DislikedThe system is also when the price touch ema 72 and go back closing beyond 12 ema.Ignored
SIMPLE EA for a simple method needed!! 2 replies
Making Money is Extremely Simple 38 replies
bo7a method... method for GBP/JPY 205 replies
Making an EA: "Simple Method of Scalping any pair by Imran Sait" 82 replies
Simple trading method 49 replies
DislikedGuys,
ARE WE MISSING TOO MANY TRADES BY BEING SO STRICT ON THE CROSS?
Is it my imagination or what. Ive been going over these 2 moving averages on daily charts for 2 weeks now,backtesting a lot of pairs. It seems to me that this is really a nice system. But it also looks to me that we are losing a lot of good trades(maybe not as great as the one we were given where the 12 has to kiss the 72 and price bars going thru both) because[b] I see many.many profitable trades just from getting in when price kisses the 12 as long as both 12 and...Ignored
DislikedGuys,
ARE WE MISSING TOO MANY TRADES BY BEING SO STRICT ON THE CROSS?
I?Ignored
DislikedI think you are right in a few ways. The entries that you describe are indeed valid but, how do you know when to really enter trades if you have 4 different ways to decide in the entries which are just a modification of the other failing. Isn't that being too hopeful? I see your point about not having trades for a long time. What would you rather have, mane trades to do every hour but with a lot of loosers or trade once a few days and then get that right with. Huge RR. I would pick the later, less stress and safer.
Of course when you start playing...Ignored
DislikedPicasso, you are quite right. I am guilty. I almost wish I kept quiet. But since I have spent over 8 years just on FF boards alone, sharing,learning and mostly reading and listening,and am always respectful of the moderator or system starters wishes, I rarely suggest something else...unless the possibility of it being effective can be mind boggling. But this is not my thread. I now go back into listen and learn mode. I never meant to change the subject. I am merely stating I'm no beginner to trading and thought I could be helpful because...Ignored
DislikedGuys,
ARE WE MISSING TOO MANY TRADES BY BEING SO STRICT ON THE CROSS?
Is it my imagination or what. Ive been going over these 2 moving averages on daily charts for 2 weeks now,backtesting a lot of pairs. It seems to me that this is really a nice system. But it also looks to me that we are losing a lot of good trades(maybe not as great as the one we were given where the 12 has to kiss the 72 and price bars going thru both) because[b] I see many.many profitable trades just from getting in when price kisses the 12 as long as both 12 and...Ignored
DislikedDude,
Today is XMAS. I am not quiet sure how sarcastic the above comment is because you also left me a PM... Nonetheless in the spirit of XMAS I will take all this in a good way.
You aren't causing inconvenience at all. You brought up a very important point about missing a lot of trades. When I was backtesting my charts I had exactly the same thoughts. But, then when I saw that following this method mostly leads to great RR and good win rates. But, I still had the dilema because I am not a full-time trader and do this part-time, so there...Ignored
DislikedExotic pairs... The trade on USDPLN at 24 starting to go up. Let's see if reach the targets... Is the USDZAR starting to look long?Ignored
DislikedI also checked what you were talking about and as long as the 4h 12 ema is in the same direction it is very profitable to take the 12 72 crosses.
Regards,Ignored
DislikedRETRO,
I don't even get any of the pairs you posted. Never heard of TRY. Im in the US. I thought we would have access to everything anyone else does. Maybe not. Im with FXCM, the biggest Forex broker in the USA. I DONT GET IT. Hmmmmm...........Ignored
DislikedThat is a demo siltat, it is forex.com in UK.. I have micro with fxcm too and they give me those exotic pairs. Im in US too. Maybe the standar account doesn't have it. The brokers in US offer less assets than those in UK.
Off topic: S&P 500 continue its down rally.Ignored
DislikedRetro, this s&p chart is very interesting and has been making me think if the real money and of course diversification is not with playing the US markets and maybe gold with this system. This way when forex volume dries up one month, we'd have 2 other markets to use and im sure it works just as well on others, especially gold, yes?
I also am noticing that using this system on the 4hr chart doenst seem to give me a greater profit rhan 1hr. Just a greater risk. That would be impossible. Yet, you seem to only play the 1 hr. Am I answering my own question?...Ignored
DislikedRetro, this s&p chart is very interesting and has been making me think if the real money and of course diversification is not with playing the US markets and maybe gold with this system. This way when forex volume dries up one month, we'd have 2 other markets to use and im sure it works just as well on others, especially gold, yes?
I also am noticing that using this system on the 4hr chart doenst seem to give me a greater profit rhan 1hr. Just a greater risk. That would be impossible. Yet, you seem to only play the 1 hr. Am I answering my own question?...Ignored
DislikedRetro, this s&p chart is very interesting and has been making me think if the real money and of course diversification is not with playing the US markets and maybe gold with this system. This way when forex volume dries up one month, we'd have 2 other markets to use and im sure it works just as well on others, especially gold, yes?
I also am noticing that using this system on the 4hr chart doenst seem to give me a greater profit rhan 1hr. Just a greater risk. That would be impossible. Yet, you seem to only play the 1 hr. Am I answering my own question?...Ignored