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A "new" simple system based on MA

  • #701
  • Nov 25, 2011 3:24am Nov 25, 2011 3:24am
That's a good way to trade ! Dont be greedy....

Quoting jmflukeiii
Another EU sell for 10 pips.

And tried again, but got out at BE because it didn't move the way I liked. They don't all win, but my stop started at -5, moved to BE after +3 pips because either its going to keep going or its not a trade i want to be in.

That's the beauty in my mind... you're buying/selling the pullback. If you do it right, that's the top/bottom and price will only move in your favor. So I just move my stop to BE as soon as possible, because usually if I didn't find the top/bottom of the pullback, and the price goes against me,...
  • #702
  • Nov 25, 2011 3:38am Nov 25, 2011 3:38am
Quoting hmaoui
That's a good way to trade ! Dont be greedy....
I have to thank you again for your advice... total shift in my confidence levels in just this week. Funny thing is I read your thread about 4 months ago and for some reason didn't choose to use it. But quickly found myself over trading and using huge stops, etc... tight stops alone can add such a large level of confidence, but when combined with an excellent entry technique, it just seems so much easier all of a sudden. And enjoyable
Small disciplines repeated with consistency lead to great achievements.
  • #703
  • Nov 28, 2011 2:20am Nov 28, 2011 2:20am
10 pips, taken out on a tight trail.
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Small disciplines repeated with consistency lead to great achievements.
  • #704
  • Nov 28, 2011 12:53pm Nov 28, 2011 12:53pm
Hello

Today's trade was a -10 pips. Very bad luck because I could get +50 pips (red circle)

Attached Image (click to enlarge)
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Regards,
Dragon
  • #705
  • Nov 29, 2011 2:17am Nov 29, 2011 2:17am
I took only 15, but that's because I didn't even have time to move my Auto TP fast enough, currently a 50 pip trade....
Attached Image (click to enlarge)
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Small disciplines repeated with consistency lead to great achievements.
  • #706
  • Nov 29, 2011 6:23am Nov 29, 2011 6:23am
Quoting dragonspeak
Hello

Today's trade was a -10 pips. Very bad luck because I could get +50 pips (red circle)

Attachment

Regards,
Dragon


Hello dear dragon. I enjoy your comments, but I want to show the error that occurs repeatedly at you. You are too early to make a deal to buy. We had to wait when all the true test will reveal MA and will be beautiful and true test disclosure. The main condition for a true test of the transaction disclosure MA. Sincerely Terakot77!
  • #707
  • Nov 29, 2011 6:31am Nov 29, 2011 6:31am
Quoting Terakot77
Hello dear dragon. I enjoy your comments, but I want to show the error that occurs repeatedly at you. You are too early to make a deal to buy. We had to wait when all the true test will reveal MA and will be beautiful and true test disclosure. The main condition for a true test of the transaction disclosure MA. Sincerely Terakot77!
Hi Terakot77! Could you explain exactly, what you mean. Please don't translate with an automatic translator, show us pictures, please. A bad example and this example, when the entry is good. Thank you.
  • #708
  • Nov 29, 2011 9:46am Nov 29, 2011 9:46am
Quoting Terakot77
Hello dear dragon...Terakot77!
Hello Terakot77. I thank your comments. Please use picture because I don't fully understand you. Do you mean that I have to wait for a bounce on the EMAs?

Let me say that when there's a pullback that goes to 12 EMA +/- 3 pips I take the trade. That's why sometime seems that I take the trade too early, but in my opinion that's the neighborhood that works better to take the trades.

Regards,
Dragon
  • #709
  • Nov 29, 2011 9:06pm Nov 29, 2011 9:06pm
Quoting dragonspeak
Hello Terakot77. I thank your comments. Please use picture because I don't fully understand you. Do you mean that I have to wait for a bounce on the EMAs?

Let me say that when there's a pullback that goes to 12 EMA +/- 3 pips I take the trade. That's why sometime seems that I take the trade too early, but in my opinion that's the neighborhood that works better to take the trades.

