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EMA 25-50 Trading System (Detailed)

  • #1,681
  • Apr 30, 2008 10:11pm Apr 30, 2008 10:11pm
Quoting Kristo
I have also been trading this system on the daily tf. Attached is a daily chart showing usd/chf and a trade I am in at the moment. There could be some action over the next day or so. On the daily tf the results have been pretty good so far, just that signals are not that frequent. Has anyone else tried the daily tf?


Looks good. that's why I do intraday, everyday there is trade possability, unless there is nothing pushing the market. If not and there is a continued trend then I will show what I do to get in on a reload.
  • #1,682
  • Apr 30, 2008 10:17pm Apr 30, 2008 10:17pm
Quoting B@by trader
is there any ebook on the new idea?

Not that I'm aware of. I had been working with a friend on a similar but more complex system and I just stream lined it a bit.

maybe Effi or one of the other members may know of one.
  • #1,683
  • Apr 30, 2008 10:23pm Apr 30, 2008 10:23pm
thanks for the info, i guess google has everthing!!!!

when do you do most of your trading and do you have a favorite pair, or do you look around for any and all trades???
  • #1,684
  • Apr 30, 2008 10:37pm Apr 30, 2008 10:37pm
Quoting mtrmth
thanks for the info, i guess google has everthing!!!!

when do you do most of your trading and do you have a favorite pair, or do you look around for any and all trades???
I prefer the gbp/usd mostly, but I watch the eur/jpy and the eur/usd also. I have found that most of my signals come in a few hours before the London open. the G/U goes almost dead around 0500gmt and waits for 0700gmt. Personally, I only do London, and New York only if I have to.
  • #1,685
  • Apr 30, 2008 10:44pm Apr 30, 2008 10:44pm
thanks tech. i was leaning towards changing my sleep habits, guess it would be a good idea. if you trade the gbp/usd, why not trade the gbp/jpy, or is that too scary??
  • #1,686
  • May 1, 2008 4:27am May 1, 2008 4:27am
Personally the gbp/jpy is more volatile than the eur/jpy and the gbp/jpy has a larger spread(usually 7-8 pips compared to 3-4 for the e/j). I don't like giving my broker anymore money than I have to.
  • #1,687
  • May 1, 2008 4:33am May 1, 2008 4:33am
As the chart shows I got in short on the e/j @ 162.01 and closed @ 161.47. I could have gone more but I was happy with 54 and I haven't been feeling well for the whole week so I cut out early. Hope this helps.
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  • #1,688
  • May 1, 2008 9:42am May 1, 2008 9:42am
Quoting techtrader10
Looks good. that's why I do intraday, everyday there is trade possability, unless there is nothing pushing the market. If not and there is a continued trend then I will show what I do to get in on a reload.
I am still trading the 25/50 on the 4hr unchanged, but find the daily works well. This one I am in on the usd/chf is working out nicely so far. You are having good success on other timeframes as well which is great Tech. I am glad this thread has come alive again!

K
If there is ever any doubt then there is no doubt.
  • #1,689
  • May 1, 2008 10:07am May 1, 2008 10:07am
I still recommend folks read this: http://www.forexfactory.com/showthread.php?t=67190

(PRICE ACTION)
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,690
  • May 1, 2008 12:27pm May 1, 2008 12:27pm
Quoting Kristo
I am still trading the 25/50 on the 4hr unchanged, but find the daily works well. This one I am in on the usd/chf is working out nicely so far. You are having good success on other timeframes as well which is great Tech. I am glad this thread has come alive again!

K

It's nice to hear that working the higher timeframes are working out for you. One thing I always recommend is to stick with what works for that person. I've tried others systems and found they didn't work for me, then I started doing this one to see what would happen and I've stuck with it since. The great part about these two systems is that there is little difference between them. The diverse view points to be looked at and discussed makes this one of the best threads.
  • #1,691
  • May 1, 2008 12:33pm May 1, 2008 12:33pm
Quoting effilang
I still recommend folks read this: http://www.forexfactory.com/showthread.php?t=67190

(PRICE ACTION)
I checked it out, and I must say I have never found another place to find a better explanation of price action. I really like the amount of detail you put in it. Thanks for posting the link.
  • #1,692
  • May 2, 2008 12:21am May 2, 2008 12:21am
hey tech, how do you have your chart setup. it looks like you have 3 ema's and your stoch is 5,3,3. does your chart setup your horizontal lines??? or do you figure them each day??? i use rsi on 10 and macd.

i am still trying to get the rules down and i do not know if it is because we have no real direction in the market or i just need a little more time to get it down correctly.

rules so far: entry
long: 25 above 50 ema, close above 50 ema, stoch and rsi above 50, macd positive. exit when rsi crosses 70 going back down.

