89 sma confirmation | Forex Factory

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Attachments: 89 sma confirmation
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89 sma confirmation

  • #1
  • First Post: Edited Oct 29, 2017 5:06pm May 22, 2017 6:53am | Edited Oct 29, 2017 5:06pm
xxx
As with any system or strategy, it is not 100%
  • #2
  • May 22, 2017 8:02am May 22, 2017 8:02am
I'm curious, why the 89 period and why the SMA as opposed to a different number or type of MA? I know 89 is in the Fibonacci sequence does that have something to do with it? If so what?
Thanks
  • #3
  • May 22, 2017 10:30am May 22, 2017 10:30am
Thanks for posting.

I would like some clarification please.

Part 1
Buy set up:
"Find 2 candles tha closed below its open followed by 2 bars that closed above its open"
Would you explain what "It's" is in reference too?
• Would this be "2 bars closing Below 89sma"?
or
• Would this be "2 bars closing Below Each Bars Open"?

Same questions for the 2nd part. I'm going to assume you are referring to "2 bars that Closed above it's (each bars) open." Honestly I can't determine which it is. If you would highlight each bar you are referring to, that would clear the matter up, at least for my little pea brain.

++++++++++++++++++++
Part 3 Stop loss.
To exit place your stop ,loss 2 spread valued below the last swing low.
Not sure what this means either. What is "2 spread value" based on? To me spread refers to cost per trade. EU 2pips, etc. I doubt you're talking about trading daily charts with a 4pip stop loss.

If these questions seem silly to you, simply ignore, and I will understand.
Thanks,
Darryl
  • #4
  • May 23, 2017 9:44am May 23, 2017 9:44am
It is ok to use your own ideas or point of view to enter at a better point or with new ideas.
EURJPY is overbought .
I see the last rally maturing, which
suggests that further upside should be limited.
Look for a new sell set up.
Attached Image (click to enlarge)
Click to Enlarge Name: 6.png Size: 40 KB
As with any system or strategy, it is not 100%
  • #5
  • Edited 8:56am May 31, 2017 8:32am | Edited 8:56am
GMT+3
Commodities Trading Hours (server time)
Cocoa 11:45-20:30
Coffee 11:15-20:30
Cotton 09:00-21:15
Orange Juice 15:00-21:00
Sugar 10:30-20:00
================
Cocoa 11:45-20:30 - GMT+3
so that would be 4am-1:30pm NY time
As with any system or strategy, it is not 100%
  • #6
  • Jun 9, 2017 7:00am Jun 9, 2017 7:00am
Quoting itLWs
I'm curious, why the 89 period and why the SMA as opposed to a different number or type of MA? I know 89 is in the Fibonacci sequence does that have something to do with it? If so what? Thanks
There is no explanation for the selection of the 89 SMA.
As with any system or strategy, it is not 100%
  • #7
  • Edited Aug 30, 2017 5:24am Aug 29, 2017 11:54pm | Edited Aug 30, 2017 5:24am
Entering before confirmation is working so far
As with any system or strategy, it is not 100%
  • #8
  • Edited 5:24am Aug 30, 2017 1:26am | Edited 5:24am
Plus 100% profits in this move.
As with any system or strategy, it is not 100%
  • #9
  • Aug 30, 2017 5:23am Aug 30, 2017 5:23am
REENTEREDSHORT
Attached Image (click to enlarge)
Click to Enlarge Name: 30.png Size: 33 KB
As with any system or strategy, it is not 100%
  • #10
  • Aug 30, 2017 5:51am Aug 30, 2017 5:51am
Quoting alicia19
How long does it take to become a top trader?

It varies a lot.

The consensus of opinion among most people posting in a trading forum is going to be very different from that among most successful traders, who will give much longer average answers.

I'd say the necessary process of acquiring skills to trade profitably is about equivalent to taking a college degree, so maybe 3 years full-time, or 5-6 years part-time, would be about the fastest. The success rate among people trying to do it more quickly than that will be pretty much non-existent.

