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34ema/atr

  • #81
  • Apr 9, 2007 12:23pm Apr 9, 2007 12:23pm
Wow , at last someone else who´s working with price and EMAs....KISS at its best. Great continuation system and using the 34 EMA....LOL I´m working with that and envelopes too! Super stuff.

I´ve posted one of my 5 min charts with your envelope added.

I use the 5 min stochastic together with the 15 min to alert me to high probability entry times....note the 2 other red arrows today, just above the stochastic.

Normally, I´m looking to enter around the Frankfurt / London Opens using the 34 EMA and price action relative to it.....not today as Europe on holiday, but later in the 7:15 candle, there was a good entry.

I find the 200 EMA bands very useful in setting dynamic exit areas....see current chart!!

Like you, I believe in a multiple lot entry and staged exits, taking some profit early (10 -15 pips) moving the stop to BE and then staggering the other exits. I normally look to be flat by 1300 NY time.

Still work in progress, but hope they might be of interest.

http://www.forexfactory.com/images/icons/icon12.gif
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Trading Levels with WRBs
  • #82
  • Apr 10, 2007 12:05am Apr 10, 2007 12:05am
wahomeron, thanks for sharing...finally a system that let's me trade GBP/USD with great ease while I tend to my EUR/USD scalpes..I especially like how you use the trigger as an alert that a trend shift is about to happen..one trade at one side of the channel then I wait till the trend has shifted to the other side of the channel to start again..I might miss a few trades this way but it seems a safer approach..Thanks again http://www.forexfactory.com/images/icons/icon10.gif
  • #83
  • Apr 10, 2007 2:33am Apr 10, 2007 2:33am
today`s cable update.
Attached Image
Welcome to the Layer Cake son!
  • #84
  • Apr 10, 2007 2:53am Apr 10, 2007 2:53am
Quoting Islander
Wow , at last someone else who´s working with price and EMAs....KISS at its best. Great continuation system and using the 34 EMA....LOL I´m working with that and envelopes too! Super stuff.

I´ve posted one of my 5 min charts with your envelope added.

I use the 5 min stochastic together with the 15 min to alert me to high probability entry times....note the 2 other red arrows today, just above the stochastic.

Normally, I´m looking to enter around the Frankfurt / London Opens using the 34 EMA and price action relative to it.....not today as Europe on holiday, but later in the 7:15 candle, there was a good entry.

I find the 200 EMA bands very useful in setting dynamic exit areas....see current chart!!

Like you, I believe in a multiple lot entry and staged exits, taking some profit early (10 -15 pips) moving the stop to BE and then staggering the other exits. I normally look to be flat by 1300 NY time.

Still work in progress, but hope they might be of interest.

http://www.forexfactory.com/images/icons/icon12.gif
hi Islander, i admire your creativity especially the 200 MA for exits, which looking back can increase profitability by keeping you in a trade long. Thanks for your interest and l look forward to more of your input.
cheers.
Welcome to the Layer Cake son!
  • #85
  • Apr 10, 2007 2:58am Apr 10, 2007 2:58am
Quoting Sparker
wahomeron, thanks for sharing...finally a system that let's me trade GBP/USD with great ease while I tend to my EUR/USD scalpes..I especially like how you use the trigger as an alert that a trend shift is about to happen..one trade at one side of the channel then I wait till the trend has shifted to the other side of the channel to start again..I might miss a few trades this way but it seems a safer approach..Thanks again http://www.forexfactory.com/images/icons/icon10.gif

hallo Sparker, i try to keep it the most simple i can, i find it is easier to execute trades without having to rationalize as to why i should not take it.
Welcome to the Layer Cake son!
  • #86
  • Apr 10, 2007 6:20am Apr 10, 2007 6:20am
Hi wahomeron

I have tried to load your EMA Indicator, but cannot get it to funcntion. Would it be possible for you to post it in MQ4 style? Has the parameters
changed from your #2 post as the Envelope appears different in some post.

I see this method as a clean setup in that the charts are clear & price is
visable & the trading points are easily pinpointed. It would seem that more
traders would be responding to this method, but it sometimes seems that the more difficult a method the more people want to dig into it. Thats just
my observation from following different methods & traders input on these
methods. This method should meet the needs of most traders that are
looking for easy defined trade setups on short a time frame. Tks again for
sharing this method & your response to my request.


AceTrader
  • #87
  • Apr 10, 2007 9:28am Apr 10, 2007 9:28am
Quoting acetrader
Hi wahomeron

I have tried to load your EMA Indicator, but cannot get it to funcntion. Would it be possible for you to post it in MQ4 style? Has the parameters
changed from your #2 post as the Envelope appears different in some post.

I see this method as a clean setup in that the charts are clear & price is
visable & the trading points are easily pinpointed. It would seem that more
traders would be responding to this method, but it sometimes seems that the more difficult a method the more people want to dig into it. Thats just
my observation from following different methods & traders input on these
methods. This method should meet the needs of most traders that are
looking for easy defined trade setups on short a time frame. Tks again for
sharing this method & your response to my request.


