the best moving averages to trade Forex are...

[davidmaria1]

Quote from short&naked:

Well, take a highly liquid fx pair like EUR/USD that is harder for a single player to move during peak time. This is the kind of pair that would probably more readily respect short term MAs as R&S. However, I think that cross-over systems are more popular over the short term.

Like with any short term trading, you'll get more false signals regardless of what indicator you use.

In fact, you shouldn't be scalping anything but the E/U the spread will kill you with the other pairs. JPY cross should be used for carries only (IMO).

Also, tight spreads make money and risk management so much easier and exact (something not ofter mentioned)!

Not the scalping arguments again!!!!!!!!!
Shit, here comes Cable......

 

[increasenow]

Quote from short&naked:

Also, tight spreads make money and risk management so much easier and exact (something not ofter mentioned)!

right on...the tighter the spread the better for scalping Forex!

 

[cabletrader]

Quote from davidmaria1:

Not the scalping arguments again!!!!!!!!!
Shit, here comes Cable......

lol, how can I resist

Quote from short&naked:

If your win/lose ratio falls below 50% (more losing trades then winning trades) and you are still returning positive gains, then your on your way to longevity in this game.

In fact, you shouldn't be scalping anything but the E/U the spread will kill you with the other pairs. JPY cross should be used for carries only (IMO).

I respect short&naked's opinion because I believe he's an accomplished trader but it doesn't mean I have to agree with it. Both of the above statements do not concur with my own trading experience and I've been at this game for a while now.

I can only go by my own results, as some know I scalp Eur/Aud with a 8-10 pip spread most of the time, and a 95% win rate....I'm still here.

I think there is only one 'rule' when it comes to trading and that's manage risk and preserve capital. After that no-one has the monopoly on profitable trading strategies, it's up to the individual how he approaches the challenge and there's not really any 'right' or 'wrong' way to trade, as long as you're consistently making money then it simply can't be wrong.

 

[increasenow]

Quote from cabletrader:

I can only go by my own results, as some know I scalp Eur/Aud with a 8-10 pip spread most of the time, and a 95% win rate....I'm still here

Hey CT....this is a great post...thanks for your insight...when you say "Scalp"...what kinda "hold" timeframe are you talking about for your trade?...1,3,5,10 minutes?...I would think anything longer is a "short term" trade rather than a scalp trade, correct?

also...does your set-up have anything to do with looking to trade possibly at the top of any given hour?...meaning 9:00AM or 5:00PM New York times...just wondering...thanks for a great reply

 

[short&naked]

Quote from cabletrader:

lol, how can I resist



Ah yes, it's true that especially during times of high volatility the spread is compensated for fairly quickly.

I respect short&naked's opinion because I believe he's an accomplished trader but it doesn't mean I have to agree with it. Both of the above statements do not concur with my own trading experience and I've been at this game for a while now.

I can only go by my own results, as some know I scalp Eur/Aud with a 8-10 pip spread most of the time, and a 95% win rate....I'm still here.

I think there is only one 'rule' when it comes to trading and that's manage risk and preserve capital. After that no-one has the monopoly on profitable trading strategies, it's up to the individual how he approaches the challenge and there's not really any 'right' or 'wrong' way to trade, as long as you're consistently making money then it simply can't be wrong.

 

[cabletrader]

Quote from short&naked:

Ah yes, it's true that especially during times of high volatility the spread is compensated for fairly quickly.

Right, and Eur/Aud can be volatile even in the quietest market. Add in the mix a bit of latency and the spread pretty much melts away

 

[short&naked]

Quote from cabletrader:

Right, and Eur/Aud can be volatile even in the quietest market. Add in the mix a bit of latency and the spread pretty much melts away

8-10 pips? You should be able to get the baby down to about 3-4 easy.

 

[cabletrader]

Quote from increasenow:

Hey CT....this is a great post...thanks for your insight...when you say "Scalp"...what kinda "hold" timeframe are you talking about for your trade?...1,3,5,10 minutes?...I would think anything longer is a "short term" trade rather than a scalp trade, correct?

also...does your set-up have anything to do with looking to trade possibly at the top of any given hour?...meaning 9:00AM or 5:00PM New York times...just wondering...thanks for a great reply

No particular times such as top of the hour, no, just whenever there's an opportunity.

This kind of scalping isn't really the true definition, but trades can last anything from a few seconds to a few hours if I end up having to average into a trade. I keep trade size small on those kinds of trades in order to keep risk reasonable.

This isn't the best way to trade by the way, it's just I can't stay in these long trend-following trades for very long, if I see money I just have to take it!

 

[increasenow]

Quote from cabletrader:

No particular times such as top of the hour, no, just whenever there's an opportunity.

This kind of scalping isn't really the true definition, but trades can last anything from a few seconds to a few hours if I end up having to average into a trade. I keep trade size small on those kinds of trades in order to keep risk reasonable.

This isn't the best way to trade by the way, it's just I can't stay in these long trend-following trades for very long, if I see money I just have to take it!

cool

 

[cabletrader]

Quote from short&naked:

8-10 pips? You should be able to get the baby down to about 3-4 easy.

You bet! Unfortunately Oanda have spells of price freezes on Eur/Aud....I think they're onto me