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DislikedHi one and all
I think everyone knows this system had like a very very very hight kill rate
the last week I have played once again with the 60sma...Ignored
DislikedI wouldn't personally
esp. without the 1.2.3 break part of the system
I have found anything less them 5 mins very hard
(5 min, 15min, 1 hour or 5 min 1 hour, 4 hour)
& then ONLY with a strong trend on the last time frame
I have said the 200 ema is for trend only & it works very well
but its the enteries you make your money with
remember .
To win in the 4X you only need 1 set -up
1. A trend -- The 3 EMA
2. A tool -- The Fractals
3. A trigger -- 1.2.3 break
4. A target-- TEB Fibbs
cheers
tebIgnored
DislikedOk, well lets put this together with the last PDF file I uploaded (Simple 200 EMA Strat) and see if Teb is ok with it.
P.S. Teb, could you post a chart showing in detail what you look for, the setup, where you place your order around the trigger, etc.... marked on the chart. I think some people are not sure of what your seeing for the trade setup. (just trying to help)Thanks.
fxstIgnored
DislikedAs far as i understand, this system takes profit of small deviations from a solid trend. If 4h and 1h are above EMA200 and 15m is below, but 1h changes and crosses also below, it does mean the trend was not that solid. My setups only consider when 4h and 1h are clearly above or below, and they are not going to change soon. If any of 4h or 1h are close to EMA200 I just don't trade.Ignored
DislikedPerhaps, we could use a 5ema on the 4h tf, so if the 5ema is against the trend (200ema of 4h and 1h), then we don't trade short when the price on 15min tf is above 200ema.Ignored
DislikedHi,
I have been following this thread for 2 months already and I have a question. How to know if the trend is going to change?
Taking GBP/JPY as a example, the 5 min to 1h TFs are all above the 200EMA. While the 4h and above TFs are below 200 EMA. Does this means that the trend is going to change to uptrend?
Same for the AUD/USD awhile ago (21 Nov).
I used the 15min to short, since 1h and 4h were still under 200ema while 15 min was above. However, soon later, the 1h 200ema went above, the trade was a loser as a result.
So I was thinking,...Ignored
DislikedTeb, you can just post template with your Fib retracement tool only - so anyone (who not very familiar to mt4 platform) don't have to learn how to build (modify) it and can easily find it - no matter how old template is (object might bee far ovey to the left) -right mouse click on chart - objects list/TebFibo retr.)Ignored