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EMA 25-50 Trading System (Detailed)

  • #1,421
  • Dec 11, 2007 8:03pm Dec 11, 2007 8:03pm
Quoting fiveshorts
I just wish i could get it right just once. Just to prove to myself that all this pain is worth it. Most trades go against me. Most my stops are hit. Account is going down the pan. I'm not a stupid person. I follow these threads like everyone else, I do my homework, read my Pring and Nison, but somehow the karma is unbalanced and the market senses my need to succeed... You guys make it seem so easy. Always celebrating. I envy you.

Sorry for the rant.
PM me.
  • #1,422
  • Dec 11, 2007 8:33pm Dec 11, 2007 8:33pm
Hi Effilang, Ryecatcher, Matrixxdg,

I'm sorry for the earlier self-pity. Thanks for your supportive words; much appreciated.

This is my 10th month at trading. I know that's not long in the scheme of things, but I've been doing my slog on the learning front pretty much full time for all of that. I've tried various systems, sure, but not so much the blackbox stuff, more the ones that still call for an understanding of price action. I don't want to be told when to buy and when to sell, i want to be able to see the signs for myself. I don't want a translator; I want to be able to speak the language.

Obviously human nature, human greed, impatience, second-guessing, fear etc etc etc are as present in my trading as they are with most newcomers but I've been proactively working on all those hinderances as best I can.

It's just that even when I isolate my trading down to just one pair on a 4hr chart -- nice and slow -- and do all my support, resistance, pivot, PA, TA voodoo to it, taking what feels like so much care to consider the bigger trend and the history and the apparent mood of the market, my entry almost always turns out to be at some reversal point or stall or shakeout, hitting my stop or driving me to kill the trade in the face of obvious negation of my reasons for entering.

I believe I employ good MM. I devoured the Ryan Jones book on Fixed Ratio MM and built a spreadsheet for myself to avoid losing the plot. Yet my $10k account is now down to $7800. ( made myself stay on demo for the first 8months).

It's just crazy. Obviously, I know the market has no idea that I exist, but it sure feels like it has a personal vendetta against me.

Thanks for your patience.
  • #1,423
  • Dec 11, 2007 11:49pm Dec 11, 2007 11:49pm
No back to reality. I took the trade with a limit order @ 228.40. It triggered this morning and I just closed it out with 332 profit.



Hello Matrixx,

you did great profit today,
but i was wonderring if it was by using effi's 25/50
or you have a personal modified system or strategy that you follow

thks a lot
  • #1,424
  • Dec 12, 2007 1:55am Dec 12, 2007 1:55am
Quoting fiveshorts
Hi Effilang, Ryecatcher, Matrixxdg,

I'm sorry for the earlier self-pity. Thanks for your supportive words; much appreciated.

This is my 10th month at trading. I know that's not long in the scheme of things, but I've been doing my slog on the learning front pretty much full time for all of that. I've tried various systems, sure, but not so much the blackbox stuff, more the ones that still call for an understanding of price action. I don't want to be told when to buy and when to sell, i want to be able to see the signs for myself. I don't want a translator; I want to be able to speak the language.

Obviously human nature, human greed, impatience, second-guessing, fear etc etc etc are as present in my trading as they are with most newcomers but I've been proactively working on all those hinderances as best I can.

It's just that even when I isolate my trading down to just one pair on a 4hr chart -- nice and slow -- and do all my support, resistance, pivot, PA, TA voodoo to it, taking what feels like so much care to consider the bigger trend and the history and the apparent mood of the market, my entry almost always turns out to be at some reversal point or stall or shakeout, hitting my stop or driving me to kill the trade in the face of obvious negation of my reasons for entering.

I believe I employ good MM. I devoured the Ryan Jones book on Fixed Ratio MM and built a spreadsheet for myself to avoid losing the plot. Yet my $10k account is now down to $7800. ( made myself stay on demo for the first 8months).

It's just crazy. Obviously, I know the market has no idea that I exist, but it sure feels like it has a personal vendetta against me.

Thanks for your patience.
We all go through phases when it seems the market is against us and no matter what we do we are always on the wrong side of the market.

Having said that december is not the best month to trade. So take that into account. Some currencies behave rather weird over xmas.

But hang in there. Demo for a while till you get your confidence back. And then go live again. But i suggest you dont do live till then

Best of luck
  • #1,425
  • Dec 12, 2007 11:46am Dec 12, 2007 11:46am
Hi Fiveshorts,

I am exactly where you are. I'm ready to give up. Almost! Good to have more positive input from Effi and others.

To those who have won - We need the success stories to hang in there so please send us more of them.

Romeo
  • #1,426
  • Dec 12, 2007 2:22pm Dec 12, 2007 2:22pm
Quoting anti-pip
Hello Matrixx,

you did great profit today,
but i was wonderring if it was by using effi's 25/50
or you have a personal modified system or strategy that you follow

thks a lot
Hi Anti-pip, Well a combination of Effi's 25-50, basic support and resistance, and a splattering of candlesticks which I do not know very well yet.

