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A "new" simple system based on MA

  • #861
  • Oct 11, 2012 10:25pm Oct 11, 2012 10:25pm
Trade #2. Everything looks good to me.

https://lh4.googleusercontent.com/-F...10121522GJ.jpg
Winners add to winning trades!
  • #862
  • Oct 11, 2012 11:08pm Oct 11, 2012 11:08pm
FAIL!!! -9p

Not sure what went wrong.

https://lh5.googleusercontent.com/-f...10121604GJ.jpg
Winners add to winning trades!
  • #863
  • Oct 12, 2012 9:15pm Oct 12, 2012 9:15pm
Hello all. Today I ended with +4 pips.

I try to minimize my losses and maximize my profits. In order of doing this I trail the stop loss behind the high/low of the last three candles. That's why sometimes I broke even.

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Have a nice weekend,
Dragon
  • #864
  • Oct 14, 2012 7:14am Oct 14, 2012 7:14am
Quoting jmflukeiii
Honestly it doesn't matter too much. Use any combination to show you the trend you want to trade. I like 33 and 99 EMAs or SMAs. I mainly use two CCIs for trend and pullback, one longer term CCI and one shorter term CCI to show the pullbacks while the longer CCI still shows the trend. I also don't use time based bars, but use hybrid renko bars which give you an easy trigger for entering trades.

This picture is Euro futures, but I mainly trade oil and s&p futures now. The idea is exactly the same - find a trend on your [b]one chart however you...
hi jm

any chance if you can open a new thread and share the renko bars trading method. it looks easy interpret with renko bards as seen in your chart. how?

cheers
Trade As A Sniper
  • #865
  • Oct 18, 2012 6:47am Oct 18, 2012 6:47am
Thank the authors and other members to share their experience here.
I read this thread from the 1st one to the end,the idea is very good,but I have some questions about the entry.
According to the rules,the entry will appear many times a day,how did you filter the signal that can reduce the entry,so you can find the prefect one(the more you trade,the more you loss)，but why only trade one of them？
The others is not good？why？
I am very sorry for my poor English，Thank you very much for your reply
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  • #866
  • Edited 3:16am Oct 19, 2012 2:59am | Edited 3:16am
eur/usd chart，the MAs r spreading，the DMI confirmed，and Stoch is above 50，so I wait PA appear bearish candle，at last，two spindle appeared，and Stoch OB，I go short @1.3057，ST@ the last high point+2.
I dont know whether I had some mistake or not，if I had，plz indicate.
Thanks to reply for everyone.
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  • #867
  • Edited 3:42am Oct 19, 2012 3:32am | Edited 3:42am
The price go down to 1.3039 is a PP.I exit 60% @1.3043 and the rest 40% take B/E.
I have some bad habit,like often change my plan when I am in the market.
The rest 40% position，at first I move St @1.3048，but when I see the MAs & DMI is remain OK，I change my mind move ST to B/E，to take more pips.
At last,@1.3039 is a 2b modle,this tarde end @1.3056，+1pips.
Sorry for my poor English again,hope u can understand what I wrote.



And after a while,the market remain suitable for go short @1.3050,but the S1 PP is 1.3039,the R/R is not appropriate,so i wait the better chance.
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  • #868
  • Oct 19, 2012 11:22pm Oct 19, 2012 11:22pm
Quoting hmaoui
Yes, feel free to change the oscillators you want to use if it fits you best. But keep the philosophy of the system.
Trading 5mn is better than 1 min I think because 1 min is really hard to trade (lots of emotions). You can try 15min TF too with a check on 1h TF. Dont forget Pivots and Price Action which will help you to be a winner. For example, on your chart, you can see doji which is a sign of weakness. You can enter short with confidence coz you are in a down trend, there is a nice pullback and PA is good (I dont comment your oscillator coz...



Hey hmaoui,thanks for wrote this thread to share your stratege and experience here.Long time no see you,still you look this thread?



