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Yet another moving average crossover system

  • #541
  • Oct 28, 2011 11:00am Oct 28, 2011 11:00am
Rebecca,

I, too, am aware of the enormous commitment necessary to sustain a successful thread, as I tried it myself a few years back but found it completely overwhelming. Don't really know how you do it.

Thank you - you've made my weekend, as well!

Enjoy...
Jeff Singer, K2KV
  • #542
  • Oct 28, 2011 11:08am Oct 28, 2011 11:08am
Quoting booktimes
Hi Digf
I am in UK too, what I do is use the 1 hr break out indicator to cover all the asian session from 12.00am to 7am, when we are in bed basically, so in the morning London acts as a breakout, this is just the way I use the indicator instead of covering just 4 hrs it covers 7.
respect

Tom
Thanks for your help booktimes
  • #543
  • Oct 28, 2011 2:38pm Oct 28, 2011 2:38pm
I clicked on the paper clip but don't see the BO box indicator listed unless it's there but not called that! I did hide the images to narrow the field but that shouldn't make any difference. p.
  • #544
  • Oct 28, 2011 5:34pm Oct 28, 2011 5:34pm
Quoting tradestar1
So do you also have some long term trades on while you are scalping the current market?
WHAT are u on about.. read the bloody thred.. and make your own decisions.. instead of wanting some one to hand feed u.
  • #545
  • Oct 28, 2011 7:06pm Oct 28, 2011 7:06pm
Quoting danc
WHAT are u on about.. read the bloody thred.. and make your own decisions.. instead of wanting some one to hand feed u.
I believe my question was for Lawgirl...... Not you...... So Butt Out ya drongo.
  • #546
  • Oct 29, 2011 3:50am Oct 29, 2011 3:50am
Nice thread, LG!

Question, when I opened a trade manually, e.g. a BUY at the cross of 3/8 EMA, is there a way to use an EA to close the trade when 3/8 crossed on the opposite direction?

Thanks!
  • #547
  • Oct 29, 2011 4:32am Oct 29, 2011 4:32am
Quoting tradestar1
I believe my question was for Lawgirl...... Not you...... So Butt Out ya drongo.
now that's an Aussie!

http://www.urbandictionary.com/define.php?term=drongo

3. Drongo A person seemed to be, in some form or another, stupid. Drongo is a typically australian word and is part of common australian dialect.
"Pass me that wratchet you Drongo"

http://en.wiktionary.org/wiki/drongo

The Australian slang is from a racehorse called Drongo (foaled 1921, retired 1925) which ran poorly, and by transferrance anyone slow-witted or clumsy became a drongo. (Reference: Bill Wannan, Australian Folklore, Lansdowne Press, 1970, reprint 1979 ISBN 0-7018-1309-1, entry for "Drongo", page 200.)

The horse was apparently named for the bird the Spangled Drongo (Dicrurus bracteatus).
OPPORTUNITY IS NOWHERE
  • #548
  • Oct 29, 2011 9:07am Oct 29, 2011 9:07am
In my opinion this word should only be used used when referring to politicians.
  • #549
  • Oct 29, 2011 9:23am Oct 29, 2011 9:23am
Quoting JPassion
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...
Dear Mr. JP, I regret to point out that this admirable thread stated by LawGirl is about finding profitable entry points and not about Teaching S & R levels etc. Your post here should be about what you find useful here and how you may help to improve it.

Your present post would be more suitable in Rookie discussion - it is there on FF, find out where it is.

In a previous post on Thread Price Action Trading with Indicators, you complain,"... I don't know why you keep booting me? What's the problem?. All I've done is post 2 trades I took? ", etc.

No one here wants to boot another but the irrelevance of your posts might have got you that response.

Similar remark I would like to make about your advice to other traders. You would make a better contribution if you ask relevant questions rather than advice traders who were most probably trading when you were not even aware of the existence of FX - I refer to your advice to babnz who from his posts seems to be well past middle age with LONG trading experince. How old are you ? Do not take my comments as "booting" - I have no right to do that.

To LG, apologies for diversion from main topic of Forum but this is in the interest of this excellent thread not going completely "out of the way".

Best Regards to All.
  • #550
  • Oct 29, 2011 10:21am Oct 29, 2011 10:21am
I think we are all feeling the stress of last week and the turmoil of the state of world affairs in general. It's good to vent sometimes, I know I have to from time to time.

But let's try not to get personal. Let's stick with looking for ways to make pips. The reason I banned one trader from posting here this week, is because he got personal. I have no problem with criticism...heck, arguing is how I make my living, but criticism must not get personal to stay valid.

So, analyze charts over the weekend...or totally walk away from them and let's come back Sunday/Monday with fresh resolve to make money this coming week.
  • #551
  • Edited 10:38am Oct 29, 2011 10:32am | Edited 10:38am
Quoting lawgirl21
I think we are all feeling the stress of last week and the turmoil of the state of world affairs in general. It's good to vent sometimes, I know I have to from time to time.

But let's try not to get personal and stick with to making pips. The reason I banned one trader from posting here this week, is because he got personal. I have no problem with criticism...heck, arguing is how I make my living, but criticism must not get personal to stay valid.

