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Yet another moving average crossover system

Quoting forexpippy
For starters, as LG mentions herself in the first post, counter trend trades are also proving to be good for securing pips.

However, more to the point......do you think, based on the 200 EMA on the H1 for EURUSD, that it's in an uptrend or downtrend?

Is your answer the same for 31 October to present as it is for 30 September to present, or indeed for 8 September to present?

Determining trend is very subjective, even when everyone is using the same EMA. In my opinion, I can see the market ranging for the past couple of days, on a downtrend...
Ok i see your point. I just asked because i didnt have finish to read all thread. Thanks for quick and polite response
Now, $DXY (Dollar Index) UP.

I'm short in EURUSD.
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Quoting maudur
Now, $DXY (Dollar Index) UP.

I'm short in EURUSD.
Me too...I was just about to post that chart.
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Quoting WaveTrend
Attachment 822780
Great trading...I let it pullback on me.
Quoting Micheel
Ok i see your point. I just asked because i didnt have finish to read all thread. Thanks for quick and polite response
No problem. Trying to spot an "established" trend is a dark art, and even when you think you've got it nailed, the PA moves off in completely the opposite direction!

The EMAs are about as good as we can get to keep this method consistent and simple, but it's a very rough indication, especially when price has been all over the place, like with EURUSD.
Quoting maudur
Now, $DXY (Dollar Index) UP.

I'm short in EURUSD.
Can you tell me how you managed to turn off or hide the price on the TOS charts

Regards
Bill
Hi FP
Dead true about trying to find an established trend, cannot remember the markets being this choppy, just when you think its going one way it just suddenly changes and goes the other, I was short on gb/us 10 mins ago after ma's indicated short and now I am 40 pips down, crazy, the brokers must be rubbing their hands

Tom
Quoting booktimes
Hi FP
Dead true about trying to find an established trend, cannot remember the markets being this choppy, just when you think its going one way it just suddenly changes and goes the other, I was short on gb/us 10 mins ago after ma's indicated short and now I am 40 pips down, crazy, the brokers must be rubbing their hands

Tom
Agreed choppy to say the least. I gave up other pairs except EU because it seems to be the less erratic as far as price action and predictability. I only trade a couple of hours during the NY session. I went through a few accounts on my learning path and am still hangin in there. MA systems are simplistic and LG's threads always seem to remain positive and she won't let them disinigrete into the crap pile like most of the rest do... so you have good support here. Hang in there and be patient at the bus stop.... the next bus will come along and take you to Pipville.
Thanks Wavetrend
The volatility is incredible actually on every time frame, predicting anything is nye impossible unless I am missing something, this is where discipline comes in though and sticking to trading plan, I almost exclusively use Rebecca's ma's now with a s and r thrown in, I went short on gb/us but now after the fact noticed the bounce off the 200ma on the 1 hr and 15 m tf, so slap wrist for me, but the wave down was so strong and ma's showed clear down so thought would break through, never mind, trends seem to go out the window at present, good pipping to you my friend

Tom
EU bouncing around these levels, nice if you're trading the 15min, cr@pola if you're in a longer term trade. Getting a bit tired seeing this bounce onside then offside. Drop you mother so I can add some!

http://i1236.photobucket.com/albums/...guy/eu3nh4.gif

http://i1236.photobucket.com/albums/...guy/eu3nh1.gif
Incidently it has come back down again another 40 pips and ma's crossed on 15m timeframe, crazy action lol

Tom
Quoting Malinbeg
Can you tell me how you managed to turn off or hide the price on the TOS charts

Regards
Bill
Malinbeg, I used line char type color red (Same as EMA 1 red).
Enter Signature
An overview of the past 3 days shows that this pair is in consolidation on the H1 chart...trading back and forth roughly over the same 150 pips. I don't see any trades on the H1 chart until price breaks though either support or resistence.

Of course there are plenty of pips to be had on smaller TFs...fewer pips at a time, but lots of action for "action lovers."
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Hi Lawgirl,

Good to see another thread from you and that too using MAs. many times MA systems are looked at as culprits for loosing money. The fact is that many traders (newbies particularly) rely only on MAs and mostly the trades go wrong.

I think this would be an exception among the systems using MA crossover. I think this could be a successful way of trading...for those who trade with patience.

I am a silent fan of your BO system and would try this one too.

Thanks & Regards,
niksan
Quoting maudur
Malinbeg, I used line char type color red (Same as EMA 1 red).
Thank you
Bill
Quoting niksan
Hi Lawgirl,

Good to see another thread from you and that too using MAs. many times MA systems are looked at as culprits for loosing money. The fact is that many traders (newbies particularly) rely only on MAs and mostly the trades go wrong.

I think this would be an exception among the systems using MA crossover. I think this could be a successful way of trading...for those who trade with patience.

I am a silent fan of your BO system and would try this one too.

Thanks & Regards,
niksan
Thanks, niksan, and welcome. I think you will find that this system can bank you alot of pips, with patience and attention. It also incorporates BOs very nicely. Please feel free to actively participate in the thread.
Quoting lawgirl21
trading back and forth roughly over the same 150 pips.
What you have just described is effectively like an ATM to me!!!

Trading that range is a license to print money....but that's for another thread
Stopped out
Just been watching cnbc news, with protests all over concerning Wall Street, they are calling the situation "Fraudulent manipulation of the markets"
I think looking at the state of Europe and then looking at the position of the Euro, maybe they have a point!

respect

Tom
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