Trading With No Candles, MA crosses only - Page 2
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Thread: Trading With No Candles, MA crosses only

  1. #11
    I'm only thinking...

    On exiting a trade, in order to maximize profits waiting for the 10 to cross back over the 21 seems to provide back a considerable part of pips. I wonder if adding a 5 MA and utilizing a 5/10 cross to depart will improve the win percent. It feels as though it should as it would be moving faster. I'd think using a faster period would benefit, possibly a 5/10 cross on a 15 or 30 min. chart. I will set up this on another trade that's taken and determine how it ends up.

    Additionally, since these trades were sold at major support levels 2 things can occur, price collapses and no money is made or a loss happens. The next issue is price breaks through and then there could be a wonderful pip profit. As Kenny Rogers said from the Gambler, you have ta know when to Hold'em and know when to fold'em.

  2. #12
    I've added a 5 ma to the eur/usd and aud/jpy charts. The eur/usd is your most traded pair and the aud/jpy generally has good volatility and I am going to be looking at price action. I am not going to go into a trade based from the 5 ma but that I will monitor price levels for potential exit egies.

    On the eur/usd I added a Generic MA Crossover EA, a big thank you for. But, I have no clue how to put this, or how to make it function, just an experiment within an experiment if you will. If the EA does not take the transactions, then I will still do them manually.

    Recall, a massive part of Currency Market trading is that the MOMENTUM of a run and that markets overshoot and retrace continually. It's this momentum that subtract or add pips out of the account, such as at news releases. Because of this sound I think ma's are powerful on the higher timeframes.

  3. #13
    at the moment eur/jpy is up 120 pips, gbp/jpy is up 60 pips and aud/jpy is down 20 pips.

    In real life I would probably move some stops to lock in profit in the event of a big reversal spike. But it looks like the reversal cross would be in positive territory I am not putting a halt on. I understand, crazy money direction, but that's not exactly what this experiment is all about.

    Eur/usd is bumping up against 1.2680 serious support and also the bearish cross is becoming nearer. If that support gives way then it looks like a trade there for certain. I get the advice on support levels from another site.

    That is intriguing to observe. It does not require a lot of time and it's forcing me to await a setup rather than watching price action (candles) and believing there may be a trade there.

  4. #14
    The aud/usd 1hr just had a bullish cross, put trade for a single lot at .8975. This pair is nearing the top of it's range, so I'd be surprised if it produced pips.

  5. #15
    Well, I place the generic ma crossover ea on the aud/usd chart and along with selling the bearish cross, in addition, it shut the former buy order (trade no. 5) for a reduction of 77pips

    eur/jpy is up 173 pips
    gbp/jpy is up 100 pips
    aud/jpy is up 25 pips

    not bad so much, 1 loser, 1 recognized winner and 3 unrealized winners

  6. #16
    I got to thinking that though the eur/jpy, gbp/jpy, and aud/jpy transactions were put off the daily time period then I either have to close them out whenever the ma's cross on the 1 hr, or miss out on transactions until the daily crosses back over.

    in the interest of taking more transactions I have put my ceases in the 21 MA on each of the three pairs as I would be closing out if the 10 hit the 21 anyway. Currently the stops are set in 100 pips profit for eur/jpy, 50 pips profit for gbp/jpy and 6 pips to get aud/jpy. These are all the 21 ma levels.

    That is fairly cool, thus far I am up...

    192 pips on eur/jpy,
    140 pips on gbp/jpy,
    60 pips on aud/jpy,
    and 18 pips on aud/usd

    at the same lot each and $10 per pip (approximately) the unrealized profit is $4600, AND it hasn't even been a week yet.

    Nevertheless, thinking of potential exits however, the 5 MA hasn't proved useful nonetheless, unless I use it on the 15 or 30 min. I'll keep watching though.

  7. #17
    only two things can happen immediately, either your transactions go with you or the move against you. These four transactions almost doubled instantly, of course that means a reversal to get new york is more likely.

    Eur/jpy is up 300 pips and that I transferred the stop to get 150 pips
    gbp/jpy is up 300 pips and that I transferred the halt for 115 pips
    aud/jpy is up 150 pips and I transferred the stop for 60 pips
    aud/usd is up 60 pips and I moved the stop to Break

    all stops are set into the 21 MA on the hourly charts.

    The unrealized profit is 9600, man I wish that were real, lol. But we will see what happens on the leaves.

  8. #18
    Eur/usd 10/21 is very close to crossing on the daily timeframe, with the gbp/usd appearing two maybe 3 days supporting it. The aud/usd is starting to point down also. I'll continue seeing these 3 pairs and that I will post as necessary.

  9. #19
    Well, price is moving like crazy this morning and I am keeping the stops tight with all the 21 ma as it moves down. I would think a nice retracement is in the works, but there's not any indiion on the hourly together with all the 5, 10 or 21 ma looking to change. I will be watching carefully to see what happens.

    While it's great to ch a nice break through service, I need to say I was hoping more for a range sort conditions to truly test the ma crossovers.

  10. #20
    The 5 and 10 mas are starting to turn upwards today, so I anticipate all 4 transactions will close sometime this day, and it should start new transactions in the opposite direction.

    Needed a bit of a FFF, two or three days back I noticed my presentation had a fundamental moving average EA included in the MT4 platform. Apparently while I was playing it I attached it to the gbp/usd chart and it required a buy trade at the bottom of the run at 100 lots. Talk about freaking out when I checked on the transactions, but luckily it went right into profit and I shut it out.

    Why I shut it was because it just appeared to require a 12 ma to put a transaction, and because I don't know anything about EAs I didn't realize it was attached to any charts (there weren't any indiions on my charts it was running).

    I have class in an hour so I will not be posting however after 6pm at the earliest.

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