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Dancing with EMA

  • #41
  • Dec 15, 2011 4:46am Dec 15, 2011 4:46am
Quoting zebulon
sorry, but i can't see any signal now !
Hello,

I have upload a screenshot, it does not meet the rules?

thank you
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 55 KB
  • #42
  • Dec 15, 2011 6:07am Dec 15, 2011 6:07am
Quoting migmac
Hello,

I have upload a screenshot, it does not meet the rules?

thank you
Not for me, your time frame is H1, mine is H4
  • #43
  • Dec 15, 2011 6:28am Dec 15, 2011 6:28am
Quoting zebulon
Not for me, your time frame is H1, mine is H4
sorry zebulon, I have now corrected the timeframe
  • #44
  • Dec 15, 2011 6:51am Dec 15, 2011 6:51am
Quoting zebulon
another example with GBP/USD:
10 october, we bought at 1.5618 as the previous candle closed morethan 100 pips from EMA 50.
We bought again at 1.5711 and 1.5976
We were stopped at 1.5876 with a global win of 323 pips.
Hi Zebulon,

thanks for your Idea on this Thread.
I like the concept of dancing with the Emas and having not much time to follow the charts the H4 is surely an interesting alternative.

I would just like to understand better your post above (actually the way to enter the trades):

You mentioned to add an enter at the bounce of the EMA50, which I understand, and you normally open the trades after the close of an H4 bar (which I would prefer for not being forced to follow the price during that candle), but in the last "Buy" order was placed during the H4 candle while it actually closed way below the EMA50.

So it was clearly for sure not a bounce.
Why did you not wait for the close (and perhaps therefore avoid the losing trade) ?

It is absolutely not a kind of any criticism, just really wish to better understand if I perhaps did not understand well the concept.

I would like to forward test it too (and visually backtesting a bit during the weekend).

Many thanks
  • #45
  • Dec 15, 2011 11:31am Dec 15, 2011 11:31am
Quoting zebulon
I didn't test this pair.
...

But i don't know if parameters (100 pips from EMA50 for the first entry, 100 pips stop loss) are good for this pair. Maybe, they must be adapted for the pair. But the actual price (1.31) is not far from EUR/USD, so parameters could be good...
O! I forgot the 100-pips "strength" for this pair!
Let's ignore it.

p.s.
Congratulation! Your thread is rated "5 STARS!"

Cheers
  • #46
  • Dec 15, 2011 11:41am Dec 15, 2011 11:41am
zebulon

Watching the candle heading back to south...
Any comment?
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 131 KB
  • #47
  • Dec 15, 2011 6:17pm Dec 15, 2011 6:17pm
Quoting Whenever
Hi Zebulon,

thanks for your Idea on this Thread.
I like the concept of dancing with the Emas and having not much time to follow the charts the H4 is surely an interesting alternative.

I would just like to understand better your post above (actually the way to enter the trades):

You mentioned to add an enter at the bounce of the EMA50, which I understand, and you normally open the trades after the close of an H4 bar (which I would prefer for not being forced to follow the price during that candle), but in the last "Buy" order was placed during...
I think we don't look at the same candles. It depends of your broker. Maybe my 4 hour candle is from 11 to 3, and yours is from 12 to 4...
  • #48
  • Dec 15, 2011 6:23pm Dec 15, 2011 6:23pm
Quoting sniperfxmy
O! I forgot the 100-pips "strength" for this pair!
Let's ignore it.

p.s.
Congratulation! Your thread is rated "5 STARS!"

Cheers
Thank you but i prefer this thread is rated by the market
  • #49
  • Dec 15, 2011 6:41pm Dec 15, 2011 6:41pm
Quoting sniperfxmy
zebulon

Watching the candle heading back to south...
Any comment?
Cheers
I only watch the candles moving now...
Attached Image (click to enlarge)
Click to Enlarge Name: 11-12-16 01 38 16.jpg Size: 85 KB
  • #50
  • Dec 15, 2011 6:47pm Dec 15, 2011 6:47pm
Quoting sniperfxmy
zebulon

Watching the candle heading back to south...
Any comment?
Cheers
The market will tell us if we will loose 100 pips at 1.5580 or if the trend allows us to win plenty of pips !!!
  • #51
  • Dec 16, 2011 1:46am Dec 16, 2011 1:46am
Quoting zebulon
I think we don't look at the same candles. It depends of your broker. Maybe my 4 hour candle is from 11 to 3, and yours is from 12 to 4...
Sorry, my fault.
I should have better attached your chart to my previous post to better explain my question:

In your below attached chart I do not clearly understand why you bought the 3rd time (Yellow highlighted bar).

