Attachments: 10sma on Weekly Chart System

10sma on Weekly Chart System

#21
Feb 15, 2012 10:11am Feb 15, 2012 10:11am

Olu
Joined Jun 2009 | Status: Trend Trader | 6,287 Posts

Quoting don555

Disliked

Olu I think he also meant if you are in a trend and it pullsback close to the 10sma and closes for that week you can then re-enter.

Could you not have entered on the previous week 15/1-22/1 on your gold trade.
He also dose not mention anything about sup.&res. but surely we would need to account for this.

I am also following a thread which is similar to this which might interest you it is called Daily Chart w/ 10sma which takes sup.&res. in to account and the stops I am sure will be smaller.
There also seems to be a lot of interest.

Ignored

You are right don. As i wrote earlier I would have waited till I got close to the SMA because the system calls for the stop to be below it.

I follow the daily 10sma too

Olu

If you think you can or cannot do it you are correct

#22
Feb 16, 2012 8:58am Feb 16, 2012 8:58am

don555
| Joined Apr 2010 | Status: Trader | 383 Posts

According to the system you would be long gold from 1731 area. You would have sat in drawdown for 2 weeks. But let us watch this one.

My Addition:
(1) I slapped on the MACD with usual setting and we are positive on it. So the trade might turn out to be good...
(2) I would be looking for a retracement after that long candle slice through the sma. I would be looking to get long as close as possible the the sma maybe around 1710 area. The 2 points above are mine not and not from the original author

Olu what is your reason for looking for a long around the 1710.0 area.
Is it because that area is a major support in the daily.

#23
Feb 20, 2012 4:44am Feb 20, 2012 4:44am

myfx4u
| Joined Feb 2012 | Status: Trader | 18 Posts

Your entry was supposed to be at the close of the 5th candle from the end in your chart. ie a candle before your entry. If the candle close is too far from the MA line better wait for pull back towards the MA line.

Anyway.... Best of Luck for your entry.

Quoting Olu

Disliked

Don

According to the system you would be long gold from 1731 area. You would have sat in drawdown for 2 weeks. But let us watch this one.

My Addition:
(1) I slapped on the MACD with usual setting and we are positive on it. So the trade might turn out to be good...
(2) I would be looking for a retracement after that long candle slice through the sma. I would be looking to get long as close as possible the the sma maybe around 1710 area. The 2 points above are mine not and not from the original author

Olu

Ignored

#24
Feb 20, 2012 4:46am Feb 20, 2012 4:46am

myfx4u
| Joined Feb 2012 | Status: Trader | 18 Posts

Quoting Olu

Disliked

Don

According to the system you would be long gold from 1731 area. You would have sat in drawdown for 2 weeks. But let us watch this one.

My Addition:
(1) I slapped on the MACD with usual setting and we are positive on it. So the trade might turn out to be good...
(2) I would be looking for a retracement after that long candle slice through the sma. I would be looking to get long as close as possible the the sma maybe around 1710 area. The 2 points above are mine not and not from the original author

Olu

Ignored

#25
Feb 20, 2012 8:18am Feb 20, 2012 8:18am

tomthepoppop
| Joined May 2011 | Status: It's a GREAT life | 495 Posts

I am going to try this strategy on Demo on AUD/USD and AUD/CAD for a month.

#26
Feb 20, 2012 8:38am Feb 20, 2012 8:38am

Olu
Joined Jun 2009 | Status: Trend Trader | 6,287 Posts

Quoting tomthepoppop

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I am going to try this strategy on Demo on AUD/USD and AUD/CAD for a month.

Ignored

Let's know how you get on

Olu

If you think you can or cannot do it you are correct

#27
Feb 20, 2012 8:43am Feb 20, 2012 8:43am

Olu
Joined Jun 2009 | Status: Trend Trader | 6,287 Posts

Quoting tomthepoppop

Disliked

I am going to try this strategy on Demo on AUD/USD and AUD/CAD for a month.