Regards,
Dragon

I only trade when the EMA true test fan vvreh or down. Usually wait when the price approaches the 30 EMA or 60 EMA, my stop loss 10 - 12 pips and when the price breaks the EMA 60 then I will not sell, but waiting for the next trade. We have eyes to see the fan EMA indicator only helps above all price.
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  • #710
  • Dec 2, 2011 12:27am Dec 2, 2011 12:27am
+21 on AU, done for the day/night (depending on where you live).
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Small disciplines repeated with consistency lead to great achievements.
  • #711
  • Dec 2, 2011 2:39am Dec 2, 2011 2:39am
should have remained done for the night, but thought that maybe AU would maybe finally surge up. small loss, -4.9 pips. can't win 'em all

Already in a winning trade from another method I use as you can see with a stop at BE +5 on 1/2 position (other half +8)
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Small disciplines repeated with consistency lead to great achievements.
  • #712
  • Dec 5, 2011 10:20am Dec 5, 2011 10:20am
Hello.

Today was very quite. I only enter once and lost.

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Regards.
Dragon
  • #713
  • Dec 5, 2011 10:33am Dec 5, 2011 10:33am
Quoting Terakot77
I only trade when the EMA true test fan vvreh or down...
Hello. Thank you for your comments.

So you only enter when stoch is in oversold/overbought area?

Where would you enter in this chart?

Attached Image (click to enlarge)
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Please, post more examples.

Regards,
Dragon
  • #714
  • Edited 11:54am Dec 5, 2011 11:42am | Edited 11:54am
Quoting dragonspeak
Hello.

Today was very quite. I only enter once and lost.

Attachment

Regards.
Dragon


Dear Dragon! Do you have again the same error too early entrance into the deal. Put the standard EMA to monitor costs.
  • #715
  • Dec 5, 2011 1:25pm Dec 5, 2011 1:25pm
Quoting Terakot77
Dear Dragon! Do you have again the same error too early entrance into the deal. Put the standard EMA to monitor costs.
Hello... please post your trades so we can learn.

Regards,
Dragon
  • #716
  • Dec 6, 2011 2:50am Dec 6, 2011 2:50am
Quoting dragonspeak
Hello... please post your trades so we can learn.

Regards,
Dragon
Hi Dragon! Just want to say that my trade is a little different, but basically the same thing.
I'm showing my template, if you're interested, I'll answer your questions.

I want to apologize right away, because as I talk through an interpreter Google.
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  • #717
  • Dec 6, 2011 3:13am Dec 6, 2011 3:13am
Hi to all. I have not written any post but I follow this thread for some time and I think it's great. Currently I am using it in a real micro account, but I have yet to improve. So I would like to know your modifications, Terakot77. Which settings do you use in your indicators? What are your rules for entry and exit?

Sorry for my English.

Thaks to all for this thread.
  • #718
  • Dec 6, 2011 3:21am Dec 6, 2011 3:21am
Quoting Terakot77
Dear Dragon! Do you have again the same error too early entrance into the deal. Put the standard EMA to monitor costs.
Hi Terakot77. I want to understand, why the entry of Dragonspeak is too early. Please take the picture from dragonspeak and show us on this picture with an arrow, where he was wrong, what was the fault exactly, what was not right.
Thank you for your help.
  • #719
  • Dec 6, 2011 3:23am Dec 6, 2011 3:23am
This was a nice one +20 to finish off my run here on EU. I was in long since 1.3361 on my first lot, second lot at 1.3373, third lot at 1.3378, 4th lot on the hmaoui buy at 1.3392. Great run. Exit at 1HR broken trendline which could very well be resistance now and sell off from here.
Attached Image(s) (click to enlarge)
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Small disciplines repeated with consistency lead to great achievements.
  • #720
  • Dec 6, 2011 3:28am Dec 6, 2011 3:28am
Quoting Lupin3rd
Hi to all. I have not written any post but I follow this thread for some time and I think it's great. Currently I am using it in a real micro account, but I have yet to improve. So I would like to know your modifications, Terakot77. Which settings do you use in your indicators? What are your rules for entry and exit?

Sorry for my English.

Thaks to all for this thread.
Your english is fine... I think you need to concern yourself less with the indicators... Hmaoui's original indicators are all you need. In fact, DMI is rather unecessary if you can just look at the price moving. If MAs are spread nicely, the trend is going strong.

What you should do is have a bigger time frame chart next to you, look at 5 and 30 minute charts, or 15 and 1 hour. This sytem works great for a pullback when you are in a lot of space on your larger time frame charts. EUR has been very tight the past week or so and a lot of seemingly good trades have been right before a big support or resistance level.

If you still really want indicators, the stochastic is best and try to watch the price. I usually enter once the price has closed above the high of the previous bar in the pullback (if going long) or the low of the previous bar in the pullback (if going short).
Small disciplines repeated with consistency lead to great achievements.
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