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EMA 25-50 Trading System (Detailed)

  • #1,441
  • Dec 14, 2007 6:20pm Dec 14, 2007 6:20pm
Quoting Gmoney
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
Hi Gmoney...NP everyone is here to help each other. We have just had a rash of people lately that are too lazy to read the thread and want to be spoon fed.

This system works extremely well on the 4H and D1 chart. I have tried it on the 1H chart with not near as much success. In the thread Effi explains the use of a 4H chart and a 5M chart for entry only.

Before I found this thread I was a 5M and 15M trader. It took a little while to get comfortable on the larger TF as I tend to be a chart watcher when real money is on the line.

Once you get used to it, it is really nice to have free time to do other things and still make money.

Take the time to read the entire thread. It took me about 3 days to finish. Do not pay any attention to the COW DUNG that the NAY SAYERS sling.... it's only jealousy rearing it's ugly head.

It's been a money maker for me and many others.

Hope this answers your questions.

MG
  • #1,442
  • Dec 15, 2007 2:08am Dec 15, 2007 2:08am
Hallo effi and all other trader.
Sincerely thanks effi for sharing your sistem.



---------
Effi did ypu receiv a contact request prom me on skype?

---------


Good trading to all
  • #1,443
  • Dec 15, 2007 4:50am Dec 15, 2007 4:50am
Great video effi
Gave me the enthusiasm to make my own compulation of music on that site
Favourites of the 60s,70,and 80s
Brings back happy memories
keep up the good work on your tips
  • #1,444
  • Dec 15, 2007 7:00am Dec 15, 2007 7:00am
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
great video !
Twitter: @forexpokerpro
  • #1,445
  • Dec 16, 2007 3:58am Dec 16, 2007 3:58am
Nice Video
  • #1,446
  • Dec 16, 2007 8:44am Dec 16, 2007 8:44am
Hello Effi and other traders.

Here I Attach a chart of GBPUSD daily:
- the nex open candle will be under 50 EMA
- the RSI in under 50
- the Stoch is crossing in down direction
+
- the Bollinger Bands is also in down position.


I thing he is go down at least for 50 or 100 pips. Only some news can cancel and destroy that what I think.
What are you Effi think about that, is here a good sell signal?


Thank you all for your commentary!



-----
Sorry for my poor english!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-daily.gif Size: 26 KB
  • #1,447
  • Dec 16, 2007 4:49pm Dec 16, 2007 4:49pm
okay morfeo, i'll take this one on. First off, re-read the system rules on page 1. The stochastics are used for EXITS, not entries. Bollinger Bands aren't even mentioned, and in your scenario if anything they are showing a bounce UP off the lower band. You've got the RSI right, it should be under 50 if you're going to go short. Your candle signal is way off though. Count 13 bars back and you'll see the candle that first crossed below the 50 signaling the entry. Your current candle is WAY below the 50. Remember, you want a candle to open above the 50ema and then close below it. That is your signal. If RSI then confirms by being below 50, you go short. That is all. Set a stop that is 1-2 x ATR, manage your money accordingly and watch to see if a candle crosses the 50ema again in the opposite direction, in which case you would manually close the trade and possibly re-enter in the opposite direction if the conditions are right. Once your trade is +50 pips in profit, take half your money off the table, move your stop to break even and let the rest ride. When the stochs cross against you, you close the trade.
  • #1,448
  • Dec 16, 2007 5:01pm Dec 16, 2007 5:01pm
Quoting Repipula
okay morfeo, i'll take this one on. First off, re-read the system rules on page 1. The stochastics are used for EXITS, not entries. Bollinger Bands aren't even mentioned, and in your scenario if anything they are showing a bounce UP off the lower band. You've got the RSI right, it should be under 50 if you're going to go short. Your candle signal is way off though.
Spot on....good answer Rep.

MG
  • #1,449
  • Dec 16, 2007 6:07pm Dec 16, 2007 6:07pm
Matrixxdg & Repipula

Correct me if i am wrong but don't you have to wait for the candle to open and close below the 50ema. Then you would enter on the open of the next candle. According to the first page of this thread that is what i have read.

Thanks,
Gmoney
  • #1,450
  • Dec 16, 2007 6:11pm Dec 16, 2007 6:11pm
you need to read the whole thread to find this out. it is confusing a little bit on the first page, but it has been clarified that we are looking for a candle to CROSS the 50ema. it opens above and closes below or vice versa.
  • #1,451
  • Dec 16, 2007 6:19pm Dec 16, 2007 6:19pm
Thanks Rep for the clarification. Do you only use the 4H TF as indicated in the earlier posts or have you found other TF working well?

Gmoney
  • #1,452
  • Dec 16, 2007 6:57pm Dec 16, 2007 6:57pm
I like the 4H because the stops aren't as big and the signals come more often. however, effi has said that using this system on the daily is very powerful.
  • #1,453
  • Dec 16, 2007 7:04pm Dec 16, 2007 7:04pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2550 trade.gif Size: 27 KB


Hey guys,

Would i be correct to say this is a correct entry for a short.

Gmoney
  • #1,454
  • Dec 16, 2007 7:18pm Dec 16, 2007 7:18pm
lol, i hope you're right 'cuz I took this trade six hours ago! my stop is at 164.40. I'm watching it close and will probably close it before I go to bed. right now it's hanging out at about breakeven... the 25-50, put to the test...
  • #1,455
  • Dec 16, 2007 7:24pm Dec 16, 2007 7:24pm
lol...well i guess the good news is that we are on the same page. Lets hope this works out. What was your entry price?
  • #1,456
  • Dec 16, 2007 7:30pm Dec 16, 2007 7:30pm
Quoting Repipula
lol, i hope you're right 'cuz I took this trade six hours ago! my stop is at 164.40. I'm watching it close and will probably close it before I go to bed. right now it's hanging out at about breakeven... the 25-50, put to the test...
Hi Rep...What broker are you using? I would love to be trading at 12Noon on a Sunday. My broker does not open up till 17:00 EST

MG
  • #1,457
  • Dec 16, 2007 7:31pm Dec 16, 2007 7:31pm
163.40

will close out before bed because I don't want any nasty London surprises when I wake up to start my Monday off
  • #1,458
  • Dec 16, 2007 7:33pm Dec 16, 2007 7:33pm
oanda lets you trade 24/7, but the spreads are higher from 4:00pm friday to 8:00 pm sunday, eastern time. I saw the set-up this afternoon from the Friday close and liked it, so I ate the 10 point spread. It was up +20 before the market technically opened, but now it's back to break-even status
  • #1,459
  • Dec 16, 2007 11:32pm Dec 16, 2007 11:32pm
Quoting Repipula
oanda lets you trade 24/7, but the spreads are higher from 4:00pm friday to 8:00 pm sunday, eastern time. I saw the set-up this afternoon from the Friday close and liked it, so I ate the 10 point spread. It was up +20 before the market technically opened, but now it's back to break-even status
Cool...Thanks... I am with MB Trading/EFX Group. I love there spreads for the most part, but I hate there constant up and down twice a day for account maintenance. Sometimes your platform comes back up sometimes not.

Maybe it's time to open a second account somewhere.

Thanks..MG
  • #1,460
  • Dec 16, 2007 11:40pm Dec 16, 2007 11:40pm
Matrixx,

Do you use MT4 for your charting? I was thinking of opening an account with MB Trader also as i have heard good things about them. However, after playing with MT4 for a while i think it would be best to use a broker that MT4 uses. Anyone have any opinions as to the best broker to use with MT4?

Gmoney
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