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Attachments: 100EMA & 200EMA Pullback System using MTFA
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100EMA & 200EMA Pullback System using MTFA

  • #21
  • Jan 16, 2013 11:13pm Jan 16, 2013 11:13pm
Looks like JPY is still strengthening in the afternoon but I'm confident that it is just a near term bearish correction. I would continue to hold long trades as long as my SL is not hit. Let's see what will happen by tonight.

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Opening several positions on 2 highly correlated JPY pairs can be very profitable and yet risky.
  • #22
  • Jan 17, 2013 12:28am Jan 17, 2013 12:28am
Quoting amikaking
Dear patguay, I observed that my trade of NZD/JPY which closed outside range of both EMAs has a tendency of moving back into its uptrend momentum. I have also noticed that if we trade after price has closed outside the range of both EMAs we have a good chance to enter the market earlier. It is similar like extremely oversold or extremely overbought in the RSI once price goes beyond the range. This entry strategy should work as long as the trend is very strong across all TFs. Remember price always tend to respect the energy point of the higher time...
I would not re-enter again so soon if my first trade get stop out. Otherwise, I am chasing after the price not the trend. It seems like NZDJPY is stuck in the sideway trend as shown in the picture below. The PA need to breakout from the resistance of 74.75 before we can assess whether it has further momemtum to continue the uptrend. As mentioned earlier, I will only enter long if PA has reached beyond the previous high of 75.50.

So far all the JPY pairs has not undergone any major correction. I am wary of the potential prolonged sideway trend especially after the JPY pairs has climbed so high up for the past 2 months. So I will wait patiently for the PA to reach 75.50 before doing anything. I may be late to catch the next uptrend, but this approach at least prevent me from entering and getting stop out often if the market undergoes prolonged sideway trend.
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  • #23
  • Jan 17, 2013 12:48am Jan 17, 2013 12:48am
Quoting patguay
I would not re-enter again so soon if my first trade get stop out. Otherwise, I am chasing after the price not the trend. It seems like NZDJPY is stuck in the sideway trend as shown in the picture below. The PA need to breakout from the resistance of 74.75 before we can assess whether it has further momemtum to continue the uptrend. As mentioned earlier, I will only enter long if PA has reached beyond the previous high of 75.50.

So far all the JPY pairs has not undergone any major correction. I am wary of the potential prolonged sideway trend...
Instead of closing the trade manually once price closed below the 200EMA (on the H1 chart), you should open a second trade as long as your SL (based on the D1's ATR) is not triggered. This way you could enter the market earlier after a heavy retracement rather than being stopped out (by yourself manually) frequently. If you measure the retracement using Fibonacci, you would notice that using 100EMA and 200EMA actually did almost the same thing.

When H4, D1 and W1 are showing uptrend but H1 is showing a counter-trend, I consider this as the best timing to enter the market. So far this refined method works a lot better than my previous HA strategy. I have already changed the new entry rules on my first post so I hope you can understand my idea. Good luck!
  • #24
  • Edited 8:16am Jan 17, 2013 5:31am | Edited 8:16am
As expected, target hit (USD/JPY).

I'm experimenting with different value of EMAs namely 200, 300 and 400 and hopefully I will release this system soon if my demo is a success.

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  • #25
  • Jan 17, 2013 6:48am Jan 17, 2013 6:48am
Quoting amikaking
Everyone has different TP approaches. You can either use a 1:1 or 1:2 risk to reward ratio that you mentioned which is 60-120 pips as calculated from your entry, or you can set your TP at the nearest S/R level. I'm currently using the Murray Math Line indicator (with default period setting at 1440) to determine the nearest resistance level as TP once I made my entry on the H1 chart.

Here you go if you don't have.
not trying to be rude here. but if you were unable to deal with your last thread and abandoned it after just a short period, then is it fitting for you to open another trading system thread ?

it seems to me you are confused and you havent had much experience in live trading . something is working for you on a demo account and so you decided to jump in and share your master expertise on forex factory even though you havent had consistent success with it on a live account over a longer period.
well, you only need to share trading methods that have profited on a long term basis AND on a live account. otherwise you are just wasting everyones time . honestly.
it is of my opinion you will be abandoning this thread also very soon, when you realise you havent properly thought it through, and that the system is not working after all.

you really need to put a system here that has worked for you on a live account over a long period of time. until such a time, there is no point in misleading people and giving them false hopes.

