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Dancing with EMA

  • #201
  • Jan 19, 2012 12:08pm Jan 19, 2012 12:08pm
SL touched on GBP/USD : -100 pips

SL touched on EUR/JPY : 310 -100 = 210 pips
EUR/JPY bought at 99.86
  • #202
  • Edited 8:22pm Jan 19, 2012 12:18pm | Edited 8:22pm
I started a new Trade Explorer, which named "go to Dancing". It's on my profile page or HERE.
  • #203
  • Jan 23, 2012 12:47pm Jan 23, 2012 12:47pm
I am demo trading for last 2 months... and my trade graph showed to and from movement..... But after finding this strategy.... I liked it from the very beginning for it's simplicity and effectiveness.... I'm now have 3 positions in three pair with 130+ gain.... so far my best gain without any tension as I had faith in this system.... the gains are un-realized though... but I've started to see the effectiveness of this strategy.... Thanks Zebulon for bringing such a nice strategy to the newbies like us.... Now, I'll just work on this strategy to master it....
  • #204
  • Jan 24, 2012 1:56am Jan 24, 2012 1:56am
I tried to trade with a different systems on charts from 1 to 15 minutes. After many unsuccessful attempts, I realized that each the trade (short or long) have a big stressful factor for me. Therefore this system with the least amount of transactions, suits me most.
  • #205
  • Jan 24, 2012 3:48am Jan 24, 2012 3:48am
I would like somebody to shed some light on a question I have, if somebody could help.

Its about entry rules when the initial entry after a trend change was missed.

http://shrani.si/t/R/ml/1D0rljuB/1.jpg

The 1st entry after the trend change was missed - what now?
Do I enter at the next touch of the candle which is 40 pips below the 1st entry?
Or do I wait for the next touch 110 pips below?

And when do I enter, at the touch or 100 pips below the touch since this will be "my 1st entry" though not the 1st entry of the overall trend?
Thoughts are things
  • #206
  • Jan 24, 2012 6:33am Jan 24, 2012 6:33am
Quoting Quezoy
I would like somebody to shed some light on a question I have, if somebody could help.

Its about entry rules when the initial entry after a trend change was missed.

http://shrani.si/t/R/ml/1D0rljuB/1.jpg

The 1st entry after the trend change was missed - what now?
Do I enter at the next touch of the candle which is 40 pips below the 1st entry?
Or do I wait for the next touch 110 pips below?

And when do I enter, at the touch or 100 pips below the touch since this will be "my...
If i have missed the first entry, i would entry at the second, when the price touch EMA 50. It would be 40 pips below the 1st entry in your example.
  • #207
  • Jan 24, 2012 7:16am Jan 24, 2012 7:16am
Tnx Zebulon.

I have a suggestion. I'm trying out renko charts in the last time and applied them to your system. I've used 20 pip boxes.

For the last EUR/USD trade, just looking at the pip gain from 1st entry till the end of the trade, renko would have given 400 pips, while the normal 4H gave 360 pips.

http://shrani.si/t/a/G0/x9m18lr/renko.jpg http://shrani.si/t/3o/MJ/1I0ShpdT/time.jpg

Unfortunately I have only 2 months of data for renko, because its based on 1M charts. So I cant do more backtests.
However, I'll try it on some forward testing from now on and see what happens.


Another suggestion I have is not to reenter (2nd, 3rd, 4th... entry) the trade at the initial touch of the candle, but when the first candle crosses back over the EMA in the direction of the trend.

This way, we dont lose the 100 pips in a situation, where the candle crossing the EMA also triggers the SL. Besides, if we wait for the cross back, this means the EMA went a bit more against the trend and therefore reenter from a better position - few more pips.

http://shrani.si/t/2M/l6/1UCjMev/1.jpg
Thoughts are things
  • #208
  • Jan 24, 2012 9:40am Jan 24, 2012 9:40am
Quoting Quezoy
....Another suggestion I have is not to reenter (2nd, 3rd, 4th... entry) the trade at the initial touch of the candle, but when the first candle crosses back over the EMA in the direction of the trend.

This way, we dont lose the 100 pips in a situation, where the candle crossing the EMA also triggers the SL. Besides, if we wait for the cross back, this means the EMA went a bit more against the trend and therefore reenter from a better position - few more pips.
Hi Quezoy.
Zebulon given us the rules of him full system. It's tell us when to open and close positions. And what? You can to change this rules, but it's to be another sys. I think ...
  • #209
  • Edited 6:06pm Jan 24, 2012 5:30pm | Edited 6:06pm
Hi everybody! The night again, but I can't to sleep, because I must to tell you something... Especially for those, who wants to change the rules of the system by Zebulon Hm... Look at the chart bottom....

