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Yet another moving average crossover system

  • #841
  • Nov 12, 2011 6:56am Nov 12, 2011 6:56am
Quoting forexripper
Hi,

Impressive result. Woudl you mind sharing your setup i.e. timeframe, TP, SL with us all so that we learn and can have similar results.
Thanks
Have a nice weekend.
Hi

Basically I follow the setup as outlined by LG on page 1 .
For H1 trades:

  1. SL 30
  2. MM 2%
  3. move SL to BE after +30.

My preferred A+ setups:

  1. H1, H4 and D1 are supported by EMA 200 direction
  2. No trade against the color of H4 and D1

I close the trade manual if:

  1. EMA on H1 makes a strong bend
  2. EMA on M15 makes a cross
  3. If color on H4 has changed for more than 1 hour

Cheers
Andreas

  • #842
  • Nov 12, 2011 9:49am Nov 12, 2011 9:49am
Andreas, Please clarify your use of the word color in your excellent summary of your method. Are you referring to "Lawgirl's trend indicator" ?
Thanks.
Roger

Quoting AndreasF
Hi


Basically I follow the setup as outlined by LG on page 1 .
For H1 trades:

  1. SL 30
  2. MM 2%
  3. move SL to BE after +30.

My preferred A+ setups:[list][*]H1, H4 and D1 are supported by EMA 200 direction[*][size=3][font=Calibri]No trade against...

  • #843
  • Nov 12, 2011 10:11am Nov 12, 2011 10:11am
Quoting Jollyroger
Andreas, Please clarify your use of the word color in your excellent summary of your method. Are you referring to "Lawgirl's trend indicator" ?
Thanks.
Roger
I was referring to the actual candle color.
Please find attached the indi I got from trader TRO a couple of years ago.

It shows the color of the candles on all TF.
I found it useful for momentum trades.

Hope this helps
Attached File(s)
File Type: ex4 TRO_Multi_Meter_CandleColor.ex4   12 KB | 507 downloads
File Type: mq4 TRO_Multi_Meter_CandleColor.mq4   15 KB | 502 downloads
  • #844
  • Nov 12, 2011 2:49pm Nov 12, 2011 2:49pm
Thanks Andreas. I already use it on many of my templates.
Roger

Quoting AndreasF
I was referring to the actual candle color.
Please find attached the indi I got from trader TRO a couple of years ago.

It shows the color of the candles on all TF.
I found it useful for momentum trades.

Hope this helps
  • #845
  • Edited Nov 13, 2011 9:04am Nov 12, 2011 3:59pm | Edited Nov 13, 2011 9:04am
Quoting iamnoel
If we are using the m5 timeframe, as what WaveTrend showed in this chart, we use the same 200 ema as the reference for trend, and counter-trend trading?

Curiously though, if we will just use the cross of 3smma/8smma as our entry, what's the point of the 200 ema?

Thanks.


Btw, very much interested in AndreasF's setup as well.
CT trades work very well on the lower time frames. I trade during very active NY market hours so watching the price momemtum influences my CT trades on lower time frames. I respect the 200 more on the higher time frames. I usually don't trade these smaller time frames but market conditions the last few weeks have made me get in and out more quickly on lower the time frames. Until things change I'll stay at 1hr M15 and M5. Usually though I like 1 hour and up because of the whipsawing you get on the lower time frames. I might take a few trades with a few pip losses before I get into a 20 to 35 pip run on a M5 MA cross. I pay close attention to 00 and 50 numbers and try to watch for fades or breaks of these.
  • #846
  • Nov 13, 2011 4:20pm Nov 13, 2011 4:20pm
The 3MA has not been able to break the 200 EMA all of this month on the H4 chart. It will be interesting to see what it will now that it is attempting to break it again.
Attached Image (click to enlarge)
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  • #847
  • Nov 13, 2011 6:54pm Nov 13, 2011 6:54pm
Quoting lawgirl21
The 3MA has not been able to break the 200 EMA all of this month on the H4 chart. It will be interesting to see what it will now that it is attempting to break it again.
About 2 hours later.
Attached Image (click to enlarge)
Click to Enlarge Name: new thread 4.gif Size: 12 KB
  • #848
  • Nov 14, 2011 3:55am Nov 14, 2011 3:55am
Andreas, whats do you use 3 and 8 exponential movings or 3 and 8 smoothed movings? I noticed that exponentials give the enter signal early on 1h, but smoothed are to late and much pips lost. What is your opinion? Do you use 1h and 15 min cross confirmation? Thank you
  • #849
  • Nov 14, 2011 4:04am Nov 14, 2011 4:04am
Quoting lite27
Andreas, whats do you use 3 and 8 exponential movings or 3 and 8 smoothed movings? I noticed that exponentials give the enter signal early on 1h, but smoothed are to late and much pips lost. What is your opinion? Do you use 1h and 15 min cross confirmation? Thank you
Hi

I'm using the smoothed movings, haven't tested the exponentials yet
Yes, I wait for confirmation on M15

Right now short on H1 on EU:
H4 and D1 are < SMA 200 so we trade with momentum of higher TF

