trading on demo is not trading
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies
Easy to use & simple position size indi needs to be fixed 0 replies
An Easy System (With the help of ES Trader - Another Simple System) 13 replies
mq4 code convert to easy language to use in Tradestation 1 reply
Average system + great discipline =great results? 44 replies
DislikedHope you guys saw these trades! Its a great time to go long on gbp/jpy. It passed its all time low of 228. Take the trade and ride it. Sometime I trade like this. I find the all time low or high and once its reached I place my trade. You will get an enormous amount of pips on this trade. Because it could retrace 100-200pips. Might not happen today but maybe on sunday or monday. IM going long!Ignored
DislikedHey everyone!
I just wanted to post my system here and have everyone see how easy it is and can allow you to make really good money. You have to have patience and follow the signals. Stay away if the market is choppy. System works best from 12a.m. est- 10a.m. est
First you need 3 moving averages.
50 ema
100 ema
200 ema
Macd set at default which is 12, 26, 9
in an uptrend they will be stacked 50,100,200
downtrend the naturally will be 200, 100, 50
This is great because price always retraces to the ema's and bounces off. Once it passes one of them it usually tries to make its way to the next ema and at times its 40-60 pips! unless the ema is sitting right on a fibo level then just wait for the close with the macd to confirm.
That's it! What you do is everytime you find the low and high. Draw a fibo from low to high. Price will always hit the fibos or bounce off the ema's. It works best on the 15 and 60 minute chart. When placing the Fibo's... It does not matter how many days, hours or minutes. If the price reaches a high point from a low point from 2 hours ago. Run a fibo and price will keep hitting it along with the emas. If price closes above or below an ema watch it carefully. Sometimes it will pierce through and go for the next ema or it will bounce off of it.
if you set up and look at your chart go back a couple of days and watch how price reacts to the emas. Also the macd is the main ingredient here. I only trade on the 15 and 60 min charts. I usually take the trade on the 15 when the macd has crossed and will watch the 60 min to confirm the movement. That's if I am being aggressive. When the 50 ema crosses over both of the others. This is considered a death cross. Keep it going in that same way it is crossing. It takes a lot to make it cross back all 3 again.
I have made over 1000 pips this month alone with this system. any questions please ask awayIgnored
DislikedHere is another trade of mine from last night going for 84 pips. the 50 ema crossed down almost a death cross. Also macd crossed down so the trade was definately a good one.Ignored
DislikedCheers for this bud. I will have a play and keep you informed. I have a similar system running on the 5 min chart that i picked up somewhere else on FF and it has really helped improve my win ratio to around 9:1 as long as i follow the signal.
I will go and set it up now ! Thanks again.Ignored