Ignored

By the way can you tell us why you chose those two pairs? Of course you can demo it on any pair but just wondering why these two...

Olu

If you think you can or cannot do it you are correct

#28
Mar 26, 2012 6:57am Mar 26, 2012 6:57am

geniusztc
Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts

i am sorry for my absence,my fault. i hope i can go as long as i can now .i will explain more later .

Attached Image (click to enlarge)

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A chart helps those who can read it.

#29
Mar 26, 2012 7:07am Mar 26, 2012 7:07am

Olu
Joined Jun 2009 | Status: Trend Trader | 6,287 Posts

Quoting geniusztc

Disliked

i am sorry for my absence,my fault. i hope i can go as long as i can now .i will explain more later .

Ignored

Welcome back. This strategy has been the basis of some of my trades so I will be posting here as well. Great trade by the way...

Olu

If you think you can or cannot do it you are correct

#30
Mar 26, 2012 7:42am Mar 26, 2012 7:42am

Dreamliner
Joined Oct 2006 | Status: Trader | 2,271 Posts

Your entries and exits on this pic are nearly random. For instance, for your first trade, your "get out" candle should have been 13 candles back from what you show on your picture. For some of your other entries short, they should have been much earlier. Maybe you can get a chance to explain what additional rules you use, because the picture you posted here does not match with your rules.

Quoting geniusztc

Disliked

hello,everyone ,i want to share a amazing system here ,i am sure you can make huge money with this sysytem .

this system is useful to all pairs ,EURUSD is the best one .

you just need a 10sma line on your chart .

[color=black]turn your chart to weekly chart （daily chart is not too bad ,too. the difference is just fund management).

open order:when the 10sma is downward. open a short order [color=red]near [color=black]the 10sma...

Ignored

#31
Mar 26, 2012 7:59am Mar 26, 2012 7:59am

Olu
Joined Jun 2009 | Status: Trend Trader | 6,287 Posts

Quoting Dreamliner

Disliked

Your entries and exits on this pic are nearly random. For instance, for your first trade, your "get out" candle should have been 13 candles back from what you show on your picture. For some of your other entries short, they should have been much earlier. Maybe you can get a chance to explain what additional rules you use, because the picture you posted here does not match with your rules.

Ignored

God point...

Olu

If you think you can or cannot do it you are correct

#32
Apr 9, 2012 7:45am Apr 9, 2012 7:45am

don555
| Joined Apr 2010 | Status: Trader | 383 Posts

Quoting Olu

Disliked

God point...

Olu

Ignored

It looks like this guy does not like being put on the spot.

#33
Apr 9, 2012 11:21pm Apr 9, 2012 11:21pm

hermes777
| Commercial User | Joined Mar 2012 | 25 Posts

Even better strategy for weekly charts is to buy when highs exceeds previous week (HH) and sell if LL. You can still include the 10 SimpleMA.
That shortened the famous 4 Weeks Rule strategy. Less DD.
Cheers Hermes

#34
Feb 12, 2014 3:09am Feb 12, 2014 3:09am

zouleisheng
| Joined Jan 2014 | Status: The great way is not difficult | 76 Posts

哥们，这方法靠谱么？
那个Genesis Matrix 指标不知道你研究过没，老外的英文太难看懂了，不太理解，你懂的话方便给说说么？

#35
Jul 3, 2017 2:34am Jul 3, 2017 2:34am

rere35
| Joined Jul 2017 | Status: Trader | 23 Posts

I am going to start using this system and follow it strictly. I will post my results in the future. Thank you.

Love the life you live, live the life you love

#36
May 7, 2020 3:56pm May 7, 2020 3:56pm

peterhenders
Joined Jul 2013 | Status: Trader | 275 Posts

The idea is great, and back testing proves the results but some of the followers seem to skip the logic- Use the weekly charts and tune in on the daily charts. If you cant work out wtf is going on or where the trend is then you maybe better off standing on the corner selling ice-cream.

#37
May 7, 2020 4:23pm May 7, 2020 4:23pm