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34 EMA Trading Strategy for newbie's :)

  • #41
  • May 12, 2008 1:35am May 12, 2008 1:35am
Quoting scyang
What do you see on the eur/usd, 4H? Are you referring to a possible inverted head and shoulder?
http://img371.imageshack.us/img371/5615/eu120508yi7.gif

New candle open below the lines.
  • #42
  • May 12, 2008 2:08am May 12, 2008 2:08am
GBPJPY

if price is to continue going up..the immediate resistant is at ema200 on tf15!

still on d sideline at the moment..

pop
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  • #43
  • May 12, 2008 2:11am May 12, 2008 2:11am
Quoting popisdead
GBPJPY

if price is to continue going up..the immediate resistant is at ema200 on tf15!

still on d sideline at the moment..

pop
Yup.. I'm looking at my 1 hour EMA HI is at 201.71... so we are either going to contain... and push it back down.. or we are going to make a run back up to 202.63 / 203.94
  • #44
  • May 12, 2008 2:18am May 12, 2008 2:18am
Quoting VagyokC4
Yup.. I'm looking at my 1 hour EMA HI is at 201.71... so we are either going to contain... and push it back down.. or we are going to make a run back up to 202.63 / 203.94
price almost reached ema200 at 20212!

my idea is price will bouncing for sometimes..before making new moves..

pop
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  • #45
  • May 12, 2008 2:18am May 12, 2008 2:18am
look at USD/CHF at 4H
  • #46
  • May 12, 2008 2:28am May 12, 2008 2:28am
Quoting flizzoe
look at USD/CHF at 4H
I see double top.
Expected the unexpected
  • #47
  • May 12, 2008 3:40am May 12, 2008 3:40am
H1 just went LONG I look to the higher time frames for targets
H4 is at the EMA LOW...
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  • #48
  • May 12, 2008 10:34pm May 12, 2008 10:34pm
We have a SHORT signal on the M30
Attached Image (click to enlarge)
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  • #49
  • May 13, 2008 4:04am May 13, 2008 4:04am
News Spike contained by the channel...

FYI: The BLUE channel is the 15M EMA channel plotted on the 30M chart... the GREEN is the 30M EMA Channel
Attached Image (click to enlarge)
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  • #50
  • May 13, 2008 4:13am May 13, 2008 4:13am
Quoting VagyokC4
News Spike contained by the channel...

FYI: The BLUE channel is the 15M EMA channel plotted on the 30M chart... the GREEN is the 30M EMA Channel
Added positions on the GJ and GC at the top of the spike.
Still got my 2 charts set up with your 34 emas.... ;-)
  • #51
  • May 13, 2008 8:07am May 13, 2008 8:07am
just wants questionsto the master and followers of the system)

1)u open trade base on 1tf or must refer another tf?

2)Is it suite for all pairs?suggest the pair...
  • #52
  • May 13, 2008 2:52pm May 13, 2008 2:52pm
Quoting VagyokC4
Yes, all thanks go to Raghee Horner for such an awesome book. I cannot stress strongly enough this book should be a MUST READ for anyone new to trading and can be found here (http://www.raghee.com/EditModule.asp...etail&pID=1420).

It is a pretty quick read, so I recommend reading from cover-to-cover as she has a lot of great information that if you're just starting off, is an excellent resource.

With that said, I'd like to use this thread to explore in more detail just how a trading strategy can be constructed using the 34 EMA waves....
I have read Horner's book, and I am familiar with the Wave she wrote about. I trade the first 3 - 4 hours of the London session, and I do not leave positions open. My minimum daily goal is 20 - 30 pips. I trade using only trend lines and support and resistance. I will open another chart for the Wave. My goal is to be consistent, so I do not care how I do it.
  • #53
  • May 14, 2008 2:54am May 14, 2008 2:54am
I expect the E/U to go down to the support level of 1.53657 and possibly to the target area of 1.53125.
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  • #54
  • May 14, 2008 3:11am May 14, 2008 3:11am
Quoting B@by trader
just wants questionsto the master and followers of the system)

1)u open trade base on 1tf or must refer another tf?

2)Is it suite for all pairs?suggest the pair...
1) I look at multiple time frames.. 30/60/3H/4H/D... If a setup exists.. I make the trade.. so on a big move.. I'm in multiple times the same direction.. because the movement first starts on the lower time frames.. and moves through the upper time frames.. so one can have multiple trades open with the same move.. but on the different time frames..

2) I believe it will work on ANY MARKET...
  • #55
  • Edited 9:01am May 14, 2008 3:14am | Edited 9:01am
Quoting Dcb
I expect the E/U to go down to the support level of 1.53657 and possibly to the target area of 1.53125.
Yeah.. just looking at your chart.. it looks like the up movement was contained... and price should be heading down... keep in mind.. the higher time frames will yield more pips when the setup is there ...

But also be on the look out for the bull / bear traps... When we see you've been trapped... STOP & REVERSE with at least the same contract size as you just lost if not bigger
  • #56
  • May 14, 2008 10:49am May 14, 2008 10:49am
Hi,How long you got using it in real?
  • #57
  • May 15, 2008 12:07am May 15, 2008 12:07am
He's been using this for a while now.
He told me about it a bit ago.
He trades, successfully on a Standard account.

I'm sure he'll tell you more, but just figured a 1KT trader can vouch for his success with it for you.

Cheers !
  • #58
  • May 15, 2008 10:43pm May 15, 2008 10:43pm
Quoting Newbie
Hi,How long you got using it in real?
I first read about it in Jan 08.. started really using it a month or two later.. and now they are a permanent fixture on my charts

I just love how the different time frames give a road map to where price is going
  • #59
  • May 15, 2008 11:21pm May 15, 2008 11:21pm
Try going to www.forex-tsd.com and ask if someone there has any idea on how to translate eSignal indicator into MT4. That indicator seems like it has potential. It lines everything up for you. I trade a very similar system using CCI and MACD cross with waves. It clutters up the screen a little so lining up the colors like you do seems like a much better way to go. If you want me to post a screen shot over there for you, let me know.
  • #60
  • May 15, 2008 11:24pm May 15, 2008 11:24pm
Quoting TheDirtySerb
Try going to www.forex-tsd.com and ask if someone there has any idea on how to translate eSignal indicator into MT4. That indicator seems like it has potential. It lines everything up for you. I trade a very similar system using CCI and MACD cross with waves. It clutters up the screen a little so lining up the colors like you do seems like a much better way to go. If you want me to post a screen shot over there for you, let me know.
Feel free... if we can find a qualified programmer, please put then in touch with me and we will try to get some MT4 scripts together
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