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EMA 25-50 Trading System (Detailed)

  • #621
  • Sep 26, 2007 10:53am Sep 26, 2007 10:53am
Quoting effilang

GBP/JPY Long BONUS





PENDING: 231.30




SL: 229.51


I'm still Long.
  • #622
  • Sep 26, 2007 11:06am Sep 26, 2007 11:06am
I just short G/J.....hit the top trend line
mike
Failure, is a wonderful teacher!
  • #623
  • Sep 26, 2007 11:44am Sep 26, 2007 11:44am
Quoting oghe-klate
Effi,

I just LONG the GJ at 233.17, and try to TP at 234.17.

What do you think about it?
which creteria?
  • #624
  • Sep 26, 2007 12:12pm Sep 26, 2007 12:12pm
Quoting dbest
which creteria?
BULL CSs at TF4H are trying to test EMA50 at TH Daily which is at 235.38. Besides that, the value of MACD at TF Daily reads an increment compared to the previous bar.

Just my humble opinion, dbest.
  • #625
  • Sep 26, 2007 12:44pm Sep 26, 2007 12:44pm
Quoting dbest
which creteria?

Quoting oghe-klate;
BULL CSs at TF4H are trying to test EMA50 at TH Daily which is at 235.38. Besides that, the value of MACD at TF Daily reads an increment compared to the previous bar.

Did you get all that?
  • #626
  • Sep 26, 2007 3:52pm Sep 26, 2007 3:52pm
Quoting mike1349
I just short G/J.....hit the top trend line
mike
Same here bro
Enter Signature
  • #627
  • Edited 6:06pm Sep 26, 2007 4:10pm | Edited 6:06pm
Lets see what we've got so far:


SUMMARY UPDATE:
FLOATING TRADES:

GBP/USD Long Bonus H4:

-35

ENTRY: 2.0185
SL: 2.0062
---------------------------------
NZD/USD (1) Long Bonus H4:

+75

Entry: 0.7374
SL: 0.7283
---------------------------------
NZD/USD (2) BUY BONUS:
Issued: 26.09 | 10:52 AM (GMT)

+27

Entry: 0.7422
SL: 0.7382

---------------------------------
CLOSED TRADES:
----------------------------------
GBP/JPY Long BONUS H4:

+135

PENDING: 231.30
SL: 229.51
----------------------------------
 USD/CAD Long D1:

-17
----------------------------------
 USD/CAD Short Bonus H4:

-35

ENTRY: 1.0009
SL: 1.0084



TOTAL FLOATING: +67 (-35 +27 +75)
TOTAL CLOSED: +135 -17 -35 = +83


------------------------------------------------------------------

25.09.2007
SUMMARY UPDATE
CLOSED TRADES:
USD/CAD: +333
AUD/USD: -23
EUR/JPY: -34
GBP/JPY: -20
FOR/GOT: -32
NZD/USD: +110, 118
GBP/USD: +100 +49
AUD/USD: -17
NZD/USD: -55
EUR/USD: -3
USD/JPY: +1
GBP/JPY: +135
USD/CAD: -17
USD/CAD: -35

Floating Trades:
GBP/USD Long: -41
NZD/USD: +75 +27

+342 -146 +260 +182 +418 +160 +73 +333 -150 +53 +13 +118 +110 -75 +89 +89 +120 +266 -23 -34 -32 -20 +12 +100 +49 -3 +112 +123 +152 -4 -55 +75 +27 -5 -3 -17 -41 +135 =


~2835 PIPs Gain
15 days traded.

Average: 189 Pips a day.
WIN/LOSS Ratio 38/14

 Regards,
E. Lang



"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #628
  • Sep 26, 2007 4:24pm Sep 26, 2007 4:24pm
Past couple of days haven't been fantastic, but we are still progressing steadily.

Just gotta cut them losses short.

