Crosses, bounces and curve fitted indicators

TODAY' S TRADE

I actually missed the signal candle but knowing I could still snatch some 20 pips I proceeded to take a trade with the newly included 64period Bb and the order was accepted but to my surprise it was in SILVER which I had not dreamt of trading for the next 3 months at least so I pulled up the XAGUSD chart to see if I had to kill the trade if my buy order was against the run of play or ride it out if it was with the trend, pleasant suprice the instrument was in an uptrend so I decided to wait it out for the experience.

My stop loss was placed at 17 points and I chose the nearest BRN as my target and hung in, not wanting to commit too much capital in the market I had to stay out of the EURJPY trade.

It was a roller coaster ride.

RESULTS

I was determined to wait it out at least move to BE at a comfortable level but my boss had other plans for me he called me to his office and sent me to a meeting at our client's facility so I had to close the trade being in credit at 7 point. Silver is rewarding I must say.

FEEDBACK PLEASE

Please feel free to post your comments, questions critique and all.

I'll talk more on Multiple time frame analysis and we'll see more real live examples of how easy following the trend is, then we'd talk divergence and much more.

EXCELLENT

I can't think of anyone with a contrary view.

Thanks!

MA's used as Support / Resistance and Price crossing for breakouts is how I trade, good to see I'm not totally alone.

Using M1 only 15sma, 60ema and 150ema currently, faster than normal as the markets are faster.

Something you've not considered which helped mine a lone, market range via a 15SMA Envelope you can in a upward market ie above the MA's get in at the low of the range quite effectively opens up a lot more trades.

Dev varies depending on the pair so :-

EJ 0.05%
GU 0.03%
EU 0.05%
DAX 0.06%^

Check EJ today loads of bounces of the 150 and lower envelope range, sadly all stalling at the top so not worth much.

I see it Turveyd, I'll save it for the rainy day when the market is ranging and scalp some pips out the market but M1's so fast.

Might be able to find Envelope ranges which work on HF's, think of it as a noise take advantage of errr.

THE POSSIBILITY FRONTIER

I'm so in love with the concept of curve fitting especially as a trend trader, earlier on I had gotten into a lot of trouble chasing counter trend moves and chasing news induced spikes but you know the results just plain frustration and a hole in the trading account.

With a sense of responsibility I want to echo what I've heard said and observed personally, "Most things work some of the time, nothing works all of the time".

I'm not going to beat my chest to say this is a "no loss" system I'm glad the first live results I posted were losses as losses are part of this game of probabilities.

The key to success we've heard it said is to find a system you are comfortable with, backtest, forwardtest, and own it; stick with it through the drawdowns and the boom days knowing the success and failure rates.

Over the course of this short thread I've changed direction twice andit's just for the reason of adapting my trading approach to the market, recently I talked of the 64MA/BB and you'd notice I've incorporated it pronto.
This is not to say that the 32MA/BB is redundant or to be discarded on the contrary it is still relevant. I found that both the 64 and the 32 can be used alternately as they give varying results.

Let me explain, the Bollinger Band (BB) is coded with the same code as the moving averages but with envelopes or bands which measure volatility.

Averages are actually calculated using prices (high, low, open, close, etc) of bars, so the average is the sum of the bars divided by the number of bars, while on the other hand since in the market we constantly have price bars per time interval we use moving averages (MA) which takes into cognisanse the most recent bars. For instance a 32 period moving average on the M15 chart at 6.45pm, will give a different value from that of 7.30pm since the lattest bar 32 is used and the previous bar 1 dropped.

Consequently no 2 moving averages on the same chart will give same value hence 32BB and 64BB will differ. This my friends creates an opportunity, we can chose to go with the period that gives the earliest and safe entry, this is what you call eating your cake and having it.

Since price bars do not have equal opening and closing prices, different period moving averages will have differnt values on the same price charts so on the same chart a 32period BB will differ from 64 and since the valuesof the bars in between the periods are dymnamic we have these swings in values and allowances.

I'm compiling recent examples of these variances and will let you be the judge, for me I'd swing between both whichever gives me a better entry.

See for yourselves

32 PERIOD BB Vs 64 PERIOD BB

As price continues to range let me continue posting.

EARLY AND LATE

Here we have 32 lateon the trendentry but early on the counter

MORE OF THE BB BATTLES

I could go on and on but the bottom line is to alternate and go with the early and safe entry

TECHNICAL VERSUS MENTAL

The mental part of trading prevails time and again.
I had moved to break even but since one of the exit criteria is reversal patterns I jumped out to salvage something from the trade but the bears still prevailed.
Some others would prefer a breakeven trade to cutting tha trade short but I justified my leaving the trade with my "system rules"

I will trade better another day!

Hey Turv I've curve-fitted them now waiting for when I will need to scalp

180EMA, 90EMA AND 15PERIOD BB in M1

NO INTERVENTIONS

SIMPLE NEW RULES

ITS EITHER:
SL,
TP', or
BE
Once I've moved to B/E no moving or running out of trades.

WHY AM I NOT TRADING THIS PAIR?


This pair respects the bands and look at that ADR 195.5

UPDATED TEMPLATES

Just updated the templates for thesystem so you can have less load on your CPU and choose whichever time frame you want to view and work from

BE OR TP?


Euro got hit by a statement from Junker they said now it's falling.

I'm getting into the party late, will it bottom at 1.32500?

Let's see

will it turn here?

i'm waiting

no more wishing

gbpjpy results

EURUSD BE