4H 5EMA System | Page 105 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

TEB 5ema & 12ema and 21 RSI (MTF) 1,730 replies

5EMA hilo system, and EA Idea 18 replies

4H 5EMA System's EA 79 replies

4HR 5EMA Expert Advisor 42 replies

when 5EMA crosses out of 55LWMA channel 0 replies

Attachments: 4H 5EMA System
Exit Attachments

4H 5EMA System

  • #2,081
  • Dec 2, 2008 10:57pm Dec 2, 2008 10:57pm
Quoting crunk
Attachment

Is the thumb down bar consider reversal bar (not the blue arrow) although it touch both 5ema?
No its not a setup bar. It touches both EMA's like you said, thus disqualifying it from being a setup bar.

-Sterling
Founder of Day Trading Forex Live
  • #2,082
  • Dec 2, 2008 11:01pm Dec 2, 2008 11:01pm
Quoting stersuhr
No its not a setup bar. It touches both EMA's like you said, thus disqualifying it from being a setup bar.

-Sterling
So the red tick is setup bar since blue arrow is the reversal bar?Please clarify.
  • #2,083
  • Dec 3, 2008 12:55am Dec 3, 2008 12:55am
Quoting crunk
So the red tick is setup bar since blue arrow is the reversal bar?Please clarify.
The red check is the setup bar to go long and the bar that touches both EMA's is the reversal bar.

-Sterling
Founder of Day Trading Forex Live
  • #2,084
  • Dec 3, 2008 1:15am Dec 3, 2008 1:15am
Hi everyone.
We steel have short
SL 1.5056
and buystop
pr 1.5056
SL 1.4847
good luck
Peter
  • #2,085
  • Dec 3, 2008 1:24am Dec 3, 2008 1:24am
Hey Pitpiter - Thanks for the updates - I can now go to bed without wondering whether I needed to change my stop. That still isn't clear. I will have to re-read some of this thread.
  • #2,086
  • Dec 3, 2008 1:41am Dec 3, 2008 1:41am
Quoting stersuhr
The red check is the setup bar to go long and the bar that touches both EMA's is the reversal bar.

-Sterling
So GU still long since from my chart it did not touch any high 5ema
  • #2,087
  • Dec 3, 2008 1:50am Dec 3, 2008 1:50am
Quoting crunk
So GU still long since from my chart it did not touch any high 5ema
For you yes. You are still long based on the charts you are using. People using Alpari as the standard which is what the room uses are short. Over the course of months I think it all evens out.

-Sterling
Founder of Day Trading Forex Live
  • #2,088
  • Dec 3, 2008 1:58am Dec 3, 2008 1:58am
Quoting stersuhr
For you yes. You are still long based on the charts you are using. People using Alpari as the standard which is what the room uses are short. Over the course of months I think it all evens out.

-Sterling
The IBFX charts have done better on occasion, but since I have been in here from almost the beginning, then Alpari have definitely done better. They used to have 2 hr difference, what happened? DST, but I dont get why that made a difference
  • #2,089
  • Dec 3, 2008 3:46am Dec 3, 2008 3:46am
Quoting alllivemind
The IBFX charts have done better on occasion, but since I have been in here from almost the beginning, then Alpari have definitely done better. They used to have 2 hr difference, what happened? DST, but I dont get why that made a difference
Its possable one could do better than the other in the long run it just dosent make sense if thats the case. The Euro zone changed times and so for a couple of weeks the were on hour back from what they are now. It was 11,3,7 close instead of 2,6,10 AM/PM close.

-Sterling
Founder of Day Trading Forex Live
  • #2,090
  • Edited 4:09am Dec 3, 2008 3:51am | Edited 4:09am
Hi Ster,

Quick question while I have you here, do we keep changing the SL on our reverse order evertime we get a new bar closed while waiting for a setup bar to go the other way???
  • #2,091
  • Edited 5:04am Dec 3, 2008 4:20am | Edited 5:04am
Quoting CitiTrade
Hi Ster,

