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Simple EMA/Trendlines Strategy

  • #1
  • First Post: Edited Feb 5, 2009 3:13pm Feb 4, 2009 5:55pm | Edited Feb 5, 2009 3:13pm
the startegy is very easy asumming that you have some experience with trend lines, Moving averages, price action, and trend trading.

rule 1#

we dont try to predict the future,we dont assume and we dont guess .
we do what the market tells us and we act according to what we see.

it is a strategy that requires hard work and as all the systems will have some false signals.

i am gonna be posting charts and trades as we go day by day so you can understand the idea of this trading strategy.

ok now the tools that we are gonna be using are
1-

10 EMA close- red
20 EMA close- blue
30 EMA close- yellow

2-
Trend lines

we trade only the direction of the trend from the daily chart and we take trades from 15m -1hr charts ...

i am gonna try to post the most recent trades little after i take them and the reason is that i dont predict i trade what i see!!



Note: if you dont agree or you dont find this strategy help full you can simply visit a different thread!!!






  • #2
  • Feb 4, 2009 6:37pm Feb 4, 2009 6:37pm
i am having trouble resizing my charts !!! sorry i will post a soon as i figure out
  • #3
  • Feb 4, 2009 6:50pm Feb 4, 2009 6:50pm
ok finally!!! this is a spot Gold daily chart and we can all see that is up trending for quit a while.
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  • #4
  • Feb 4, 2009 6:54pm Feb 4, 2009 6:54pm
And this is the hourly chart. we always follow the daily trend to open any potential trades!
here i am already long from the first break pullback 900.55...now the reason i am long is that i have daily uptranding chart i have and 1hr triple cross over and it also has break my 1hr Support trend line.



(this is todays chart )
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  • #5
  • Feb 4, 2009 7:07pm Feb 4, 2009 7:07pm
if it breaks the symmetrical triangle too the i m looking for another long.... my targets 919.24 and 925.41
  • #6
  • Feb 4, 2009 7:35pm Feb 4, 2009 7:35pm
here is my stops and my targets !! and we just wait to see how the market will unfold (my english are not very well so i am reling on my pics for your understanding if any Q? let me know i ll try to answer as best and clear as i can )
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  • #7
  • Feb 4, 2009 8:17pm Feb 4, 2009 8:17pm
Quoting JK$$$
here is my stops and my targets !! and we just wait to see how the market will unfold (my english are not very well so i am reling on my pics for your understanding if any Q? let me know i ll try to answer as best and clear as i can )
hay, i just want to give suggestion. i think is better the 4h than daily. you can try n post here anyway. plz explain what is the use of 3 MA ? can i make it simple by just 2 MA ? n what time frame it can give the best target without floating minus too much ??
  • #8
  • Feb 4, 2009 8:18pm Feb 4, 2009 8:18pm
EUR/USD i ll wait for the break and go short...Daily chart is downtrending... i missted the first short on the 1hr chart it broke the ressistance and cross over.... now waiting for the next break
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  • #9
  • Feb 4, 2009 8:31pm Feb 4, 2009 8:31pm
Quoting dashboard
hay, i just want to give suggestion. i think is better the 4h than daily. you can try n post here anyway. plz explain what is the use of 3 MA ? can i make it simple by just 2 MA ? n what time frame it can give the best target without floating minus too much ??

i use the 3Ma just for direction so i know how the market moves up trend or down trend also the MA work as S&R .... you can use 2 MA or even 1MA, i m taking positions according to the breaks ....

what do you mean by floating minus too much?
  • #10
  • Feb 4, 2009 9:38pm Feb 4, 2009 9:38pm
RECAP : open orders XAU/USD ---> BUY @ 900.55

Target#1 @ 919.24 and Target#2 @ 925.41


STOP LOSS @ 895.63

  • #11
  • Feb 4, 2009 9:48pm Feb 4, 2009 9:48pm
hai, i love this strategy, but im in learning process.
need more knowledge especially to draw SnR and trendlines.

keep it up.

i try to follow.

hope can attach more example.
  • #12
  • Feb 5, 2009 3:08am Feb 5, 2009 3:08am
Recap : XAU/USD as i said earlier i opened a long @900.55 and my 2nd long has been trigger @905.80 so far so good i only had to stick to my strategy and we will book some good profits!!!
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  • #13
  • Feb 5, 2009 3:28am Feb 5, 2009 3:28am
the EUR/USD was never triggered because it never broke our trend line see pic
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  • #14
  • Feb 5, 2009 4:01am Feb 5, 2009 4:01am
Quoting okawa
hai, i love this strategy, but im in learning process.
need more knowledge especially to draw SnR and trendlines.

keep it up.

i try to follow.

hope can attach more example.
thank u !! i will try do do my best posting charts i am glad i have been helpful.... when i ll find some free time i will post some sites with tech analysis material that may help you understand it better !!
  • #15
  • Feb 5, 2009 4:14am Feb 5, 2009 4:14am
so far we are still on top of the game so we can comfortably move our SL losses little higher
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  • #16
  • Feb 5, 2009 4:36am Feb 5, 2009 4:36am
i am gonna close my 1st trade early it seems like its lossing steam we should not be greedy!!! dont let ur greens turn red close @ 915.05 only my 2nd trade still on
!!!
  • #17
  • Feb 5, 2009 4:39am Feb 5, 2009 4:39am
hi how do u enter breakout do u wait for it to retrace to the trend line and enter , or u just enter once it break out
thanks
  • #18
  • Feb 5, 2009 4:45am Feb 5, 2009 4:45am
Quoting samer960
hi how do u enter breakout do u wait for it to retrace to the trend line and enter , or u just enter once it break out
thanks

when the candle opens above the trend line..... unless there is a cross over at the same time that the candale breaks the line then i enter with just the break ....

note: i follow the trend and i open orders only if the break or the crossover is folloing the trend !!!!!
  • #19
  • Feb 5, 2009 4:54am Feb 5, 2009 4:54am
hi again
u would have entered at the break where is the arrow ?
thanks
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  • #20
  • Feb 5, 2009 5:06am Feb 5, 2009 5:06am
Quoting samer960
hi again
u would have entered at the break where is the arrow ?
thanks

if you see the previews chart that i have post i said that i opend my first order at 900.55 that was the cross over and the break of the trend line at the same time.... now the second order i open it at 905.80 which is the candale that looks like doji well it is a doji sorry .. basicly the candale that opened above the trend line (SEE THE CHART)
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