Here is a example of the rentry type trade .. with the ema agreeing entering a second time is minor risk. Once entry that lead to two and now 36 pips on the CHFJPY.
Second Chart look at the bottom... 40 Pips on the EurJpy ... I was not trading really, just scanning the charts, saw the setups and took the entries
That 70 pips with relatively painless.
Don't worry about reduced number of trades, you can earn a lot on these moves
i'm beginning to see that you are only interested in the trades where the ema's have consolidated and begin to fan out considerably..so basically, only the big moves... ahhh..... ic....
so that's what i should be looking for...... big moves only. no sissy scalping.... i'll be looking for that tonite. also, it seems you don't seem to care too much about where the trix crosses. even if it's far off from zero.
has adding the ema made your trading easier or harder? i would assume easier, since now, your eyes are hunting for a fanning out of the ema's. no fan out, no need to look at anything else, and you can move on to the next chart. am i right? i would imagine, 20% of the move would have already occurred, but we are banking on our indicators, that it will continue...and if it does... then we only need one succesful trade per day...
i mean at half lots, even if you can win 2 of 3 at 40 pips a piece... for a net of 40 pips, that's all it takes for a lot of folks to make a living.
EDIT: now you mentioned you never look to the trix for an exit. you also mentioned when the 13 and 21 keep touching each other you should get out. what about a cross of the +/- DI against your entry direction?
for example, on a 5m, if you take a sell trade. at some point, both trix are green now. 10 minutes later even the +DI crossed up through a -DI crossing down. BUT the EMA's are still in place. you are currently 15 pips in profit..... what would you do?
Here is a example of the rentry type trade .. with the ema agreeing entering a second time is minor risk. Once entry that lead to two and now 36 pips on the CHFJPY.
Second Chart look at the bottom... 40 Pips on the EurJpy ... I was not trading really, just scanning the charts, saw the setups and took the entries
That 70 pips with relatively painless.
Don't worry about reduced number of trades, you can earn a lot on these moves
i'm beginning to see that you are only interested in the trades where the ema's have consolidated and begin to fan out considerably..so basically, only the big moves... ahhh..... ic....
so that's what i should be looking for...... big moves only. no sissy scalping.... i'll be looking for that tonite. also, it seems you don't seem to care too much about where the trix crosses. even if it's far off from zero.
has adding the ema made your trading easier or harder? i would assume easier, since now, your eyes are hunting for a fanning out...
Ignored
Good questions!! Actually the trix cross are very important. In the previous example where I showed the M1, M5 and M15 you would notice that the trade was taken on the M5 Trix cross. So you want to make sure that this still is the case. The EMA sets up the trade, as before, you still pull the trigger when the Trix Cross on M5, ideally i wouldhave liked to have the M1 cross also but it is heading in the right direction, if i had waited 3 minutes the M1 Crosses then and would have been a lot safe (bwtween 2:11 and 2:14 there was a small retrace).
I am still using the ADX to monitor for exits. I entered of the M1 ..... as the trade continued, very early in the ADX crossed up a couple of times.. but I was early in trade I monitored the effect of the crosses on the ema. Price retraced but it was not significant. As the trade got older (bar count going up) I switched to the M5 chart and monitored from there.
At the trade continues profit grew, now I am watching the ADX on the M15 for the DI approaching each other an the cross occurring om the M5.
I would bank the 15Pips...
The EMA now gives you additional information so instead of blindly exiting on the ADX rules, you can have one extra piece of information to use as correlation
Good questions!! Actually the trix cross are very important. In the previous example where I showed the M1, M5 and M15 you would notice that the trade was taken on the M5 Trix cross. So you want to make sure that this still is the case. The EMA sets up the trade, as before, you still pull the trigger when the Trix Cross on M5, ideally i wouldhave liked to have the M1 cross also but it is heading in the right direction, if i had waited 3 minutes the M1 Crosses then and would have been a lot safe (bwtween 2:11 and 2:14 there was a small retrace)....
