Open/close cross

Getting a series of small losses. Looking for the big move........
closed the short with a signal long.
pending order long just above yesterday's high..

another small loss.
signal is short....
could drag along here for a while.
Waiting for the big move....

The trendless environment is killing my demo account xD

I've studied this 5,5 cross back to 2006, every trade. Sometimes there is series of bad trades like this. Just have to be able to ride it out. the big ones are coming.
That's why trading a % that allows for a string like this is essential...
I'm not sweating at all.
the losses are small the gains will be huge.
Chin up...
I'm trading real money. And I'm fine. No fear.

nice move in eu...
5,5 gets us in...
now we look to move the stop to BE +5 gain
when prices move 2 ATR, in this case for my broker it is 262 pips.
exit is when stop is hit (would have to be a big surprise or news to do that) or more likely when a reverse signal appears.
Entered short yesterday, there was no red arrow formed but the moving averages were crossing when the candle was forming, it is a choice to enter early then or not. Can wait for the arrow.

I really kike this method of trading, think this is what I've been searching for for a long time. Currently in EU and GU (both Sells) in positive pips and SL locked in for zero lose (no-pressure trading). Don't let the thread die, keep posting, I will do the same moving forward.

Mitch

Here is my GU trade - all good!

My sentiments exactly. This is it...
Nice to see you appreciating the simplicity..

Jiva,

Just to make sure...s/l at 1 atr. Trail at 2 atr until stop or reverse signal.

How about USD/CAD. Looks like a good long

Yes stop remains at 1 ATR until 2ATR gain is reached. Then stop moves to BE and 5 pips gain. From there it trails at 2 ATR.
Chances of the 2 ATR being hit are very slim, it is really just an emergency stop in case of a "surprise". The real exit will most likely come from a reverse signal.
I'm just trading EU. Not even looking at other pairs right now. But the 5,5 works nicely on pairs that trend a lot (obviously). GU, UC, AU, probably would be good.
But I am EU only right now.
All in.
My 2% that is...

lovin' the 'simplicity' of this, keep up the good work , Thanks Jiva and William.

This system actually makes money....
It's not a carnival adrenalin ride.
It's almost boring. It's great. No sweat. No anxiety. Just follow the system.
Welcome aboard...

out EU short...

It's tricky. but in order to trade properly the strategy has to be followed strictly.
Yesterday I should have waited for the new day candle to exit but acting on impulse which is always a disaster, even if it captures gain because it reinforces bad trading habits, I exited about 3 hours into the trading day when I saw a cross up.
The problem with this is that crosses that place during the day are not trading signals, they come and go sometimes several times in course of a day. The only signal for trading on a cross comes at the formation of the new candle,.
But, with my dog-like mentality lurking and ready to pounce at any moment as soon as there was bone I jumped for it.
As it was I didn't get hurt in the equity department. I exited with 155 pips.
Right after I exited in the middle of the trading day the market dropped, the up cross disappeared and I was out of the market couldn't take advantage of the move.
All the old anxiety, confusion etc came flooding back from gambling days, and guessing and trying to figure out the market.. yech!!
So I need to remember this when faced with this situation again.
As it was if I had waited for the new day candle for a porper exit it would have meant around 20 more pips. Just a little smack on the side of the head, I guess. To wake up and stay attentive and follow the rules. They are proven.
So I'm out of the market and looking for an appropriate entry. On a new day candle........

21 is still down. There was an up arrow formed on yesterday's candle close but no down arrow. There was down cross at open of new candle. So instead of entering immediately with a short position have placed a pending sell order just below low of yesterday.
looking at possible 1,2,3 breakdown and continuation of downtrend.

pending short filled

stopped out

Long signal taken

Trades are placed only at open of new day candle. This is going to vary somewhat for different broker gmt's.
Oanda's fxtrader's new candle formed 30mins ago and is unclear if there is a signal or not and Oanda's mt4 which for some reason is 1 gmt later, still has 30 mins to the new candle.
Trading is so choppy I'm in no hurry to jump in.
Staying with the rules. That's the important thing because the system has been tested in live trading for several years and is profitable. It will take small losses in choppy trading and catch the big moves when trading trends.
Good luck.

long