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Strategy to take safe pips every day

  • #1
  • First Post: Nov 9, 2007 7:50am Nov 9, 2007 7:50am
I want to share with u an nice Strategie where u can make safe pips during the day, it need much observation of charts but its really nice.

its very simple 1.st take a chart f.e. Eur/JPY

5 Minutes

EMA 10, EMA 20

Candle Stick

so the emaīs show u the trend, donīt trade against the trend...

dont trade if the candles touch the ema10

long setup:

wait for an up candle in between the trend and wait for the next candle if the next candle startet to be negativ, then there is a resistance to break upper the candle.

Wait till the negative candle is finished and then u can go long 1 pip over the long candle, set stop on the low of the up candle, and wait for some pips. take your profit when u see a next resitance...

i trade this since many mounth with an winner rate of 85%, sometimes i take only 5 pips but its enough... becos its a very safe way of trading.

sometimes u need patience that excatly this situation is coming...

follow only the rules. and u will see
  • #2
  • Nov 9, 2007 7:51am Nov 9, 2007 7:51am
oh the short setup is exactly the other way... ;-)
  • #3
  • Nov 9, 2007 8:08am Nov 9, 2007 8:08am
Hi thanks for the system.
I have one simple question.
1.Do you use the 5 min TF to dertemine your trend or you usually use the higher timeframe.

2. If a candlestick touches the 10 Ema do you enter in the next candlestick.
Thank you
  • #4
  • Nov 9, 2007 8:38am Nov 9, 2007 8:38am
For the trend 5 min. too...

u can use it in different time frames but i prefer to go in the market and fast out...

for long u need a green candle that not touch the ema10, and after that a red candle that dont touch the ema 10 then in the next candle u can go in the market if it is green and 1 pip higher then the high from last 2 candles
  • #5
  • Nov 9, 2007 8:40am Nov 9, 2007 8:40am
just now i take 20 pips in usd jen without waitung for a green candle short
  • #6
  • Nov 9, 2007 8:42am Nov 9, 2007 8:42am
excatly now is a new situation in usd Yen maybe some can make a sreenshot and post it i am in the market right now ... now a new situation maybe comes in eur usd
  • #7
  • Nov 9, 2007 8:55am Nov 9, 2007 8:55am
Hello i want to share with u a "really work strategie"

1. u need a Chart f.e. USD JPY
2. put it on 5 Minute (its possible in different ones)
3. put a EMA 10, and an EMA 20 into your Chart

long setup

look for ema10 and 20, ema10 must be over ema20

wait for a up-candle that dont touch the ema10,

then wait for next resistance and for a down candle when the downcandle is finished than u can go long 1 or 2 pip over the high from the 2 candles before.

short setup is exactly the opposite.

set stop high or low from two candles before

i hope now the strategie is in the right forum, for strategies now---
  • #8
  • Nov 9, 2007 9:08am Nov 9, 2007 9:08am
i forget to say, i trade this for a lot of month and its 85% positive trades
sometimes only a few pips like 5 or 8 but it works nearly everytime
  • #9
  • Nov 9, 2007 9:09am Nov 9, 2007 9:09am
Quoting toto4444
I want to share with u an nice Strategie where u can make safe pips during the day, it need much observation of charts but its really nice.

its very simple 1.st take a chart f.e. Eur/JPY

5 Minutes

EMA 10, EMA 20

Candle Stick

so the emaīs show u the trend, donīt trade against the trend...

dont trade if the candles touch the ema10

long setup:

wait for an up candle in between the trend and wait for the next candle if the next candle startet to be negativ, then there is a resistance to break upper the candle.

Wait till the negative candle is finished and then u can go long 1 pip over the long candle, set stop on the low of the up candle, and wait for some pips. take your profit when u see a next resitance...

i trade this since many mounth with an winner rate of 85%, sometimes i take only 5 pips but its enough... becos its a very safe way of trading.

sometimes u need patience that excatly this situation is coming...

follow only the rules. and u will see
Your system is way tooo easy!! Forex isnīt easy bro.
Trainee at UBS Investment Banking
  • #10
  • Nov 9, 2007 9:16am Nov 9, 2007 9:16am
but it works thats the main thing... its a little difficult to find situations like this, u need patience a little bit but it works...

i trading since 9 years and i find out that the easy ways mostly are the best...
  • #11
  • Nov 9, 2007 9:19am Nov 9, 2007 9:19am
often i found only 2 trades a day, but it makes me 15 or more safe pips...
  • #12
  • Nov 9, 2007 11:41am Nov 9, 2007 11:41am
Can you share some charts with us?
  • #13
  • Nov 9, 2007 12:55pm Nov 9, 2007 12:55pm
here is one chart

and some short entrys, i hope u can see it
Attached Image (click to enlarge)
Click to Enlarge Name: Neues Bild (1).png Size: 213 KB
  • #14
  • Nov 9, 2007 12:57pm Nov 9, 2007 12:57pm
my arrows are not submitted sorry, but u can see in the middle that the price is going down, 1 pip below after every green bars low is one entry.
  • #15
  • Nov 9, 2007 1:16pm Nov 9, 2007 1:16pm
Quoting toto4444
here is one chart

and some short entrys, i hope u can see it
Hey,

What is the software that creates that histogram for you?

Much appreciated!
  • #16
  • Edited Nov 10, 2007 6:34am Nov 9, 2007 1:39pm | Edited Nov 10, 2007 6:34am
Quoting toto4444
Hello i want to share with u a "really work strategie"

1. u need a Chart f.e. USD JPY
2. put it on 5 Minute (its possible in different ones)
3. put a EMA 10, and an EMA 20 into your Chart

long setup

look for ema10 and 20, ema10 must be over ema20

wait for a up-candle that dont touch the ema10,

then wait for next resistance and for a down candle when the downcandle is finished than u can go long 1 or 2 pip over the high from the 2 candles before.

short setup is exactly the opposite.

set stop high or low from two candles before

i hope now the strategie is in the right forum, for strategies now---

Once you see the resistance candle, does the very next candle have to break the high/low? Can it be two or three candles later?
Thanks
  • #17
  • Nov 10, 2007 6:09am Nov 10, 2007 6:09am
if its two candles later its ok too, but important is than non of these candles touch the ema 10

the programm is prorealtime.com its a very nice chart system, they programm for u for free everything that u need to make your strategie
  • #18
  • Nov 12, 2007 7:58am Nov 12, 2007 7:58am
Quoting toto4444
if its two candles later its ok too, but important is than non of these candles touch the ema 10

the programm is prorealtime.com its a very nice chart system, they programm for u for free everything that u need to make your strategie
Hi
i have some few querries on this system
1. What if the tail touches the ema10 but not the body of the candlestick,will you take the deal?

2. I could request you to post a chart with arrows to explain that you enter here,this candlestick is one pip below or above the previous one.
I'll appreciate your response.
  • #19
  • Nov 12, 2007 10:55am Nov 12, 2007 10:55am
I looked over some charts this morning and this is a good system.
I just made a little on a yen trade using this.
Thanks.
  • #20
  • Nov 12, 2007 11:04am Nov 12, 2007 11:04am
no problem, its a relly nice system to take some small moves, and if u want to take the long moves safe too, than u take your stop with in the direction, every candle set your stop new in the winning direction...
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