and anything to do with murray maths - NO NO everyone !
  • #26
  • Edited 8:32am Jan 17, 2013 7:40am | Edited 8:32am
Quoting whatfx
not trying to be rude here. but if you were unable to deal with your last thread and abandoned it after just a short period, then is it fitting for you to open another trading system thread ?

it seems to me you are confused and you havent had much experience in live trading . something is working for you on a demo account and so you decided to jump in and share your master expertise on forex factory even though you havent had consistent success with it on a live account over a longer period.
well, you only need to share trading methods that have...
Everything you said here is right and I understand your point. By the way, I have demo traded my previous strategy for 3 months and this refined strategy shares the exact core MTFA approach and so far it has given me excellent results. If you believe that this system doesn't work for you, it doesn't mean that it won't work for the others. And if you did not trade well using the Murray Math Line before, I can only suggest you to go practice and keep on practicing. Anyway I appreciate your criticism because I know at least there is someone who is not trying this strategy before but has already thinking in such a negative mind.

Why not you share your "perfect system" or "holy grail" to us if you treat everybody's hard work as a nonsense?
  • #27
  • Edited 9:48pm Jan 17, 2013 7:59am | Edited 9:48pm
Quoting whatfx
not trying to be rude here. but if you were unable to deal with your last thread and abandoned it after just a short period, then is it fitting for you to open another trading system thread ?

it seems to me you are confused and you havent had much experience in live trading . something is working for you on a demo account and so you decided to jump in and share your master expertise on forex factory even though you havent had consistent success with it on a live account over a longer period.
well, you only need to share trading methods that have...
Something to add on...

After browsing your member profile it seems that you are a person who is constantly looking for a "holy grail" system for years in FF that never exists with great hope that it will help you to make more "pips" but not real money in the long run. This shows that you only trade the system itself without any money management strategy at all. But very unfortunately, every system you tried here (even if you think they far "better", "advanced" and "no-nonsense" than mine) could win you pips and lose you pips too. A great system or an EA that could always earn you "pips" in forex doesn't mean you are winning over the long run because one fatal lose could have depleted you all your money when you are trading a live account.

If you said that I'm not sharing a profitable system with everyone here, why not you try my system first and show us your result here? Or you just know only to give criticism but take no actions? If so, I advice you to stop trading forex for a while and go learning how to respect yourself first before making comments on other people's work.

P.S. By the way, I'm going to abandon this thread very soon like just what you said because I found a new improvement to the strategy by incorporating MTFA and EMAs together that has grew my live account by 200% since yesterday. And for this time, you will not be given chance to give comment anymore because I'm not going to share my success here in FF with such an arrogant newbie like you
  • #28
  • Jan 18, 2013 6:58am Jan 18, 2013 6:58am
Hi Amikaking

you do not listen to the bad reviews ... Your strategy is very good ... THAT'S THE WAY TO DO pips, with MTF.

GREETINGS.
  • #29
  • Jan 19, 2013 5:12pm Jan 19, 2013 5:12pm
Quoting amikaking
P.S. By the way, I'm going to abandon this thread very soon like just what you said because I found a new improvement to the strategy by incorporating MTFA and EMAs together that has grew my live account by 200% since yesterday. And for this time, you will not be given chance to give comment anymore because I'm not going to share my success here in FF with such an arrogant newbie like you

Hell no, that would be a real pity! I am into mtf analisys too, but still refining my discipline on mm to get consistent and efficient on the time i spend in front of the screen.

Please, keep up the good work, you can ban from the thread people that you don't like and keep sharing with others

But hey, it's up to you

Hope for the thread to keep up!

Regards
  • #30
  • Jan 20, 2013 12:38am Jan 20, 2013 12:38am
Hi Amikaking,

Ignore naysayers...keep on with your good work!
  • #31
  • Jan 20, 2013 9:20am Jan 20, 2013 9:20am
Quoting Bobcat2
Hi Amikaking,

Ignore naysayers...keep on with your good work!
I agree with Bobcat2. Please, Don't punish everyone for one person's mistake!

Bye!
If I Change, the whole World changes!
  • #32
  • Jan 20, 2013 10:21am Jan 20, 2013 10:21am
Quoting amikaking
As expected, target hit (USD/JPY).

I'm experimenting with different value of EMAs namely 200, 300 and 400 and hopefully I will release this system soon if my demo is a success.

