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  • #121
  • Jan 31, 2008 6:05am Jan 31, 2008 6:05am
nice
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  • #122
  • Jan 31, 2008 6:08am Jan 31, 2008 6:08am
Teb
ok lets say the 1hr has just opened below the 200ema and now all 3 TF are in line (4hr, 1hr and 15min)
on the 15 min chart the market is a long way off the 200 ema
do we now put up the fractals and we are now selling into the lows (or just below that)?
cheers
  • #123
  • Jan 31, 2008 6:08am Jan 31, 2008 6:08am
double nice
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  • #124
  • Edited 9:29am Jan 31, 2008 6:24am | Edited 9:29am
...hit 208.50?

nope, stopped out
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  • #125
  • Jan 31, 2008 2:42pm Jan 31, 2008 2:42pm
Quoting croesesFX
Teb
ok lets say the 1hr has just opened below the 200ema and now all 3 TF are in line (4hr, 1hr and 15min)
on the 15 min chart the market is a long way off the 200 ema
do we now put up the fractals and we are now selling into the lows (or just below that)?
cheers

not sure I understand what you mean

the 4 & 1 hour are over the 200ema
so now the action is on the 15 min right
it is below the 200ema... its bucking the trend
70-80% of the time price return to the trend
you could simple place a bet here & win most of the time

we want to increase the odds
we do that by waiting for a break in the down trend on the 15 min
we do that by the 1.2.3 or a TL break
(TL break on the 15 would not be that strong in my mind I would rather at least the hour for a TLbreak)
also the Fractal can get you in trouble - they are a tool but you need a strong hi or Low some times
they are weak ones!)

I hope that helps

TEB
  • #126
  • Jan 31, 2008 9:23pm Jan 31, 2008 9:23pm
Hi TEB,

Thats right, 5M in & out or move up to the 15M, 30M, 1H & 4H. Then 15M in & out. EMA's are always on one of my screens, but they are not the core of my trading model. In times past I use the 200EMA just as you are doing now on MTF's. A fellow trader that I trained with yrs ago is a disciple of the EMA's & is very good @ trading them. With this method there is only one EMA that you are concerned with as opposed to some method using 2,3 & 4 MA lines. As I type this I am viewing the $/CHF & starting on the 5M & going on to the 1Day you will see just what your trying to do........PRICE has crossed down on all TF's. Now on the 5M tf you are starting to see it crossing back up & over the 200EMA, but LOOK @ the SLOPE OF THE 200EMA........IT IS DOWN. Now look @ the FIBS when using this method & they SHOULD help avoid the losers. On this particular trade & probably on most starting with the 15M & progressing on to the 30M, 1H & even the 4H
just might be better. At this time on this pair it would have been better.

THIS NOT A 100% ACCURATE METHOD AS NONE ARE, BUT ITS DOABLE.
I HAVE NOT TRADED USING MA's IN QUITE SOMETIME, BUT WHEN I DID
THEY WORKED JUST FINE. A QUOTE COMES TO MIND @ THIS TIME.

"THE HOLY GRAIL IS NOT THE METHOD TRADED, BUT THE TRADER"


ACETRADER
  • #127
  • Jan 31, 2008 11:01pm Jan 31, 2008 11:01pm
Quoting TEB63
not sure I understand what you mean

the 4 & 1 hour are over the 200ema
so now the action is on the 15 min right
it is below the 200ema... its bucking the trend
70-80% of the time price return to the trend
you could simple place a bet here & win most of the time

we want to increase the odds
we do that by waiting for a break in the down trend on the 15 min
we do that by the 1.2.3 or a TL break
(TL break on the 15 would not be that strong in my mind I would rather at least the hour for a TLbreak)
also the Fractal can get you in trouble - they are a tool but you need a strong hi or Low some times
they are weak ones!)

