5/13/62 | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: 5/13/62
Exit Attachments

5/13/62

  • #61
  • May 5, 2007 10:37am May 5, 2007 10:37am
Rchap,

Does this system work daily with the gbp/usd?

And, if it does, does it work only during the european session?

Thanks man,

hilton

Quoting rchapmand
This is the system I use and I have had wonderful results with it. You can use any time frame just pick one that you like I trade off the 5min charts but that might not be for you. Try the 15min or the 30min.

This systems works really well I can't believe more people are not trading it. Then again it is too simple and people like to make things hard. I follow the KISS(keep it simple stupid) principle.

I've been adding at least 25% to my account balance on a daily basis with it.

I use trend lines for my projections and CCI set at 5 to tell me when the momentum is getting weak.

Trade when both 5 and 13 cross 62. When the market is trending price will retrace back to the 62 MA before going again in the direction before the retrace. A classic is the GPB/USD, price has now retraced back up to the 62 MA on the daily charts. I call these trades the Johnny come lately, for all those who miss it before.

It works well with news as well I don't care about the news as long as I'm trading off of a longer time frame. The price just likes to bounce from the 62MA. But if you are new to trading I would advise you to close your trades before the news, don't worry about the missed pips you would get them again later when the market settles down.

Hope this helps you and happy trading.
  • #62
  • May 5, 2007 11:20am May 5, 2007 11:20am
hi guys, thanks for posting this system. would also like to thak rob booker for his honesty. I watched one of his videos recently and he comes across as very honest, something that is very hard to do without actually meeting the person.

I was wondering about something. Why bother having a 5/13/62 system when the only valid cross is the 13/62? The system states that when the 5 AND the 13 cross, thats a signal to go long or short. Now, when the 13 crosses the 62, isnt it always the case that the 5 has already crossed?

just putting in my 2 cents. please correct me if i have gotten this wrong.
  • #63
  • May 6, 2007 4:52am May 6, 2007 4:52am
25% a day, what a joke! This is how people get false hopes about forex and then end up blowing up their account. I can make 50% a day, i'm quite positive, but that would be on a mini account trading 1$ per pip.

The record for a trading competition (futures) was set by Larry Williams, he turned 10,000 into 1m after a year. His balance has actually reached 2mil at one point, but then obviously something happened which shows us how much risk you have to take to reach such results.

Now let's see, 52 weeks a year, 10000*2 (someone also claimed to double his/her account each week) = 11,258,999,068,426,240,000 Wow, i've never known people this rich read forums. Now, if you think 10k to 1mil is impressive, you also have to realise that it equals to approximately 40-50% a month.

Anyway, i just don't understand why people make these outrageous claims...

BEst regards,

Vlad
  • #64
  • May 8, 2007 12:09pm May 8, 2007 12:09pm
Quote
Honestly speaking, minimally, I double my account every week and withdraw 60% every end of the month.

Hey orange...do you have to use dangerous levels of leverage to achieve this? I only risk about 2% per trade and I find it hard to double my account even on a monthly basis (i am still new so i lose a lot). How do you achieve this?

thanks!
  • #65
  • May 10, 2007 11:54am May 10, 2007 11:54am
In 1H I belive sometimes it might be to late to get into the trade after the 5+13 have crossed the 62. It's much easier to simply wait after the cross and get into the bounce off the 62. This systems works wonders in trending markets. I have attached a EUR/USD 1H chart as an example of this fine system.
Attached Image (click to enlarge)
Click to Enlarge Name: 62ema.JPG Size: 47 KB
  • #66
  • May 13, 2007 2:28pm May 13, 2007 2:28pm
Quoting MackS10
In 1H I belive sometimes it might be to late to get into the trade after the 5+13 have crossed the 62. It's much easier to simply wait after the cross and get into the bounce off the 62. This systems works wonders in trending markets. I have attached a EUR/USD 1H chart as an example of this fine system.
the 62 ema is indeed magical. Although the method is great, watch out during chop chop.
  • #67
  • May 13, 2007 3:59pm May 13, 2007 3:59pm
Quoting dunningduke
the 62 ema is indeed magical. Although the method is great, watch out during chop chop.
Indeed! 62 is great. I have also found something magical today. I attached a diagram. Tell me what you guys think.
Cheers and happy trading this week!
Attached Image (click to enlarge)
Click to Enlarge Name: 62TR.jpg Size: 52 KB
  • #68
  • May 18, 2007 9:27am May 18, 2007 9:27am
Do you put in the trade when the 5 and 13 crosses the 62 or do you wait until the mkt retraces and re-hits the 62ema before pulling the trigger?

thanks,

hilton

Quoting rchapmand
This is the system I use and I have had wonderful results with it. You can use any time frame just pick one that you like I trade off the 5min charts but that might not be for you. Try the 15min or the 30min.

This systems works really well I can't believe more people are not trading it. Then again it is too simple and people like to make things hard. I follow the KISS(keep it simple stupid) principle.

I've been adding at least 25% to my account balance on a daily basis with it.

I use trend lines for my projections and CCI set at 5 to tell me when the momentum is getting weak.

Trade when both 5 and 13 cross 62. When the market is trending price will retrace back to the 62 MA before going again in the direction before the retrace. A classic is the GPB/USD, price has now retraced back up to the 62 MA on the daily charts. I call these trades the Johnny come lately, for all those who miss it before.

It works well with news as well I don't care about the news as long as I'm trading off of a longer time frame. The price just likes to bounce from the 62MA. But if you are new to trading I would advise you to close your trades before the news, don't worry about the missed pips you would get them again later when the market settles down.

Hope this helps you and happy trading.
  • #69
  • Last Post: Jan 23, 2017 4:10am Jan 23, 2017 4:10am
Hi guys,just want to know if any of you is still trading Rob's 5/13/62 system,I'm new to forex and been testing this strategy on a demo account for a while now and seems legit to me. I know it's been a while when all of You been posting here but I didn't want to open new thread... My question to all of you is - beside those ema's do you guys add any oscillators to your charts or just stick to ema's? Thanks for all of your answers
0 traders viewing now