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  1. #1
    Junior Member

    fast moving averages !!!

    trying the fast MAs
    fast moving averages
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  2. #2
    Junior Member
    ok, so what i did was that i drew Fib lines on the daily chart to get the longterm trend and then drew another fibo on the 15min chart (teh one i was trading) and then i used the fast MAx 10,25,50 and i waited for the signal when it came i confirmed the trend by the ADX above 25 and i traded a put accordingly, i was in the trade at the begining but then got out of the trade in the middle and in the last 30sec the price decided to go in my direction. i might have won this trade but i feel it was PURELUCK however i used a strategy and few indicators?

    what are your thoughts guys?

    thanks

  3. #3
    Specialist Member marc's Avatar
    Quote Originally Posted by akrambr View Post
    ok, so what i did was that i drew Fib lines on the daily chart to get the longterm trend and then drew another fibo on the 15min chart (teh one i was trading) and then i used the fast MAx 10,25,50 and i waited for the signal when it came i confirmed the trend by the ADX above 25 and i traded a put accordingly, i was in the trade at the begining but then got out of the trade in the middle and in the last 30sec the price decided to go in my direction. i might have won this trade but i feel it was PURELUCK however i used a strategy and few indicators?

    what are your thoughts guys?

    thanks
    I think preparing the charts like you did, is a must ... and using the fibs is a good idea ... but you could even start on a higher timeframe like a monthly chart and draw support/resistance lines (just put a zigzag indicator on it and draw SR lines at the spikes) and draw main trendlines ... then work your way down to weekly and daily chart ... maybe even H4 ... obviously use different colors for all the lines ... additionally you can mark 'psychological levels' like round numbers e.g. 1.37000 and so on ...

    You will have a lot of lines on the chart, but much of the price action becomes more transparent this way ...

    And speaking of luck: everytime one of my trades was in the money just a few pips I was thinking like "OMG, OMG, that was close, I have to change my strategy!" ... however, sometimes I lose a trade for just a few pips despite getting the direction right ...

    PS: It's a good start, but your strategy seems too simple for my taste ... but I have a completely different way to trade and I am sure that other members can give you better input here

  4. #4
    Junior Member
    thank you marc, you have been more helpful than you think....

    do you care to share your different way of trading? i am still "fishing" for my trading style

    thank you

  5. #5
    Specialist Member marc's Avatar
    I am still refining my strategy, too ... I try to see/predict price action on 15/5M charts and trade mostly 15/30 minutes ...

    I prepare my charts like described above and I use a GMMA (Guppy Moving Average ... you can google that system)
    It consists of two bundles of EMAs (short: 3/5/8/10/12/15; long: 30/35/40/45/50/60) ... actually it's not used for short term trading, but I think, it gives quite a clear picture what the market is doing

    Additionally I use a value chart (setting: 9) to see how OB/OS is the market

  6. #6
    Active Member rockettrader's Avatar
    Quote Originally Posted by akrambr View Post
    ok, so what i did was that i drew Fib lines on the daily chart to get the longterm trend and then drew another fibo on the 15min chart (teh one i was trading) and then i used the fast MAx 10,25,50 and i waited for the signal when it came i confirmed the trend by the ADX above 25 and i traded a put accordingly, i was in the trade at the begining but then got out of the trade in the middle and in the last 30sec the price decided to go in my direction. i might have won this trade but i feel it was PURELUCK however i used a strategy and few indicators?

    what are your thoughts guys?

    thanks
    Hi akrambr,

    Your strategy looks pretty good. Of course you couldn’t evaluate its performance based only on one single trade, but you could collect data from more trades and than to decide if it needs some parameters change or some additional filter to be placed. Me too, I like trade mostly simple trend following techniques based on moving averages and some additional filters like ADX, ATR, Stochastic or RSI. Everything have to be double checked before placed on real account so be very cautious when trading new strategies!

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