In my opinion, these are probably the main 7 things it depends on:-

1. How good people are at learning new things

2. Whether they have any instinctive understanding of probability and statistics to start with

3. How educable they are in the broadest sense

4. How much time, effort and energy they can apply to the learning processes involved

5. Where they source their material from

6. How much patience and discipline they have

7. Whether their expectations were reasonable to start with
  • #11
  • Aug 30, 2017 7:14am Aug 30, 2017 7:14am
Quoting KarlKraus
1. How good people are at learning new things
2. Whether they have any instinctive understanding of probability and statistics to start with
3. How educable they are in the broadest sense
4. ... ... ... ...

Your list of 7 key factors above is outstanding, and I agree with your perceptive estimates of the time-period, too.

But - for clarity - how are you distinguishing between factors 1 and 3 on your list above?
  • #12
  • Aug 30, 2017 7:24am Aug 30, 2017 7:24am
I like this simple system and it can be coded too

let's give it a try
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #13
  • Aug 30, 2017 7:27am Aug 30, 2017 7:27am
Quoting alicia19
I been trading for 8 weeks. How long does it take to become a top trader? {image}
YEARS UNLESS HE IS COMMERCIAL TRADER OR MILLIONAIRE OR SIMPLY GENIUS
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #14
  • Aug 30, 2017 7:43am Aug 30, 2017 7:43am
Quoting alicia19
REENTEREDSHORT {image}
alicia you said "When to enter:
Buy stop above the first bar that closes above the 89 SMA."

Why did you sell before the 89SMA?
  • #15
  • Aug 30, 2017 7:57am Aug 30, 2017 7:57am
Quoting alicia19
I been trading for 8 weeks. How long does it take to become a top trader? . {image}
Hi alicia.
From that moment you can live and survive from demo pippin, from that moment you are a top trader.

Stay green
Guido
Risiko birgt immer auch die Chance.
  • #16
  • Aug 30, 2017 8:27am Aug 30, 2017 8:27am
Quoting alicia19
It is ok to use your own ideas or point of view to enter at a better point or with new ideas. EURJPY is overbought . I see the last rally maturing, which suggests that further upside should be limited. Look for a new sell set up. {image}
Best to you with the thread.
Very close to Quad Candle System
We err, and err, and err again, but less.
  • #17
  • Aug 30, 2017 9:19am Aug 30, 2017 9:19am
Quoting alicia19
I been trading for 8 weeks. How long does it take to become a top trader? I mastered this reversal system in 1 hour .i copied for other trader but im trading it my way.
Considering you've "mastered"a "method"/"system" is not always a good thought, at some point the Market may give you a lesson.

On the other hand, becoming a "Top Trader" is not an easy process, I think there's an average from 3-5 years to gain enough knowledge about FX trading.

And even with that, you will still be making mistakes and learning every day.

Good Luck.

RF
  • #18
  • Aug 30, 2017 9:50am Aug 30, 2017 9:50am
Quoting Quickly
Your list of 7 key factors above is outstanding, and I agree with your perceptive estimates of the time-period, too.

But - for clarity - how are you distinguishing between factors 1 and 3 on your list above?

Thanks, Q.

Sorry, I was in a hurry and thinking aloud, when I typed my little list. Probably those 7 factors overlap, a bit. I was thinking of how well equipped people are to self-educate, by being able to judge who's worth listening to and what's genuinely information rather than widespread misinformation (on the one hand), and how well motivated and able people are actually to "learn new material" (on the other).
  • #19
  • Aug 30, 2017 4:31pm Aug 30, 2017 4:31pm
Quoting KarlKraus
I was thinking of how well equipped people are to self-educate, by being able to judge who's worth listening to and what's genuinely information rather than widespread misinformation (on the one hand), and how well motivated and able people are actually to "learn new material" (on the other).

I see exactly what you mean - thanks for clarifying. Great post, above.
  • #20
  • Aug 31, 2017 12:41pm Aug 31, 2017 12:41pm
Quoting mario777
{quote} alicia you said "When to enter: Buy stop above the first bar that closes above the 89 SMA." Why did you sell before the 89SMA?
thanks you all.
the reason is that we are still practincing in demo account.trying to find the best way to enter lol.
"It is ok to use your own ideas or point of view to enter at a better point or with new ideas'
As with any system or strategy, it is not 100%
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