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EMA 25-50 Trading System (Detailed)

  • #901
  • Oct 22, 2007 6:06pm Oct 22, 2007 6:06pm
I understand, thanks.
Just discovered this thread — it seems you're doing grand things. Thanks for your generous postings.
  • #902
  • Oct 22, 2007 6:51pm Oct 22, 2007 6:51pm
USDCAD

Entry @ 0.9810

SL @ 0.9730 (2XATR(100))


1st TP - half position @ 0.9870

2nd half - trailing stop manually.

is it right?


here is the chart
Attached Image
  • #903
  • Oct 22, 2007 9:11pm Oct 22, 2007 9:11pm
Effi!!!!!!

You are killing me!!!!!
I am missing all your calls!!!!
Any plans to post daily calls????
Early mornings or evenings (EST)????

Lol...am i asking for tooo much???? It is just that I am frustrated seeing all those pips flying away every time I log in and see your posts!!!


  • #904
  • Oct 22, 2007 9:46pm Oct 22, 2007 9:46pm
Quoting alcastro
Effi!!!!!!

You are killing me!!!!!
I am missing all your calls!!!!
Any plans to post daily calls????
Early mornings or evenings (EST)????

Lol...am i asking for tooo much???? It is just that I am frustrated seeing all those pips flying away every time I log in and see your posts!!!


I agree, I miss every call. Some daily am or pm signals would be great.

-clayboy
  • #905
  • Oct 22, 2007 9:47pm Oct 22, 2007 9:47pm
Hi everyone,

I've been reading through the posts here for several days. Very impressive results, and thanks to effilang for taking the time to share this system and post his trade calls. Missed thr GBP/JPY call earlier today - little thing called "work" interfered - but I did catch the GBP/USD. Up about 25 pips at the moment.

Effi, I know you said that your trade posts are from a different system, but I wanted to see if I'm getting the hang of your 25/50 on the 4-hour/5 minute charts. Right now I'm looking at the USD/JPY as a possible short at about 114.25, with a stop above thr 114.65 area. The setup, as I'm seeing it, is an overbought stochs on the 4-hour chart, crossing and turning down right now, and the RSI below 50. Does this look about right to you for a short on the 5 minute chart here, or am I way off? Thanks for the help.

Perry
  • #906
  • Oct 22, 2007 10:20pm Oct 22, 2007 10:20pm
I'm kinda confused as to why you're putting out calls that aren't based off of the 2550 system. It's kinda misleading to the people here.

I am grateful for the 2550 system in itself... put me up 14% in 2 weeks risking .5% a trade. Nice little addition to my tooset, BUT... these calls that are without method should be in a separate thread... This just screams, 'come to my paysite' to me...

Sorry Effi, but the calls without the reason why you're taking them seem a little OT for the thread.

Sorry if I've offended anyone, but I bet I'm not the only one confused / frustrated with the calls.
  • #907
  • Oct 22, 2007 10:22pm Oct 22, 2007 10:22pm
Quoting mamutot
USDCAD

Entry @ 0.9810

SL @ 0.9730 (2XATR(100))


1st TP - half position @ 0.9870

2nd half - trailing stop manually.

is it right?


here is the chart
Mamutot,

I don't mean to answer for effi, but for whatever it might be worth, I think you're right on the entry for the 4-hour chart. A close above the 50 EMA and the next candle opening above it. And RSI above 50. It does look like you may have picked the high of the first candle above the 50 EMA as your entry. My understanding is that the open of the next candle would be the entry, as long as it is still above the 50 EMA.

The only thing that spooked me about entering any of the signals I saw earlier today on the 4-hour charts were those really long candles. I kind of suspected some retracement, as it often seems to happen after a big move up or down. That appears to be happening now. But still, I was tempted to jump on a couple of those signals earlier.

Perry
  • #908
  • Oct 22, 2007 11:58pm Oct 22, 2007 11:58pm
Quoting PTodd
My understanding is that the open of the next candle would be the entry, as long as it is still above the 50 EMA.
well - i entered where you see because i wasnt near to put the order right on the close, and it wasnt too far so i entered eventhough it was 5-7 pips higher..

hope that answers..i surely didnt wait for the next candle to close.

