Great system easy to use!

No I will not show live trades because I don't want people to trade what im trading. Most of the times they go my way but there are times I do loose. So this is not a signal service. PLus I dont have time to post my charts when Im trading. I dont want to get distracted and try to do too many things at once. Thats the reason.

lillelise,

If you doubt me or my system. You should not be in here.

sorry ..but ofcourse i doubt it..
i havent realy seen anything revolution yet...and no proof
but cant help reading the post/threads cause ,,who knows maby one day
i/you find something you can use.

just saying its always easy to look back and see what one should have done and when...

anyway was not the meaning tom affend you..and maby my english can be missunderstod

Already made more than 80 pips on Eur/Jpy today using your strategy, thats plus 10% to my account! Thanks againg for sharing!!!!

Well, you have the right to doubt. IM making pips and money. So I really do not care if you like this system or not. Others have told me they are making a lot of pips as well. So if you can't do it please feel free to try something else. But I do not need anyone coming on here and trying to go against me.

Anyway, Im sorry I have been a little bit away from the thread and not posting any charts. My brother was in town and I have been very busy. Havent really been trading that much either. Took two trades today and banked 110 pips and im still long on usd/jpy right now up 49.6 pips at the moment. I will be back posting charts maybe on Wednesday. Have a good Night!

good for you....lol

thanks enzo for starting this thread. I ve just read all the postings and have a few questions.

When you say you look at the MACD to confirm the signals, what do you look for in it? when it crosses?

When the price approaches the 50 EMA, do you place an entry order on the other side of it, that way of it goes through it, then it is going to go to the 100 EMA?

Sorry if I may seem not to understand, I'm just not quite sure when to enter and exit the market, and what sort of stop losses to use, especially with the gbpjpy cross?

thanks very much.

enzo knows when the price bounce and so on...
fibo lines and so on..
if you look at the past charts..it seems easy just buy/sell when lines crossed,,,

Ok so here we have a 15 min chart. When we hit the low of 115.14. If you look at the Macd it was getting ready to cross up here. You should know always in the forex when price makes a huge run like this pair did and the gbp/jpy. its going to retrace really nicely. I have a pretty good eye for seeing when this stops and its getting ready to retrace.

So here when the macd crossed I went in and placed my trade to go long. The 5 min crossed before the 15. But the 15 is more reliable. So I drew a fibo from the high before this long run down to reach 115.14. Price passed the 50 ema (blue line) so I stayed in. If price would of come back down and close a couple of pips below the 50 ema I would have gotten out. But it kept going to reach the 100 ema (red line). So I knew then it would have to touich the 200 ema (orange line). Also the 50 ema crossed over the 100 ema. which is a half death cross. I still beleive we are long in this pair.

This is a chart with my other emas. Here I use a 40 and 200 ema. This also helps me in my trading because at time price will bounce off the 40 instead of the 50.

I will also post the 15 min chart so you can see how price was bouncing off the 40 ema. You have to watch all charts at time when trading because the emas are at different prices.

15 min chart here on gbp/usd. Price could not close above the 40 ema so it was a good move to stay short the whole time. If price were to close above then you should watch it carefully to see if it will come back down. It depends on your judgment. As for taking profit. I take profit when I feel like it. If the macd is crossed down I keep riding it.

thanks enzo, that was a great reply, cleared a few things up for me! cheers!

Thank you for sharing your system with us, Enzo.. Question-- which indicators do you find to be the most accurate, the 50/ 100/ 200 emas or the 40/200? Thanks again......

Both charts help me a lot. Its up to you...

Your very welcome

Thanks for sharing your strategy Enzo. About EMAs trading strategies, I found an interesting method here:

http://www.fxstreet.com/forum/showthread.php?t=440

It's called the Outsider and uses a 9-period EMA as reference point. The main idea of the method (using EMAs as reference points) is interesting.

Just my two cents...

i'll will comment about this system after i use it..

Can you post this without recommending another forum? Grab the attachment and share it with us here.

Thanks

Hi Enzo,
great and simple system Thanks for sharing it with us. You didn't post long time - I hope that you will be back!
Happy pipping to you.
Pluto2

Have you remember VWB, it uses moving average to entry a signal… this method is same in term of when the price moving away from EMA, it will remain that way until the trend finished, until the price exhausted with that trend and start the reversal. Anyway here is the file…

Enzo,

I just found this thread, read it and love the sounds of it. Basically using price as your main indicator.. besides Macd. Just wondering if you're still using this system as the thread died after that other system was posted..

You're in eastern standard time?? Me too, in Maine..

Thanks for posting this, trying it tonight!!