I think it was because of the bounce of the EMA50.

Is that correct ?

Did you buy at the EMA50 ?

Shouldn't you (or I in future) wait for that candle to close and see if that Touch was a bounce of the EMA or a break through (like in this case) ?

Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 100 KB
  • #52
  • Dec 16, 2011 3:12am Dec 16, 2011 3:12am
Quoting Whenever
Sorry, my fault.
I should have better attached your chart to my previous post to better explain my question:

In your below attached chart I do not clearly understand why you bought the 3rd time (Yellow highlighted bar).

I think it was because of the bounce of the EMA50.

Is that correct ?

Did you buy at the EMA50 ?

Shouldn't you (or I in future) wait for that candle to close and see if that Touch was a bounce of the EMA or a break through (like in this case) ?

Thank you
yes, i bought when the price hit the EMA 50.
I don't wait for the candle to close.
you don't know if this yellow highlighted bar is really a break through. it depends of the future !
  • #53
  • Dec 16, 2011 3:19am Dec 16, 2011 3:19am
Quoting zebulon
yes, i bought when the price hit the EMA 50.
I don't wait for the candle to close.
you don't know if this yellow highlighted bar is really a break through. it depends of the future !

Many thanks,

I understand now.

I thought we wait for the candle to close for considering a new entry, but I quite understand that if you have the possibility to follow you surely want to optimize your trades.

Thank you for the reply and for the system.
  • #54
  • Dec 16, 2011 3:30am Dec 16, 2011 3:30am
Hello Zebulon,

Before my question - thank you for sharing this interesting system.

I see that the H4 signal candle must close 100 pips or more from the 50 EMA. However, I believe this candle must also touch the 50 EMA. Is this right?

Thanks - Cheoy Lee
  • #55
  • Dec 16, 2011 7:33am Dec 16, 2011 7:33am
Hi Zebulon,

I guess you are already short in GU as per first white arrow in the chart attached.

Ema 50 is in this moment at about 80 pips above your short entry, so no SL yet.

Price is approaching to Touch the Ema 50.

 

  1. Will you add now a short trade (second white arrow) as soon as the price will touch the Ema 50 ?
  2. If yes, your new SL will be at 100 pips above the new entry ?
  3. The previous SL will remain at 100 pips above the first entry ?

Many thanks

Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 81 KB
  • #56
  • Dec 16, 2011 8:38am Dec 16, 2011 8:38am
Hi Zebulon,

This is a really cool system... How did you come up with the 50EMA & 5SMA?

Thanks,
Rob
  • #57
  • Dec 16, 2011 9:54am Dec 16, 2011 9:54am
Quoting RobFX
Hi Zebulon,

This is a really cool system... How did you come up with the 50EMA & 5SMA?

Thanks,
Rob
I was wondering this too. And do you trade lower then 4H frames?

Thanks in advance
  • #58
  • Dec 16, 2011 11:35am Dec 16, 2011 11:35am
Question.

What do we do at the weekend. Just let it all roll over?

Ross
  • #59
  • Dec 16, 2011 12:21pm Dec 16, 2011 12:21pm
Quoting Cheoy Lee
Hello Zebulon,

Before my question - thank you for sharing this interesting system.

I see that the H4 signal candle must close 100 pips or more from the 50 EMA. However, I believe this candle must also touch the 50 EMA. Is this right?

Thanks - Cheoy Lee
For the first entry, the candle must close 100 pips or more from the 50EMA, it is not necessary this candle touch the 50 EMA
  • #60
  • Dec 16, 2011 12:24pm Dec 16, 2011 12:24pm
Quoting Whenever
Hi Zebulon,

I guess you are already short in GU as per first white arrow in the chart attached.

Ema 50 is in this moment at about 80 pips above your short entry, so no SL yet.

Price is approaching to Touch the Ema 50.

 

  1. Will you add now a short trade (second white arrow) as soon as the price will touch the Ema 50 ?
  2. If yes, your new SL will be at 100 pips above the new entry ?
  3. The previous SL will remain at 100 pips above the first entry ?

Many thanks

No i will not add a short trade if the price is above the first entry.
Because the potential loss could be more than 100 pips.
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