{quote} Last one. Choppy Friday... {image}
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,741
- Sep 26, 2025 8:10am Sep 26, 2025 8:10am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
- #3,742
- Sep 26, 2025 9:38am Sep 26, 2025 9:38am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
This is another hindsight view. I didn't take this one but it looks a high provability trade. JMA was contracted and ready to expand. Bullish pinbar candle was about to take out previous bear candles with upper wicks. It looks clearer on 2 min chart. When it breaches the upper wick candle, you may take a quick profit or move SL to BE and see what happens.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,743
- Sep 26, 2025 12:31pm Sep 26, 2025 12:31pm
- Joined Dec 2010 | Status: Never Stop Learning | 7,326 Posts
{image} Two small trades so far.... Later part of pre-session is rather slow and consolidating Friday today. Just quick in and out. By the way fading the pinbars works nicely usually. I learned it from Senja.
I don't know if this will Help, I hope so
- #3,744
- Sep 26, 2025 5:16pm Sep 26, 2025 5:16pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
{quote} Hi Justin, I don't know if this will Help, I hope so {image} {image}
Of course, they are very much helpful as always. I really appreciate it.
I love your logical thought process although it's easier said than done. I wish I learned this 10 years ago. I wasted 10+ years playing with so many useless indicators..... 
Have a nice weekend Steve.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,745
- Sep 27, 2025 9:32am Sep 27, 2025 9:32am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
I wanted to do some scalping practice using Bitcoin CFD during this weekend but it didn't work out. Weekend market is very choppy, slow and erratic with high spread and slippage. Also broker server is unstable.... Who's gonna trade during weekend? Serious people wouldn't do that. All 4 trades ended up as losers. Unless market cooperates, scalping also doesn't work. 
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,746
- Sep 27, 2025 5:46pm Sep 27, 2025 5:46pm
- Joined Sep 2013 | Status: Trader | 25,137 Posts
I wanted to do some scalping practice using Bitcoin CFD during this weekend but it didn't work out. Weekend market is very choppy, slow and erratic with high spread and slippage. Also broker server is unstable.... Who's gonna trade during weekend? Serious people wouldn't do that. All 4 trades ended up as losers. Unless market cooperates, scalping also doesn't work.
people leave, but this thread will go on for ever
- #3,747
- Sep 29, 2025 4:36am Sep 29, 2025 4:36am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
Got up late today and made two quick losses right before. Market is choppy with all the hesitations... no wonder as it's all time high and getting huge focus from the people... Better walk away today.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,748
- Edited 6:01am Sep 30, 2025 5:50am | Edited 6:01am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
I will be demo trading gold for next a couple of weeks until I build enough confidence. Yesterday was a terrible day although it was well expected. I need some more practice. I also blew my two eval accounts. They were already deep DD even before I started gold scalping. I wasn't serious enough and made a silly gambling yesterday out of my strategy.
I made quick and small 8 demo tradings during early session. Trading cost (commission + exchange fee, roughly $5 per contract) is not reflected. Also, in real trading, slippage can be wider. I find one minute extreme scalping can be easier when I go deep dive further to micro levels. Seconds based charts can be useful when it comes to gold. Nonetheless, Mr. Market should cooperate.
I made quick and small 8 demo tradings during early session. Trading cost (commission + exchange fee, roughly $5 per contract) is not reflected. Also, in real trading, slippage can be wider. I find one minute extreme scalping can be easier when I go deep dive further to micro levels. Seconds based charts can be useful when it comes to gold. Nonetheless, Mr. Market should cooperate.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,749
- Sep 30, 2025 6:41am Sep 30, 2025 6:41am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
I will be demo trading gold for next a couple of weeks until I build enough confidence. Yesterday was a terrible day although it was well expected. I need some more practice. I also blew my two eval accounts. They were already deep DD even before I started gold scalping. I wasn't serious enough and made a silly gambling yesterday out of my strategy. I made quick and small 8 demo tradings during early session. Trading cost (commission + exchange fee, roughly $5 per contract) is not reflected. Also, in real trading, slippage can be wider. I find one...
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,750
- Sep 30, 2025 8:17am Sep 30, 2025 8:17am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
I need to learn how to avoid chop zones like the following one:
My experience says, immediately after huge movements, it's better avoid trading. There's hardly anything left to eat anymore......
My experience says, immediately after huge movements, it's better avoid trading. There's hardly anything left to eat anymore......
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,751
- Oct 1, 2025 8:12pm Oct 1, 2025 8:12pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
JMA plus Hull strategy A trading strategy that combines Jurik Moving Average (JMA) and Hull Moving Average (HMA) aims to capture the best of both indicators: JMA: Very smooth, almost zero lag, excellent for detecting the trend direction. HMA: Reacts quickly to price changes, ideal for early entries and exits but more prone to whipsaw.Concept: JMA + HMA Strategy Goal: Use JMA to determine the dominant trend direction, and HMA to time entries and exits more precisely.
Indicator Setup IndicatorPeriodPurpose JMA50–100Smooth...
A Jurik Moving Average (JMA) ribbon + EMA ribbon combination is something a lot of traders experiment with, because it tries to merge two different philosophies:
- Jurik Moving Average (JMA) → Designed to be ultra-smooth with minimal lag. It reacts faster than most smoothing methods without the noise.
- Exponential Moving Average (EMA) → More common, reacts quickly to price, and widely used by institutions and algo models.
A ribbon means layering multiple JMAs or EMAs of different lengths (e.g., 5, 10, 20, 50, 100) to visualize momentum, trend direction, and compressions/expansions.