So, analyze charts over the weekend...or totally walk away from them and let's come back Sunday/Monday...
Congrats LG for your excellent thread: as wrote earlier, you confirm that this can be done on small TFs - before I used it for MTs only. Only one suggestion, try to keep out "professional advisors" : thread should be limited to discussing what is an outstanding sytem and not to show off one's own expertise with other systems of trading and also to encourage members to find answers from posts written earlier rather than just thumping out on keyboard every new tangential question that crops up in their mind. This will free you to discover other ways of finding entry/exit level rather than answering silly points. Sometimes I feel they write these question to "get" into your "good books". Also if some other reader answers any query raised by others, this should be OK : it would no doubt attract your attention if the answer happens to be wrong.

Enjoy a Good , Happy Week-end and come back to Pip-filled next week !
  • #552
  • Oct 29, 2011 11:17am Oct 29, 2011 11:17am
Quoting lawgirl21
You may need to start your own thread. I am trying to keep the charts here as "clean" as possible...and no candles is the essence of the thread.
Apologies LG, I was posting that chart from my home PC, which I use for studying charts when I get home from work, I didn't mean it to clutter the thread.

I'm still trading your method, still with only the 3/8 EMAs and still without candles. The only difference now is that I have an indicator which plots faint dotted lines on my screen to highlight areas of past resistance/support/pivot points (primarily H4 and D1).

Your method is giving me fantastic entries, it really is. Now I'm just focusing on how to ensure I get optimum exits. Basically, I just look at the chart, if there is a well established H4/Daily SR near my entry then I consider this before I place the trade in terms of how this may affect the chance of my trade running into a brick wall after only a few pips, or indeed whether it might act as a good initial target.

I've found that many times after a great entry, I just watch the EMAs bunch up and flatline 10 pips away from my entry. By placing the indicator on my screen I now often see an H4 or Daily resistance dotted line which makes me think "ahhh, that would explain it!". I suppose it's just a lazy man's version of drawing SR lines manually, which the main benefit being that they are clear on every timeframe.

Sorry if my posts came across in the wrong light. Just to be clear, I still use your method for my entries, and I love it. And I'm still following this thread post by post. I'm just using one additional indicator to help me pick exits, mainly because I trade while at work, so when I place the trade I have to also place my TP (in case I can't monitor it), so I need to be sure I'm picking a sensible TP.

I won't post any indicators in your thread, however I will keep posting my entry screen shots if that's OK with you (I'm still following the original rules to the letter). You might just see a faint dotted SR line or two on my screen
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  • #553
  • Oct 29, 2011 11:24am Oct 29, 2011 11:24am
Quoting lawgirl21
I think we are all feeling the stress of last week and the turmoil of the state of world affairs in general. It's good to vent sometimes, I know I have to from time to time.

But let's try not to get personal. Let's stick with looking for ways to make pips. The reason I banned one trader from posting here this week, is because he got personal. I have no problem with criticism...heck, arguing is how I make my living, but criticism must not get personal to stay valid.

So, analyze charts over the weekend...or totally walk away from them and let's...

Well stated LG

If I may add...

The one thing I have notice here on FF... Many tend to let their emotions get the best of them. We see that manifest in comments made. They are based on a frustration of not understanding yet wanting to understand. (They just have not figured it out yet)

I know that many have heard or read that trading is 90% mental...10% method. I am not sure I can agree with the exact percentages but, I would guess they are pretty close. The emotional aspect coupled with the frustration that trading can bring can really bring out these emotional up swellings.

To all the newbie’s, wantabe's, seasoned pro, semi expert, expert, hobbyist, dabbler, technician, fundamentalist, programmer, PA Trader, Indicator trader, EA Trader, or " I have no clue what the &%*$ I'm doing trader " or any combination thereof....

Getting a handle on your emotions, it will take you a long way to being a successful trader. It took me a few years and more than a few $1000.00 to figure that one out. (Major OUCH!!) One's lack of control emotionally will blow your account apart faster that any method or system ever will.

The beauty of this thread, or any other thread, is to opportunity to learn (for free I might add). Concepts, ideas, methods abound here on FF. So much so it can be overwhelming which can cause frustration in an of itslef. What works for one may not work for another. Why? It's what's between your ears.. Your emotional make up and your ability to control it. Understanding this will take you a long way to finding what works for you.

Change your mind set to the positive, keep your emotions in check and you will learn more about yourself that you ever thought possible. This in turn will take your trading to a level you "never thought possible."

So sit back, take a breath, and become that child who wants to learn, where nothing is impossible with the right frame of mind.



Just my 1/2 cent

TSD
  • #554
  • Oct 29, 2011 6:23pm Oct 29, 2011 6:23pm
Quoting vilas

- I refer to your advice to babnz who from his posts seems to be with LONG trading experince.

