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4H 5EMA System

  • #2,561
  • Jan 7, 2009 9:12am Jan 7, 2009 9:12am
Trade#4
Sell 1.4874 out 1.5001 = -127 pips

Total = 77 -29 +198 -127 = +119 pips

flat now, waiting for new setup.
Attached Image (click to enlarge)
Click to Enlarge Name: 5emapic4.gif Size: 12 KB
  • #2,562
  • Jan 7, 2009 9:19am Jan 7, 2009 9:19am
Quoting patrick25
Trade#4
Sell 1.4874 out 1.5001 = -127 pips

Total = 77 -29 +198 -127 = +119 pips

flat now, waiting for new setup.
Just want to mention that you should be long now... because you should have had a reverse order at the SL.
  • #2,563
  • Jan 7, 2009 9:25am Jan 7, 2009 9:25am
on my chart I see
buy from 1.500 with SL 1.4886
and
sellstop with
price 1.4886
SL 1.5137
Goog luck
  • #2,564
  • Jan 7, 2009 9:45am Jan 7, 2009 9:45am
Hi Tonirai,
Thank you for the comment, I thought we only reverse the trade when there is a reversal signal. I will read the the rules again. Thanks.
  • #2,565
  • Jan 7, 2009 10:05am Jan 7, 2009 10:05am
Quoting patrick25
Hi Tonirai,
Thank you for the comment, I thought we only reverse the trade when there is a reversal signal. I will read the the rules again. Thanks.
we place pending revers order after reversal bar close , but when it triggered we don't know
regard
Peter
  • #2,566
  • Jan 7, 2009 10:16am Jan 7, 2009 10:16am
Quoting patrick25
Hi Tonirai,
Thank you for the comment, I thought we only reverse the trade when there is a reversal signal. I will read the the rules again. Thanks.
For that, I strongly recommend reading El Dee's Word document - it's the best explanation I've seem.

Search the attached documents in the link of this thread.
  • #2,567
  • Jan 7, 2009 10:37am Jan 7, 2009 10:37am
Quoting howard
Where is everybody?
Is the end of this thread nearing?
I hope not.
Howard:
A loud NOOOOOOOO to that question.
still sticking around here, though more with the daily variation. following the 4h as well. decided to post my daily results once a month though.


Thanks
  • #2,568
  • Jan 7, 2009 10:41am Jan 7, 2009 10:41am
Quoting howard
Where is everybody?
Is the end of this thread nearing?
I hope not.

of course not. this system will be just fine and the thread should continue with no problem. i am still trading it as are many others. have no worries
  • #2,569
  • Jan 7, 2009 10:42am Jan 7, 2009 10:42am
Thanks for confirming. Of course my stop has now been moved below bar #2 -5 pips, that is 1.4886, along with a pending sell order.
I understand what Sterling said about people cheering when things look well and disappearing when thy look bad . Many people must be having their mouths watering just now. The hard thing is to stand still during a bad row. According to the results claimed by Sterling and Eric and also the results shown after the system was brought to the public attention, this is something easy and profitable, but designed for the long haul. I hope January will confirm how strong their work is. Thanks to them once again for sharing it with us.

Also, thanks to El Dee's doc just mentioned by tonirai, which I just read. It's very clear and well put down. A 'must' for the newcomers approaching the thread. It might save them from reading over 170 pages as I did, even if I haven't regretted doing it at all...
  • #2,570
  • Jan 7, 2009 11:33am Jan 7, 2009 11:33am
To the new comers:

As you can see by the latest posts, the "old guys" are still here and still trading the system:
howard, pitpiter, denverdude, jtmoore and myself are good examples, surely among others.

Even if not so frequently around - that's mainly because we have no more questions (at least for now), or nothing new to bring to the thread.

