200 Ema system - help me build a system ! 19 replies
Would you trade this system? New system #2. 10 replies
DislikedIn a fast moving high volatile pair like euro-yen and pound-yen, you could be doing 100's of pips on a 5min chart then on the 4hour. Also i choose 5min instead of 1minute because then it would prevent fake outs and indicator repaints.Ignored
DislikedA VERY LITTLE CONTRIBUTION TO A GREAT JOB!!!
Look, exit points is a very important chapter in a trade, so I was studing it during a long time and find some things that probably help something.
When a pair became volatility like this moment, bouth of them, RSI, blow out their normal parameters, so when it go out of 68 or 32, when the trend impulse it come down...RSI, come back....well, the RSI coming back and taching 68 or 32 give you the top price in that trend impulse.
Hope this helps, as always, nice system.
Some more things to help & notice.
Before London/euro opens, make sure to check the Nikkei 225. If it is significantly up ... euro-yen and pound-yen would probably go up after London opens.
Before London/euro opens, make sure to check the Nikkei 225. If it is significantly Down ... euro-yen and pound-yen would...Ignored
DislikedThank You dznmrd for sharing your system. It's appreciated!
I wasn't sure on a trade set-up pertaining to the indicators.
1. In a BUY trade - If heiken ashi turns blue, then green dot appears however it takes 4 candles for RSI to cross over the pink line. (Can a buy order be executed for this set-up or is it to late?) Is there a rule on how many candles it takes for RSI to confirm?
2. Does longterm trend or higher timeframes determine your trades for the day on a 5 min. chart?
Thank you again and looking forward to demo this unique...Ignored
DislikedHad this question as well.
BUY - If heiken turns blue, green dot appears but RSI doesnt cross for 3-4 candles, do we then enter trade?
So if RSI does not cross its a no trade?
Also, enter on close of candles, correct?
DislikedI created this system for the most popular Japan Yen pairs, and i hope it will make u feel like a samurai with a double edged sword!
OK 1st thing you may know, Japan yens have a correlation, especially with the Euro-Yen and Pound-Yen. So we are going to use these 2 pairs together since they really act like twin sisters.
Entry/Exit rules for Buy trade
[color=blue]Buy Entry - Wait for blue Heineken Ashi candle + green dot + make sure the green RSI is crossed over the Pink base...Ignored
DislikedI don't have the mq4's for all indicators, some common ones like "magnified market price" and "candle time" ... unfortunately i don't have the mq4 for the alt trend.. and yeah i think someone renamed it all.. asktrend, asctrend, askitrend_sandy, altrend... but its basically the same indicator, just shows u the reversal of trend and continuations. Very useful so much that ive made it part of my systemIgnored
DislikedIf the Nikkei 225 or the Dow Jones is significantly up or downIgnored