MG
  • #1,427
  • Dec 12, 2007 6:04pm Dec 12, 2007 6:04pm

http://img214.imageshack.us/img214/2...wsignalwn2.jpg

#95

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

GBP/JPY http://www.giftlaw.com/images/down_arrow.gif

Entry: 228.90

SL: 230.30

-------------------------
TRADE RISK: Low
-----------------------------



"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,428
  • Dec 12, 2007 6:08pm Dec 12, 2007 6:08pm

http://img204.imageshack.us/img204/7...iggeredgf3.jpg
#95
--------------------------------------

TP 1: 227.50
TP 2: 225.40

"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,429
  • Dec 12, 2007 10:38pm Dec 12, 2007 10:38pm
wheres the running pip total? you had it a few weeks ago?? thxs
  • #1,430
  • Dec 12, 2007 11:30pm Dec 12, 2007 11:30pm
effilang gets an A for creativity for the signs.
  • #1,431
  • Dec 12, 2007 11:38pm Dec 12, 2007 11:38pm
Quoting tdion
effilang gets an A for creativity for the signs.
And results! Thanks Effi.
  • #1,432
  • Dec 13, 2007 5:15pm Dec 13, 2007 5:15pm
Hey effilang,

I have been following this thread for a little bit however i am not to sure about your last trade #95. When i look at my charts around the time you posted this setup i do not see the price opening or closing below the 50EMA @ 228.90. Could you please post a chart here for that entry. It would be greatly appreciated.

G money
  • #1,433
  • Dec 13, 2007 5:20pm Dec 13, 2007 5:20pm
Quoting Gmoney
Hey effilang,

I have been following this thread for a little bit however i am not to sure about your last trade #95. When i look at my charts around the time you posted this setup i do not see the price opening or closing below the 50EMA @ 228.90. Could you please post a chart here for that entry. It would be greatly appreciated.

G money
Hi GMoney,
Some trades that Effi posts, like the one you are asking about, are free trades that he posts based another system he teaches. They are free gratis on his part and if you will please read the entire thread you will see they are spot on about 98% of the time.

I do not mean to speak for Effi here, but this question has been answered numerous times in the thread. Since this appears to be your first post...
welcome to the thread.

My 2 cents.

MG
  • #1,434
  • Dec 13, 2007 5:48pm Dec 13, 2007 5:48pm
Quoting Matrixxdg
Hi GMoney,
Some trades that Effi posts, like the one you are asking about, are free trades that he posts based another system he teaches. They are free gratis on his part and if you will please read the entire thread you will see they are spot on about 98% of the time.

I do not mean to speak for Effi here, but this question has been answered numerous times in the thread. Since this appears to be your first post...
welcome to the thread.

My 2 cents.

MG
You were faster on that Matrix! And this time the question was nice and free of BS.
  • #1,435
  • Dec 13, 2007 5:54pm Dec 13, 2007 5:54pm
Gnat,

Thanks for the reply. Yes i know he posts his different system here also but he will usually put in the title that this is a bonus trade. That is the reason for my confusion. So i guess the answer to my question is that this trade is not for the 2550 system. Speaking of the 2550 system how is it working out for all and or is anyone still using it?

Gmoney
  • #1,436
  • Dec 13, 2007 5:55pm Dec 13, 2007 5:55pm
My apologizes Thank you Matrixxdg
  • #1,437
  • Dec 13, 2007 6:04pm Dec 13, 2007 6:04pm
Quoting Gmoney
Gnat,

Thanks for the reply. Yes i know he posts his different system here also but he will usually put in the title that this is a bonus trade. That is the reason for my confusion. So i guess the answer to my question is that this trade is not for the 2550 system. Speaking of the 2550 system how is it working out for all and or is anyone still using it?

Gmoney
Hey Gmoney!

The system is working fine - it needs some training and understanding, but it really puts out nice trades. Learn to catch the grove of the different pairs and it could be the only thing you need.
And on that part mentioned above you are right - this time there was no hint on the system, but Effi will only point out now, as I understand, when he USES the 2550. If he uses something else, it will say "nothing".
I hope you have a some good trading and a nice weekend!

Good Night from Old Europe!
Gnat
  • #1,438
  • Dec 13, 2007 6:15pm Dec 13, 2007 6:15pm
Gnat,

Thanks for post. I will definitely try to trade the 2550 system on my demo account to get a feel for it. Another quick question if you don't mind. I know that you are suppose to trade this using the H4. How well does it work on the smaller time frames 1H, 30m etc. Or should i just stick to the 4H time frame?

Gmoney
  • #1,439
  • Dec 14, 2007 3:23pm Dec 14, 2007 3:23pm
Hope i'm not breaking any forum laws by posting this here, it's just very entertaining lol: Ben Bernanke, Every Breath You Take

Have a great weekend and Happy Holidays to everyone guys!!!

Warm Regards,
E. Lang
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,440
  • Dec 14, 2007 5:51pm Dec 14, 2007 5:51pm
Quoting effilang
Hope i'm not breaking any forum laws by posting this here, it's just very entertaining lol: Ben Bernanke, Every Breath You Take

Have a great weekend and Happy Holidays to everyone guys!!!

Warm Regards,
E. Lang
Destined to be a classic...great post Effi.

Have a Great Weekend all.
MG
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