But we'll still be around to help anyone that comes here and needs a hand
  • #2,571
  • Jan 7, 2009 1:18pm Jan 7, 2009 1:18pm
Hi Tonirai,
Thanks for pointing out the rule for my last trade. I will continue to post my trades along the way to see if I miss any rules, and also for other newcomers to see. Thanks again.
  • #2,572
  • Jan 7, 2009 1:44pm Jan 7, 2009 1:44pm
current situation on chart
buy from 1.5000 , SL 1.5068
pending sellstop
price 1.5068 SL 1.5289
good luck
Peter
  • #2,573
  • Jan 7, 2009 3:32pm Jan 7, 2009 3:32pm
i like this strategy very much but unfortunately i am not understanding it
cause of my poor english or ???? dont know
could somebody have a bit of time to explain with a chart what is setup bar and where is reversal bar and where would be our entry and stoplosses
thx very much in advance
  • #2,574
  • Jan 7, 2009 3:52pm Jan 7, 2009 3:52pm
Quoting hartmannl33
i like this strategy very much but unfortunately i am not understanding it
cause of my poor english or ???? dont know
could somebody have a bit of time to explain with a chart what is setup bar and where is reversal bar and where would be our entry and stoplosses
thx very much in advance
there is a document attached in post # 2472 (http://www.forexfactory.com/showpost.php?p=2423487&postcount=2472)

there are good visual examples. since a picture is worth thousand words, i think that document should help you a lot.

thanks
  • #2,575
  • Jan 7, 2009 4:06pm Jan 7, 2009 4:06pm
Quoting tonirai
To the new comers:

As you can see by the latest posts, the "old guys" are still here and still trading the system:
howard, pitpiter, denverdude, jtmoore and myself are good examples, surely among others.

Even if not so frequently around - that's mainly because we have no more questions (at least for now), or nothing new to bring to the thread.

But we'll still be around to help anyone that comes here and needs a hand
Wow, I have no idea how I missed this post.

I have to say I'm not in the level as some of the "old" guys that you've mentioned. May be I could place myself in the next level, I guess.

Even though I've been here only since Nov and my contributions are trivial compared to some members like El Dee, Howard, Tonirai (not to mention the designers of this system), its a great honor to be mentioned with them.

It only goes to show the simplicity of this system and how we can easily follow it after a month, if not a few weeks.

Thanks tonirai.
  • #2,576
  • Jan 7, 2009 4:07pm Jan 7, 2009 4:07pm
Quoting hartmannl33
i like this strategy very much but unfortunately i am not understanding it
cause of my poor english or ???? dont know
could somebody have a bit of time to explain with a chart what is setup bar and where is reversal bar and where would be our entry and stoplosses
thx very much in advance
Ciao. Vedo dal tuo profilo che la tua località è l'Italia, come me. Se sei davvero interessato posso farti una traduzione. Ora devo scappare, ma domani mi ci dedicherò, se tu confermi che l'Italiano è la tua lingua madre. Alla prossima.

Hi. I see from your profile you are located in Italy, as I am too. If you're really interested I can arrange a translation for you. I have to go now, but tomorrow I can maybe spend some time on it, if you confirm that Italian is your mother language. See you soon.
  • #2,577
  • Edited Jan 8, 2009 2:10am Jan 7, 2009 7:09pm | Edited Jan 8, 2009 2:10am
Short triggered @ 1.5068.
Long closed @ +68 pips.
SL and reversal buy order @ 1.5289.
Correct?
Attached Image
  • #2,578
  • Jan 7, 2009 7:51pm Jan 7, 2009 7:51pm
Quoting alright
Short triggered @ 1.5068.
Long closed @ +68 pips.
SL and reversal buy order @ 1.5113.
Correct?
No.. The SL and reversal for buy order should be at 1.5289
  • #2,579
  • Jan 7, 2009 8:18pm Jan 7, 2009 8:18pm
toni just saw post on ea thread. Didn't look like u would b around there that's why I'm posting this here

Tell the coder No Worries!! No pressure. We are doing fine manually. So take your time and do of right. I don't know about anyone else but when it does come out I plan to keep trading gu manually and just use it to test other pairs and different emas on diff tf.

Yes toni is correct I just haven't been posting because there doesn't seem to b all the nubies on anymore. Hopefully everyone is "getting it" still actively trading this great system

Good luck to all
  • #2,580
  • Jan 8, 2009 2:09am Jan 8, 2009 2:09am
Quoting anuar
No.. The SL and reversal for buy order should be at 1.5289
Hi anuar. Thank you for correcting me. I don't know how I came out with that nonsense figure. Only excuse is it was past 2am here and I was knackered...
I'll go and edit my post.
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