So bad of my exit.The last two trade I was on tilt becos price move to 1.3038 and touch my first ST.I must control my negative emotions later.

And I have some questions of the long TF & short TF,i remember that you say when u tarde 1min TF,you will confirm the trend by look 5min TF's chart,
1.you mean only the 5m have a trend and 1mTF have a trend at the same time,you will tread when stoch appear a entry,otherwise you wait,right?
2.if so, when you trade 5min chart,do you confirm the trend on the 15min?
Sorry for my poor English,hope u can understand what i say,Thanks for ur reply.
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  • #869
  • Oct 22, 2012 6:36am Oct 22, 2012 6:36am
Never forget to check the higher TF to see if the LT trend is bullish r bearish especially when it has dropped for a long time...and never forget that you will never have a 100% win rate !!!! But that's it

Quoting marshalmax
Trade #2. Everything looks good to me.

https://lh4.googleusercontent.com/-F...10121522GJ.jpg
  • #870
  • Oct 22, 2012 6:39am Oct 22, 2012 6:39am
Dont be greedy take your profit on the half and let the second running until the trend change (DMI cross and/or LT EMAs cross)

Quoting Too_Lazy
Hey hmaoui,thanks for wrote this thread to share your stratege and experience here.Long time no see you,still you look this thread?



So bad of my exit.The last two trade I was on tilt becos price move to 1.3038 and touch my first ST.I must control my negative emotions later.

And I have some questions of the long TF & short TF,i remember that you say when u tarde 1min TF,you will confirm the trend by look 5min TF's chart,
1.you mean only the 5m have a trend and 1mTF have a trend at the same time,you will tread when stoch appear a entry,otherwise...
  • #871
  • Oct 22, 2012 6:40am Oct 22, 2012 6:40am
Based on 15 mn TF we have an entry signal on eur/usd.....let's see if you are ok !
  • #872
  • Oct 22, 2012 7:00am Oct 22, 2012 7:00am
Because we have a bullish configuration ST EMas above LT EMAs and Sto are oversold and Price found a support near 1,3050 (Round Number) and we opened the session above the Weekly pivot. Thats why I took this signal. We will see.
  • #873
  • Oct 22, 2012 7:03am Oct 22, 2012 7:03am
Exited 1/2 of my position at 10 pips of profit and placed my SL at B/E. I let the second half running until a trend change signal. It is a free trade now, the only risk is to get more profit !
  • #874
  • Oct 22, 2012 7:21am Oct 22, 2012 7:21am
Have a look to understand better.
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  • #875
  • Oct 22, 2012 7:43am Oct 22, 2012 7:43am
Have a look
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  • #876
  • Oct 22, 2012 7:49am Oct 22, 2012 7:49am
I hope these charts and comments will help you to understand the philosophy of the system. Some people ask me if there is a blog or a private room to get signal and I would like to be extremely clear : Trading is not only about the method so I will never ask you a penny for my knowledge. I try to be a trader not a guru ! I earn my money from forex not from learning even if it would be interesting. Also, never forget that to become a successful trader you have to get a system that suits you but the most important is to have the good behaviour : no emotions in trading (fear, greed, etc.).

My knowledge is for free not for sale
  • #877
  • Oct 22, 2012 8:18pm Oct 22, 2012 8:18pm
Quoting hmaoui
Because we have a bullish configuration ST EMas above LT EMAs and Sto are oversold and Price found a support near 1,3050 (Round Number) and we opened the session above the Weekly pivot. Thats why I took this signal. We will see.
The key of the system is find the potential trend，and jump in at good position.
But more confuse me is how to confirm a trend that have more potential？
In your chart，the EMAs are long arrangement，but the 60EMA is point to 0 degree,which means no trend，is this a good entry yet？
I remember you said find the prefect setup when the emas are long arrangement（ex.long trend）& the LT ema point to 0 o'clock between 2 o'clock and the emas spread enough，then confirmed by DMI.

