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A "new" simple system based on MA

  • #941
  • Jan 16, 2013 9:06am Jan 16, 2013 9:06am
You are welcome ! I wish you the same ! And do not forget that psychology is the key in trading. So master the system, be confident in it, don't ask you too much question, and just do it ! With some practice you will certainly be a successful trader.

Quoting WDays
Hello and thanks again. Thank you so much for all of your help, I feel ready for the new trading week now. I use candle patterns but not enough as it would seem, I will focus more on looking at the candles around S/R zones from now on, thank you for all of the advice! I wish you a very successful trading!
  • #942
  • Jan 24, 2013 3:57pm Jan 24, 2013 3:57pm
Hello,

I've been meaning to ask you when exactly do you trade? Well, when did you use to trade before switching to a higher TF? Personally I'm in front of my charts, monitoring 4 pairs a little before london open, but I mostly trade when NY opens as well. Trends occur mostly a little before and after different markets open and also when there are news. I know you said you didn't trade during news (such as Draghi speeches and such) but do you trade when there's, let's data coming up (CPI, jobless claims...) ?
  • #943
  • Jan 27, 2013 8:13am Jan 27, 2013 8:13am
Hello,

I trade almost during the london session which includes Londo/NY overlap, bcause I live in Paris. But you can trade the session you want to as long as you trade on pairs which are traded during thi session. Concerning the news, I consider that it is not trading but gambling. Before the news, you can enter the markets but please exit before the news. Nevertheless, when the market is waitng for a big news such as NFP for example, we are almost 70/80% of the time in a ranging market : the operators are waiting for the news to enter the market so there is no trend.

Quoting WDays
Hello,

I've been meaning to ask you when exactly do you trade? Well, when did you use to trade before switching to a higher TF? Personally I'm in front of my charts, monitoring 4 pairs a little before london open, but I mostly trade when NY opens as well. Trends occur mostly a little before and after different markets open and also when there are news. I know you said you didn't trade during news (such as Draghi speeches and such) but do you trade when there's, let's data coming up (CPI, jobless claims...) ?
  • #944
  • Edited 4:56am Jan 29, 2013 4:14am | Edited 4:56am
Hi, it's seems a great system, thank You very much!

I started trade this method, but i'm a little bit uncertain, my entries are often early. I put here some chart, please comment it: ( 2 on M5, and 2 on M15 TF, AUDUSD buy)

I buy it on every candes how can i recognize the end of the pullback better?
Attached Images
  • #945
  • Jan 29, 2013 5:35am Jan 29, 2013 5:35am
Well alright, I think I finally understand the system almost fully (still on a demo), here's a trade I just took but got stopped out.

I shorted below S1, when price touched the 30 EMA, MAs were spreading (particularly the LT group meaning trend still has strength) and sto were OB, DMI seemed alright... I was kind of worried about m5 though, as sto were in the os zone but the rest seemed okay to me. It wasn't a perfect setup but I attempted it since I'm on a demo anyways

I really enjoy the system I've studied a lot about guppy's MMA, I think I finally got the hang of it. I've also read your thread, your rules and most of your posts thoroughly. I realize I should wait for the perfect setup for now, but these last few days market seems kind of choppy to me and at the same time I want to try out what I've learned
Attached Image (click to enlarge)
Click to Enlarge Name: entry.jpg Size: 329 KB
  • #946
  • Jan 29, 2013 5:49am Jan 29, 2013 5:49am
Quoting bowforex
Hi, it's seems a great system, thank You very much!

I started trade this method, but i'm a little bit uncertain, my entries are often early. I put here some chart, please comment it: ( 2 on M5, and 2 on M15 TF, AUDUSD buy)

I buy it on every candes how can i recognize the end of the pullback better?
If I may try to answer,

normally you have to confirm with stochastics and dmi. Also the price bounces off a S/R (so pivots or EMA). If everything lines up, for a long entry: your LT group is spread and pointing up, you have to wait for the pullback. Pullbacks usually bounce off your ST EMAs (EMA 12 most times), but you need to confirm with an oversold stochastic (below 50), and with DI+ and DI- moving close together but not crossing. Also need to confirm with a higher TF, for instance if you have all those conditions on m1 but an overbought stochastic and DMI thats about to cross negative on m5, you're not clear to enter.

p.s: I'm still new to the system so I'm mostly answering you to check if I've got things right
  • #947
  • Jan 29, 2013 8:19am Jan 29, 2013 8:19am
Thank You! I'll check then the higher timeframe's.
i found ananother entry on EURCHF M15 (i checked the higher TFs), but i missed it 10 minutes, i'm working.



