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Yet another moving average crossover system

  • #501
  • Oct 27, 2011 9:43pm Oct 27, 2011 9:43pm
Quoting lawgirl21
That is super! Every trade will not be a winner and scalping was not the original focus of the system...but hey, we roll with it...whatever it takes. I am very happy about your success here.
I don't try to scalp , I'm just not good at it, and yes there are loses I know I had 14 of them yesterday but 37 wins saved the day. I use the one hour and 15 min with this sys. the other one I am using is 4 hour but last night I came back every hour to have a look through using your set up, It paid off so I will do the same again to night. I will start 6 pm till midnight our time in NZ .
This method is very much the same as I used back in the mid 80's (before the crash) only no computer then so ma were calculated on the adding machine. With daily data from the news paper. next I started plotting one ma and the two, all done on paper by hand and different color pens. Then I noticed that at the reversal there was a bigger separation between the two ma's then they would quickly close and cross. So I started to plot this gap as a %, after it increased and started to decrease by some thing like 3 or 4 % it was time to get off. worked out very well on that TF Not sure if you could use it this sys or not.
B
  • #502
  • Oct 27, 2011 10:36pm Oct 27, 2011 10:36pm
Quoting lawgirl21
Oh, but this one is so much fun!

What is it?
On the one hand, this method is probably as good as any.

On the other hand I can't believe that any serious trader would take this seriously. Apparently, lawgirl trades for "fun" and not because she really wants to make money.

I probably need to read more of the thread but I think that's where the pic's with candles come in, etc., etc.

I probably just like to be contrary.
Are you better than you're thinking. YES ! U R !
  • #503
  • Oct 27, 2011 10:45pm Oct 27, 2011 10:45pm
Quoting MetamorphicK
On the one hand, this method is probably as good as any.

On the other hand I can't believe that any serious trader would take this seriously. Apparently, lawgirl trades for "fun" and not because she really wants to make money.

I probably need to read more of the thread but I think that's where the pic's with candles come in, etc., etc.

I probably just like to be contrary.
MetaPRICK is the first trader I have put on my ignore list.
  • #504
  • Oct 28, 2011 12:21am Oct 28, 2011 12:21am
Quoting MetamorphicK
On the one hand, this method is probably as good as any.

On the other hand I can't believe that any serious trader would take this seriously. Apparently, lawgirl trades for "fun" and not because she really wants to make money.

I probably need to read more of the thread but I think that's where the pic's with candles come in, etc., etc.

I probably just like to be contrary.

If there is one thing I have learned in my 12 years of trading....Only
amateurs make such statements... You might want to consider changing professions... You really do not have the aptitude and attitude for it.
TSD
  • #505
  • Oct 28, 2011 2:58am Oct 28, 2011 2:58am
Morning guys, hope everyone is well,
I have never been a big scalper myself, but like LG says the market sometimes only offers you certain opportunities and scalping is one of those, I have been scoping the 5m charts and do see many crosses of the ma's so it has got to be the angle of the ma's which is the important thing here, it seems that 12-2 or 4-6 is not really enough, and so can now understand why LG enters when the angle is nearer to 12 for up and 6 for down, never 100% but what is in trading, it just offers another tool in your Arsenal and something to bear in mind, thanks LG

respect to all

Tom
  • #506
  • Oct 28, 2011 3:10am Oct 28, 2011 3:10am
Hi LG, been reading your posts for about a week and into demo account.

Have some mistakes here and there but I guess this is what I've been waiting for.

Also, I'll say that my stop outs were about 60-70% but yet the net losses seem to equate the net winnings (50%-50%).

I also used a EA posted by a kind soul in this thread (can't remember the page), where the stop out will be based on 3 crosses 8 automatically. This will eliminate unwanted emotional executions.

I think this is my maiden or 2nd post despite registering in FF since 2 years ago; and I thought I'll just say a thank you for a simple, feasible and (hopefully) sustainable trading system.
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  • #507
  • Edited 3:32am Oct 28, 2011 3:20am | Edited 3:32am
Quoting MetamorphicK
On the one hand, this method is probably as good as any.

On the other hand I can't believe that any serious trader would take this seriously. Apparently, lawgirl trades for "fun" and not because she really wants to make money.

I probably need to read more of the thread but I think that's where the pic's with candles come in, etc., etc.

I probably just like to be contrary.
If you know how to read PA, then look at the majority of the bar formations that occur when those two MAs cross maybe you'll understand. MAs are momentum indicators as well as trend sonny Jim.

S/R - S/R is just a line or area that YOU believe to be S/R. Where is S/R? Is it at a congestion breakout (supply/demand imbalance), is it where price breaks out of a high/low, is it where there was a S/R 'flip'...all of which occurred in the past...or is it better to see what the market is actually doing NOW and place your trade according to that, not what you think about what happened in the past? Historic S/R fails just as often as it holds, you can't get two traders to agree where it is and the zones are so wide as to offer not much in the way of meaningful areas of entry. So shoot me down for going against convention.