Cheers
Andreas
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 16 KB
  • #850
  • Nov 14, 2011 4:27am Nov 14, 2011 4:27am
After reading some of this thread and looking at the good results I decided to give this a demo try.
GU qualified according to how I understand the rules and I picked up 45 pips when it hit my SL. Very impressed
  • #851
  • Nov 14, 2011 4:44am Nov 14, 2011 4:44am
Andreas, thank you. Do you wait for 1 hour candle close afte you see a cross on 1h. or open a trade emmidiately after smoothed ma cross on 1h?
  • #852
  • Nov 14, 2011 5:43am Nov 14, 2011 5:43am
Quoting lite27
Andreas, thank you. Do you wait for 1 hour candle close afte you see a cross on 1h. or open a trade emmidiately after smoothed ma cross on 1h?
I don't wait for the close of the hour, other traders do.
Both options have their pro and con.

As long as I see a trigger on H1 confirmed by M15 -and preferrable supported by H4 and D1 I just jump in, like in today's EU trade.

Cheers
Andreas
  • #853
  • Nov 14, 2011 7:32am Nov 14, 2011 7:32am
Quoting lawgirl21
About 2 hours later.
H4 Chart..up over 50 pips
Attached Image
  • #854
  • Nov 14, 2011 7:53am Nov 14, 2011 7:53am
Lawgirl, thank you for thread. Do you use smoothed or EMAs? Do you wait for a candle close on 1h. or take a trade emmidiately after you see a cross on 1h? If you use 4h.for cross 1h. is for confirmation? What I noticed with smoothed on 1h. , that one must wait for pullback to SMMAs after cross ocured. Is it correct? Thank you
  • #855
  • Nov 14, 2011 7:58am Nov 14, 2011 7:58am
Andreas,at what price did you sell eur/usd? What chart time do you use? I use Interbankforex charts, GMT If smoothed have just crossed on 1h. and are crossed already on 15 min. you take a trade emmidiately or wait for price correction to movings on 1h? Thanks
  • #856
  • Edited 9:47am Nov 14, 2011 8:52am | Edited 9:47am
Quoting lite27
Lawgirl, thank you for thread. Do you use smoothed or EMAs? Do you wait for a candle close on 1h. or take a trade emmidiately after you see a cross on 1h? If you use 4h.for cross 1h. is for confirmation? What I noticed with smoothed on 1h. , that one must wait for pullback to SMMAs after cross ocured. Is it correct? Thank you
I am using EMAs, L27. I have moved to the H4 charts for awhile, with confirmation on the M30 chart. I enter as soon as I see a good cross on the H4 and confirm that price is continuing in that dirction on the lower TF.

EURUSD has been moving down since yesterday open, so it has had downward momentum for hours. The 200 EMA on the H4 chart pretty much stopped price and turned it around. Same thing now with GBPUSD...the 3 MA getting close to the 200 EMA. Will the 200 repel price and turn it around, or will price go through it? We'll see...
  • #857
  • Nov 14, 2011 9:30am Nov 14, 2011 9:30am
Interesting to note Euro weakness in both E/USD and E/GBP 4 hour charts - charts, with however only a potential soft cross or even a sideways movement for a while on E/GBP. Gold and Dow 4 hour about to cross short countertrend and we had a nice long cross earlier today on the US Dollar Index which reinforces the 4 hour E/USD and GBP/USD short trades
  • #858
  • Nov 14, 2011 10:06am Nov 14, 2011 10:06am
Quoting Malinbeg
Interesting to note Euro weakness in both E/USD and E/GBP 4 hour charts - charts, with however only a potential soft cross or even a sideways movement for a while on E/GBP. Gold and Dow 4 hour about to cross short countertrend and we had a nice long cross earlier today on the US Dollar Index which reinforces the 4 hour E/USD and GBP/USD short trades

Thanks for the analysis, Malinbeg. Where are you finding a chart for the US$ Index that you can put indicators on?
  • #859
  • Nov 14, 2011 10:28am Nov 14, 2011 10:28am
Quoting lawgirl21
Thanks for the analysis, Malinbeg. Where are you finding a chart for the US$ Index that you can put indicators on?
LG, thinkorswim.
Attached Image (click to enlarge)
Click to Enlarge Name: $DXY.JPG Size: 29 KB
Enter Signature
  • #860
  • Nov 14, 2011 10:45am Nov 14, 2011 10:45am
Quoting lawgirl21
Thanks for the analysis, Malinbeg. Where are you finding a chart for the US$ Index that you can put indicators on?
LG: Thank you. I use charts from ITFinance.com which are part of the package from 'IG Index' brokers based in UK and also with 'Market Spreads' based in Ireland. I do a lot of my forex trading on a spread betting brokerage platform as it is very tax efficient if resident in Ireland - no tax. I use the 'Think or Swim' platform for everything else
Only started with your concept today having read all the Thread over the week-end. I really love its simplicity and have been trading E/USD today with your system. Retirement is no longer so far on the horizon!!
Regards
Bill
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