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A "new" simple system based on MA

  • #881
  • Oct 23, 2012 12:56pm Oct 23, 2012 12:56pm
Sorry I was not here. It was a perfect day today and I hope you made lots of pips. Personnally I entered at 1,3030 and I took my profit automatically (I was out of my home) at 1,3005 because of the round number and S2 level just under it. For me it is enough support to take profit. It went as low as 1,2950 (round number too - you understand the power of the RN) but it is ok. If I was here I certainly woud have wait more because of Price Action, but it is ok. Not so bad for me : 25 pips of profit on many lots....

Quoting Too_Lazy
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...
  • #882
  • Oct 23, 2012 7:42pm Oct 23, 2012 7:42pm
Quoting hmaoui
Sorry I was not here. It was a perfect day today and I hope you made lots of pips. Personnally I entered at 1,3030 and I took my profit automatically (I was out of my home) at 1,3005 because of the round number and S2 level just under it. For me it is enough support to take profit. It went as low as 1,2950 (round number too - you understand the power of the RN) but it is ok. If I was here I certainly woud have wait more because of Price Action, but it is ok. Not so bad for me : 25 pips of profit on many lots....
Thank you for your reply.
A nice dorp down form 1.3030 to 1.3005.
but for a nice down trend,only earn less than 20%,I feel a little regret.
When you entry into a trend,do you only confirm if the setup is a nice one for entry,ignore support/resistance?And when you exit,mainly on the basis of support/resistance?
  • #883
  • Oct 24, 2012 7:43am Oct 24, 2012 7:43am
Never ignore support/resistance whatever it is for entry or exit !!! But if you have a setup, dont forget a resistance/support could be broken and if the trend is strong then the support/resistance can be broken. What I try to say you is that you cant ignore support/resistance in trading and you have to interpret your signals with price action and these levels which are support/resistance. But if the trend is strong dont believe a support/resistance cant be broken. You have to keep your SL tight and if it is broken be sure that the profit target could be interesting !!! So you can enter a trade with a high R/R ratio....and that's what you need in trading

Quoting Too_Lazy
Thank you for your reply.
A nice dorp down form 1.3030 to 1.3005.
but for a nice down trend,only earn less than 20%,I feel a little regret.
When you entry into a trend,do you only confirm if the setup is a nice one for entry,ignore support/resistance?And when you exit,mainly on the basis of support/resistance?
  • #884
  • Oct 24, 2012 8:06am Oct 24, 2012 8:06am
....it can go upside to retrace or downside to test 1,2900. My first scenario is a retracement because we have divergence between price and oscillators on the higher TF (1h) and we have S1 as a support. But I ont know the future and I dont anticipate it !!! A clear signal should be a break of S1 level (downside) or a clear break of LT EMAs by price with nice steep ST EMAs (upside).

We will see what the €/$ will do....
Attached Image (click to enlarge)
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  • #885
  • Oct 24, 2012 8:22am Oct 24, 2012 8:22am
A clear break upside....waiting for a perfect entry on the €/$ (long).
Attached Image (click to enlarge)
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  • #886
  • Oct 24, 2012 8:23am Oct 24, 2012 8:23am
Quoting hmaoui
A clear break upside....waiting for a perfect entry on the €/$ (long).
It could be a retest of the RN 1,2950....
  • #887
  • Oct 24, 2012 8:26am Oct 24, 2012 8:26am
Quoting hmaoui
....it can go upside to retrace or downside to test 1,2900. My first scenario is a retracement because we have divergence between price and oscillators on the higher TF (1h) and we have S1 as a support. But I ont know the future and I dont anticipate it !!! A clear signal should be a break of S1 level (downside) or a clear break of LT EMAs by price with nice steep ST EMAs (upside).

We will see what the €/$ will do....
I read all posts this thread the 3th time right now，thanks for all that share your experience.
So bad today，with the nice system，but I out of control when the price arrived S1，I keep going short positon while the pirce towards up.
I will carefully study what you say about support/resistance，it confuse me for a long time.And I must take more time to control myself，mental state is not good today，should not in the market.
Do you have emotional reaction when your position is irritating？
  • #888
  • Oct 24, 2012 9:45am Oct 24, 2012 9:45am
Entry at 1,2960 SL 1,2945 First Target 1,2980.
  • #889
  • Oct 24, 2012 9:50am Oct 24, 2012 9:50am
....even if it is hard to do ! But when you look at the chart, you can see that there is a support as S1 level and price action is clearly hesitating (little body candles - then a long candle up). Then you have to exit half of your position and put your stop at breakeven for example. It is a solution because support/resistance areas are important.

Quoting Too_Lazy
I read all posts this thread the 3th time right now，thanks for all that share your experience.
So bad today，with the nice system，but I out of control when the price arrived S1，I keep going short positon while the pirce towards up.
I will carefully study what you say about support/resistance，it confuse me for a long time.And I must take more time to control myself，mental state is not good today，should not in the market.
Do you have emotional reaction when your position is irritating？
  • #890
  • Oct 24, 2012 9:55am Oct 24, 2012 9:55am
Just to understand this trade : we had a break (15mn TF) of LT EMAs by price, then a retrace just above a RN. I entered at 1,2960 and put my SL at 1,2945 (just under the RN which act as a support). The first target is 1,2980 which is the last high (resistance). Price may reach 1,30 for a retest because we have strong resistance there with PP and RN !

