Yet another moving average crossover system

I like the daily charts too, but have found out I don't have Job's patience. Great job, though.

Seems you are right 4060 and stalling. If broken 1.4048 next stop. Please note the similar trade a little slower on the GBP/USD usually if I miss the EU trade I catch this slow horse.

Beautiful setup, yes.

I like to trade these pairs in tandem too and usually one other USD pair. If they all get going in the same direction, which happens often, it's easier pipping.

Sorry to inform you Villlas but I've been an FX trader for over 5 years and there aren't many of those about. What 'advice' did I give that you take offence to?

Is this a discussion board or simply a board where we are all supposed to just stick charts up then say 'Thank you thank you thank you' etc to the OP...btw I have NO BEEF WHATSOEVER with the OP. I don't see what your problem is?

As a matter of FACT, Dredding82 booted me from his chat room because he couldn't find my name of FF, I posted the question to his thread as I had no other way of communicating with him at that point in time, he then booted me off his thread because I asked a question about pivots that they had not considered before. Because it was a question about pivots he kicked me off the thread. We had a conversation, off-board and he said he would re-instate me if I deleted the post. I'm sure you will see from your detective work that I deleted my post but he never re-instated me to the thread. This tells me all I need to know about whether the guy makes money or not. You don't get far in trading with a hair-trigger temper. Am I bothered? No not particularly, I'm only on the board for fun, have lurked for years and am extremely profitable. No need to get into arguments with beginners.

I can also tell you, if you like who is who on this board and many other's, what people's real names are, who's a 'guru' on one forum who recently blew up on another etc. It's very funny is the internet. I have plenty of time for reading when waiting. You have a trader who 3 months ago was absolutely clueless on one board who within the space of a few weeks takes the learned method to another board and becomes 'guru' then vendor within the space of weeks. You then have someone, for example, who is a follower of James 16 and Joe Ross one week and then joins a couple of other forums and spouts endless, pointless drivel about TA and magical angles in mystical ways, painting lovely pictures, all in hindsight, explaining the past to build his drones. Is a live trade ever shown? Or a P&L statement? No, of course not! Blind leading the blind.

Lawgirl shows something that's so unbelievably stupid sounding that people turn up, who want it more complicated, criticising, but if they actually opened their eyes, put the bars on the chart, realised what was happening, then took the bars off again and trusted the averages, they could make money. Oh heck, I think I already mentioned that, that's something you take offence to!

If you take umbrage from any other 'advice' I proffered I don't really care. Go try scalping on 5 minutes charts with an SB for all I care. You won't need me on the other side of the trade driving you broke because the SB will do it. If it costs you all your money to learn the lesson because you don't want to listen then so be it. Sometimes life's lessens have to be learned the hard way.

My comments here about S/R were not directed to you or Lawgirl, so again what is the problem? They were in direct response to someone else wanting to incorporate S/R into Lawgirl's method. A method which does not use S/R. I KNOW what S/R is or isn't. The questions were rhetorical (look it up)! OK??

That's the problem people have over and over and over. They want trading to be complicated. Someone posts some simple method on a board and says 'look at this simple method, it works' before you know it 30 other indicators have been added, EAs are being written, people are changing it to make it 'better', make 'it fit them' and by the time the thread is done no-one is making money and you have a method that doesn't work.

I've been guilty of this a little as I showed charts on with something not in the method, for which I apologise, they were just things I use to help see and for illustration, as I stated.

As I see YOU are a great trading sage, please start posting something positive and instructional re the method rather than your drivel so far.

You also seem to be stalking me.

How sweet!

In fact.

F@ck it. I've never really posted on forums before. I make money and enjoy life. Thought forums would help relieve the boredom but I'll stick with my novels. Maybe you should try doing some reading too? In my 2 attempts to post anything, things that are actually of value I've been jumped upon for God knows what reason as far as I can see. I'll leave you all be, just carry on ruining Lawgirl's thread.


