MY TRADING JOURNAL - EMA/MA/TL's

[uptick]

Hi everyone,

I'm testing a new strategy based on daily charts. Using 5 EMA, 50 MA, and Trend Lines.

I'll be testing the strategy and placing trades based on 5EMA and 50MA crosses as well as placing trades using TL's and 50MA.

My profit targets and stops will be placed based on support and resistance, 50MA, and if none are in sight then high/low of previous candle.

I'll be posting my results here as of May 1st.




"Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts."


"Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results."

[mytwopips]

I look forward to following as I already follow your other journal. Thanks Uptick.

[uptick]

Originally Posted by mytwopips

I look forward to following as I already follow your other journal. Thanks Uptick.

Great. Thanks.

My signals will come at 5pm. So i'll start posting them here.

Again, I will only be testing this on a demo account. If things really look good, then i'll start trading it for real in June or so.

I played around yesterday and shorted GBPJPY at 207.66 as it hit resistance. So far so good.

uptick

[Piphacker]

Originally Posted by uptick

Hi everyone,

I'm testing a new strategy based on daily charts. Using 5 EMA, 50 MA, and Trend Lines.

I'll be testing the strategy and placing trades based on 5EMA and 50MA crosses as well as placing trades using TL's and 50MA.

My profit targets and stops will be placed based on support and resistance, 50MA, and if none are in sight then high/low of previous candle.

I'll be posting my results here as of May 1st.

Hi UpTick,
When i first read about your strategy than it was 10 EMA also there but now seems you have removed it from your strategy...?
Trendlines are the extreme good addition in your strategy...Seem's your entry is based on 5 & 50 EMA Crossing with breakout in right place...
Best of Luck...
PipHacker!!!

[uptick]

Originally Posted by Piphacker

Hi UpTick,
When i first read about your strategy than it was 10 EMA also there but now seems you have removed it from your strategy...?
Trendlines are the extreme good addition in your strategy...Seem's your entry is based on 5 & 50 EMA Crossing with breakout in right place...
Best of Luck...
PipHacker!!!

hey piphacker!

no.. i never used the 10 EMA. my other strat (other journal) just uses range filters, stochs, trendlines, 50day MA, and pivot points. i use them for entry and exits. its traded on a shorter time frame... 5min, 15min, and 30mins.

this new strategy im testing is strictly using 5ema, 50day ma, stochs and trendlines. i'm using daily charts. testing out a longer term trading strategy.

thanks.
uptick

[Piphacker]

Originally Posted by uptick

hey piphacker!

no.. i never used the 10 EMA. my other strat (other journal) just uses range filters, stochs, trendlines, 50day MA, and pivot points. i use them for entry and exits. its traded on a shorter time frame... 5min, 15min, and 30mins.

this new strategy im testing is strictly using 5ema, 50day ma, stochs and trendlines. i'm using daily charts. testing out a longer term trading strategy.

thanks.
uptick

Hammm In Higher timeframes you have to increase your SL Also..Like -50/-100 Pip's I guess ...Specially In a Pip's like Jpy's related... My entry is based on Lower timeframes like hourly or 30-Minutes but i like to figure out the trend from 4-Hour's to daily chart's...
PipHacker!!!

[uptick]

Originally Posted by Piphacker

Hammm In Higher timeframes you have to increase your SL Also..Like -50/-100 Pip's I guess ...Specially In a Pip's like Jpy's related... My entry is based on Lower timeframes like hourly or 30-Minutes but i like to figure out the trend from 4-Hour's to daily chart's...
PipHacker!!!

oh yea for sure. im thinking 3 levels.. scale out at 100 pips, 200 pips, and let the last 1/3 run.

[uptick]

looks like i'll be shorting EURUSD when the 5ema crosses below the 50day ma. almost there. if i don't get the signal today, i'll most likely get it tomorrow (unless eur bounces back up).

scanning other pairs, but signals already had been generated before todays start.

[uptick]

500pm signal...

Short EURUSD at 1.5473
Target 1 at 1.5373
Target 2 at 1.5273
Target 3 at 1.5173 (or whenever technicals indicate a reversal)
Stop at 1.5625

Ok. got signal... going short on daily charts. 5ema crossed below 50day ma.


Trade P/L: n/a
MTD: n/a

DO NOT TRADE OFF THESE SIGNALS. I AM ONLY TRADING THIS STRATEGY IN A DEMO ACCOUNT.

[Please don't trade off of the inputs I enter here (as they will be old news by the time i post it). At some point I will setup a desktop sharing program for those interested in following it live]

"Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results."

[uptick]

Short EURUSD at 1.5473

Target 1 hit at 1.5373 (+100 pips)
Target 2 at 1.5273 (+0)
Target 3 at 1.5173 (+0)
Stop moved to B/E at 1.5473

Hit my stop this morning at 1.5473 on remaining 2/3 of my position.
+100 on 1 lot
+0 on 1 lot
+0 on 1 lot

= 33 pips


Trade P/L: 100/3 = +33
MTD: +33


DO NOT TRADE OFF THESE SIGNALS. I AM ONLY TRADING THIS STRATEGY IN A DEMO ACCOUNT.

[Please don't trade off of the inputs I enter here (as they will be old news by the time i post it). At some point I will setup a desktop sharing program for those interested in following it live]

"Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results."