Really, - 1st point - we sold, 2nd point - we stopped sell and go to long (with MA target), then in 3rd point we stopped buy and go to short again, and so on up to point 6.... So, it is seems profitable, but we are need to be masters in market, that to see thees points in advance.

is it possible? Yea, but only once you've mastered the skill of the PA, PPZ, swing, etc.
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  • #210
  • Jan 24, 2012 6:44pm Jan 24, 2012 6:44pm
Quoting zebulon
If i have missed the first entry, i would entry at the second, when the price touch EMA 50. It would be 40 pips below the 1st entry in your example.
Hi Zebulon,

Sorry, I am a newbie here and reading this thread with great interest. Please don't get me wrong when I ask you to explain, why you would make an entry while the gap is just 40 pips, well below 80 pips. In the previous thread the rule says at least 80 pips should be the distance/gap between the 1st. entry and the next EMA50 touch when an order can be placed. Shouldn't we strictly follow this rule even if the 1st. entry is missed? Please correct me if I am wrong. Thanks!

PeepCzar
To excel by continuous learning
  • #211
  • Jan 24, 2012 10:11pm Jan 24, 2012 10:11pm
Quoting PeepCzar
Hi Zebulon,

Sorry, I am a newbie here and reading this thread with great interest. Please don't get me wrong when I ask you to explain, why you would make an entry while the gap is just 40 pips, well below 80 pips. In the previous thread the rule says at least 80 pips should be the distance/gap between the 1st. entry and the next EMA50 touch when an order can be placed. Shouldn't we strictly follow this rule even if the 1st. entry is missed? Please correct me if I am wrong. Thanks!

PeepCzar
I was answering when i would enter if i had missed the first short entry. After that the price went north and touch the EMA50 40 pips above the first entry...
  • #212
  • Jan 25, 2012 5:32am Jan 25, 2012 5:32am
Quoting zebulon
I was answering when i would enter if i had missed the first short entry. After that the price went north and touch the EMA50 40 pips above the first entry...
Hi Zebulon,
If the price touches 50 EMA before moving 80 pips from then entry, should we wait?? According to the rules, we should wait to hit our target... shouldn't we??

sohel
  • #213
  • Jan 25, 2012 5:39am Jan 25, 2012 5:39am
Ruten

I have a question, as I watch your trade explorer, why you close all trades?
I mean Eur/usd and Eur/jpy.

Only curious.

Because of news?

Regards
Enter Signature
  • #214
  • Jan 25, 2012 5:44am Jan 25, 2012 5:44am
Quoting mazis12
Hi Zebulon,
If the price touches 50 EMA before moving 80 pips from then entry, should we wait?? According to the rules, we should wait to hit our target... shouldn't we??

sohel

Yes we wait if we didn't miss the first entry .
  • #215
  • Edited 10:56am Jan 25, 2012 9:12am | Edited 10:56am
Quoting Danutz
Ruten

I have a question, as I watch your trade explorer, why you close all trades?
I mean Eur/usd and Eur/jpy.

Only curious.

Because of news?

Regards
Hi! I knew what you ask . Let Zebulon forgive me, but I'm a bit changed the rules. I can't see how I losing the profit on reverse motion. I decided to go out when the price breaks the trend line. Then to enter again. And now I exam of my skills. The more so that the result is overwhelming - 30% for the week! The Good enter is good results.
Thanks Zebulon!

As you can see it's my mistake! Confuse....
This system is working on 100% I need the patience.
Attached Image (click to enlarge)
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  • #216
  • Jan 26, 2012 2:43am Jan 26, 2012 2:43am
Hy Ruten

To draw trendline you can use Fractals, is more easy to see highs and lows.
For me is working very good and is very easy.

Regards
Enter Signature
  • #217
  • Jan 26, 2012 2:54am Jan 26, 2012 2:54am
Quoting Danutz
Hy Ruten

To draw trendline you can use Fractals, is more easy to see highs and lows.
For me is working very good and is very easy.

Regards
Many thanks Danuts!
  • #218
  • Jan 26, 2012 6:54am Jan 26, 2012 6:54am
We have more than 200 pips profit on EUR/USD and EUR/JPY, so it is possible to move SL to BE for a free ride.
Let's the profit run
  • #219
  • Jan 26, 2012 7:40pm Jan 26, 2012 7:40pm
Hi Zebulon,
I've already done so before seeing your post.... It seems that, I'm starting to understand the system...... One advice I may want... seeing my result (>500 pips) with your system one pro forex trader advised me to demo trade for at least 6 months as my results are too good.... I just shared the result on facebook in a forex group where I've got the advice.

You've already used your strategy for a good deal of time, I believe.... so what do you think?? How long should I demo trade with it before starting with real money??
  • #220
  • Jan 26, 2012 8:37pm Jan 26, 2012 8:37pm
Quoting mazis12
How long should I demo trade with it before starting with real money??
Hey Mazi in my view the demo account is like playing a Call of duty game and real account is like going to Afghanistan.

You should play with the demo just to master basics and go for live asap but, Don't even think about going with more than 50$ account even 50$ is too much because you will essentially blow it as anyone else did. The key point is to trade micro lots with pennies and your reward are points (pips) not the money because greed for more and more money is behind every busted account. I knew few people who triple their demo accounts which just boosted their egos then went for real and end up on the floor. Its completely different world to play with real hard earned money because with real account you cant control your emotions. So my advice is just go for it with as smallest tiniest micro tiny lots as you can find and just trade as much as you can.
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