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Great system easy to use!

  • #81
  • Mar 2, 2007 9:34am Mar 2, 2007 9:34am
waiting on the long its still going down!!!
trading on demo is not trading
  • #82
  • Mar 2, 2007 9:36am Mar 2, 2007 9:36am
Thanks Enzo for a great system! I have made some pips on GbpJpy with the help of it today. However, I dont quite get what do you mean by all time low for this pair? It is definetely not all time low according to my charts.
Thanks again for your help and advice!
  • #83
  • Mar 2, 2007 9:37am Mar 2, 2007 9:37am
Quoting enzo2325
Hope you guys saw these trades! Its a great time to go long on gbp/jpy. It passed its all time low of 228. Take the trade and ride it. Sometime I trade like this. I find the all time low or high and once its reached I place my trade. You will get an enormous amount of pips on this trade. Because it could retrace 100-200pips. Might not happen today but maybe on sunday or monday. IM going long!
All time low? My charts say all time low was 129.32 back in 1995.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #84
  • Mar 2, 2007 9:38am Mar 2, 2007 9:38am
yeah excuse me for that. I meant this was the low of last July.
trading on demo is not trading
  • #85
  • Mar 2, 2007 9:39am Mar 2, 2007 9:39am
next big low would be 221.22
trading on demo is not trading
  • #86
  • Mar 2, 2007 9:39am Mar 2, 2007 9:39am
Thanks everyone, for the help on the MACD.

pipsacker
  • #87
  • Mar 2, 2007 10:51am Mar 2, 2007 10:51am
Quoting enzo2325
Hey everyone!

I just wanted to post my system here and have everyone see how easy it is and can allow you to make really good money. You have to have patience and follow the signals. Stay away if the market is choppy. System works best from 12a.m. est- 10a.m. est

First you need 3 moving averages.

50 ema
100 ema
200 ema

Macd set at default which is 12, 26, 9

in an uptrend they will be stacked 50,100,200
downtrend the naturally will be 200, 100, 50

This is great because price always retraces to the ema's and bounces off. Once it passes one of them it usually tries to make its way to the next ema and at times its 40-60 pips! unless the ema is sitting right on a fibo level then just wait for the close with the macd to confirm.

That's it! What you do is everytime you find the low and high. Draw a fibo from low to high. Price will always hit the fibos or bounce off the ema's. It works best on the 15 and 60 minute chart. When placing the Fibo's... It does not matter how many days, hours or minutes. If the price reaches a high point from a low point from 2 hours ago. Run a fibo and price will keep hitting it along with the emas. If price closes above or below an ema watch it carefully. Sometimes it will pierce through and go for the next ema or it will bounce off of it.

if you set up and look at your chart go back a couple of days and watch how price reacts to the emas. Also the macd is the main ingredient here. I only trade on the 15 and 60 min charts. I usually take the trade on the 15 when the macd has crossed and will watch the 60 min to confirm the movement. That's if I am being aggressive. When the 50 ema crosses over both of the others. This is considered a death cross. Keep it going in that same way it is crossing. It takes a lot to make it cross back all 3 again.

I have made over 1000 pips this month alone with this system. any questions please ask away
You say you use emas, what postion of the ema do you use(close, open, high or low). Also you mention that you use between the hours of 12am - 10am est. Did you mean 12PM and 10am? Thanks Tony
  • #88
  • Mar 2, 2007 2:19pm Mar 2, 2007 2:19pm
Yes those are the correct times. Excuse me when I type certain errors. IM usually trading different pairs and try to type as fast as possible because the gbp/jpy pair is so crazy that you can be up 40 pips and then 3 seconds later down 30.