This is not an argument,, this is not a 'rant' it is a FULL AND ADULT RESPONSE WITH EXPLANATIONS. Do not bother replying, there will be no further reply from me.

And Lawgirl.
Carry on the sterling work. Maybe some day some of these idiots will see how simple trading really is.

PS, there seems to be some momentum in the market this morning, use it!

Happy pippin.
Have a nice day.

Not stalking you by any means - you misunderstand ! And your advice was not given to me - I was interlocuting just to preserve the good tone in this excellent thread. I thought you were imposing your way of trading on babnz - he is a very experienced trader and would know how many times a day to trade. He comes first time to this thread and gets "lectured" - I did not want him to get upset and leave. Nothing to do with me at all.
Your "tutorial" about SR lines was for someone quite another.. don't remember the name.

Good to know you are trading for more than 5 yrs - you have something to say but let it not be critical of how others do it.........

I seldom post - I have been trading on similar lines to that being advocated on this thread - have congratulated LG for giving me the confidence to use this for Short TFs - before I used it for higher TFs only.
That is why I want old traders to keep posting and not get spooked !! That is my only interest.

Not stalking you by any chance - just pointed out what could be done better.

Hope you have a Good Day - I surely made you start on a sour note !

More pips to you.

LG has stated that she is happy for me to post my entry charts with a few dotted SR lines on them, so I'll make the assumption that she doesn't find it as much of an "intrusion" to her system as you do.

I post my entries, I make no comment as to where I think the price will go. This strategy is a set of rules to provide traders with an entry edge, I'm not screwing around with any of the exit rules because there aren't any.

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The 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.

Prove costly when they fail? If you follow LGs rules of entry and the price heads in your direction then you'll already be in profit before you would even consider your exit point (whether it's SR/diminishing momentum/a recross of the MAs/the moon being at a certain position in the sky). How is that costly?

If you follow LGs rules of entry and the trade moves against you, you'll be stopped out. Having a few dotted lines on the screen won't change the fact that you would have been stopped out, so again, how is that costly?

I was under the impression that traders should be versatile enough to use a multitude of skills to assist in making decisions regarding entry and exit. Keeping SRs in mind is just another exit tool at your disposal, should you choose to use it. I wasn't suggesting that my subjective SR lines should be "The Rules of Exit" for this strategy.

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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...

Just a quick quote (key words highlighted in bold):


There is NOTHING in forex which can 100% tell you which way the price will move and for how long. That's why our tools are called INDICATORS. Even the cross of the 3/8 EMA is nothing more than an indication that there is momentum in a given direction, there's nothing to stop the PA reversing the second you get into the trade.

We therefore rely on probabilities. To discount SR completely in all circumstances is the same as discounting any other method available of determining where price my may move to, stall or reverse.

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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.

Self-gratification? I work 12 hours per day as a lawyer, trading when I can on my iphone via a VPS and posting on this forum when I get the opportunity. If you have a read through the relatively small number of posts i've made on this forum, you'll notice a common theme through all of them...I'm trying to be helpful and contribute. If my comments are misguided or not useful then I'm grateful to be told so by traders with more experience, but to allude to me posting for "sel-gratification" is quite frankly rude.

I agree though, I will be inclined in future to post where I intend to exit.

I've always been taught that you need to be clear on both entry and exit when entering a trade. All i'm doing is considering my options for exit. SR is is no better or worse than any other indicator to be considered.

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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.

I'm quite aware of the fact that it doesn't benefit LG that I trade her system. However, the more entry charts that people post (whether sucessful or unsucessful), the more it benefits this thread and the wider FF community.

I could quite happily read this thread, copy the method, make some money and contribute NOTHING in return (as i'm sure many people do). But that's not me. I'm trying to help.

I've read so much information on FF, some of it good and some of it absolutely useless. LG is one of the most competent trend traders on here and selflessly gives all her knowledge back to FF. As someone in the same profession, I know who hard it is to manage a career with day trading, so the fact that she also runs 2 hugely sucessful threads on here is testament to he willingness to help other traders. If you think my posts are anything other than me "pitching in", then you are mistaken. In order to keep a thread like this going, it needs participants. The injustice to LG would be if no one posted and simply copied her entries blindly.

