"I know how hard it is for you to put food on your family." George W. Bush
- Joined Jan 2007 | Status: Member | 5,864 Posts
If The 5 min and 30min charts are all good
I will also get in with stronge candle as well
these are the 5 main candles formations I would use
they would be on the 5 min chart.
Again when you have the 30 min and 5 min charts iin aggreement
its hard to lose
if you are not a "pig" !!!
1. 3 candle reversal
2 .OB
2. pin bars
3. IB
4. Railway trake
teb
I will also get in with stronge candle as well
these are the 5 main candles formations I would use
they would be on the 5 min chart.
Again when you have the 30 min and 5 min charts iin aggreement
its hard to lose
if you are not a "pig" !!!
1. 3 candle reversal
2 .OB
2. pin bars
3. IB
4. Railway trake
teb
- Joined Jan 2007 | Status: Member | 5,864 Posts
You can use that system on almost any system but of course, the longer the time frame the more accurate the price action is going to be.
I am not sure what you mean here ?
but this looks like a good system
why don't you start a thread and show us how you do it .
teb
- Joined Jan 2007 | Status: Member | 5,864 Posts
MTF is the key. Yes
when to enter in shorter TF is all about S/R
for Trending short = Sell at recent Support after the break on the pullback
for Trending long = Buy at recent Resistant after the break on the pullback
all MA are just illusion.
but this system will work
wed on 8 trades I did 205 pips
thurday 14 trades 132 pip
( not all of the the trades were with this system but most were with 2 emas and one tool ..in the dead time a use Bbands and Stoch to trade with)
but I did 300 of the pips of those two days with two ema and a tool
cheers
teb
what you say is good
but this system will work
wed on 8 trades I did 205 pips
thurday 14 trades 132 pip
( not all of the the trades were with this system but most were with 2 emas and one tool ..in the dead time a use Bbands and Stoch to trade with)
but I did 300 of the pips of those two days with two ema and a tool
cheers
teb
let me ask u , what if the price came back and trade above the break ?????
Are u still Selling ?????
That's why i said MAs are illusion
No Offense
- Joined Jan 2007 | Status: Member | 5,864 Posts
what i meant is for simplicity , if u can draw horizontal line and identify where the break at then u are in the money
let me ask u , what if the price came back and trade above the break ?????
Are u still Selling ?????
of course because the % is in my fovour
in fact it might well me a pull back trade.
that does not mean I to not know where the R/S are
and if I get a 1.2.3. break in the opp way I will stop trading
often I find the second signal is great and it often pulls back across the R/S back to the trend of the 30 min and 5 min .
teb
- Joined Sep 2008 | Status: Member | 2,298 Posts
I am not sure what you mean here ?
but this looks like a good system
why don't you start a thread and show us how you do it .
teb
LoL
Yeah, sorry for cluttering up your thread.
I meant not to introduce another system but simply show how ema are effective as a pullback system, indeed as your system is.
Wishing you many pips, TEB.
Possibly you may find this EMA crossover alert indicator useful.
Starting to see instead of just looking.
- Joined Jan 2007 | Status: Member | 5,864 Posts
LoL
Yeah, sorry for cluttering up your thread.
I meant not to introduce another system but simply show how ema are effective as a pullback system, indeed as your system is.
Wishing you many pips, TEB.
Possibly you may find this EMA crossover alert indicator useful.
thanks for the ai
teb
- Joined Jan 2007 | Status: Member | 5,864 Posts
Have used this indi in the past and find in easier to use ..... hope it helps some ....
teb
- Joined Jan 2007 | Status: Member | 5,864 Posts
Eur/usd !!!!
in at 1.3506 one lot out at 1.3518
2nd lot moving up sl break even plus one
teb
in at 1.3506 one lot out at 1.3518
2nd lot moving up sl break even plus one
teb
- Joined Jan 2007 | Status: Member | 5,864 Posts
TEB63
Could you confirm your numbers and when did you enter that trade. EURISD hasn't been down to 1.3018.
2nd lot closed at 1.3525 as the 5ema crossed back over the 12ema
teb
- Joined May 2007 | Status: Ozziedave | 1,665 Posts
Its hard not to win pips with this system ... if you do MTFs
This is one of the systems I use (a lot)
here it is an 30 min & 5 min charts
its hard not to make pips with this system.
I use 5 ema and 12 ema
(but if you like use 5 & 8 or 5 & 10 ema it doesn't really matter)
MTF is the point (Multi time frames)
I use the 20 RSI at 50
I trade two lot at a time
TEB
Why did you name this the 21 RSI when you actually use a 20 period RSI???