I hope that helps

TEB
Teb
thanks for reply
ok market is above 200ema on 4 hr and 1hr
now to the 15 min we are waiting for the market to close above the 200ema and enter our trade, right?
cheers
  • #128
  • Edited 1:44am Feb 1, 2008 1:34am | Edited 1:44am
Quoting croesesFX
Teb
thanks for reply
ok market is above 200ema on 4 hr and 1hr
now to the 15 min we are waiting for the market to close above the 200ema and enter our trade, right?
cheers

well,,,, you can do it that way & that is the true old 200 ema system
and its the safest way.
the problem is when price crosses the 200ema it normally takes off and makes a big move up.
so what I do is try to get in before it crosses the 200ema on the lowest time frame
I look to get in before it crosses the 200 with a swing break (or a trendline break)
back with the higher chart trends

teb
  • #129
  • Feb 1, 2008 1:41am Feb 1, 2008 1:41am
Quoting TEB63
well,,,, you can do it that way & that is the true old 200 ema system
and its the safest way.
the problem is when price crosses 200 it normally takes off and takes a big move up.
so what I do is try to get in before it crosses the 200ema
I look to get in before it crosses the 200 with a swing break (or a trendline break)
back with the higher trends

teb
cheers Teb
will start trading this Monday
think today with the news will not see the real benefit for this system
thanks
  • #130
  • Feb 3, 2008 7:35pm Feb 3, 2008 7:35pm
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teb
  • #131
  • Feb 3, 2008 8:44pm Feb 3, 2008 8:44pm
Quoting TEB63
Attachment

teb
Teb, Where's the 123 pattern on that one?
  • #132
  • Feb 6, 2008 12:02pm Feb 6, 2008 12:02pm
Quoting billbss
Teb, Where's the 123 pattern on that one?

sorry billbss
I missed your post
go back to where the 0 & the 100 are
I know there are some fr. between
but I didn't see them as important hi & lows
I believe this worked well
I got the 1 target & stopped on on the 2nd or was it the 3rd?

cheers

teb
  • #133
  • Feb 6, 2008 12:08pm Feb 6, 2008 12:08pm
I love this system
its become my main one
trade way less but way better!
been years since I used it- I don't believe I ever did with forex.
I thought it would be to slow,
but the opp. is true.. because of the speed of fx it works great

you can "trap" & see the prey coming for miles away
and it keeps you out of most of the bad trades.

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If you missed the 1st in
there is a second buy sign on the big tail

TEB
  • #134
  • Feb 6, 2008 12:32pm Feb 6, 2008 12:32pm
oh

by the way there was an earlier sign ...
I missed it - I was not trading at the time

But it worked out great
would have taken out my 1st target

I saw it coming I just didn't get it

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teb
  • #135
  • Feb 6, 2008 1:03pm Feb 6, 2008 1:03pm
I love 4x
a second chance at the better price
I missed before

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TEB
  • #136
  • Feb 13, 2008 6:30am Feb 13, 2008 6:30am
Hey TEB

I'm learning a lot with this system! I like the simplicity of the MA's!

msac
  • #137
  • Feb 13, 2008 10:05am Feb 13, 2008 10:05am
I have a question if the 200ema acts like a magnet has have what has been suggested, will the price eventually go towards the 200ema again and if so what is the best timeframe to see that direction in.
The reason I ask is as an example looking now at the usd/jpy on a daily chart the price needs to go up to reach the 200ema but on a 1h chart the price needs to go down, please anyone explain?
respect
Tom(uk)
  • #138
  • Feb 13, 2008 10:18am Feb 13, 2008 10:18am
Quoting booktimes
I have a question if the 200ema acts like a magnet has have what has been suggested, will the price eventually go towards the 200ema again and if so what is the best timeframe to see that direction in.
The reason I ask is as an example looking now at the usd/jpy on a daily chart the price needs to go up to reach the 200ema but on a 1h chart the price needs to go down, please anyone explain?
respect
Tom(uk)

I don't see it as a magnet ...rather the most important referance point on the chart. and so when it comes into play you tend to get big moves because it .

Because of the bull/brears thing - if price bounces off the 200ema the winning side sees that as a reason to add to their trades and so then price takes off.

If price breaks the 200ema you normally gets a lot of stop losses hit and so price really moves that way -
and now the other side also see this as a time to get in
-so again moves even more .

its not magic just the market.

teb
  • #139
  • Feb 13, 2008 10:21am Feb 13, 2008 10:21am
so which is best tf to look at it in, ?
  • #140
  • Feb 13, 2008 1:50pm Feb 13, 2008 1:50pm
well there really isn't an answer to that question
other then with all things in trading esp. in 4X
the higher the time frame the more powerful the sign

teb
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