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EMA 25-50 Trading System (Detailed)

  • #1,321
  • Nov 28, 2007 7:50pm Nov 28, 2007 7:50pm
Hi Lang,
Thanks for your prompt response.
I send you email via effilang @yahoo.com but it bounce back.
Could u give address i can send email to?
Thanks

Phoenix
  • #1,322
  • Nov 28, 2007 7:59pm Nov 28, 2007 7:59pm
Sure: [email protected]
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,323
  • Nov 28, 2007 8:01pm Nov 28, 2007 8:01pm
Hi Effi,

Was it a part of your consideration on your short signal earlier the fact that the daily candle opened 1 pip lower than yesterday's close? Did you see that as a retracement signal from yesterday's up run?

ADB
Think BIG!
  • #1,324
  • Nov 28, 2007 8:09pm Nov 28, 2007 8:09pm
I honestly haven't even switched to the daily charts today.

I closed because we had a break of the immediate consolidation highs.
The candles exhibited a lack of momentum to the downside.

And considering that we are in an uptrend i'm more liable to cut off my positions aggressively than let them run.

The overall aim is to catch the larger movements in the direction of the trend; the impulses, not the corrections.

Hopefully now should a break of 229.28 occur we will have the start of a new impulse confirmed with immediate upside targets at R1: 230.67 and from what i can see 50% of the previous movement on D1 at ~231.59 following.

From a birds-eye view it is troubling that price is trading at this level from a bearish perspective. Closes on the daily candle above 226.40 could inspire attempts at 241.27

On the downside breaks below 228.00 will resume the fall.

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,325
  • Nov 28, 2007 8:15pm Nov 28, 2007 8:15pm
Thanks
Think BIG!
  • #1,326
  • Nov 28, 2007 9:56pm Nov 28, 2007 9:56pm
Quoting effilang
....................

- Trading is a war, but as a trader you have the fortune of avoiding it until it's fought out and then picking a side to support once the win is evident.

In the same way, do not jump handicapped into a range and loose your money. Wait for the winners to emerge, then just piggyback.

And remember that even when the predominant side is evident, someone might drop a nuke in 5 minutes.

- Be alert.

- Never marry your trading scenario. Once you enter a position and have a target, do NOT expect the price to kindly oblige. You must adapt to the changes in the market and move with the sway.
..................
Very profound. Thank you for your insight. I wish I had this kinda insight when I was 21 ??

Have you written a book? If not, you should.

Thanks for all you do.

MG
  • #1,327
  • Nov 29, 2007 12:14am Nov 29, 2007 12:14am
Thanx!

I get the book thing all the time. I might actually consider it when i have more time
-------

Break of 228.00. You can short with SL a la trade #92

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,328
  • Nov 29, 2007 12:29am Nov 29, 2007 12:29am
If we're lucky enough we may have a nice 600 Pip fall, if not just 200 and in the worst case of course we get stopped out.

Price seems to have capped out at 38.2 on D1 for now and the rally we had in the past 2 days has relieved the oversold condition we had on oscillators since the drop from 241.31.

Now that things are overbought again we should have new sellers come in comfortably.

I'm hoping should this scenario work out that this will be the final attempt in driving the price through the lows and reestablishing the longterm fall. We still have a big Head and Shoulders to complete on the W1 chart.

We will see if the market compliments our decision.

Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,329
  • Nov 29, 2007 12:35am Nov 29, 2007 12:35am
Quoting effilang
Thanx!

I get the book thing all the time. I might actually consider it when i have more time
-------

Break of 228.00. You can short with SL a la trade #92

Regards,
E. Lang
So would 228.00 be the entry, what would be a good threshold through 228 for an entry. same SL?
  • #1,330
  • Nov 29, 2007 12:42am Nov 29, 2007 12:42am
Quoting kreeper_6
So would 228.00 be the entry, what would be a good threshold through 228 for an entry. same SL?

You just quoted the answer to your question...

http://www.jubailforums.com/vb35/ima...spacecraft.gif

Good night everyone.

Best of all.
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,331
  • Nov 29, 2007 12:43am Nov 29, 2007 12:43am
Quoting effilang
You just quoted the answer to your question...

Good night everyone.

Best of all.
E. Lang
Thanks...
  • #1,332
  • Nov 29, 2007 2:01am Nov 29, 2007 2:01am
i donīt understand how you decide the trade 92. your stop loss was very huge, and you only decide to take +12 profit. why? i think your risk-reward with this trade was really bad.

sorry if i am confused, but i didnīt understand this last trade specially when i think the price was good for your trade and you would be able to take more profit.

thanks
  • #1,333
  • Nov 29, 2007 2:04am Nov 29, 2007 2:04am
Quoting iberforex
i donīt understand how you decide the trade 92. your stop loss was very huge, and you only decide to take +12 profit. why? i think your risk-reward with this trade was really bad.

sorry if i am confused, but i didnīt understand this last trade specially when i think the price was good for your trade and you would be able to take more profit.

thanks
He answered that question already, and it was his preference. he already gave another entry signal that is currently in 80+ profits...
  • #1,334
  • Nov 29, 2007 2:22am Nov 29, 2007 2:22am
Quoting kreeper_6
He answered that question already, and it was his preference. he already gave another entry signal that is currently in 80+ profits...
what signal? because i donīt see the #93 signal in that thread, so what is the signal that you say that is +80?

thanks
  • #1,335
  • Nov 29, 2007 2:25am Nov 29, 2007 2:25am
Quoting effilang
Thanx!

I get the book thing all the time. I might actually consider it when i have more time
-------

Break of 228.00. You can short with SL a la trade #92

Regards,
E. Lang
this one
  • #1,336
  • Nov 29, 2007 3:04am Nov 29, 2007 3:04am
hi iber hope u still around ,like to know how the thread and signals had been. just a newbie on the thread and cld see a lot of signals made already.thanks man hoping for reply
  • #1,337
  • Nov 29, 2007 5:44am Nov 29, 2007 5:44am
Quoting iberforex
i donīt understand how you decide the trade 92. your stop loss was very huge, and you only decide to take +12 profit. why? i think your risk-reward with this trade was really bad.

sorry if i am confused, but i didnīt understand this last trade specially when i think the price was good for your trade and you would be able to take more profit.

thanks
If you don't like it don't trade it.

I'm sure there are many other threads you can follow.

E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,338
  • Nov 29, 2007 5:45am Nov 29, 2007 5:45am
Quoting rasaqdayo
hi iber hope u still around ,like to know how the thread and signals had been. just a newbie on the thread and cld see a lot of signals made already.thanks man hoping for reply
If you want to know how they have been read the thread, don't ask someone else about it who has 7 posts.

E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,339
  • Nov 29, 2007 5:50am Nov 29, 2007 5:50am
Quoting effilang
If you want to know how they have been read the thread, don't ask someone else about it who has 7 posts.

E. Lang
Are they for real??
  • #1,340
  • Nov 29, 2007 5:53am Nov 29, 2007 5:53am
I just don't know anymore Gnat, but i've got a pretty good idea of what to do.....


http://www.jubailforums.com/vb35/ima...ilies/wave.gif .............http://www.jubailforums.com/vb35/ima...es/gun_nep.gif



OR we could just:



http://www.jubailforums.com/vb35/ima...un_bandana.gif
http://www.jubailforums.com/vb35/ima...un_bandana.gif http://www.jubailforums.com/vb35/ima.../woot_jump.gif
"One Grows Tall After Walking Through A Forest Of Tall Trees."
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