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EMA 25-50 Trading System (Detailed)

  • #701
  • Oct 2, 2007 8:45am Oct 2, 2007 8:45am
Quoting Acko
Could be a possible long on GBPCHF daily guys.
Waddya think Tim?

Sorry Acko, this is not a pair I watch.


T4K
  • #702
  • Oct 2, 2007 8:58am Oct 2, 2007 8:58am
Quoting Acko
Could be a possible long on GBPCHF daily guys.
Waddya think Tim?
I am long USDCHF since 1.1679. Same reason: Daily signal. I will look into GBPCHF in a second.

Greetz
Gnat
  • #703
  • Oct 2, 2007 9:07am Oct 2, 2007 9:07am
Quoting Acko
Could be a possible long on GBPCHF daily guys.
Waddya think Tim?
Long is "confirmed" eversince yesterday. QQE crossed, Momentum positiv, DMI crossed with "+" over "-". The candles or Heiken Ashi bars are above the T3 line.

Clear long signal from my point of view - maybe you are a half a day late, but it is still valid!

Hope that helped!

Greetings
Gnat

Just found something amazingly profound and fitting to my answer:
The biggest enemy of any trader is his/her own opinion about where the market is going.
The next biggest enemy are opinions of friends and brokers about where the market is going.
Trade what you see, NOT what you hear or think. (Sorry for the copyright breach here ;-) )
  • #704
  • Oct 2, 2007 9:09am Oct 2, 2007 9:09am
Quoting alcastro
So we are in the same boat Tim.....we have a daily job to pay our bills...and we are trading forex to try to escape our daily job....but we cannot trade as much as we'd like because of our daily job.....so we cannot make enough money to leave our job.....so we are stuck with the dailies!!!!

Awwwwwww.... ironies of life!!!! Lets hope that someday we'll find a daily trade that will let us ride it for days....and when the ride is over...and our trailing stop is finally hot...we can retire to a life of leisure and absolute relaxation....
Trading the dailies is not a bad thing, and can kep you out of some serious trouble.
and trading only 1 or 2 pair is worthy of consideration too....jmho
Same Whore .... Different Dress
  • #705
  • Oct 2, 2007 9:27am Oct 2, 2007 9:27am
Quoting Gnat
I am long USDCHF since 1.1679. Same reason: Daily signal. I will look into GBPCHF in a second.

Greetz
Gnat
Gnat - Our brokers have totally different information or I have totalled missed the boat on the concept of this stategy. I thought a candle needed to close above or below the 50 EMA to constitute a trade. On my charts the USD/CHF is a 130 to 150 pips away from crossing the 50 EMA to go long.

What am I missing?

T4K
  • #706
  • Oct 2, 2007 9:27am Oct 2, 2007 9:27am
Think you might be on the wrong thread Gnat.
But thanks anyway
Dave
  • #707
  • Oct 2, 2007 9:46am Oct 2, 2007 9:46am
Sorry Guys!

Right... I am using something else. Just wanted to help Acko in case he wanted to take the trade. I fathomed that as Effi was banned, this may be alright. Again, I apologize for trying to be of service in the wrong place .

Off I go!
Greetings!
Gnat
  • #708
  • Oct 2, 2007 9:49am Oct 2, 2007 9:49am
Hey, no probs Gnat.
Drop by anytime. But don't confuse us next time.
Tschuss.
dave
  • #709
  • Oct 2, 2007 11:00am Oct 2, 2007 11:00am
Quoting Acko
Hey, no probs Gnat.
Drop by anytime. But don't confuse us next time.
Tschuss.
dave
Hey Dave!

Thanks - and greetings from Qpip!

Ciao
Gnat
  • #710
  • Oct 2, 2007 4:58pm Oct 2, 2007 4:58pm
I just took my first trade with this system on USD/CHF 4hr chart. Long at 117.56. We'll see what happens... What would my initial stop be based on the ATR of .0031? I just placed a safe stop under the 25ma at 116.99
Attached Image (click to enlarge)
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  • #711
  • Oct 2, 2007 6:27pm Oct 2, 2007 6:27pm
Thank Lang for sharing your idea , it's very helpful for me, a newcomer.
  • #712
  • Oct 3, 2007 12:31am Oct 3, 2007 12:31am
Quoting alcastro
So we are in the same boat Tim.....we have a daily job to pay our bills...and we are trading forex to try to escape our daily job....but we cannot trade as much as we'd like because of our daily job.....so we cannot make enough money to leave our job.....so we are stuck with the dailies!!!!