WHAT!!!! Well past middle age I'm only 36 opps that's 63, in a week or two. With loooooong trading experience , well ok the 87 crash was a few weeks back now but I remember it just like yesterday. Odd thing is this way of trading worked ok for me then on the daily charts though. Now I trade 4 hour and with the help of ths sys L.G. has put forward I am getting much better entry's, Thanks LG. for the reminder of the simple things that just work day in and day out. The prod about over trading was a plus for me, made look back a few weeks and see that quality beats quantity any day. and it brings that stress level way down, and the acc balance up, so all good on this thread .. So lets all be nice and not soil the good work of someone I believe to be a very nice person.
B
  • #555
  • Oct 30, 2011 2:49am Oct 30, 2011 2:49am
G'day!
Going through all the pages just now has proven to me that "you can't put an old head on young shoulders'.
I am constantly reminding my patients, when they complain that a new treatment isn't working after 2-3 days, that very few babies have gone from crawling to running the 100 yard dash in 1, 2 or 3 days.
In the past 2 weeks I have undergone a very steep learning-curve and attitude shift while I have been learning how to drive this system by 'kangaroo-hopping' the D1 and H1 on a demo account;.
LG, this system absolutely fantastic!! I give you my grand-children's saying when anything is 'super-good"… 'Double thumbs up!'
Cheers!
Attitude! Attitude! Attitude! There is nothing in Life but Attitude!
  • #556
  • Oct 30, 2011 7:18am Oct 30, 2011 7:18am
Hi Forexpippy, great post by the way, I was just wondering if the 4h and daily indicator you were using was NB S-R 4H&D.
many thanks

Tom(UK)
  • #557
  • Edited 9:18am Oct 30, 2011 8:54am | Edited 9:18am
Quoting forexpippy
Apologies LG, I was posting that chart from my home PC, which I use for studying charts when I get home from work, I didn't mean it to clutter the thread.

I'm still trading your method, still with only the 3/8 EMAs and still without candles. The only difference now is that I have an indicator which plots faint dotted lines on my screen to highlight areas of past resistance/support/pivot points (primarily H4 and D1).

Your method is giving me fantastic entries, it really is. Now I'm just focusing on how to ensure I get optimum exits. Basically,...
With due regard to you, I would still consider your present chart an intrusion on the system of LG. She is trying to guide a lot of traders to a simple way of making money and your additions, shall I say, add alernatives that could prove costly when they fail. You have no doubt heard and know that all S/R lines are "lines in sand" : S & R lines are regularly Broken and how will you then help the traders who have taken a hint from your charts. Another point re. these SR lines, they ARE YOUR idea of what to expect from future - nothing guaranteed about it. Or is there some such assurance ? For example, there are some members with access to big Bank research who post SR levels that are, I am afraid to say, of better quality. If you have such a source at hand then better quote it to make your own statement more trustworthy. There are hundreds of Indicators and each derives all sorts of levels according to its own "idiosyncraziness".

If you are not posting what you think are "more helpful" charts for self-gratification, then the same purpose can be BETTER SERVED by simply stating in your posts that "Hey, Guys, I am taken such and such a position and I envisage a R or S at such and such level.This will be of immense of help to those needing such guidance. You should know that almost everyone who comes here already knows something about the market and is not totally dependent on what he reads here.

BTW, referring to your frequent repetitions that " LG, I am trading your system ...": You are not doing any favour to her by using her system, you are doing it because you find it good. So, leave it as it is, derive as much benefit as you can from it, but I think it would be better it you refrain from posting charts that introduce "other ideas" for fear of what I have stated above.


With malice towards none.

In interest of fair play because even too much information can be Bad !

Peace.
  • #558
  • Oct 30, 2011 9:05am Oct 30, 2011 9:05am
Quoting forexpippy
Apologies LG, I was posting that chart from my home PC, which I use for studying charts when I get home from work, I didn't mean it to clutter the thread.

I'm still trading your method, still with only the 3/8 EMAs and still without candles. The only difference now is that I have an indicator which plots faint dotted lines on my screen to highlight areas of past resistance/support/pivot points (primarily H4 and D1).

Your method is giving me fantastic entries, it really is. Now I'm just focusing on how to ensure I get optimum exits. Basically,...
No problem, FP. Please keep posting and no problem with the dotted lines (although it looks to me like they are just following our MAs). We need your contributions here.
  • #559
  • Oct 30, 2011 9:25am Oct 30, 2011 9:25am
I have set my charts for the open of trading this week. We have had discussions over the weekend about S/R areas and yes, I believe they are not "hard and fast" areas rather they are areas we believe price may go, or turn from.

It has been true in the past that price likes to go where it has been before and seeks those levels. But this market is going to new levels both high and low, so there is not that surety, as it was in the past.

But still, as traders, I believe we have to look to those levels using trendlines, S/R lines, big round numbers....whatever the particular chart is calling for. You will notice that my GBPUSD chart calls for a pennant or flag trendline formation while my EURUSD calls for a downward channel. Had I stayed the course on Friday, my USDCAD loss would have been a gain, as price came right down to my TP...the support level provided by the BO line.

In any case...my three charts are ready. I have a "foundation" and know what I "expect" to happen...yet understanding that the market does not give a hoot about what I, or anyone else, expect.
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  • #560
  • Oct 30, 2011 4:45pm Oct 30, 2011 4:45pm
Hi LG
Thanks for keeping the focus.
Fullpip
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