Quick question while I have you here, do we keep changing the SL on our reverse order evertime we get a new bar closed while waiting for a setup bar to go the other way???
just if we have new high for pending selstop or new low for buystop , like I understand from yesterday
good luck
Peter
  • #2,092
  • Dec 3, 2008 5:03am Dec 3, 2008 5:03am
and we have change on the market
short
SL1.4935
pending buystop
pr 1.4935
SL 1.4657
good luck
Peter
  • #2,093
  • Dec 3, 2008 5:33am Dec 3, 2008 5:33am
Quoting pitpiter
and we have change on the market
short
SL1.4935
pending buystop
pr 1.4935
SL 1.4657
good luck
Peter
I concur, peter.
  • #2,094
  • Dec 3, 2008 5:47am Dec 3, 2008 5:47am
Quoting CitiTrade
I concur, peter.
Sorry I went to sleep for a bit. In the case of a short you only move the stop and reversal order when the market makes a new low and that bar closes. Now there are exceptions to this. If the market goes down and makes and new low and then fails to trigger the buy during the next 2 bars the trade is cancelled right? So on that third bar as the rules state it only has to meet the minimum requirements of a setup bar and you dont need to worry about the previous low. If this keeps repeating then thats fine.

-Sterling
Founder of Day Trading Forex Live
  • #2,095
  • Dec 3, 2008 6:33am Dec 3, 2008 6:33am
fiuuu we have been very lucky

the long didn't trigger for a few pips! for 2 pips at 0.00 (high 1.4925, next bar high 1.4931) with EMA5Low already touched the candle before *_*

is it correct or the 20.00 was not a proper setup bar??
  • #2,096
  • Dec 3, 2008 6:45am Dec 3, 2008 6:45am
Quoting Corre
fiuuu we have been very lucky

the long didn't trigger for a few pips! for 2 pips at 0.00 (high 1.4925, next bar high 1.4931) with EMA5Low already touched the candle before *_*

is it correct or the 20.00 was not a proper setup bar??
When that bar made an high of 1.4931, our SL and buy stop were at 1.5056.
  • #2,097
  • Dec 3, 2008 6:45am Dec 3, 2008 6:45am
Quoting Corre
fiuuu we have been very lucky

the long didn't trigger for a few pips! for 2 pips at 0.00 (high 1.4925, next bar high 1.4931) with EMA5Low already touched the candle before *_*

is it correct or the 20.00 was not a proper setup bar??
It didnt break the lower EMA by 5 pips or more thus it wasent a proper setup bar.

-Sterling
Founder of Day Trading Forex Live
  • #2,098
  • Dec 3, 2008 7:10am Dec 3, 2008 7:10am
Quoting tonirai
When that bar made an high of 1.4931, our SL and buy stop were at 1.5056.
yes but if we have a long segnal don't we have to close current short position and go long regardless the SL?

Quoting stersuhr
It didnt break the lower EMA by 5 pips or more thus it wasent a proper setup bar.

-Sterling
oooh yes *_* the 5 pips rule, sorry. thank you very much. good to hear that was not a setup bar
  • #2,099
  • Dec 3, 2008 7:42am Dec 3, 2008 7:42am
Quoting stersuhr
Sorry I went to sleep for a bit. In the case of a short you only move the stop and reversal order when the market makes a new low and that bar closes. Now there are exceptions to this. If the market goes down and makes and new low and then fails to trigger the buy during the next 2 bars the trade is cancelled right? So on that third bar as the rules state it only has to meet the minimum requirements of a setup bar and you dont need to worry about the previous low. If this keeps repeating then thats fine.

-Sterling
Hmmm... maybe I didn't ask the question right. Let's say we have a trade which has been already triggered, and the reversal bar closed so we also placed our reverse order and its SL. Now we're waiting for a setup bar to go in the other direction. While waiting, we get some bars which may go up or down, etc. What do we do in response to these bars if they're not the setup bar we're waiting for?
  • #2,100
  • Dec 3, 2008 8:13am Dec 3, 2008 8:13am
Experts,
Looking at the Alpari charts:

Assuming the current candle(12:00) doesn't trigger the buy trade, does it become a failed reversal bar?
Also, if the current candle doesn't make a lower low, we keep the Short SL, and Buy stop & its SL at their present position?

Thanks for your support guys .
Peace
4 traders viewing now