Have we seen this price action in silver before ? I think we have , Check out these charts ! Bullish short to medium term in my opinion

XAU/USD & XAG/USD - Gold & Silver Traders Thread

It appears people are no longer interested in this strategy therefore I won't bother sharing any more updates on our system development. Many thanks for the ones who contributed to this thread. God bless you all.

Do you believe moving average systems work?

ok guys , based on our strategy principle that markets likely to continue higher if it makes new high ie continue the trend . in this scenario: following our exit market did close above both MAs again however it didnt make new highs and it didnt ...

Do you believe moving average systems work?

any takers? the level of participation to answer these specific questions is disappointing, guys don't let me down

Do you believe moving average systems work?

thanks for the illustration although it doesn't answer my question I am not sure if you have read through this thread but please refer to post 9 , the issue with these systems is that they will not survive a ranging market although your winners are ...

Do you believe moving average systems work?

guys I will check your answers tomorrow but please don't tell me there is no answer , imagine you are trading this strategy and now you are faced with the above chart , what would you do and why ?

Do you believe moving average systems work?

Hi Smi, thanks for your ideas but do you have any statistics to support this strategy, any test results to give an idea of its profitability in the long run. Thanks

Do you believe moving average systems work?

issue 2 weekly in uptrend 1- we enter long as price closes above both MAs 2- we exit at day 30 candle as no reversal candle within our range 25-30 so we run the trade to the full 3- market dips to the no trade land (between MAs) but price manages to ...

Do you believe moving average systems work?

Hi Billytt, I am good my friend, as long as it stays sunny

Do you believe moving average systems work?

remember it is not a right or wrong answer , because no one knows what happens next, it is all about formulating a plan to deal with all possibilities and have a complete strategy. Obviously this plan has to be logical and corresponds with the aim ...

Do you believe moving average systems work?

Let's base our answer on pure logic and repetitive market behaviour , as you said the odds favour another move down and our strategy is based on following the trend so when the trend continues we re-enter short our exit is time based as well and is ...

Do you believe moving average systems work?

Issue 1 assume weekly shows a downtrend (price < 50 SMA) 1-we enter a short as price closes below both MAs 2-Day 10 candle shows first reversal, as per our rules we should be looking to exit around the recent lows within our range 10- 15 candles ...

Do you believe moving average systems work?

ok guys having finalised our exit strategy there are few issues I came across that we need to address, I will mention them one by one and we will aim to deal with them individually this will also help you consolidate the strategy rules that I ...

Do you believe moving average systems work?

Thanks for the suggestion, in this strategy I have adapted a time based exit which is not commonly used amongst traders but it is something that could work very well with this type of strategy, only results will tell

Do you believe moving average systems work?

weekly chart : if price above 50 SMA we are in an uptrend our range for both currencies will be 25- 30 trading days not including sunday candles for longs 3-5 Trading days not including sundays for shorts if price below 50 SMA we are in downtrend ...

Do you believe moving average systems work?

what never happened before , someone agreeing with you or me personally !

Do you believe moving average systems work?

I have a robust system to trade indices but not forex hence my decision to develop this system

Do you believe moving average systems work?

appreciate your comment , but I actually made a profit trading with my full time job, its just knowing your time limitation and adjusting your system to suit your circumstances, wish us luck

Do you believe moving average systems work?

now its the time to talk about multiple timeframes to define our range we need to look at multiple timeframes why is that? well when the weekly chart is in a down trend we dont want to hold a long for longer than necessary but when weekly is in ...

Do you believe moving average systems work?

I totally agree with you, Building a position is essential in trend following systems. I will come to this once we finish our exit strategy

Do you believe moving average systems work?