EMA 25-50 Trading System (Detailed)

thanks man !

Guys, lets lock in +140:

****Change your Manual Trailing Point (MTP) from 229.00 to 226.95

Keep holding short till further notice.

Overall today: +800 (Fully locked) +300 (140 locked)

Regards,
E. Lang

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

ENTRY: 228.34
------------------

Downside targets:

S2: 226.48

Discretionary: 225.60

S3: 221.91

Discretionary: 209.29

ULTIMATE TARGET: 186.52 >> 184.38

Hi Effi,

When u say discretionary, is that level a suggested re-entry? Please advise...

rsbgm

No they are just TP levels based on my own personal analysis.

If you are looking fore Re-Entry points after i've posted a signal, then thats every time i post a new MTP.

Regards
E. Lang

Thanks... Looking forward to another MTP... LOL...

rsbgm

lets lock in another 30 (+140, +30)

****Change your Manual Trailing Point (MTP) from 226.95 to 226.65

Keep holding short till further notice.

Overall today: +800 (Fully locked) +327 (170 locked)

Regards,
E. Lang

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

ENTRY: 228.34
------------------

Downside targets:

S2: 226.48

Discretionary: 225.60

S3: 221.91

Discretionary: 209.29

ULTIMATE TARGET: 186.52 >> 184.38

Stopped out at MTP.

Profit +170 +800

Hi Effi,

Any thoughts on which way the g/j is heading.

Thanks,

Correcting at the moment for a possible 180 to 400 pips.

Regards,
E. Lang

---------------------
Reentry at: 225.00 >> PENDING
------------------------

TARGETS:

Initial 50 Pips

Discretionary: 225.60

S3: 221.91

Discretionary: 209.29

ULTIMATE TARGET: 186.52 >> 184.38

http://img204.imageshack.us/img204/7...iggeredgf3.jpg

225.00http://www.giftlaw.com/images/down_arrow.gif

I have been looking at Oanda's charts just now, and their DAILY bars end at 5:00pm est. On the aud/nzd pair and the eur/cad pair, price is going to close past the 50ema, so I've entered the trades for both. both had ATR(100) of about 100 pips so I set a stop loss of 200 pips on each. So now what I'd like to confirm is this - I let the trade run to +50 pips profit and then take 1/2 off the table, move stop to b/e and let the rest run. If the trade goes the wrong way, it could take out my stop. HOWEVER, if the next daily candle closes the opposite direction and re-crosses the 50ema, but doesn't hit my stop, I will close out the trade manually and re-enter in the opposite direction? And I will keep doing this until the whipsaws end, expecting one of them to finally be the big winner that runs and runs, correct?

correct? >> Yup pretty much
------------------

Initial target of 50 Pips is hit guys, you can either cash out, move to B/E or MT your SL with me as the trade progresses.

We've raped the market today lol.

Regards,
E. Lang

and now I'm realizing I've made a mistake about the close time for Oanda!
it looks like 11:00pm is the start of the new bar. but my questions still remain...
(let's hope I don't get a pull-back above the 50ema!)

Lets place a SL at 226.61 for now.

The trade is +80

Regards,
E. Lang

Greedy little fingers.....

Great job for this amazing ride!

Greetz!
Gnat

Hi Effi,

In one of your first posts you said you could use the 4H chart combined with the 5M chart. If 4H was oversold/bought and was hooking you could look at thr 5M chart to see if there was a 25-50 entry.
What if the 1D is at its extremeties and starting to hook? Can you go to 1H chart to look for an entry or do you have another suggestion?

Looking forward to your answer.

Greenpips

Never tried that, the same principle should work just as well though.

Deng, did u mean long the GJ 225.00? Thought was re-entry on your previous short that's going all the way to 184.00? Or, am i confused? ... Pleas advise...