Quoting WDays
If I may try to answer,

normally you have to confirm with stochastics and dmi. Also the price bounces off a S/R (so pivots or EMA). If everything lines up, for a long entry: your LT group is spread and pointing up, you have to wait for the pullback. Pullbacks usually bounce off your ST EMAs (EMA 12 most times), but you need to confirm with an oversold stochastic (below 50), and with DI+ and DI- moving close together but not crossing. Also need to confirm with a higher TF, for instance if you have all those conditions on m1 but an...
Attached Image
  • #948
  • Jan 29, 2013 9:43am Jan 29, 2013 9:43am
I stoped out on EURCHF (-9 Pips), but win on AUDUSD (+13).

This is a joyful and exciting method, and i believe, if i mastered it, then the method will grow up my account to the heaven!
  • #949
  • Jan 30, 2013 3:50am Jan 30, 2013 3:50am
Took this entry as there was a good trend on m5 and exited 12 pips higher, but I should've held onto it I will try to work on my exits next..
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 111 KB
  • #950
  • Jan 30, 2013 4:16am Jan 30, 2013 4:16am
Morning EURUSD setup!
Attached Images
  • #951
  • Jan 30, 2013 8:00am Jan 30, 2013 8:00am
Quoting bowforex
I stoped out on EURCHF (-9 Pips), but win on AUDUSD (+13).

This is a joyful and exciting method, and i believe, if i mastered it, then the method will grow up my account to the heaven!
Can this method be programmed on a robot? I believe we would be pleased to pay something for it
  • #952
  • Jan 30, 2013 8:34am Jan 30, 2013 8:34am
Hello,

Looking at your pics, you made a mistake. Why ? Because you have to check the "long term" trend to select the best trades. I mean if you want to enter in the market using the 1 TF, you wait for a pullback on 5mn and you use the 1mn TF to improve the timing. You entered the market forgetting the 5 mn TF....and the 15mn (no pics). Waiting for the pullback on 5 mn TF in the LT EMAs would have been good because you have the LT EMAs as resistances on 5mn TF, 200EMA on 1 mn TF so you can try to short with a tight SL. But you took your trade based only on the 1mn TF. That would have been ok if you look only at the 1mn TF....but this is the mistake ! Look at the last Pullbacks. The first was above the LT EMAs on 5mn (just on the Round number....) and then the 2nd one was a little bit deep in the ST EMAs. That means it is not a strong trend. What is good on your trade is your SL and this is very important. It was a very dangerous trade that I would not have taken. But practice the system and you will be ok.

Quoting WDays
Well alright, I think I finally understand the system almost fully (still on a demo), here's a trade I just took but got stopped out.

I shorted below S1, when price touched the 30 EMA, MAs were spreading (particularly the LT group meaning trend still has strength) and sto were OB, DMI seemed alright... I was kind of worried about m5 though, as sto were in the os zone but the rest seemed okay to me. It wasn't a perfect setup but I attempted it since I'm on a demo anyways

I really enjoy the system I've studied a lot about guppy's MMA, I...
  • #953
  • Jan 30, 2013 8:54am Jan 30, 2013 8:54am
Wdays is right !

Select the best setup. And what is a perfect setup ? The higher TF gives you the trend. Example the 15mn TF give you a trend. Then you look at the 5mn TF for a good pulback, and you enter the market based on your 1mn TF.

If all conditions are met : that's ok ! The probabilities are on your side, you can enter with a tight SL and with a good size of lots. At the end of the day you will see that your bottom line is good

Quoting bowforex
Thank You! I'll check then the higher timeframe's.
i found ananother entry on EURCHF M15 (i checked the higher TFs), but i missed it 10 minutes, i'm working.
  • #954
  • Jan 30, 2013 8:56am Jan 30, 2013 8:56am
Hey that's what I hope for you....but do not be led by your emotions !!! It is very dangerous in trading !!! Be focused on the application of the method and the performance will be only the result of the application of the method.

Quoting bowforex
I stoped out on EURCHF (-9 Pips), but win on AUDUSD (+13).

This is a joyful and exciting method, and i believe, if i mastered it, then the method will grow up my account to the heaven!
  • #955
  • Jan 30, 2013 9:05am Jan 30, 2013 9:05am
Your timing was perfect ! But I told the followers to have a good money management. And you are suposed to let your profits run if the market is really impulsive. For example, you can exit half of your position on the first resistance, exit 25% on the second, and let the other 25% to get the mx of pips. But to master the system, firstable work on the market analysis, then work on timing, and finish by the exit.

