I guess/hope Zeus will handle situation in Greece.

10 mio people are threating the world.



   Chikot posted:
   I am still long but in DD on this pair. no signal to close trade.

first, my post was just an example. I would say MACD or other.
just an example
but yes MA cross would work at 1980 s
not for last 2 decades.
at the end total loss(including costs) will be greater then the total profit
coded and tested several times

please consider that at 80 s there were no PC. calculating MA and trading much more difficoult.
you would trade with newspaper s economy pages.



   Chikot posted:
   
   stevewalker posted:
   just an example.

it would be very easy.

I guess in 80s that could work. but not now


   Chikot posted:
   generally ema's cross is only signal to start watching for entries, not signal to enter trade or you mean exactly that 2 ema's cross and you enter?




what do you mean in 80's could work? entering on ema's cross? I think that it is true, entering just on cross won't work. but ema's cross says something.

Chikot

any system can not generate profit with MA cross with any time frame. ( SMA,EMA,LWMA,LSMA .... )
best longs are at lower side of the MA s and best shorts are upper sides of the MA s. but MA cross use opposite.

traders use daily chart becouse they fail on lower time and they move higher, they think that they can make profit with hihger timeframes. unfortunatelly this totally wrong. they just postpone their loosing stake. thats all.
if any trader fail on any time frame, he/she should move a lower one. not a bigger one.
and traders should definetly strat trading with 1 min charts combined with watching tick charts to understand the price actions/patterns.

if a kid can not finish 1st class he/she does not go to 2nd class. should stay at 1st and graduate.

traders think that higher timeframes has low noise.
this is another mistake. tick chart has the lowest noise. when go upper frames you get higher noise. try this, open tick chart and just watch when a news announced. see how easy to trade. see how easy to predict what will be next moves.

but unfortunatelly due to cost it is not possible to trade tick charts. the difference between exit and entry most of the time is higher then the costs ( spread and/or comission )

listen this,
if there would be no cost ( which is not possible ) no system/strategy needed. with '0' spread you can make fortune every day.

all systems/strategis/indicators are to first make profit for costs. when you create a system which has 'profit=costs', and then if you can make it 0.1 pip more profit each trade you make a fortune.

what we all try to do is create a system that first will pay the costs. this sound wierd but correct.

due to cost trader stay at higher timeframes and loose money day by day. they think that thay can make profit with that charts.
the only difference is it takes months instead of days.

conclusion;

if any trader can not trade 1min chart he can retire.
can I do it? partially. trying to making it better.


walker




   Chikot posted:
   Steve, the point of ema's cross is trend change. which means it must be on at least daily chart and it is mostly for trend traders who try to enter trend when the trend starts and ride it to the end to the opposite signal. ema's cross, trader starts looking for entry, he doe snot enter right away.

if he is doing which is possible, he is also using some other functions/desecions.
he can use it as reference. thats poss. referance point needed.
but with EMA cros only, give a try.


you can agree/dısagree thats the truth.
bar is closing becouse time is up. there are bunch if information in it.

higher time frame higher hidden information.




   Chikot posted:
   LOL, man, you tell me I know guy who has been doing 20-100% annually for years just with EMA crosses trading from daily charts. He is not trading cross. He uses it as reference about trend change.
I disagree with you about lower time frame over higher time frame. but let's see.

agree.
saying the same thing.



   Chikot posted:
   Steve, I do not get what you are arguing about? I do not say that taking position on ema's cross is profitable. i just say it can be used and is used to start watching for price action to enter trades. this is the truth. ema's cross gives a signal to start watching for trade but it doe snot mean that trade is taken at all . it is taken if price action conforms. but yes, ema's cross brings structure.