Attachments: EMA 25-50 Trading System (Detailed)

EMA 25-50 Trading System (Detailed)

#741
Oct 11, 2007 11:25am Oct 11, 2007 11:25am

asmocon
| Joined Oct 2006 | Status: Trader | 54 Posts

Quoting mtrmth

Disliked

i am lookong at the eur/jpy right now. looks to be setting up for a short in a bit. here is a question, the rules say the rsi crosses the 50 line up or down for a scalp. does anyone know how to get the 50 line??? i also have a 70/30 line for the ob/os lines. should they be 80/20??? if so, how do you change them??

Ignored

Inside of the metaquotes software, just double-click on your RSI line. Then click on the "Levels" tab. You should then have the option to add/delete lines. Just simply press "add" and put 50 as the value. Repeat process for whatever levels you want.

#742
Oct 11, 2007 12:23pm Oct 11, 2007 12:23pm

mtrmth
| Joined Dec 2006 | Status: Trader | 1,191 Posts

eur/jpy just gave me 60 pips!!! that was a nice trade!!! not to get greedy, but i know it will give me more later!! second trade of day. +85 pips. this system is cool, will call it awesome when i make 1000 pips a week, only took an hour for the 85. thanks much effie, cannot wait until you are back.

#743
Oct 11, 2007 12:26pm Oct 11, 2007 12:26pm

mtrmth
| Joined Dec 2006 | Status: Trader | 1,191 Posts

thanks asmocon, worked!!

#744
Oct 11, 2007 2:57pm Oct 11, 2007 2:57pm

Acko
| Membership Revoked | Joined Dec 2006 | 277 Posts

Quoting Lou G

Disliked

I'm sure I recall the author mentioning early in this thread that he intended to post parameters for the indicators to be used on an H1 chart. Has that ever happened? I have followed this thread quite closely and didn't run across any specific mention of H1 mods to the basic method.

Thank you...

Ignored

I don't remember any parameters Lou, but I tend to trade the shorter timeframes (patience problem ya know) with the same settings - even 15mins occasionally.
Dave.

#745
Oct 11, 2007 3:54pm Oct 11, 2007 3:54pm

asmocon
| Joined Oct 2006 | Status: Trader | 54 Posts

Quoting mtrmth

Disliked

eur/jpy just gave me 60 pips!!! that was a nice trade!!! not to get greedy, but i know it will give me more later!! second trade of day. +85 pips. this system is cool, will call it awesome when i make 1000 pips a week, only took an hour for the 85. thanks much effie, cannot wait until you are back.

Ignored

Since I am still trying to work out this system fully (money management wise etc), I am still fresh on it's methods. I am curious how you got a short on the EUR/JPY using the 2550 method. The only way I see a short on it, was by switching to the 30minute charts, and I was curious if that is what you were doing, or if you had it setup a different way, etc.

Enjoy,

Adam.

#746
Oct 11, 2007 4:33pm Oct 11, 2007 4:33pm

mtrmth
| Joined Dec 2006 | Status: Trader | 1,191 Posts

i am not using the 2550 method, i have not gotten that far thru the thread yet. i am using the basics from page 1 and 2, and i was using the shorter timeframes. i have not used the 4 hr method as i can get more trades with the shorter time frames. i am going to look at the 4 hr for longer term trades when i get my account funded to do multiple time frame trading. i use the 5, 15 and 30 to make the last 2 trades. the 1hr and 4hr showed the down trend. should have played the swing up, looks like 60 pips on the long side for eur/jpy. gotta be careful for the fakes, but so far this proves this method is good.

#747
Edited 1:07am Oct 12, 2007 1:03am | Edited 1:07am

asmocon
| Joined Oct 2006 | Status: Trader | 54 Posts

The EUR/GBP trade from yesterday is still holding strong, and is currently up over 70 pips.

The GBP/USD trade (forgot to post it, opened about 20 hours ago) is up nearly 90pips at the moment, too.

And now, another trade is showing on the 4hour charts, which is to short the GBP/JPY at the current price of 237.62, with a Stoploss of either 238.50 or 239.38 based on if you want to use the ATR or ATRx2

#748
Oct 12, 2007 7:27am Oct 12, 2007 7:27am

effilang
| Commercial User | Joined Nov 2006 | 1,013 Posts

Back in action babeeyy woooo hooo lol

"One Grows Tall After Walking Through A Forest Of Tall Trees."

#749
Oct 12, 2007 7:32am Oct 12, 2007 7:32am

Acko
| Membership Revoked | Joined Dec 2006 | 277 Posts

Welcome back Effi. Ready for action? I've got no open trades at the mo so I'll prob wait now for MOnday. See ya then
Dave

#750
Oct 12, 2007 7:37am Oct 12, 2007 7:37am

effilang
| Commercial User | Joined Nov 2006 | 1,013 Posts

I've been having some net problems, but hope to be back up today.

Thanx for the WB.

Catch you guys round.

E. Lang

"One Grows Tall After Walking Through A Forest Of Tall Trees."

#751
Oct 12, 2007 8:36am Oct 12, 2007 8:36am

Gnat
Joined Jun 2007 | Status: Unconventionable Conventionist | 2,768 Posts

Welcome back Effi!

#752
Oct 12, 2007 9:14am Oct 12, 2007 9:14am

effilang
| Commercial User | Joined Nov 2006 | 1,013 Posts

Thanx man!

Glad to see folks were keeping the thread alive!

After i closed last month, i took a break and haven't been trading as much this month. Dispite that we're still up 600+ for this month, so we'll definately be meeting my 1000 PIP per 22 days minimum.

I'm probably going to be minimizing things down to just GBP/JPY and EUR/JPY on here here when i start posting againt next week, so i can have some more time to myself, cuz keeping those trades updated was very time consuming lol.

Catch y'all round.