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #629
  • Sep 26, 2007 6:05pm Sep 26, 2007 6:05pm

CLOSED TRADE:

GBP/USD Long Bonus H4:

-41

ENTRY: 2.0185
SL: 2.0062

It has been reflected in post #635

"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #630
  • Sep 26, 2007 6:22pm Sep 26, 2007 6:22pm
Nice reporting of the last 15 days. Not much volatility in the market, still whipsawing, just in tighter margins. Maybe some tighter SL's to reflect less volatility would have reduced some of the losses. Wouldn't really have stopped your gains. Result would have been more net pips. Just a thought. I enjoy reading this thread.
  • #631
  • Sep 26, 2007 6:24pm Sep 26, 2007 6:24pm

TRADE SIGNAL:

GBP/JPY Short Bonus:

ENTRY: 232.40
SL: 233.45

"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #632
  • Sep 26, 2007 6:39pm Sep 26, 2007 6:39pm
Hi E

With your short trade on the GBP/JPY do you only take the trade when/if the price hits 232.40 ?

Regards
  • #633
  • Sep 26, 2007 6:41pm Sep 26, 2007 6:41pm
Post #639 is what I was implying. If the movement goes against you to 233.00, wouldn't it be better to take the 60 pip loss? If it looks to continue up, then re-enter long and pick up the 45 pips you would have lost or if it retraces, you could re-enter in a short and make that 60 or more pips back on the short you originally anticipated. Like I said, just a thought.
  • #634
  • Sep 26, 2007 7:03pm Sep 26, 2007 7:03pm
Quoting Levendi
Hi E

With your short trade on the GBP/JPY do you only take the trade when/if the price hits 232.40 ?

Regards
Yeah! I will be shorting at that area.

Eagerly waiting ^_^

E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #635
  • Sep 26, 2007 8:10pm Sep 26, 2007 8:10pm
Hey Effi,

I have noticed that recently you have focused on trades that have nothing to do with your 2550 system. Is there something wrong with it?
  • #636
  • Sep 26, 2007 8:16pm Sep 26, 2007 8:16pm
Quoting PipAV8tor
Post #639 is what I was implying. If the movement goes against you to 233.00, wouldn't it be better to take the 60 pip loss? If it looks to continue up, then re-enter long and pick up the 45 pips you would have lost or if it retraces, you could re-enter in a short and make that 60 or more pips back on the short you originally anticipated. Like I said, just a thought.
Yeah, i do that alot!

I normally don't have my SL hit, i cut the loss short as soon as i can.
Thats why i have a lot of small losses
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #637
  • Sep 26, 2007 8:18pm Sep 26, 2007 8:18pm
Quoting alcastro
Hey Effi,

I have noticed that recently you have focused on trades that have nothing to do with your 2550 system. Is there something wrong with it?
No as a matter of fact i've never been more confident about it!

We just haven't had many trades, cuz i trade it on the Daily mostly as the signals are much stronger, and i know that even when we have a fake out i catch my 100 Pips.

Just give it a few more days and well have some good D1 signals.
I'll give the pairs a scan now for any H4 2550s.

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #638
  • Sep 26, 2007 8:24pm Sep 26, 2007 8:24pm
Can't see any prospective entries apart from one on GBP/USD H4 2550

------------------
TRADE SIGNAL:

GBP/JPY Short Bonus:

ENTRY: 232.40
SL: 233.45
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #639
  • Sep 26, 2007 8:36pm Sep 26, 2007 8:36pm
Quote
TRADE SIGNAL:

GBP/JPY Short Bonus:

ENTRY: 232.40
SL: 233.45


It has just been dangling above the entry line for a couple hours now. Seems like there is almost a resistance at 232.45, because it keeps bouncing of that number every 30 minutes or so.

But, I think a short is in the picture soon enough. My Moving Averages have been getting closer and closer to a cross, and the cross is indicating a sell. So, if my cross happens, congrats on being earlier to the punch than me.
  • #640
  • Sep 26, 2007 8:39pm Sep 26, 2007 8:39pm
It knows were waiting on it

This will be the only signal for now guys, it's already 4:40 AM where i am at.

I'm just gonna let this one run and hope to wake up about 100 pips richer or a hundred poorer.

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
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