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Attachments: EMA 25-50 Trading System (Detailed)
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EMA 25-50 Trading System (Detailed)

  • #1,121
  • Nov 5, 2007 4:44am Nov 5, 2007 4:44am

---------------------
Triggered
---------------------

"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,122
  • Nov 5, 2007 6:47am Nov 5, 2007 6:47am
after 4h candle will close on nzd\usd will be a signal. pull back from 50ema !

(25|50 system signal )
  • #1,123
  • Nov 5, 2007 6:40pm Nov 5, 2007 6:40pm
Quoting effilang

GBP/JPY Short (Daily)



Entry: 237.37
SL: 240.35


---------------------
PENDING
---------------------


As always with trades that require a wide SL due to the TF of application, reduce your lot size respectably to maintain a standard loss ratio.


If the trade goes our way we will pile lots on correction on minor time frames.


hi effilang
where could i found this system that creats this signals?



Regards
  • #1,124
  • Nov 5, 2007 8:59pm Nov 5, 2007 8:59pm
long time watcher first time poster....

looking for advice on gbp/jpy
Daily - pin bar
4hr - re-entry signal 25/50 (break above 25ema and close above = long re-entry)
1hr - new 25/50 entry signal (break above 50ema = long entry)

any thoughts.... thanks people
  • #1,125
  • Nov 5, 2007 9:28pm Nov 5, 2007 9:28pm
Quoting 4newbie
after 4h candle will close on nzd\usd will be a signal. pull back from 50ema !

(25|50 system signal )
so i gained 47 pips !

thanks effilang for ur system
  • #1,126
  • Nov 6, 2007 11:37am Nov 6, 2007 11:37am
Effi......

where you gone mate....

need to keep this great thread going.....

dont let it die..i still ready to learn from good traders !!!!

Rye
  • #1,127
  • Nov 6, 2007 2:43pm Nov 6, 2007 2:43pm
Quoting 4newbie
so i gained 47 pips !

thanks effilang for ur system
I was monitoring that trade after you posted the signal to see how it went.

I was glad to note you would have made a profit on it if you really did enter.

Thank you.

-----------

Rye!

I'm still here dude! - i'm just really busy with Santa and the dwarves, trying to wrap a few presents for Chrissy for y'all (FREE)

Alas! My absence will be justified! - lol

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,128
  • Nov 7, 2007 2:43am Nov 7, 2007 2:43am

Here is a short summary on the consolidative range we've had on this pair the past few days.

Candlesticks are the language of the market.
Think of each candlestick pattern as the individual letter in an alphabet, the more you learn, the more words you can read and the more vivid becomes the story before you.

http://img210.imageshack.us/img210/410/cd1eg7.jpg

http://img210.imageshack.us/img210/7639/cd2tt3.jpg

http://img214.imageshack.us/img214/5600/cd3bk5.jpg

http://img214.imageshack.us/img214/3028/cd4dv7.jpg

http://img340.imageshack.us/img340/5332/cd5se9.jpg

Regards.
E. Lang

"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,129
  • Nov 7, 2007 2:56am Nov 7, 2007 2:56am
From what is evident by the candles, the bulls and the bears were officially silly slapping each other back n forth for the past few days trying to knock each other out in a grueling battle for power and public embarrassment

We are bearish for now and our short trade should develop nicely if this sentiment persists.

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,130
  • Nov 7, 2007 4:05am Nov 7, 2007 4:05am

UPDATE:

GBP/JPY Short (Daily)



Entry: 237.37
SL: 240.35


---------------------
TRIGGERED
---------------------

I will specify manual trailing points for this position as they occur on lower time frames so you can MT your SL.

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,131
  • Nov 7, 2007 5:17am Nov 7, 2007 5:17am
Quoting effilang

UPDATE:



GBP/JPY Short (Daily)




Entry: 237.37


SL: 240.35



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


TRIGGERED
---------------------


I will specify manual trailing points for this position as they occur on lower time frames so you can MT your SL.


Regards,
E. Lang


Effilang,

I've been following your thread from start to finish just recently. I like your system and have put it to test on my live account, up +75 pips after 3 trades on the GBP/JPY.

Correct me if I am wrong, but there was also just a short signle on the 4H 2550 system?

Entry 237.33

Regards,

Tim R.
  • #1,132
  • Nov 7, 2007 6:29am Nov 7, 2007 6:29am
Quoting effilang
I was monitoring that trade after you posted the signal to see how it went.

I was glad to note you would have made a profit on it if you really did enter.

Thank you.

E. Lang
Hey dude !

I'am trading on live account with ur system so i really made this trade and many others trades with ur system already



  • #1,133
  • Nov 7, 2007 6:44am Nov 7, 2007 6:44am
Entry at 237.33 on 4H not looking so good. Price seems to be playing around the 50 EMA. If Price closes above the 50 EMA on the 4H, we would reverse our position correct?
  • #1,134
  • Nov 7, 2007 6:59am Nov 7, 2007 6:59am
Use a pair with a moderate spread and good volatility like the EUR/JPY.

When a reverse signal appears take it otherwise let your SL do the work.

Intra-trade management: When you hit 20-25 or 30-35 Pips close 50% of your position and move the remainder to B/E

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,135
  • Nov 7, 2007 7:14am Nov 7, 2007 7:14am
Quoting effilang
Use a pair with a moderate spread and good volatility like the EUR/JPY.

When a reverse signal appears take it otherwise let your SL do the work.

Intra-trade management: When you hit 20-25 or 30-35 Pips close 50% of your position and move the remainder to B/E

Regards,
E. Lang

On the 4H 2550 system, the 4 hour candle has not closed above the 50 EMA as of yet, however it is above it. Do you reverse your position prematurely here, or wait for the close of the 4H candle above the 50 EMA which is about 2 hours from now.

The trick is determining whether or not to close your position prematurely and reverse even though the 4 hour candle has not yet closed.
  • #1,136
  • Nov 7, 2007 7:15am Nov 7, 2007 7:15am
Quoting effilang

UPDATE:



GBP/JPY Short (Daily)




Entry: 237.37


SL: 240.35



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


TRIGGERED
---------------------


I will specify manual trailing points for this position as they occur on lower time frames so you can MT your SL.


Regards,
E. Lang



Can you clear something up for me...

?with the above trade does price have to just pass thru or does it have to close on a particular tf thru the set price?

sorry for being dense or if ive missed this point in the thread somewheres

Rye
  • #1,137
  • Nov 7, 2007 7:23am Nov 7, 2007 7:23am
Realtime violation, no close required.

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,138
  • Nov 7, 2007 8:14am Nov 7, 2007 8:14am
Quoting effilang
Realtime violation, no close required.

Regards,
E. Lang
of course i knew that already !!!??!!

cheers

Rye
  • #1,139
  • Nov 7, 2007 1:37pm Nov 7, 2007 1:37pm
Happy Birthday to Mee... ba-da ba da ba daaaaaaa!! ba-da dee dee da-da dooo dooo, bada ba da ba dooooo!

"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,140
  • Nov 7, 2007 1:55pm Nov 7, 2007 1:55pm
Quoting effilang
Happy Birthday to Mee... ba-da ba da ba daaaaaaa!! ba-da dee dee da-da dooo dooo, bada ba da ba dooooo!

Tadaaaaa! Tadaaaa!

Happy Birthday and keep up the good work!!

All the best from northern Germermany !!

Gnat
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