A "new" simple system based on MA

Hi Milton,

I was thinking the same... and your comment is definitely correct. It was not exactly what the method requires.
However that trade was inspired by hmaoui's method anyway. There was no trend and no pullback.
These were the key factors I took into consideration:
1) Price Action was captured within a very narrow range for quite a long time and definitely needed a release(so I obviously set aside the "confirmed trend requirement").
2) After such an "imprisonment" PA would most probably explode without pulling back (so no "pullback requirement"). The question was - where to?
3) And this is where I thought that the rest of hmaoui's requirements would help. In particular:
Short Term MAs, being extremely squesed above Long Term MAs, start rapidly spreading upwards as the Stochastic and ADX/DMI indis produce clear buy signals (all at the same time).

here is the picture once again for your convinience:

http://www.forexfactory.com/attachme...hmentid=810200



As a matter of fact I made another successful entry today. And again, this one does not fully meet some of Hmaoui's requirements but still is based on his indicators and guidelines (partially).

When making this particular entry I took into consideration the same factors as described above, only this time the ST EMAs were not even clearly above LT EMAs, and Stochastic wasn't quite "friendly".
Here it is:



As you see I use the same indicators (and periods) as suggested by Hmaoui. Thats why I say my trades are inspired by his method. I think I just found a different reading. Cant say its 100% successful, but I will try this style on my demo account.
Oh... BTW I made this second trade on my real account again

Regards.

Here is another trade (which I unfortunately didnt take because I was busy with my reply to Milton)....

All same, Price action captured, local resistance formed, EMAs squesed
buy on breakout, as EMAs drastically spread and STO, DMI/ADX produce relevant signal.

+92pips, enter/exit (green line) on M5, confirmation of setup on M15, real account



see you next week
Art.

+20pips, I was lit bit late, but setup was nice (M1, M5 and M15 in agreement) so I took it.. since price was bouncing at M1 from resistant at 1.3939 i quit.


cheers & happy trading. For me it's time to sleep
Art.

...and one more trade, currently ~+20, M5 (beautiful setup on M15, entrance on M1 after first HL), not closed cause it's late here (2am).. i'm setting TP and going to bed



good night and happy trading!
Art.

...and that was end of this move, exactly +20pips. Lets see what the Market have for us today
Art

Hello all

Today I made two trades. First trade was -10 pips and second was +0 pips.

Total = -10 pips



Regards,
Dragon

there was couple of nice setups on Wed and Thu, a loooot pips to earn. Hope you catched them all (ueah, I know, risky cause of EU summit, but still...). unfortunately I missed them (..and lost some pips too in ranging market). Have a good Sunday, see you next week and happy pips for all!
Art.

fake entry, +1 pip




...and another bad one, right after (-7pips for me), price bounced from the support around 1.395

What is the channel you use (2 black lines) ? And what does it tell you ?

Hi!

Its just MA(3) closing on high and low. I use it mostly for exits, which (in my hands...) are much more effective using these lines
cheers!
Art.

Could you tell us how you use this channel for your exit because it is a point of improvement for the system. Thanks.

it's simple: lets say I'm long (entrance on pullback), price is going up until another pullback. Now its going down, and when crosses (significantly) lower line (MA(3), lows) - I quit. Usually I'm placing SL just below this line (see my charts). Its a tight, but quite accurate exit. Of course, if there is another signal for entrance later on, I enter again. Same for downtrend(exit on highs-MA(3)).

Study some charts (or have a quick look at my examples above) to get better feeling how it's working

Happy trading!
Art.

Hello everybody. Hope you are ready for making your pips today. I remember you the rule : Let the price trending (look at your EMAs and DMI), wait for a pull back (EMA as support, Stochastics oversold), and then jump in and put a tight stop loss.

About your exit, let some profits running until DMI cross or LT EMAs cross. Be aware of PP levels too !

Well i thought MA were too slow, but this one looks promising

This is a very good remark. You are right when you think EMA are lagging indicators...but we use the EMA only to define the trend and as dynamic support level. That's why the system is tradable. e dont use EMA as entry signal. The entry signal is given by price action relatively to support areas. We trade in the direction of the trend and we wait for the good timing looking at price action at support levels (EMAs/PP/Round numbers too) and an oscillator to confirm. Hope you will mak pips thanks too this system, and you will for sure if you strictly follow the rules !

....but here we generally talk about 1mn or 5mn TF. So for those who are interested in trading on longer TF, note that this system can be used too. But I developped another one which give very good results for 2 years in demo mode. And I think that we could mix the 2 systems to make more pips. So I ask the question to all followers : do you prefer another thread or do you want to discuss about these two systems here ? Waiting for your replies.

Also I am looking for a serious MT4 developper to create an EA....

Hello all.

Today was a -10 pips trade.



Since tomorrow, I will have more time. I will trade the first 3 hours of london and the first 3 hours of USA. I hope I can catch all the good moves.

Best regards,
Dragon

Hello Hmaoui.

First I want to thank you (again) for all of your time and effort to make this thread.

About the question, I prefer to discuss in a new thread.

Regards,
Dragon

A new thread would or should avoid confusion.

Thank You
Frank