Dancing with EMA | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EMA crossover (ema 14 & 34) 4 replies

Dancing with EMA - backtested and modified 0 replies

Please help code an EMA Crossover 12ema x 24 ema cross 1 reply

EMA's and MA's confiming small time correctoin ema's crossing 1 reply

EMA Close Crossing EMA High/Low Help Please! 2 replies

Attachments: Dancing with EMA
Exit Attachments

Dancing with EMA

  • #321
  • Edited 12:53pm Feb 14, 2012 12:46pm | Edited 12:53pm
Quoting zebulon
For me, the last candle has closed at 1.56757 and EMA 50 is 1.5675.
So, i prefer waiting and see how are the next candles...
Hi zebulon,
My EMA 50 is 1.5770 and price already closed beyond 100 pips (1.5667).. to be exact, it is 103 pips.. should I wait or go for short position??

How could your EMA 50 is 1.5675? should it be 1.5775??

Mazis12
  • #322
  • Feb 14, 2012 2:41pm Feb 14, 2012 2:41pm
Zebulon,
this system is for trading in trend.... here the price movement about 100 pips from the 50 EMA from opposite side will indicate the start of a new trend.... am I right??

In your post no 115, you've told that in GBP/USD pair, 5 SMA crossed 50 EMA several times.... so the pair is ranging....

so...let me check here.... EUR/USD pair, 5 SMA crossed 3 times in 8 days.... is it ranging now or what am I missing here??
Attached Image (click to enlarge)
Click to Enlarge Name: dancingwithma08.gif Size: 36 KB
  • #323
  • Feb 14, 2012 3:10pm Feb 14, 2012 3:10pm
Quoting mazis12
Zebulon,

I just wanted to ask the question that-- as the price of EU is approaching my S/L 1.3080... (current price is 1.3100).... should I prepare to go short?.... (I'm asking it not being impatient... but trying to understand the process).... before asking, I refreshed the page and I saw your last 2 posts

so as you mentioned in the previous post.... I need to wait till the S/L being hit at 1.3080 and then if price closes >100 pips below 50 EMA then go for short.....

It's early midnight in my timezone.... so as the price nearing a trigger point,...
I have always a stop loss 100 pips from my last order so my trades are closed on EUR/USD : from 1.2907 and 1.3055 and 1.3184, i win 106 pips.
Not so bad and waiting for a big move. It is also night for me, so as the actual candle is not 100 pips from EMA 50 i go to sleep ! I'm not afraid when 1 or 2 candles are alive when i'm sleeping or playing tennis. That will not change a lot, especially during asian session which is not usually very strong.
  • #324
  • Feb 14, 2012 3:38pm Feb 14, 2012 3:38pm
Quoting mazis12
Hi zebulon,
My EMA 50 is 1.5770 and price already closed beyond 100 pips (1.5667).. to be exact, it is 103 pips.. should I wait or go for short position??

How could your EMA 50 is 1.5675? should it be 1.5775??

Mazis12
On GBP/USD,my EMA50 is actually 1.5771.
My last entry was 1.5732, so the SL was not touched.

In the case you couldn't enter at 1.5732, so you had enter around 1.5795 and your SL has been touched. Anyway, the price was almost 100 pips from EMA 50 so i prefer wainting for the next candles.
  • #325
  • Feb 14, 2012 3:43pm Feb 14, 2012 3:43pm
Quoting mazis12
Zebulon,
this system is for trading in trend.... here the price movement about 100 pips from the 50 EMA from opposite side will indicate the start of a new trend.... am I right??

In your post no 115, you've told that in GBP/USD pair, 5 SMA crossed 50 EMA several times.... so the pair is ranging....

so...let me check here.... EUR/USD pair, 5 SMA crossed 3 times in 8 days.... is it ranging now or what am I missing here??
I consider price is ranging when 5 SMA crossed 3 times 50 EMA since i have no more position opened.
  • #326
  • Feb 14, 2012 5:47pm Feb 14, 2012 5:47pm
Quoting zebulon
I have always a stop loss 100 pips from my last order so my trades are closed on EUR/USD : from 1.2907 and 1.3055 and 1.3184, i win 106 pips.
Not so bad and waiting for a big move. It is also night for me, so as the actual candle is not 100 pips from EMA 50 i go to sleep ! I'm not afraid when 1 or 2 candles are alive when i'm sleeping or playing tennis. That will not change a lot, especially during asian session which is not usually very strong.
I've also won around 100 pips in EUR/USD....
Actually I belong to asian resion so when I go to bed, New york session continues and at later part of the night NZD and Aussie session start.... I think, I'll also learn to not to be afraid of not watching those couple of candles or more during sleeping time....

Quoting zebulon
On GBP/USD,my EMA50 is actually 1.5771.
My last entry was 1.5732, so the SL was not touched.

In the case you couldn't enter at 1.5732, so you had enter around 1.5795 and your SL has been touched. Anyway, the price was almost 100 pips from EMA 50 so i prefer wainting for the next candles.
As my candle closed outside and went beyond that on the next candle for about 19 pips, I put a pending order and went to sleep.....I just wanted to literally follow the rules... now reading your reply, I'm now thinking, have I done another mistake here....