Attachment
Hi Amikaking - was reviewing your thread on the weekend - very interesting & quite simple. Question re the USD/JPY trade though. The weekly 100 is still below the 200, although starting to turn up nicely. Was this based on the fundamental weakness of the Yen, as it appears to fall outside the rules you set out in the first post? As I reviewed various pairs I'd be tempted to take trades under similar conditions - good movement and solid trend on Daily & H4 but weekly 100 / 200 not crossed yet. Just curious as to your thoughts.
Keep up the good work & ignore the nay sayers.
dmost
  • #33
  • Edited 3:31am Jan 21, 2013 3:21am | Edited 3:31am
Quoting dmostpips
Hi Amikaking - was reviewing your thread on the weekend - very interesting & quite simple. Question re the USD/JPY trade though. The weekly 100 is still below the 200, although starting to turn up nicely. Was this based on the fundamental weakness of the Yen, as it appears to fall outside the rules you set out in the first post? As I reviewed various pairs I'd be tempted to take trades under similar conditions - good movement and solid trend on Daily & H4 but weekly 100 / 200 not crossed yet. Just curious as to your thoughts.
Keep up the good...
I found that you can simply ignore the weekly trend because a combination of H1-H4-D1 is pretty sufficient enough. What you said was correct. It is Yen weakness that drives the price movement, but definitely not the rules I set, because when I'm experimenting this system with other pairs, price can always breached out of the 100EMA and 200EMA before it turns back into our favor. So I suggest you should only take trades when price has closed outside 200EMA on the H1 chart.

I am currently conducting an experiment using 300EMA, 400EMA and 500EMA. I consider 500EMA as an extreme value whenever price touches them or pierces through them. It is similar like using Fibonacci retracement but I found one problem with this system is that you will never know when price will turn back into your favor even when price closed outside the range of 500EMA, unless you can survive the position without letting your SL being hit. Make sure you can handle your loss comfortably.

One tip for you: I ignore whether if 100EMA or 200EMA cross together or not. I only care if the price itself is above or below these 2 EMAs regardless how the EMA crosses each other.
  • #34
  • Aug 12, 2013 8:01am Aug 12, 2013 8:01am
hi i am also using the moving average system i post some screen shots , if u are interested i can share my system and templates , happy trading
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  • #35
  • Mar 25, 2014 11:38am Mar 25, 2014 11:38am
AMIKAKING-You grew you account by 200% in one day. What kind of risk did you take?
  • #36
  • Jun 7, 2015 2:23am Jun 7, 2015 2:23am
been having almost 2 years leaving the FF forum after went for oversea studies without concentrating on forex trading

this system still works fine for me before i discover a more precise entry using VSA (volume spread analysis) recently

i m gonna revive this system back when i make further improvement on the entry tuning

thanks for everyone who has been following me

im gonna post my trade setups soon, stay tuned!
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  • #37
  • Jun 7, 2015 2:37am Jun 7, 2015 2:37am
Start the second half new year of 2015 with my AFX real live account with $1000.

I'm gonna put it to the test and run with the big dogs using this solid system of trading probability game.

NEXT WEEK HERE WE GO
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  • #38
  • Jun 7, 2015 3:59am Jun 7, 2015 3:59am
current setup favors a long position in USDCAD after Friday's US NFP strong payroll report

all the entry criteria is met based on 100&200ema crosses across H1,H4,D1 and W1 TFs

even though the strict rule is slow and lagging by its nature (the 100&200ema cross is very slow to be formed in the Weekly chart, and u might miss the initial breakout first before the cross), but the idea to trade with market harmony (trend) is never a wrong thing especially when u are stacking all the odds to WORK for u, and not AGAINST u.

it is also less stress than watching the intraday flows, ups and downs in the profit/loss window when u know u are trading the system with discipline

the trigger will be using the VSA (together with MTFA), volume surge to initiate new longs on next week trading, i will post my setup and result here for future enhancement

stay tuned guys

H1
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H4
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D1
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W1
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  • #39
  • Jun 7, 2015 5:50am Jun 7, 2015 5:50am
Quoting amikaking
7/6/2015 - I'M BACK GUYS...
Those who knows to trade MAs are more then enough...for others nothing can help...
I will be around...
The Market pays you to be disciplined
  • #40
  • Jun 7, 2015 7:15am Jun 7, 2015 7:15am
two years ago I said that the strategy was good .. use MTF is the way

I have a similar strategy ...

if you want you can use a cross-emas's h1 ... ema 5-50

xamples....
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