short: opposite as above.

try this and see if it needs tweaking or it is good for me, i like to have other people check my work. thanks
  • #1,693
  • May 2, 2008 5:18am May 2, 2008 5:18am
Quoting mtrmth
hey tech, how do you have your chart setup. it looks like you have 3 ema's and your stoch is 5,3,3. does your chart setup your horizontal lines??? or do you figure them each day??? i use rsi on 10 and macd.

i am still trying to get the rules down and i do not know if it is because we have no real direction in the market or i just need a little more time to get it down correctly.

rules so far: entry
long: 25 above 50 ema, close above 50 ema, stoch and rsi above 50, macd positive. exit when rsi crosses 70 going back down.

short: opposite as above.

try this and see if it needs tweaking or it is good for me, i like to have other people check my work. thanks
The system that you are speaking of is Effi's system. I don't use the 25/50 emas or rsi and macd. Maybe Effi or one of the other members can help you with that. My system is the 21/55 with stochs 8,3,3 and pivot points.

As far as the pivot points I use,here is a link for it. This is for MT.

http://www.fxstreet.com/forum/showthread.php?t=1547

I hope this helps.
  • #1,694
  • May 2, 2008 8:19am May 2, 2008 8:19am
ok, i will look it over and see if it speaks to me. we can still compare strategies though. much appreciated on the help.
  • #1,695
  • May 2, 2008 9:03am May 2, 2008 9:03am
Quoting mtrmth
ok, i will look it over and see if it speaks to me. we can still compare strategies though. much appreciated on the help.
Your quite welcome. I'd be happy to discuss strategies with you or anyone else anytime. Good luck with your trading.


This trade was a nice piece of luck considering the Halifax report was worse than expected. I think the chart is pretty well self explanitory so I won't bore anyone, except I forgot to mark in my s/l which was at 1.9770 just below the 55 or 50 (which ever you want to use). I really couldn't figure out why it did this, I saw nothing come over the news about it. It was a nice 59 pip move.
Attached Image (click to enlarge)
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  • #1,696
  • May 2, 2008 9:52am May 2, 2008 9:52am
looks like you wait until the candle closes above the 50 and then you get in the next candle. am i right???
  • #1,697
  • Edited 5:43pm May 3, 2008 1:15pm | Edited 5:43pm
Quoting mtrmth
looks like you wait until the candle closes above the 50 and then you get in the next candle. am i right???
Not quite. With the 200 ema in the position near the C.P. I wanted to wait for a close above. I have found through this system that if the 200 is on the side of the 55(50), and the price passes it then it goes for the 200 (to the pip)before it stalls and continues or turns around. So in this case I wanted to wait for a close above the C.P. and 200ema before I got in. Once that happened I knew price action was in my favor for a nice long position. The signal I used was to wait for the price to go two pips above for a new high and got in. In another thread about the 200 ema system the explain how a break of the 200 ema is a powerful price action area. If there is a candle that closes past the 200 then hold on for a nice ride in the direction of the close. Check out the thread for details. Read post #6.

http://www.forexfactory.com/showthread.php?t=66749

when the cross is caught this early then the move will be a good one if you see the length of the 21. A 25 ema will show the same results just a little farther away (not by much). This is why Effilang's 25/50 system is worth a try. It is virtually the same as the one I use. The only difference is that I am more conservative and wait for a cross to confirm the move.

As you can see in this chart 12, if the cross is not confirmed then you could be easily be stopped out as chart 13 shows. If a cross is confirmed then you don't have to worry about capital preservation and the probability of the price action working in your favor dramatically increases.

I hope this answers your question.
Attached Image(s) (click to enlarge)
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  • #1,698
  • May 4, 2008 12:56pm May 4, 2008 12:56pm
Hello Techtrader,

Thank you for your great posts. What TFs are you trading?
Are you using any alerts?
Do you trade only the confirmed by price cross of the 200 EMA trades?

Thanks for your reply

Regards
  • #1,699
  • May 4, 2008 10:29pm May 4, 2008 10:29pm
Quoting Pluto2
Hello Techtrader,

Thank you for your great posts. What TFs are you trading?
Are you using any alerts?
Do you trade only the confirmed by price cross of the 200 EMA trades?

Thanks for your reply

Regards
Your quite welcome Pluto. I do the actual trades on a 15 min. TF but I also use the 4h and daily for other information I had posted earlier.

In this case I did wait for a confirmed price cross to enter. With the pivot and 200 ema so close it made for a strong support area.

I'm happy to help.
  • #1,700
  • May 5, 2008 12:37am May 5, 2008 12:37am
not sure if i am seeing your chart coeerctly, but i am guessing that the 200 ema is the green line???
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