I'm working hard to get hold of the system.... tonight I had sleep for only 3 hours.... but, in the long run it may hurt my health... hope, I'll learn quickly-- to skip couple of candles from watching to get my night sleep properly.....
  • #327
  • Feb 15, 2012 1:47am Feb 15, 2012 1:47am
Quoting APeng

Another thougt is to close a part of the position. Trades are often in profit area before running into SL. So if the trade is +100 pips close half of the lots and you are break even without pulling the SL to +/- zero pips. Doing that you dont have a closer SL and you are not beeing stopped out too fast and if a trend starts you are still in the market.
i think this is a good idea, i will enter with 2 trades, one for running and one closed when profit is +100 pips
  • #328
  • Feb 15, 2012 2:17am Feb 15, 2012 2:17am
Hi everybody !
Thank you very much Zebulon for your very simple and very interesting thread. I also agree with APeng about MM and to make entry with 2 lots...as i did, my first entry has been long EUR/JPY at 102.92, i think i followed the rules...Zebulon can you confirm it ? When i had some spare time, i will see if this strategy works with other pairs
Good trades to all of you !
  • #329
  • Feb 15, 2012 2:55am Feb 15, 2012 2:55am
First of all thanks for a simple system! Wondering which pairs you choose. Obviously the trending pairs, but do you do any further analysis before entry.
E.g. Not a goog idea to choose a pair at daily,weekly or monthly highs/resistance for long or lows for short? Would appreciate any assistance or tools to determine that.
Sorry, If this is too newbie!
Grant
  • #330
  • Feb 15, 2012 3:36am Feb 15, 2012 3:36am
nzd/usd looks promising too...tonight i hope i can give you backtest of it
  • #331
  • Feb 15, 2012 4:11am Feb 15, 2012 4:11am
Quoting jeronimo
nzd/usd looks promising too...tonight i hope i can give you backtest of it
I'm demo trading with EUR/USD, GBP/USD and EUR/JPY pair as Zebulon instructed....

Waiting to see how NZD/USD pair behaves in your back-test very eagerly.....

Thanks
Mazis12
  • #332
  • Feb 15, 2012 11:44am Feb 15, 2012 11:44am
Hello all.

Great strategy Zebulon. Thanks and Congratulations on all the positive feedback.

I'm looking at the 4hr chart on EUR/USD. My chart has a bit of a doji going on at the moment (I appreciate other charts may look different) so if price closes in the next half hour at around 1.3070 (100 pips below the MA) I should be going short. However, looking at the strongish S & R at 1.3030 I think I might wait until that line is broken with a close (the doji should vanish by then hopefully)

What do you guys/girls think.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 45 KB
  • #333
  • Feb 15, 2012 12:02pm Feb 15, 2012 12:02pm
I'm short now on EUR/USD
  • #334
  • Feb 15, 2012 3:00pm Feb 15, 2012 3:00pm
Quoting zebulon
I'm short now on EUR/USD
I'm also short on EUR/USD...
  • #335
  • Feb 15, 2012 3:02pm Feb 15, 2012 3:02pm
Quoting zebulon
I'm short now on EUR/USD
can you please tell me what was your entry on the sell eurusd?
  • #336
  • Feb 15, 2012 3:36pm Feb 15, 2012 3:36pm
Quoting mazis12
I'm demo trading with EUR/USD, GBP/USD and EUR/JPY pair as Zebulon instructed....

Waiting to see how NZD/USD pair behaves in your back-test very eagerly.....

Thanks
Mazis12
ok i manual backtest NZD/USD starting 01/2011 : reward 910 pips but as you can see almost all of it come from the last entry, that would be still open at this time...tomorow i will see what happens using APENG idea
results: -100-100-100-9+374-100-82-29+13-100+398-79+213-81-100+792
Acumulate:
-100-200-300-309+65-35-117-146-133-233+165+86+299+218+118+910
  • #337
  • Feb 15, 2012 3:49pm Feb 15, 2012 3:49pm
Quoting migmac
can you please tell me what was your entry on the sell eurusd?
i am also short on eur/usd from 1.3078, when last 4h closed..
  • #338
  • Feb 15, 2012 4:18pm Feb 15, 2012 4:18pm
Quoting migmac
can you please tell me what was your entry on the sell eurusd?
I have sold at 1.3061
Attached Image (click to enlarge)
Click to Enlarge Name: 12-02-15 23 16 06.jpg Size: 72 KB
  • #339
  • Feb 15, 2012 11:49pm Feb 15, 2012 11:49pm
Quoting zebulon
I have sold at 1.3061
This time, I'll try to act according to the rule more precisely.... I entered the position with a pending order....

just to clarify one thing....In my chart, 5 SMA crossed the 50 EMA line 3 times when I had no open trade.... should I consider that a range period.... I asked it earlier.... you've answered..... my question is... if I consider it to be a range... I should have waited for 15 candles uncrossed and the price 100 pips beyond the 50 EMA to enter into a new trade position.... but I didn't wait for that.... I entered at10th candle with other condition fulfilled.... Did I do any wrong here??

In your last chart screenshot... 5 SMA crossed the 50 EMA three times in 9 days (5th feb to 14th feb)..... I think, you didn't consider it to be range period ... rather a trend reversal....is it so??

Thanks
Mazis12
  • #340
  • Feb 16, 2012 12:11am Feb 16, 2012 12:11am
Quoting mazis12
just to clarify one thing....In my chart, 5 SMA crossed the 50 EMA line 3 times when I had no open trade.... should I consider that a range period.... I asked it earlier.... you've answered..... my question is... if I consider it to be a range... I should have waited for 15 candles uncrossed and the price 100 pips beyond the 50 EMA to enter into a new trade position.... but I didn't wait for that.... I entered at10th candle with other condition fulfilled.... Did I do any wrong here??

Mazis12
Yes in this case i wait for 15 candles uncrossed
0 traders viewing now