Nice post from Bom-Bom about how to recognize a trend. It is a part of the system I have not developped because I use to be trading this system for many months now (near 2 years). So I think Bom-Bom idea (the clock - developped in a Raghee Horner book) is a good idea. BUT I advise you to focus on the LT EMAs. WHY ? Because the ST are very sensitive of course and as you are waiting for a pullback, the ST will be flat in deep pullback. The trend is bullish if the LT EMAs are pointing up (near 2 o'clock) and bearish if pointing down (near 4 o'clock). And this is confirmed (or not) by the DMI. Also dont forget that LT EMAs will be well spread when it is in good trend!!!



I do appreciate for your help!
  • #878
  • Oct 22, 2012 8:43pm Oct 22, 2012 8:43pm
Quoting hmaoui
Never forget to check the higher TF to see if the LT trend is bullish r bearish especially when it has dropped for a long time...and never forget that you will never have a 100% win rate !!!! But that's it
I tried to understand this sentence,if I have some mistake plz point it.
When I see a bearish trend on 5min chart,I check the 15min chart to find a trend,if 15min have a short trend,I will trade on the 5min used this system,if 15min have no trade,on 5min chart any singal can't used to trade,right?
but if 15min have a good trade,on 5min chart is go bulllish for very long time.
i cant post picture now, what I said is the chart on E/U now，I know London and NY is good this is only for the question
  • #879
  • Oct 23, 2012 3:06am Oct 23, 2012 3:06am
You are right ! And I took this trade because I master my system and I know that the profit will be very quick and not very important (only 20 pips on the second half) because the trend was not very clear ! But lots of support told me to take this trade for a quick and limited profit. If you are a beginner with this system, be patient and focus on perfect setups. Effectively, the LT EMAs poitning at 2 o'clock is good way to determine a trend. But you can also check for trendlines, for support and resistance, PP, etc...to be in position at the beginning of the trend. This is a theme developped by Raghee Horner in his book too as breakout trades.

Quoting Too_Lazy
The key of the system is find the potential trend，and jump in at good position.
But more confuse me is how to confirm a trend that have more potential？
In your chart，the EMAs are long arrangement，but the 60EMA is point to 0 degree,which means no trend，is this a good entry yet？
I remember you said find the prefect setup when the emas are long arrangement（ex.long trend）& the LT ema point to 0 o'clock between 2 o'clock and the emas spread enough，then confirmed by DMI.

[i][color=darkorange]Nice...
  • #880
  • Oct 23, 2012 7:29am Oct 23, 2012 7:29am
Quoting hmaoui
You are right ! And I took this trade because I master my system and I know that the profit will be very quick and not very important (only 20 pips on the second half) because the trend was not very clear ! But lots of support told me to take this trade for a quick and limited profit. If you are a beginner with this system, be patient and focus on perfect setups. Effectively, the LT EMAs poitning at 2 o'clock is good way to determine a trend. But you can also check for trendlines, for support and resistance, PP, etc...to be in position at the beginning...
Sounds good！！！
To find a potential trend，I can use any one method that I can use well，the Guppy MAs is one of them.
And what‘s your mean is if there is a good trend（EMAs well & DMI confirmed）I have a comfortable entry，but don't forgot set SL.
If the trend is not very obvious,or not a very perfect one,or exist some disputes,in this case,I can choose to trade or wait for a better one.
If I choose to trade,I must set a tight SL and take profits and exit quickly，not greedy because it is a more risky trend.
Today is a very good down trend,day ATR above 110,I had entry 3 times,I catch the down trend from 1.3053 to 1.3025,but new question confuse me,@1.3025 is a support and on 5min chart is a setup to short entry,would your take this setup?I hesitate to this:it's a good short setup to entry,but a support below the entry,in this case,could I go for a short position?
The same problem occurs on the 5min @1.3000(round number) which is another good entry for short,the price has hovering there,what can I do?I need your advice.
Very kindly of you that you can Take time to answer my question even though you have been a successful FOREX TRADER,best wishes to you.
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