I uise the close and open. If I see it cant close a couple pips above the ema then I will go short if the macd confirms that its going that way. You have to understand that I use everything together. Emas, fibo, macd, price. They all have to agree.
trading on demo is not trading
  • #89
  • Mar 2, 2007 2:32pm Mar 2, 2007 2:32pm
By looking at the charts above you should see what I mean how I use the emas and macd. It doesn't get any easier then this.
trading on demo is not trading
  • #90
  • Mar 3, 2007 11:05am Mar 3, 2007 11:05am
In post #77 you mentioned about ema 40. I am a bit confused as when to use ema 40 and what it has to do with ema 50.

Thanks in advance
  • #91
  • Mar 3, 2007 12:05pm Mar 3, 2007 12:05pm
Have 2 different charts one with each. one chart has 50ema 100 ema and 200ema

other chart has only 40 and 200 ema
trading on demo is not trading
  • #92
  • Mar 3, 2007 12:17pm Mar 3, 2007 12:17pm
Quoting enzo2325
Have 2 different charts one with each. one chart has 50ema 100 ema and 200ema

other chart has only 40 and 200 ema
But in your first post you never mention the 40 EMA? Is it that on GBPJPY only?
  • #93
  • Mar 3, 2007 3:38pm Mar 3, 2007 3:38pm
Quoting enzo2325
Here is another trade of mine from last night going for 84 pips. the 50 ema crossed down almost a death cross. Also macd crossed down so the trade was definately a good one.
Enzo,

when you are showing the charts, can you please inform the pair and the time frame?
Your charts are very useful, but it takes some time to discover your time frames.

By the way, great system
  • #94
  • Mar 3, 2007 8:31pm Mar 3, 2007 8:31pm
WhiteSand
But in your first post you never mention the 40 EMA? Is it that on GBPJPY only?


Have to change things all the time!! I was experimenting with the 40 and 200 only. Now I added it in. When you have a pair keep both charts up and see how price reacts to each one. You dont really need the 40 and the 200 ema chart. It's just a add on.
trading on demo is not trading
  • #95
  • Mar 4, 2007 10:05am Mar 4, 2007 10:05am
Quoting musicman007
Cheers for this bud. I will have a play and keep you informed. I have a similar system running on the 5 min chart that i picked up somewhere else on FF and it has really helped improve my win ratio to around 9:1 as long as i follow the signal.

I will go and set it up now ! Thanks again.

Have you got a link for the 5 mins system.

Thanks

Mart
----o00o--°(_)°--o00o----
  • #96
  • Mar 4, 2007 10:09am Mar 4, 2007 10:09am
I beleive he picked this up on the other forum where I was posting.

http://forexfactory.com/showthread.php?t=11939&page=502
trading on demo is not trading
  • #97
  • Mar 4, 2007 11:18am Mar 4, 2007 11:18am
Enzo,

This appears to be a perfect setup for this pair (Sunday, 3/04,11:00AM PST). The 1 hr is similar. My question is: Would you use the 5 min to confirm and enter once the 5 min MACD turned down, or would you wait until the 15 min MACD turned down? Thanks again for a great, and simple system.
"Loss and failure are inevitable but misery is optional"
  • #98
  • Mar 4, 2007 6:32pm Mar 4, 2007 6:32pm
hi enzo,

really appreciate what you've done here. thanks alot.

for the benefit of readers here, do you think you can post a few of your trades say after 5-15 minutes after you have confirmed it and most importantly have already entered into your broker's terminal? i think this can give your readers some confidence but most importantly they'll be able to see from their terminal what you see in yours. there could be a slight difference in data from the various brokers. the confirmation from your terminal could signal a trade but theirs have not.

i know this is quite a bit of an asking but we could be on our way after say 2-3 of posting your "real" time trades here

wilson.
  • #99
  • Mar 5, 2007 9:08am Mar 5, 2007 9:08am
NO I will not do live trades.
trading on demo is not trading
  • #100
  • Mar 5, 2007 11:29am Mar 5, 2007 11:29am
Quoting enzo2325
NO I will not do live trades.

he he ofcourse...
the cross trading looks so easy when ,one look at the charts..but trading the crosses in the moment seems a bit different
StopLoss is for none belivers... Trust the Gurus..
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