How the Combination Works
- JMA Ribbon for Entry Precision
- Since JMA is less laggy, it can help spot trend shifts or momentum bursts earlier than EMA.
- Traders often watch for JMA ribbon compression → expansion as a signal of a new move starting.
- EMA Ribbon for Trend Confirmation
- EMA ribbons (often used like the Guppy MMA or EMA ribbon strategies) are good at defining trend bias.
- When short EMAs are stacked above long EMAs = uptrend confirmation.
- JMA signals against the EMA trend can be filtered out.
- Combination Idea
- Use the EMA ribbon as the "macro filter" (trend direction).
- Use the JMA ribbon as the "micro trigger" (entries/exits, scalps, reversals).
- Example: Only take long trades if the EMA ribbon is bullish and the JMA ribbon shows a fresh compression breakout upwards.
Strengths
JMA can reduce false signals compared to using EMA-only crossovers.
EMA ribbons provide long-term structural context.
Together, they may help you filter chop and enter earlier in trends.
Weaknesses
Overfitting risk → Combining too many moving averages can make signals look perfect in backtests but fail live.
Whipsaw in ranges → Even with JMA smoothness, ribbons are still MA-based and lag in sideways markets.
Redundancy → Sometimes JMA + EMA just repeat the same information; you may not gain much edge beyond proper risk management.
Does it Work?
- It can work as a trend-following + momentum confirmation tool, especially in strong trending markets like Nasdaq, Gold, or FX majors.
- It usually struggles in choppy, sideways markets, where both JMA and EMA whip back and forth.
- Many traders use ribbons more as a visual guide than as a strict "buy/sell signal generator."
If you’re thinking of testing this, I’d suggest:
- Use EMA ribbon (longer-term) to define direction.
- Use JMA ribbon (shorter-term) to refine entries.
- Pair with a momentum filter (e.g., RSI, CCI, or volume spike) to avoid false starts.
- Test it on higher volatility instruments (Nasdaq, Crude Oil, Gold) rather than low-volatility assets.
Would you like me to sketch out an example trading plan (entry, exit, stop loss rules) using JMA + EMA ribbons so you can test it in your day trading?
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,752
- Oct 1, 2025 8:28pm Oct 1, 2025 8:28pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
I gave up day trading Nat Gas futures and instead I have started Gold futures scalping. Predicting one or two bars in the future is relatively much easier than 10 - 20 bars ahead. Longer you stay in the market, bigger the risk you take. Market is very whimsy and she herself doesn't know where to go. Only temporary momentum can give you a slight more edge. Especially Nat Gas is a quite thin market and manipulations are everywhere. Sometimes it follows trend very nicely, but many times it plants traps on every corner of the road. It's very volatile...
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,753
- Oct 1, 2025 8:41pm Oct 1, 2025 8:41pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,754
- Oct 1, 2025 9:05pm Oct 1, 2025 9:05pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
I am trying to mimic Steve's beautiful scalping but I still need MAs. The day will come when I remove all the indicators like Steve and Senja....
Two trades in the morning session mimicking Steve's.... If you are following Steve's thread, you know why I entered. I regret the second one a bit, as it was premature setup when I entered. I should've waited one more cycle.... By the way, this is DEMO account...
Two trades in the morning session mimicking Steve's.... If you are following Steve's thread, you know why I entered. I regret the second one a bit, as it was premature setup when I entered. I should've waited one more cycle.... By the way, this is DEMO account...
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,755
- Oct 1, 2025 9:21pm Oct 1, 2025 9:21pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
It looks polarity is being changed to bullish side until it negates itself. Higher, high stuff... or EMA stuff... I'd like to watch only buy opportunities trying to read PA like Steve.... By the way, yellow line in the picture is 21 EMA.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,756
- Oct 1, 2025 10:18pm Oct 1, 2025 10:18pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
I am trying to mimic Steve's beautiful scalping but I still need MAs. The day will come when I remove all the indicators like Steve and Senja.... {image} Two trades in the morning session mimicking Steve's.... If you are following Steve's thread, you know why I entered. I regret the second one a bit, as it was premature setup when I entered. I should've waited one more cycle.... By the way, this is DEMO account...
The 3d entry was even worse. The direction was correct but I entered at way over bought condition...... nearly hitting SL. By the way, this early Asian session was exceptionally trendy and easy. Not everyday likes today. Anyway, this is a demo practice, so do not take it seriously.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,757
- Oct 2, 2025 5:19am Oct 2, 2025 5:19am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
Woke up late and just finished reading FF postings from Senja and Steve. Steve made a lot of trades during Asian session. Seems he lost sleep....
My view is gold is still under bullish pressure. For amateurs like me, it's better focus only on buy side trades. Professionals like Steve and Senja can trade on both sides, but it's riskier to amateurs.
My view is gold is still under bullish pressure. For amateurs like me, it's better focus only on buy side trades. Professionals like Steve and Senja can trade on both sides, but it's riskier to amateurs.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,758
- Oct 2, 2025 7:05am Oct 2, 2025 7:05am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
4th one ended up BE. I wouldn't try this if I trade with real money. It was over stretched and had higher risk. Ideally, I would like some deep pull-back before I reconsider any buy entry.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,759
- Oct 2, 2025 8:19am Oct 2, 2025 8:19am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
Steve must have bought that candle.... Steve?
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #3,760
- Oct 2, 2025 9:05am Oct 2, 2025 9:05am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,092 Posts
I wouldn't take it anyway. It was too risky to me with big SL. Some professionals would have taken it.
This is 30 seconds chart. Looks more clearer with tighter SL. Seconds chart may be helpful to some scalpers....
Simplicity is the ultimate sophistication - Leonardo da Vinci