IMO the purpose of the original argument was that most traders do not know the science behind their indicators. This is like asking an engineer whether or not he/she knows how to derive the formula for the area of a circle on the fly -- ...

Price action is dumb, and you're lazy for thinking otherwise

Knowing that the market goes up and down is the easy part. You can look at a chart in hindsight and instantly see how the market moves up and down. What takes years to master is figuring out why a market STOPS going up and why a market STOPS going ...

Why exactly do EMA crossover systems not work?

I am a big fan of price action, support/resistance. I could care less about H&S patterns. However,I was reading an article where a trader was describing a H&S play.....when I looked at the chart, I realized that it was a pattern I liked a lot, but I ...

Price action is dumb, and you're lazy for thinking otherwise

I use fib retracements all the time. I just entered on a 38.2% retracement just last night. Did it hit the retracement perfectly? No it did not. It fell short by about 8 pips or so. Had I waited for it to hit it perfectly, I would have missed my ...

How many type of Fibonacci do you use??

This is a very intelligent thread......one of the best I have ever seen. I will be following you.

Spider's Den

Sounds like desperation! In my first year of trading FX, I actually considered a system where I would randomly buy or sell up to four pairs when I opened up my platform....I may have even considered a simple coin toss at some point.

Secret Way to Bet Against Yourself - Become the Guy Who Takes Your Money

I agree with you 100%......I'm just wondering if the originator of this thread was pondering if there was a difference. I guess we will never know heh?

Why exactly do EMA crossover systems not work?

Can we presuppose that the original poster thought that SMA crossover systems work and was somehow wondering why EMA crossover systems didn't work? I looked at the first couple of pages and could not figure out why EMA crossover systems were ...

Why exactly do EMA crossover systems not work?

Yes it is very difficult because of all of the historical baggage that I have to deal with. Even though I have a high winning percentage, I still have that small voice in my head that reminds of a negative set up from 4 years ago and dares me to go ...

Why exactly do EMA crossover systems not work?

lol......My system works fine.......no need for all of that.......as the young folks say......."you do you". My biggest problem is trading in larger lot sizes.....my goal is to trade very large like the big boys. My 1 mini lot days are long behind ...

Why exactly do EMA crossover systems not work?

I rely heavily on historical data. I use it to verify my methodology. It is very much a hands on approach. You apply your methodology in various scenarios using a predefined set of money management principles. Why do I need a computer to do that? ...

Why exactly do EMA crossover systems not work?

I'll believe backtesting works when I see two things: 1. When Tradestation becomes a household name like Apple where thousands of folks will stand in line overnight to get the latest version of these magnificient backtesting programs that they offer ...

Why exactly do EMA crossover systems not work?

This is a good point. Backtesting to me is kinda like throwing a bunch of random parameters on the wall just to see what sticks. Scenario 1: I want to backtest and see what happens when I only place a short position on the Euro when the 50 DMA and ...

Why exactly do EMA crossover systems not work?

I don't think there is a single backtested system in FF that works. If there is one, I'm sure a lot of newbies would like to try it! Maybe there is one, but I haven't heard much about it. With so many talented traders that visit this site surely ...

Why exactly do EMA crossover systems not work?

Again, I would like to inquire of my backtesting FF friends and ask why are the statistics so bad for Forex traders if backtesting is so easy? Tradestation has been around for years.....correct? It is supereasy to plug in a few backtesting ...

Why exactly do EMA crossover systems not work?

I never said it was impossible......I simply said that I have never seen one before. I'm sure the fat cats use them and they probably don't care about a 120 pip stop loss. Thanks for the data. I would have to see what basis they ...

Why exactly do EMA crossover systems not work?

Based on my four years worth of data there appears to be certain types of nuances in price that simply cannot be programmed into a computer's logic. I believe the market makers do this on purpose....in an effort to confuse anyone trying to exploit ...

Why exactly do EMA crossover systems not work?

OK. Again....I would have to see a good system to be a believer.

Why exactly do EMA crossover systems not work?

True......it would take about a million lines of code for a computer to realize something that I can simply eyeball in 10 seconds. That is awesome. It would take another 10 million lines of code to figure out why a particular crossover didn't work. ...

Why exactly do EMA crossover systems not work?

You are correct.....as I mentioned in my last post....a computer is unbiased. It can not differentiate certain things when you start talking about where the crosssover is occuring with respect to the trend. It treats all crossovers the same ...

Why exactly do EMA crossover systems not work?