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Dancing with EMA

Quoting zebulon
I look history, the short entry is a mistake as the long entry at 1.5732 is still open. If i have missed it, i would enter at the touch of EMA 50 at 1.5791
Why long is still open?
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I know... different candles H4 :-(
Quoting zebulon
I look history, the short entry is a mistake as the long entry at 1.5732 is still open. If i have missed it, i would enter at the touch of EMA 50 at 1.5791
o my mistake on the said 1/ short entry. u very sharp eye.. sifu

noted on the rest... thanks.

chow... happy pipping
Quoting zebulon
I look history, the short entry is a mistake as the long entry at 1.5732 is still open. If i have missed it, i would enter at the touch of EMA 50 at 1.5791
According to this....in my chart GBP/USD touched 50 EMA at 1.5793..... price is approaching S/L at 1.5693..... if it hits S/L then I have to wait for a fresh new signal of price going 100 pips beyond 50 EMA, right??

sorry, if it seems a double question.... in one of my previous post, I asked similar but a hypothetical question... but now I'm facing the situation... that's why...I'm just making sure that I'm doing right thing....

P.S. I'm eager to implement this system in my real account... that's why I'm asking question in every possible step.... I'm newest in this arena as I've never traded in a real account yet....This is 4th month of my demo trading....

P.S.S. My S/L for GBP/USD got hit after submitting the post. Luckily 1.5632 is far away still... so Zebulon's long is still open....this signifies the importance of a good entry point....Whatever, it's part of trade......
5 SMA for EUR/USD is taking a saw tooth appearance.....it seems that price is moving sideways..... no ranging signal in this system, though..... it's a period of consolidation.....
Quoting mazis12
According to this....in my chart GBP/USD touched 50 EMA at 1.5793..... price is approaching S/L at 1.5693..... if it hits S/L then I have to wait for a fresh new signal of price going 100 pips beyond 50 EMA, right??

sorry, if it seems a double question.... in one of my previous post, I asked similar but a hypothetical question... but now I'm facing the situation... that's why...I'm just making sure that I'm doing right thing....

[i]P.S. I'm eager to implement this system in my real account... that's why I'm asking question in every possible...
In your previous question, it was to jump in the train, now it is to go on the opposite direction : i will not go short until 1.5632 especially if eur/usd and eur/jpy are still open long
Quoting zebulon
In your previous question, it was to jump in the train, now it is to go on the opposite direction : i will not go short until 1.5632 especially if eur/usd and eur/jpy are still open long
About jumping in the train... I understood that part......I was talking about going long again in gbp/usd.... if in this scenario.... EUR/USD and EUR/JPY are still open long.....and if I want to go long in GBP/USD when price reverse after it's down course..... how should I proceed?? Fresh long signal...

And if gbp/usd hits the 1.5632 and proceeds further..... then would you go short even if eur/usd and eur/jpy are still open long.....
Quoting mazis12
About jumping in the train... I understood that part......I was talking about going long again in gbp/usd.... if in this scenario.... EUR/USD and EUR/JPY are still open long.....and if I want to go long in GBP/USD when price reverse after it's down course..... how should I proceed?? Fresh long signal...

And if gbp/usd hits the 1.5632 and proceeds further..... then would you go short even if eur/usd and eur/jpy are still open long.....
I will go short on GBP/USD if :

1) gbp/usd hits the 1.5632
AND
2) eur/usd hits the 1.3160
AND
3) the 4H candle close 100 pips from 50 EMA

To go long, (i'm long from 1.5732) as the 2 other pairs are still open long, i would go long now at 1.5668 which is a better level than 1.5732 with a SL at 1.5632. So i would risk only 36 pips.
Good news from EUR/USD, i took my profit (100 pips) on 1 trade since i take 2 trades, the other one is running from 1.3260.

On GBP/USD, 2 trades still open from 1.5521 and from 1.5732

On EUR/JPY, 1 trade is still open from 102.68, more than 400 pips
  • Post #410
  • Quote
  • Edited 10:44pm Feb 23, 2012 10:23pm | Edited 10:44pm
Quoting zebulon
I will go short on GBP/USD if :

To go long, (i'm long from 1.5732) as the 2 other pairs are still open long, i would go long now at 1.5668 which is a better level than 1.5732 with a SL at 1.5632. So i would risk only 36 pips.
With no trade open at GBP/USD (S/L getting hit) and open long trade at EUR/USD, missed EUR/JPY uptrend..... I went for long for GBP/USD at 1.5677..... as this is not in the rule but you told in the above mentioned post... a logical approach in your mentioned scenario..... can I enter such a trade if I want to stick to this strategy??