Quoting WDays
Took this entry as there was a good trend on m5 and exited 12 pips higher, but I should've held onto it I will try to work on my exits next..
  • #956
  • Jan 30, 2013 9:06am Jan 30, 2013 9:06am
That was a perfect market ! Nice system in these conditions because we have a strong trend.

Quoting bowforex
Morning EURUSD setup!
  • #957
  • Jan 30, 2013 9:27am Jan 30, 2013 9:27am
If you want to try to programm a robot that's ok. But I clearly don't want to sell it !!! My knowledge is free : my most income is from trading !!! And it is clearly stupid to buy a robot hoping to be rich in 4 months without any work....You have to understand the system spirit, to practice it, and to be really disciplined. So to become a positive trader, you have to work a lot and to practice...and you wont be a positive trade just buying a robot ! And that's why I do not sell anything like this.

My project is to set up a trading school....maybe in 1 or 2 years. It is interesting because you can ask you questions in live, I can have an audio room to analyze the markets in live with the students etc...it is more adapted to trade on intraday basis than a forum. But I will never never sell a robot.

Quoting Jonnathanrc
Can this method be programmed on a robot? I believe we would be pleased to pay something for it
  • #958
  • Jan 30, 2013 10:17am Jan 30, 2013 10:17am
Hi. Just a chart to give you more explanation about the system. My analysis is simple : we are on a clear up trend on the 1h TF (ST EMAs above LT EMAs ; Price above the EMAs ; Price above the PP ; DMI+>DMI-). So I look at the 15mn TF to get a PB. Then I enter based on the 5mn TF.
Attached Image (click to enlarge)
Click to Enlarge Name: CHART 30012013.jpg Size: 228 KB
  • #959
  • Jan 30, 2013 11:01am Jan 30, 2013 11:01am
Quoting hmaoui
Your timing was perfect ! But I told the followers to have a good money management. And you are suposed to let your profits run if the market is really impulsive. For example, you can exit half of your position on the first resistance, exit 25% on the second, and let the other 25% to get the mx of pips. But to master the system, firstable work on the market analysis, then work on timing, and finish by the exit.
well I use a 5 pip SL (+2 spread) and a 12-15-20 pip TP depending on how I feel the trend would be. I'm working on getting the most perfect entries first, and then I'll definitely work on my exit. So far I'm thinking of setting a big TP and just trail my SL to lock in profits while exiting as soon as DMI crosses (like you've said in previous posts).

What I'm actually having trouble with still is the mtf confirmation... I see the market trending neatly on m1, I see numerous pullbacks on the m1 chart which are just deep enough for me to get in at a good price. I check my m5 each time price touches a support (EMAs/pivots) for where stochastics are: for instance if I find a long entry on m1, I check m5 to see if the stochastics are below or above 50... if they're below and crossing up then I enter, if not I just stay flat until they do. I also check where price is in relation to my EMAs and ofc the DMI, but that's when there's a big trend on m5...

But sometimes there is a very clear entry on m1, which is not confirmed by the structure of the PA on m5. And by that I mean small 20 pips moves on m1 which happen to be part of a range on m5. Can't we still enter on those if the EMAs/sto/dmi align perfectly on m1, but on m5 only the sto gives away a clear permission to enter?

I also have some questions, regarding the EMAs in particular. While reading the thread I saw a lot of people were using them differently, some only had the 12;30;60, others had the complete GMMAs. Now I think I read everything i could find about GMMA and to my understanding, what's important is that the LT group (30-60) is pointing in the direction of the trend and spreading neatly, which confirms the stability of the trend. You can see that by just using EMA30 and EMA60... would there be any purpose, which I'm missing out on by not using the other ones (35,40,45,50)? As for the ST group, it seems to me that when trading the smaller tfs (m1 and m5 in particular), all you need is the EMA12, where price bounces off of most commonly, am I right in assuming that the rest are not of much use?
  • #960
  • Jan 30, 2013 1:34pm Jan 30, 2013 1:34pm
Quoting Jonnathanrc
Can this method be programmed on a robot? I believe we would be pleased to pay something for it
Hi Jonnathanrc,

i think, this trading system can be programmed just partially; it have some other factor, what is hard to implement. (experience, a number of different factors). I'm programmer, but i can't program all of these factors - so the EA would work well only in special cases of the market...

BUT, on the first part of this thread was uploaded an EA based on this system by magft, you can download and check it.
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