I dont know if I will be right or wrong, but this my plan according to my rules. So I trade my plan...wait and see now.

Quoting hmaoui
Entry at 1,2960 SL 1,2945 First Target 1,2980.
  • #891
  • Oct 24, 2012 9:56am Oct 24, 2012 9:56am
Feel free to post your comments or suggestions !

Quoting hmaoui
Just to understand this trade : we had a break (15mn TF) of LT EMAs by price, then a retrace just above a RN. I entered at 1,2960 and put my SL at 1,2945 (just under the RN which act as a support). The first target is 1,2980 which is the last high (resistance). Price may reach 1,30 for a retest because we have strong resistance there with PP and RN !

I dont know if I will be right or wrong, but this my plan according to my rules. So I trade my plan...wait and see now.
  • #892
  • Oct 24, 2012 10:10am Oct 24, 2012 10:10am
I did not take the trade but there was a perfect setup on GBP/USD (unfortunately I was focus on €/$ - lol). Maybe someone took it ? Entry signal near PP....with tight SL (maybe 15 pips) for a profit of about 40 pips minimum. Did someone take it ?
  • #893
  • Oct 24, 2012 10:50am Oct 24, 2012 10:50am
Quoting pama.fx
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
Just follow my blog that I keep, I don't want to deal with a thread here.

I believe its in my profile information or
scalppipping.blogspot.com
Small disciplines repeated with consistency lead to great achievements.
  • #894
  • Oct 24, 2012 12:49pm Oct 24, 2012 12:49pm
Lost 15 pips....but it is a good trade even if I did not earn money because I traded my plan and I respected my MM. We'll see tomorrow.

Quoting hmaoui
I did not take the trade but there was a perfect setup on GBP/USD (unfortunately I was focus on €/$ - lol). Maybe someone took it ? Entry signal near PP....with tight SL (maybe 15 pips) for a profit of about 40 pips minimum. Did someone take it ?
  • #895
  • Oct 25, 2012 1:48am Oct 25, 2012 1:48am
This the LT chart (1h) to trade 15mn TF. We can see a clear trand line...
Attached Image (click to enlarge)
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  • #896
  • Edited 1:26pm Oct 25, 2012 10:09am | Edited 1:26pm
Hello all.

Today I ended with 7 pips (+2.8%)

I enter three times.

The first one was got even because of the spread it didn't take TP level.

Attached Image (click to enlarge)
Click to Enlarge Name: 25 Oct 2012.jpg Size: 105 KB


Regards,
Dragon
  • #897
  • Oct 26, 2012 5:47am Oct 26, 2012 5:47am
Bonjour mr. hmaoui,

I am a very newbie, wannabe-trader (only a few months into it). I am still learning about trading and building a strong mind (avoiding emotions while trading and so on).

I am also a big fan of keeping things clean and simple. This is why your system really appealed to me. Also the fact that it's designed to work on m1-m5 tfs won you my undivided attention.

From what I gather, the idea of your system is to find a trend and to scalp it, by using oscillators to find the perfect entries. But I was wondering if what I'm doing is right, or if I'm completely missing the point of your system. I would be glad if you could take a look at my entries and tell me if they're good or not.

Thanks in advance.
Attached Image(s) (click to enlarge)
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  • #898
  • Oct 26, 2012 10:46am Oct 26, 2012 10:46am
I'd say that looks pretty good right there ! Patience and sticking to your plan will make you successful. But also make sure you plan out how you will exit. You can enter a market 1,000 different ways, but it doesn't matter if you don't know how to exit.
Small disciplines repeated with consistency lead to great achievements.
  • #899
  • Oct 26, 2012 12:41pm Oct 26, 2012 12:41pm
Quoting jmflukeiii
I'd say that looks pretty good right there ! Patience and sticking to your plan will make you successful. But also make sure you plan out how you will exit. You can enter a market 1,000 different ways, but it doesn't matter if you don't know how to exit.
I am guessing you are answering me.

Well I tend to get scared quick and leave the market after I've made half a dozen pips, or I just use my oscillators again, to find the exit. For now what really troubles me is getting the trend right and to avoid being faked-out by my oscillators.
  • #900
  • Oct 29, 2012 9:11am Oct 29, 2012 9:11am
Continue and wait for the perfect setup as you are a newbie. You will be more and more confident in the system and you will earn more and more money...The only devie I can tell you is maybe to focus on higher TF such as 15mn. 1mn is for experienced trader I think and it requires time behind the screen !

Happy to see the system appeals you.

Quoting WDays
Bonjour mr. hmaoui,

I am a very newbie, wannabe-trader (only a few months into it). I am still learning about trading and building a strong mind (avoiding emotions while trading and so on).

I am also a big fan of keeping things clean and simple. This is why your system really appealed to me. Also the fact that it's designed to work on m1-m5 tfs won you my undivided attention.

From what I gather, the idea of your system is to find a trend and to scalp it, by using oscillators to find the perfect entries. But I was wondering if what I'm...
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