Michael
  • #909
  • Oct 23, 2007 1:07am Oct 23, 2007 1:07am
Quoting PTodd
Mamutot,

I don't mean to answer for effi, but for whatever it might be worth, I think you're right on the entry for the 4-hour chart. A close above the 50 EMA and the next candle opening above it. And RSI above 50. It does look like you may have picked the high of the first candle above the 50 EMA as your entry. My understanding is that the open of the next candle would be the entry, as long as it is still above the 50 EMA.

The only thing that spooked me about entering any of the signals I saw earlier today on the 4-hour charts were those really long candles. I kind of suspected some retracement, as it often seems to happen after a big move up or down. That appears to be happening now. But still, I was tempted to jump on a couple of those signals earlier.

Perry
Oh, no Please, by all means if you know the answer to something do answer it lol, i can use the help.

Much appreciated man!
Regards,

E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #910
  • Oct 23, 2007 1:07am Oct 23, 2007 1:07am

GBP/JPY Long

ENTRY: 232.45

SL: 230.74


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

TRIGGERED

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

Intraday

T1: 25 - HIT
T2: 50 - HIT

Swing

T1: 100 - HIT
T2: 150 - Live
T3: 200 - Live

"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #911
  • Oct 23, 2007 1:09am Oct 23, 2007 1:09am
I can't be bothered to manage this trade so i'm closing it out at a measley +20

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #912
  • Oct 23, 2007 1:18am Oct 23, 2007 1:18am

GBP/JPY Long

ENTRY: 232.45

SL: 230.74


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

TRIGGERED

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

Intraday

T1: 25 - HIT
T2: 50 - HIT

Swing

T1: 100 - HIT
T2: 150 - Live
T3: 200 - Live

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

COMMENTS

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

If your traget is Swing T1 exit, otherwise Manual trail to 232.54 and get ready for management at Swing T2.

Regards.
E. Lang

"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #913
  • Oct 23, 2007 1:20am Oct 23, 2007 1:20am
Quoting effilang

GBP/JPY Long







ENTRY: 232.45




SL: 230.74





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




TRIGGERED




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



Intraday


T1: 25 - HIT
T2: 50 - HIT


Swing


T1: 100 - HIT
T2: 150 - Live
T3: 200 - Live

I followed your signal and I opened it too! Let's see how it goes! Waiting for your comments! Thanks!
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #914
  • Oct 23, 2007 1:23am Oct 23, 2007 1:23am
"See how it goes" lol ?

By all standards it's gone pretty darn well to hit 150 PIPS
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #915
  • Oct 23, 2007 1:31am Oct 23, 2007 1:31am
Quoting effilang
"See how it goes" lol ?

By all standards it's gone pretty darn well to hit 150 PIPS
It's just my way to keep it cool! It doesn't mean that I don't like it!
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #916
  • Oct 23, 2007 1:42am Oct 23, 2007 1:42am
GBP/JPY closed at +116 corrective break on 5 Minute Chart. (233.66)

I'm out for today.

Made enough lol.

Catch you round guys n girls
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #917
  • Oct 23, 2007 1:47am Oct 23, 2007 1:47am
Shorts are good under 232.72
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #918
  • Oct 23, 2007 2:12am Oct 23, 2007 2:12am

GBP/JPY
---------------------
SCALP
----------------------
Entry: Market (Apprx. 233.37)
SL: 30 PIPS

Ok, i'm really going away now.

Bye

"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #919
  • Edited 5:27am Oct 23, 2007 2:17am | Edited 5:27am

GBP/JPY Short

ENTRY: 232.70
SL: 233.70

Target: 231.70

--------------------
CLOSED | -100
--------------------

"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #920
  • Oct 23, 2007 5:26am Oct 23, 2007 5:26am
How not cool!

Started the moth off with a loss. :surprised

Actualy i lied, this was the second trade for the new month (after 22nd) - so we're still positive by a trivial amount.

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