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Dancing with EMA

  • #121
  • Dec 30, 2011 9:31pm Dec 30, 2011 9:31pm
Quoting 4x4me2
I like the system, and it works well. thanks
I agree. I like this system too. I took 3 - 4 hr trades this week and this system is the only one producing a winning trade. The winning trade is on the EJ. I'm not sure of all of the backtesting stuff but it looks like a pretty good system so far.
  • #122
  • Jan 3, 2012 7:27am Jan 3, 2012 7:27am
another sell signal on EUR/USD, sell at 1.3017
happy new trade !!
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  • #123
  • Jan 3, 2012 1:24pm Jan 3, 2012 1:24pm
@zebulon you took cable long?
Poshcom
  • #124
  • Jan 3, 2012 2:59pm Jan 3, 2012 2:59pm
Quoting zebulon
SL hit on GBP/USD. I propose to wait for the trend with this pair because it is ranging. You can see 5SMA recently cross 3 times 50 EMA and 10 times since november 30.

Let the profit run on EUR/USD and EUR/JPY
@felix, as i said abobe, cable is ranging. 5 SMA had crossed 50 EMA many times and i will do nothing untill we have 15 candles after a cross without a new cross...
  • #125
  • Jan 3, 2012 6:16pm Jan 3, 2012 6:16pm
Quoting zebulon
@felix, as i said abobe, cable is ranging. 5 SMA had crossed 50 EMA many times and i will do nothing untill we have 15 candles after a cross without a new cross...
Zeb,

When you say 15 candles, is that 15 - 4 hr candles?
  • #126
  • Jan 3, 2012 10:36pm Jan 3, 2012 10:36pm
Hi
Can you please tell me if I need to look open and close for 100 pips for the candle or High and Low?

Thanks a lot
  • #127
  • Jan 3, 2012 11:49pm Jan 3, 2012 11:49pm
Quoting boseman
Zeb,

When you say 15 candles, is that 15 - 4 hr candles?
yes, it is 4h candles
  • #128
  • Jan 3, 2012 11:55pm Jan 3, 2012 11:55pm
Quoting ctran
Hi
Can you please tell me if I need to look open and close for 100 pips for the candle or High and Low?

Thanks a lot
for the first entry, you have to look if the close is 100 pips away from the 50 EMA
  • #129
  • Jan 4, 2012 12:58am Jan 4, 2012 12:58am
Quoting zebulon
for the first entry, you have to look if the close is 100 pips away from the 50 EMA
Thanks Sir.
  • #130
  • Jan 4, 2012 9:28am Jan 4, 2012 9:28am
Actually, 3 trades are running on EUR/USD with potentially +614 pips
1 trade on EUR/JPY with +354 pips
  • #131
  • Jan 5, 2012 1:33pm Jan 5, 2012 1:33pm
Quoting zebulon
Actually, 3 trades are running on EUR/USD with potentially +614 pips
1 trade on EUR/JPY with +354 pips
And more ....
  • #132
  • Jan 5, 2012 2:08pm Jan 5, 2012 2:08pm
Quoting ctran
Thanks Sir.
If a first candle close 60 and the next one close 50, will it be considered as 100 close below line? can we combine the close of two or 3 candles to get 100 and go for trade?

Thanks Sir
  • #133
  • Jan 5, 2012 2:21pm Jan 5, 2012 2:21pm
Quoting ctran
If a first candle close 60 and the next one close 50, will it be considered as 100 close below line? can we combine the close of two or 3 candles to get 100 and go for trade?

Thanks Sir
Yes, we combine several candles.
When a candle is closed, if you are 100 pips away from 50 EMA, it is the first entry.
  • #134
  • Jan 5, 2012 3:26pm Jan 5, 2012 3:26pm
Hi Zebulon,
Nice and easy system to follow.I want to know how do you use 5 SMA for this method.
Thanks
  • #135
  • Jan 5, 2012 3:53pm Jan 5, 2012 3:53pm
Hi, I understand how your system works but I dont understand that once you have entered 100 pips below the 50 ma and then you place your second trade 80 pips after the first one if a candle touches the line do you close the first position to take profit.

If so you will only have 80 pips profit if no your second trade may get stopped out and you will lose 20pips . is that correct if not can you explain where I am going Wrong. Cheers
Making money is easy,losing money is easier
  • #136
  • Jan 5, 2012 4:41pm Jan 5, 2012 4:41pm
Quoting bhupinder
Hi Zebulon,
Nice and easy system to follow.I want to know how do you use 5 SMA for this method.
Thanks
please, read post n° 101, 115, 124
  • #137
  • Jan 5, 2012 4:46pm Jan 5, 2012 4:46pm
Quoting Stompe
Hi, I understand how your system works but I dont understand that once you have entered 100 pips below the 50 ma and then you place your second trade 80 pips after the first one if a candle touches the line do you close the first position to take profit.

If so you will only have 80 pips profit if no your second trade may get stopped out and you will lose 20pips . is that correct if not can you explain where I am going Wrong. Cheers
No i don't close the first trade. I open a new trade each time the price touch 50 EMA if price is at least 80 pips from the previous trade.
  • #138
  • Jan 5, 2012 5:33pm Jan 5, 2012 5:33pm
Thankyou Zebulon
  • #139
  • Jan 5, 2012 5:57pm Jan 5, 2012 5:57pm
Zebulon, if that is the case on your second trade that you open and the price goes against you you can lose the 100 plus 80 from the firsrt trade , am I understanding it correct.

when do you take profit ?
Making money is easy,losing money is easier
  • #140
  • Jan 6, 2012 12:35am Jan 6, 2012 12:35am
Quoting Stompe
Zebulon, if that is the case on your second trade that you open and the price goes against you you can lose the 100 plus 80 from the firsrt trade , am I understanding it correct.

when do you take profit ?
All the stop loss are moved to the last level, please read post n° 5, 6, 7
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