Ribbon dance

Hello all,

I want to present a very simple system that can give you some good pips.

Timeframe: i prefer M15 but it can be used in any timeframe
Enter: when price cross the ribbon
Emergency exit: when price cross gann hilo line

SL/TP: because your emergency exit is when price cross gann hilo line you don't need a SL or TP but for protection you can use a hard SL agording to your timeframe (bigger the timeframe, bigger the sl)

In my template you also have mj regression channel. This will draw 2 channels. Strategy with this is simple: look at channel margins. You can enter if the price break the channel or if the price get a rejection from the margins of the channels.

Hope you enjoy this and make some pips.

Marcuss, Thanks for the system that you have just shared.i just loaded your template but it showed everything else but the ribbon.any ideas on how to go round this?

Sorry, check now!

Simple enough!

Thanks, it,s working now and i like what i see.

thak you very much,very nice template

So it's a moving average crossover? Correct me if I'm wrong but you get wiped out in a consolidating market...

Seems like MAs to me. Nothing new

It's about time my friend.... Nice going. Will stick around.


NG

If you are still looking for the perfect system no system will be good for you, because we are too small to move the market and no indicator will show you where the big boys will move the market. The only thing you can do is to rely on a system were you can loose small money and win enough to cover your loses and still be in profit.

For me MA work, and this system is based on 2 MA:
- 3 EMA wich reflect the price move
- 13 EMA wich reflect the short trend

But i always look how price react in high timeframe.

In my template you have also the ichimoku monitor multitimeframe.
I use 2,5,8 settings. This settings are the same as those used for THV system, are equal with the channel form from m13+m21 used in NG system, and are the same as gann hilo default settings.
This way i see were the price is going in high timeframe and i know what kind of move is happening.

Moving Averages and Dance, I know it reminds me of something but what?


P.S. Kidding of course, have a good ride on your thread

29.03.2011
During the day we have 4 valid trade if we look only on m5:
- trade 1: + 21 pips
- trade 2: - 3 pips
- trade 3: +10 pips
- trade 4: +35 pips
Total 63 pips

If we filter with m15 we can see that only trade 1 and trade 4 are valid:
trade 1: +28
trade 2: +25
Total: 53 pips

Hi!
Nice tread:I like what is simple.
How long do you use this method?
Apart from the 15-minutes filter do you take into account all the signals given by the crossing of the two moving averages?It seems that yesterday, as far as I have understood, you neglected some signals.
Thank you on advance for your answer.

some live trading

As a filter i also use that ichi moku monitor multitimeframe and i draw a trendline or a channel to see where the price will go.

hi

i cant download the ribbon templae on my mt4.

can you attach the ribbon indicator that i can download...

or is there a way of setting it manually ?

thanks

I attach only the template

EURUSD today:
- trade 1: m15 was up, wait for the price to break the channel and enter
- trade 2: rejection from 1.4114 level, break the channel , enter

I dont know, I think first Pullback will be the best bet. If price dont reverse there, follow them. But nothing is certain in this business...


NG

trade no 3

I wait for the exit for this trade and that's all for today.