Want to know where to exit? You either exit based on a statistical edge mixed in with your trade management (as I do for scalping targ 3:1 etc), or if you're swing trading you get out after a big move going your way. How big a move is up to you. How is this one: 3/8 crossover on H4 (where will this cross tend to occur? Weekly highs and lows), wait for pull back on M30 or H1 and 3/8 cross, Entry on pull back m/a cross on M15. Add positions on pull backs and recross 3/8 on M15. Exit on huge H1 momentum or 3/8 cross against on H1 or if it's an overall counter-trend trade, as you approach that 200 average. It's up to you how you cut it. Don't just do it. Test it first. Where is YOUR edge?

Old charts lie because we see what we want to see.

On another tip replaying to another post - 37 trades in a day? C'mon man! You're completely over-trading and on the way to the poor house. Get control of your emotions and money management.
  • #508
  • Oct 28, 2011 3:36am Oct 28, 2011 3:36am
Quoting MetamorphicK
On the one hand, this method is probably as good as any.

On the other hand I can't believe that any serious trader would take this seriously. Apparently, lawgirl trades for "fun" and not because she really wants to make money.

I probably need to read more of the thread but I think that's where the pic's with candles come in, etc., etc.

I probably just like to be contrary.
What u are talking..Metta prick.. is a lot of SHT... in my humble opn of course.. It...WORKS.. if u apply persistance.. focus.. and patience..
  • #509
  • Oct 28, 2011 4:37am Oct 28, 2011 4:37am
Quoting JPassion
On another tip replaying to another post - 37 trades in a day? C'mon man! You're completely over-trading and on the way to the poor house. Get control of your emotions and money management.
Hi JPassion, Is there a number of trades that one should stop at? I did 51 all up yesterday and put 18% on my pocket money live micro acc so there wasn't any thing to get the emotions going. Thanks for tip It got me thinking and I went back over the last few weeks and from the 29/9/11 to 7/10/11 on my demo acc I did 115% on 13 trades, so it comes down to quality of trades not the quantity, good point thanks. I must admit that did make me feel happy, so I will need to work on the emotion side if I do the same on my live acc. Once again thanks for the tip. quality not quantity right
  • #510
  • Oct 28, 2011 6:16am Oct 28, 2011 6:16am
Quoting lawgirl21
MetaPRICK is the first trader I have put on my ignore list.
Which is where he belongs
  • #511
  • Oct 28, 2011 7:41am Oct 28, 2011 7:41am
Sounds like most, if not all of you made pips this week. I hit my goal, but it took me all week to do it...usually it does not. It was a week for me of really having to pay attention to price action more than anything.
  • #512
  • Oct 28, 2011 7:45am Oct 28, 2011 7:45am
Quoting yuumoa
Hi LG, been reading your posts for about a week and into demo account.

Have some mistakes here and there but I guess this is what I've been waiting for.

Also, I'll say that my stop outs were about 60-70% but yet the net losses seem to equate the net winnings (50%-50%).

I also used a EA posted by a kind soul in this thread (can't remember the page), where the stop out will be based on 3 crosses 8 automatically. This will eliminate unwanted emotional executions.

I think this is my maiden or 2nd post despite registering in FF since 2 years...
Thanks for your kind words, yuumoa. I'm glad you have joined us.
  • #513
  • Oct 28, 2011 7:47am Oct 28, 2011 7:47am
Quoting booktimes
Morning guys, hope everyone is well,
I have never been a big scalper myself, but like LG says the market sometimes only offers you certain opportunities and scalping is one of those, I have been scoping the 5m charts and do see many crosses of the ma's so it has got to be the angle of the ma's which is the important thing here, it seems that 12-2 or 4-6 is not really enough, and so can now understand why LG enters when the angle is nearer to 12 for up and 6 for down, never 100% but what is in trading, it just offers another tool in your Arsenal...
You got it exactly right about the quality of the angle in the short TF trades. It does make a difference on these quick trades. The angle also tells us when to exit.
  • #514
  • Oct 28, 2011 7:54am Oct 28, 2011 7:54am
A look back at this week, just on this chart tells us why we had to rely mainly on scalping for the past few days. No movement until Thursday.
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  • #515
  • Oct 28, 2011 8:52am Oct 28, 2011 8:52am
something is going to happen here??
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  • #516
  • Oct 28, 2011 9:31am Oct 28, 2011 9:31am
Quoting wizard78
something is going to happen here??
I am long here on the M5 chart, but very erratic.
  • #517
  • Oct 28, 2011 9:42am Oct 28, 2011 9:42am
Quoting lawgirl21
I am long here on the M5 chart, but very erratic.
Chart
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  • #518
  • Oct 28, 2011 9:42am Oct 28, 2011 9:42am
I'm quite new to forex and am finding this thread very interesting. Lawgirl is using a Daily Linebox Indicator which I understand gives the spread of the first four candles of the day.
I have a couple of questions. 1. Could someone direct me to a post or article which explains the benefit of using this indicator?
2. I live in the UK so would I be better using one which gave the first candles for the London open?

Thanks so much to Lawgirl for all the work she puts into this thread helping so many people.
  • #519
  • Oct 28, 2011 9:52am Oct 28, 2011 9:52am
So I guess this system has gone from a Trend trading system to a scalping system?
  • #520
  • Oct 28, 2011 9:52am Oct 28, 2011 9:52am
Afternoon Guys
I went long in this pair also, 13 pips down so far, closer examination on 5 min chart shows a strong trendline and a very good pinbar, hoping for a retest, volatile pa at present
respect to all

Tom
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