Awwwwwww.... ironies of life!!!! Lets hope that someday we'll find a daily trade that will let us ride it for days....and when the ride is over...and our trailing stop is finally hot...we can retire to a life of leisure and absolute relaxation....
Think this way: Monitor 10 pairs. Let's say you only get one signal per month per pair, so you will have to have a lot of patience to WAIT for the signals. You'll win some and lose some. Even so, you can reasonably expect to get between 400 and 800 pips per month. At a very conservative true leverage of 2:1, that is an average monthly return of 8% to 16%.

With compounding, you're looking to make a lot of money in just a few years. It will take a few years to grow a small account into a decent size. After that, you'll start making some real money. Enough to ditch those J.O.B.s

Have patience. Wait for the market to come to you; don't chase it.

This isn't get-rich-quick, but it sure will get you rich faster than working as a voluntary slave for another man.

Dial
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  • #713
  • Edited 12:29pm Oct 3, 2007 5:53am | Edited 12:29pm
Im long on the same USDCHF trade scotty -17 pips so far.
and short on the EURGBP -17pips also :/

just exit the USD/CHF trade for +45pips so come in eventually

EURGBP is back to -1pip now so fingers crossed it will also come in.

spoke to effiy he said he wouldnt of taken it because he has a filter method only avaible to his students.
  • #714
  • Oct 3, 2007 11:33am Oct 3, 2007 11:33am
Can anyone post some template for this system ? THANX
  • #715
  • Oct 3, 2007 4:16pm Oct 3, 2007 4:16pm
thank you for the system !

i am currently testing it

mind you, i use the 1 hr time frame for entries. the entry is as usual:candle opens or closes above or below the 50 EMA(i have observed that if on the 1 hr time frame at least 2 candles are below or above the 50 ema, then this will also happen in the 4hr time frame

started trading this method today.

so, for today:

sell GBPUSD @ 2.0368 currently + 49 pips
sell EURUSD @ 1.4144 currently +54 pips
sell AUDUSD @ 0.8883 currently +55 pips
buy USDCHF @ 1.1785 currently +21 pips
buy USDCAD @ 0.9968 currently +14 pips
sell EURGBP @ 0.6957 currently +10 pips
sell EURCHF @ 1.6620 currently -16 pips
sell EURAUD @1.5953 currently -10 pips

so, thus far, today 177 pips
all trades are still open

also, i set up an entry order for EURJPY short @ 164.20 (1 hr timeframe, that price would mean the candle is under the 50 ema)
i am using a S/L of 30 pips. S/L is adjusted after every +10pips, so that it always is 30pips away from the current price.

ok, that's it, i am going to sleep right because i have courses from 8 a.m tomorrow lol
Twitter: @forexpokerpro
  • #716
  • Oct 4, 2007 6:50am Oct 4, 2007 6:50am
Got my eye on USDJPY Daily if it breaks above 116.76 (high of last bar)
  • #717
  • Oct 6, 2007 8:45am Oct 6, 2007 8:45am
Quoting Acko
Got my eye on USDJPY Daily if it breaks above 116.76 (high of last bar)
Did you ever take that trade Acko?

Hope Effi is back very soon .....

I use a different system, but incorporate 2550 as a confirmation.

Regards
  • #718
  • Oct 6, 2007 2:27pm Oct 6, 2007 2:27pm
Quoting angiegiles00
Did you ever take that trade Acko?

Hope Effi is back very soon .....

I use a different system, but incorporate 2550 as a confirmation.

Regards
And wich system do you use?
  • #719
  • Oct 6, 2007 2:43pm Oct 6, 2007 2:43pm
Hi Angie,
no, I cancelled the order Friday morn with it being NFP day and took the rest of the day off. May look for a re-entry on Monday. You?
Dave
  • #720
  • Oct 6, 2007 3:32pm Oct 6, 2007 3:32pm
Quoting deforexit
And wich system do you use?
Hi there

I am developing my own system and testing it at the moment. I use BB, emas 25-50 and a 100ema. Macd and Momentum indicators on 4hr and daily TF as I work full time...

Still very much in its infancy, but if it returns a good success rate I will reveal more later.....

Angie
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