Price is going up now.... about entry at 1.5668 with 36 pips risk.... good entry point.... as price is going up...soon 5 SMA is going to touch and cross 50 EMA if this trend continues..... so can the touch of 5 SMA with 50 EMA be another entry point provided that a long entry is still open.....
Quoting mazis12
With no trade open at GBP/USD (S/L getting hit) and open long trade at EUR/USD, missed EUR/JPY uptrend..... I went for long for GBP/USD at 1.5677..... as this is not in the rule but you told in the above mentioned post... a logical approach in your mentioned scenario..... can I enter such a trade if I want to stick to this strategy??

Price is going up now.... about entry at 1.5668 with 36 pips risk.... good entry point.... as price is going up...soon 5 SMA is going to touch and cross 50 EMA if this trend continues..... so can the touch of 5...
You need more space between 2 trades.
Even if you have entered at a very good price, you should wait for a new signal which is at least at 1.5732 + 80 pips and follow the strategy...
Quoting zebulon
Good news from EUR/USD, i took my profit (100 pips) on 1 trade since i take 2 trades, the other one is running from 1.3260.

On GBP/USD, 2 trades still open from 1.5521 and from 1.5732

On EUR/JPY, 1 trade is still open from 102.68, more than 400 pips
Congratulations !!
long on USD/JPY from 78.35
long on EUR/USD from 1.3253
long on GBP/USD from 1.5671 (since i missed 1.5521, i found this entry the best one after confirmation of floor on 1.5650 aprox)
Short on USD/CHF from 0.9010
all positions are profitable but USD/CHF, although i have to say my first 2 operations based on Zebulon strategy were loss...
EUR/JPY i missed it since i was long on 102.92, SL touched and went up +500 pips now !!
By the way i think that the SL should be put 100 pips from the theorical entry, not the real one (if it is not the same)..if the difference is too important, better not to enter
Good trading to all of you!
congratulation traders!
zeb trading method is gr8!

regardless +/- trades, i think it would nice if traders post their charts so that others would benefit...

tiring after work...

happy pipping
Heres my chart =)

i only Trade solely the EURUSD, currently 200 pips positive.. the yellow line is where the EMA has to reach before i can take another entry..
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Quoting zebulon
i think this is a good idea, i will enter with 2 trades, one for running and one closed when profit is +100 pips
Zebulon,
Would you consider this in your strategy?? after reading this, I started doing this.... but it'll cost more when price moves against you.... so one need to think about his money management whether one can afford the loss or not...

My last EUR/USD and GBP/USD entry were by 2 trades each.....after price moving 100 pips my way, I closed 1 trade.... now the remaining trade has 200 pips..... should I keep the s/l where it is or move to the entry level???

I think, if my memory doesn't betrays me, in one of your post, you've mentioned about moving to the entry level... I asked the question as 2 trades issue and this issue, both are part of money management...
I will very pleased to show my charts, but i donīt know how to do it ... sorry...
Quoting jeronimo
Congratulations !!
long on USD/JPY from 78.35
long on EUR/USD from 1.3253
long on GBP/USD from 1.5671 (since i missed 1.5521, i found this entry the best one after confirmation of floor on 1.5650 aprox)
Short on USD/CHF from 0.9010
all positions are profitable but USD/CHF, although i have to say my first 2 operations based on Zebulon strategy were loss...
EUR/JPY i missed it since i was long on 102.92, SL touched and went up +500 pips now !!
By the way i think that the SL should be put 100 pips from the theorical entry, not the real one (if it...
Good job Jeronimo !!

i'm agree with that : "By the way i think that the SL should be put 100 pips from the theorical entry, not the real one (if it is not the same)..if the difference is too important, better not to enter"
Quoting mazis12
Zebulon,
Would you consider this in your strategy?? after reading this, I started doing this.... but it'll cost more when price moves against you.... so one need to think about his money management whether one can afford the loss or not...

My last EUR/USD and GBP/USD entry were by 2 trades each.....after price moving 100 pips my way, I closed 1 trade.... now the remaining trade has 200 pips..... should I keep the s/l where it is or move to the entry level???

I think, if my memory doesn't betrays me, in one of your post, you've mentioned about...
Yes, i enter with 2 trades. I will modify post n°1 with all the strategy rules, it will be more clear .
And yes, I move the SL to the entry level if i'm 200 pips up .
200 pips up !!
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+ 466 PIPS !!
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