AceTrader
hi Acetrader, i have never posted any indicators just the rules. The indicators are freely available with any metatrader platform. Reread the rules and if there is something you dont understand please let me know.
Welcome to the Layer Cake son!
  • #88
  • Apr 10, 2007 9:58am Apr 10, 2007 9:58am
simple and powerful system, thx for sharing.

i'm considering scalping (best during asian session) by selling/buying when price crosses above/below the envelope before going with the trend...
  • #89
  • Apr 10, 2007 5:54pm Apr 10, 2007 5:54pm
Hi wahomeron

I'm speaking of post #36 ref EMA Channels template. Can you post that in MQ4 format? Sorry I misstated my question. Tks for you help.

AceTrader
  • #90
  • Apr 10, 2007 9:32pm Apr 10, 2007 9:32pm
Took 15 pippolas this morning before i had to run out for errands..Great system!
  • #91
  • Apr 10, 2007 9:36pm Apr 10, 2007 9:36pm
Quoting wahomeron
hallo Sparker, i try to keep it the most simple i can, i find it is easier to execute trades without having to rationalize as to why i should not take it.
Yeah..I just follow your instructions and so far I'm seeing http://www.forexfactory.com/images/icons/dollar.gif http://www.forexfactory.com/images/icons/icon14.gif
  • #92
  • Apr 11, 2007 3:47am Apr 11, 2007 3:47am
Quoting Sparker
Took 15 pippolas this morning before i had to run out for errands..Great system!
Could you post your chart with marks?
Thanks!
  • #93
  • Apr 11, 2007 4:19am Apr 11, 2007 4:19am
be specific. situations like what? as far as what u have to expect now, not to be rude, but its best to go back to post 1 and read..




Quoting aktaurus
Hi and thanks again for all your ideas!
Tell us please how to filter situations like this one?
And what have I to expect now? Is it sell-signal or buy-signal? Why?
Thank you!
  • #94
  • Apr 11, 2007 4:22am Apr 11, 2007 4:22am
I'm sorry! Forgot to add a picture

Hi and thanks again for all your ideas!
Tell us please how to filter situations like this one?
And what have I to expect now? Is it sell-signal or buy-signal? Why?
Thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: vot.jpg Size: 51 KB
  • #95
  • Apr 11, 2007 8:25am Apr 11, 2007 8:25am
Its because it was the second trade of the day in the same direction, not sure, am new to looking at this. It looks promising and and currently trying to look at some sort of filter. However, it does look like each trade should be taken, I also would appreciate any input into a filter on this one. Regards.
  • #96
  • Apr 11, 2007 8:56am Apr 11, 2007 8:56am
Quoting acetrader
Hi wahomeron

I'm speaking of post #36 ref EMA Channels template. Can you post that in MQ4 format? Sorry I misstated my question. Tks for you help.

AceTrader
halo Acetrader, i can`t figure out how to do a template in mq4 but i was wondering if you are putting the file in the template folder of your metatrader platform. If you are then just do it manually you don`t need the template.


1. put a 34 ema on a chart.
2. put a 34 ema envelope on the chart with a 0.09 standard deviation.
3. you are done. finished.

screen shot of what the envelope settings look like.
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Welcome to the Layer Cake son!
  • #97
  • Apr 11, 2007 8:57am Apr 11, 2007 8:57am
Hi wahomeron:

Intering simple system, could you advice me how I can implement, on a daily chart, I have a day job CST, so cant take the 5 min. trades, would like to apply it to a swing system looking at a daily chart.

Appreciate
Thanks
Zee
  • #98
  • Apr 11, 2007 9:08am Apr 11, 2007 9:08am
Quoting aktaurus
I'm sorry! Forgot to add a picture

Hi and thanks again for all your ideas!
Tell us please how to filter situations like this one?
And what have I to expect now? Is it sell-signal or buy-signal? Why?
Thank you!
hi aktaurus, in the case of your chart, it is buy signal which turns into a looser. and then a short is triggered. You cannot win them all hence proper risk management. My only filter is a maximum 2 losses a day . I have found no statistical edge in all the technical filters that i have looked at. I wellcome all ideas, but i have to remind you simplicity allows for a flawless execution.
cheers.
Welcome to the Layer Cake son!
  • #99
  • Apr 11, 2007 9:15am Apr 11, 2007 9:15am
thanks for everyone`s support.
tis is today`s update, piece of cake.
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Welcome to the Layer Cake son!
  • #100
  • Apr 11, 2007 9:24am Apr 11, 2007 9:24am
Great little system, however, how did you avoid the (long) trade in between the two or did you take that one aswell. Or is 2 longs in a row a no no ! Just wondering cause like someone else who posted I probs would have taken your two and their one. I would also have taken another one (short) around 1:50pm GMT, which looks like it may or may not work out. Thanks for the sharing the simple system, I too have looked at various indicators with no real joy (as a filter). I guess not taking two trades in the same direction may be an indicator, maybe there isnt an indicator (filter). Thanks again.
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