Or do you wait for a better setup?
  • #382
  • Oct 24, 2011 10:02pm Oct 24, 2011 10:02pm
Quoting forexhard
I right there with you Lawgirl. Once you get over the fear of losing and you can trust your own intentions, making money at Forex can be simple and fun.

Here's a little envelope MA cross template of my own that I use every so often. No candles, just follow the white line and stay on the right side of the trend. How much easier can it be?

I guess great minds think alike, and all that.
I was setting up the different templates mentioned in the thread and I couldn't get this one to line up. My template did match the one that Lawgirl set up using ForexHard's settings on page 2 of the thread (can't remember the post). But I can't get my chart to match the one ForexHard posted on page 1. I was kind of curious.
  • #383
  • Oct 25, 2011 12:53am Oct 25, 2011 12:53am
EUUD 15 min still short from Asia at 3918..asper above post..
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  • #384
  • Edited 2:02am Oct 25, 2011 1:25am | Edited 2:02am
I'm long EU H1 right now.

update: SL hit at 1.3892
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  • #385
  • Oct 25, 2011 2:43am Oct 25, 2011 2:43am
Morning Guys
I have noticed a few posts concerning the 4 candle 1hr breakout, Staying within the context of LG thread I would like to say what I do, My metatrader period separator starts at 12.00am the start of the asian session, because I am in the UK, I an usually in bed at this time, with a 4x 1hr candle setup, the shaded area would finish at 4am, my trading day starts at 7am the start of Frankfurt/London, so I have extended my candles to cover from 12.00am to 7am so instead of a 4 candle bo I have a 7 candle 1hr break out, yes I sometimes miss a breakout during asia but I have to sleep sometime lol, pays good dividends if asia has a tight trading range and I can wait for a London session breakout, chart included

respect to all

Tom
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  • #386
  • Oct 25, 2011 4:33am Oct 25, 2011 4:33am
I'm long in EURUSD.

I'm using my EA BuyFibo in order to partially close the order at BreakEven, TP1 and TP2 and go moving the SL.
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  • #387
  • Oct 25, 2011 4:37am Oct 25, 2011 4:37am
Quoting maudur
I'm long in EURUSD.

I'm using my EA BuyFibo in order to partially close the order at BreakEven, TP1 and TP2 and go moving the SL.
Now closed 30% (Is a parameter) at BE level and moved SL to Open Price (BE).
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  • #388
  • Oct 25, 2011 4:50am Oct 25, 2011 4:50am
Closed EURUSD at BE.

Now I'm long in EURGBP.
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  • #389
  • Oct 25, 2011 4:53am Oct 25, 2011 4:53am
Quoting maudur
Closed EURUSD at BE.

Now I'm long in EURGBP.
Conditions are a bit wild today for this strategy huh?!!

I'm short in GBPCHF but it's not looking too healthy at the moment!

Might sit out until things settle down a bit.

EDIT: SL hit on GBPCHF, 26 pips down.
  • #390
  • Edited 5:22am Oct 25, 2011 5:11am | Edited 5:22am
now long in EURUSD.

There's an established support rising with the trend on the H1, so I've popped an SL under that (the 3/8 on the M15 crossed about an hour ago, but the angles on both the H1 and M15 still look good, I think this one just needs a bit of room to breathe). We'll see!
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  • #391
  • Oct 25, 2011 5:41am Oct 25, 2011 5:41am
Quoting forexpippy
now long in EURUSD.

There's an established support rising with the trend on the H1, so I've popped an SL under that (the 3/8 on the M15 crossed about an hour ago, but the angles on both the H1 and M15 still look good, I think this one just needs a bit of room to breathe). We'll see!
TP hit for 24 pips.
  • #392
  • Oct 25, 2011 7:19am Oct 25, 2011 7:19am
Quoting maudur
Closed EURUSD at BE.

Now I'm long in EURGBP.
I Stopped Out.
Enter Signature
  • #393
  • Oct 25, 2011 7:38am Oct 25, 2011 7:38am
I'm not seeing any set ups on my 3 pairs. All are trading back and forth within the BO zone.
  • #394
  • Oct 25, 2011 8:07am Oct 25, 2011 8:07am
Just received an alert of crosses on both these pairs....now on my watch list.
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  • #395
  • Oct 25, 2011 8:21am Oct 25, 2011 8:21am
Quoting lawgirl21
Just received an alert of crosses on both these pairs....now on my watch list.
Crazy!
  • #396
  • Oct 25, 2011 8:25am Oct 25, 2011 8:25am
Loving EURUSD today. Using the EMA cross on the M5/M15 to confirm yet another bounce off the H1 support. The price shot up quickly after I got in, securing 35 pips. The horizontal lines represent my pre-London consolidation range that I trade BO's out of.

Look like the market has now gone bananas, so that's me done for the day
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  • #397
  • Oct 25, 2011 8:47am Oct 25, 2011 8:47am
Quoting forexpippy
Loving EURUSD today. Using the EMA cross on the M5/M15 to confirm yet another bounce off the H1 support. The price shot up quickly after I got in, securing 35 pips. The horizontal lines represent my pre-London consolidation range that I trade BO's out of.

Look like the market has now gone bananas, so that's me done for the day
Excellent trading in a difficult market. I love the clarity of your charts and that you go from the broad (H1 chart) to the narrow (M5 chart)...just like they taught us in law school....from broad to narrow....
  • #398
  • Oct 25, 2011 8:49am Oct 25, 2011 8:49am
Quoting lawgirl21
I'm not seeing any set ups on my 3 pairs. All are trading back and forth within the BO zone.
Good day to you LawGirl and others it's been a while since i have not post on FF but was very much happy to see someone using MA like myself to me successfull, i am asking your permission LawGirl to post in the future which may help with current direction for the new traders rather than 200 MA and continue to keep the good work up these are two good MA cross 3 and 8 for early entry.
Following the current trend
  • #399
  • Oct 25, 2011 8:53am Oct 25, 2011 8:53am
Quoting 10piptrade
Good day to you LawGirl and others it's been a while since i have not post on FF but was very much happy to see someone using MA like myself to me successfull, i am asking your permission LawGirl to post in the future which may help with current direction for the new traders rather than 200 MA and continue to keep the good work up these are two good MA cross 3 and 8 for early entry.
Please feel free to join in, 10pip, and welcome.
  • #400
  • Oct 25, 2011 9:00am Oct 25, 2011 9:00am
Quoting lawgirl21
Excellent trading in a difficult market. I love the clarity of your charts and that you go from the broad (H1 chart) to the narrow (M5 chart)...just like they taught us in law school....from broad to narrow....
I think my entry was OK, however hitting TP was more luck than anything else, EURUSD dropped 100 pips in the 15 mins following my TP being triggered!!! Could have been a different story if I had got in later.....

A good lesson in today's market though....always set a stop loss ha ha!!

I'm finding the 3/8 EMA crosses on the M5 cut out alot of the noise, which actually makes it useable as a TF for determining entries. Normally I wouldn't ever go below M15, so it's nice to have something that can give me "reliable" confirmation that little bit earlier when I want to jump on the trend at a more specific point.

I'm trading on Oanda's FxTrade platform today (simply because I can use it on my office laptop) and I must say, it's a joy to use compared to MT4, especially for this type of trading. Think i'll stick with this for a while and get a feel for it.


What area of law are you in LG (if you don't mind me asking, feel free to PM or tell me to bugger off!)? Just curious really. I do PPP deals (mainly intrastructure deals, anything from high speed rail to hospitals) for one of the globals, sold my soul to the devil in some respects, but I like it and get to travel a lot.
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