I'll keep my charts as clean as possible because I do want to ensure that other traders looking at my charts can see immediately that I'm trading the same method as the thread prescribes.

It's also worth considering the boxes drawn on most traders' charts which depict a period of consolidation at the start of the trading day, upon which many use as guidance. These boxes contain a range bound PA in what many would view as a period of consolidation (actually, it's probably just a distinct lack of volume). Is this not another indicator which is unnecessary in light of the original rules? Is it not based on SR of that range bound PA?


This is one of the best threads on FF, I hate that I may have aggravated some traders by posting a few SR lines, that was not my intention.

But at the end of the day, it's a community. Discussion and disagreement are part of the learning development for traders and can often give many that "eureka" moment they have been looking for.

So, let's get back to these MA crosses and bag some pips this week.

I hope you take this in the light it was intended, which is nothing more that entering into a discussion about the relative merits of different methods of exit in a strategy which focuses solely on entries.

I wish you well in your trading this week

WOTS Wrong with S/R lines?? if the Mov avs ..give the signal at these points.. TAKE IT..any one using this method MUST have some idea what they are doing.. if they didnt they would drive em selves crazy... Good S/R lines add another dimension..so lets stop the crap and get on with it..

EUR CAD, EUR CHF, EUR GBP. Are making a few pips for me
eur aud may be worth a look as well..
keep in mind I have been wrong before

Morning Guys
This has been a busy argumentative thread over the weekend, I think anyone that contributes a suggestion, an indicator, an idea, is trying to help in some way, this is a community after all, this is Lawgirls thread and she is the person who should say whether contributions are good or bad, and to date she seems quite happy, if not I am sure she will say, I personally say thank you to all who contribute and negative fall out is the last thing we all need as traders, it is hard enough to trade as it is
respect to all

Tom(UK)

I entered this pair -trend trade

Just entered this short. M30/M5.

Sa-wat-dee kraup I sent you PM

Stopped out at -20 pips.

I'm sure everyone has seen this...a 347 pip move up. Now it is begging to be traded back down.

What you post is both correct and of practical use -support and resistance , for example, are a useful addition to the tool box of LG's method. It does not detract from the skeleton of her approach. It may even enhance depending upon the mindset of the trader.
Overall, I am sure TG would have said something by now if any post digressed too far from her approach or was clearly "off topic."

That's absolutely correct, T15. Let's look for trades...although I am not seeing any at the moment.

Hi FXPP,

Nothing in my post was meant as dispargement. You write : "At the end of the day its a Community". This is the most important concept.

People come to forums for 2 things : Trying to help, like LG and to find diversion from Boredom like many others. Whosoever makes a post does it to "help". Sometimes their understanding of what is required may differ from what is the best way to do this and hence the different viewpoints.

Re : I work 12 hours per day as a lawyer, trading when I can on my iphone via a VPS and posting on this forum when I get the opportunity.

YOU ARE LUCKY. Lawyer! I remember you referring to your profession in another post and having "sold, your soul" sometime in line of work !

Only I wish you guys - army of Lawyers - could mount a campaign in Congress to prevent the Admin from "blood-letting" around the world.

I will never have the time to make a long post like yours - I have too many interests : for some of these I neglect even trading which means less pips at the end of day !

Wonder what makes people in secure professions take to FX which is certainly "exhausting" biz. One guy said he does it for kicks ! May be sometime you can tell me what makes you take to this.

Thanks for your wishes re. Good Trading. I wish you same.

Best Regards.

Looks like it is preparing for a cross long on the H1 chart and has already crossed on the M15 chart.

Some movement finally ocurring on USDJPY at the moment, it's gathering a bit of upwards momentum but there's a rejection of higher prices, so could be poised for a reversal and start tanking it's way back down the hill. Who knows though, it's always sketchy after a big move like we had this morning.