I tried to get it, but the compression of the indicator makes all but useless.... now Stratman Mini Charts that is usually on the right side of the chart...a vertical indicator would make it a whole lot easier to read.
haven't taken any trades tonite. just staring and staring. this will take me some time to digest.
btw, out of curiosity, which ema is equal to the coral ? 13,21,55,89,233. i would guess either the 13 or 21.
Ignored
A simple work flow:-
Wait for the compression to occur on the M1 Chart, then wait for it to translate to the m5 and m15...
I watch the M1, when it occur I move the chart to the M5 ... and progress to the m15....One i get to a M15 Chart and it occurs there...I switch to the M1 and look for the Trix to line up to take an entry (ADX/THV Rules).That way you have an particular order to your scanning and it will not get frustrating.
Do this for 14pairs and no way will you be bored.
If you want to push it a bit. i mentioned earlier that the 233 EMA on the higher TF can be ignored
Wait for the compression to occur on the M1 Chart, then wait for it to translate to the m5 and m15...
I watch the M1, when it occur I move the chart to the M5 ... and progress to the m15....One i get to a M15 Chart and it occurs there...I switch to the M1 and look for the Trix to line up to take an entry (ADX/THV Rules).That way you have an particular order to your scanning and it will not get frustrating.
Do this for 14pairs and no way will you be bored.
If you want to push it a bit. i mentioned earlier that the 233...
You can do it of the M5, but the M1 is the safest..... all moves start on the lowest.
If you can get the M1 and M5 crossing all within a bar or 2 or each other even better,
If you take the cross of the M5 make sure at least that the M1 is supporting your entry, make no sense going short on an M5 cross when the M1 is going long, The M1 is the closest we are getting to price change
[quote=Tread;4058348]See the attached for trade taken earlier on the USDJPY, ideally that is how you want your EMA to look.
1.) In order 2.) Expanding 3.) The EMA themselves are fairly straight (no bumpy)
The EMA represents an alignment of the trend, if it all mixed up, then it is indicating to stay out.
Notice how you stop loss was minimal, when you get all three timeframe to show the same trend.
Hi Tread ! I want to ask you two questions, please. 1. So I see that you’re using 5 ema. All 4 ema’s (13, 21,55,89 ) have to be in order and above 230 EMA on all 3 tf’s (1M, 5M,15M) and indicate the same direction at the same time? 2. I’m using also higher tf’s (M30, H1) to see better the trend. What do you think? What EMA could be used for these timeframes? Thank you
You can do it of the M5, but the M1 is the safest..... all moves start on the lowest.
If you can get the M1 and M5 crossing all within a bar or 2 or each other even better,
If you take the cross of the M5 make sure at least that the M1 is supporting your entry, make no sense going short on an M5 cross when the M1 is going long, The M1 is the closest we are getting to price change
I want to ask you two questions, please.
[size=3][font=Times New Roman]1. So I see that you’re using 5 ema. All 4 ema’s (13, 21,55,89 ) have to be in order and above 230 EMA on all 3 tf’s...
Ignored
I trade the the H1 with
233, 34, 21,13
233,34 set the trend (long term and short term (not the type of trade)), I wait for price to enter the 13/21 as a primer to trade
Thanks for your recent post looking at exits based on ADX and convergence of 13 and 21 EMA. I was also looking at charts and see that a good exit can also be when the ADX hits its peak. Moves can occur past this if the trend is really strong but using this method can mean you get out at the peak of many moves. What is your view on this?
Also, you mentioned you wait for compression on M1 and then watch it forming on M5 and M15, so when do you take the trade. The reason I ask is because I have been watching these compressions all day. I figure that if the M1 then fans out it takes several fanning outs by the M1 before the EMA are in order on both M5 and M15. Thus it seems I am waiting for a long time from seeing and M1 compression to seeing all the EMAs switch position to be in order on M15. Do you understand what I mean? What are your thoughts on this?
THV system, final edition
