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Dancing with EMA

  • #341
  • Feb 16, 2012 12:18am Feb 16, 2012 12:18am
Quoting mazis12
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??

Mazis12
between the 2d and the 3rd cross, we have more than 15 candles, so it is not a range period...
  • #342
  • Feb 16, 2012 1:03am Feb 16, 2012 1:03am
zebulon
we have almost a sell setup for gbpusd right? as soon as it reached the 100 pips from the 50 EMA correct?
  • #343
  • Feb 16, 2012 2:05am Feb 16, 2012 2:05am
Quoting jeronimo
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 !
Good morning everybody !

SL touched on 101.92.. - 200pips..
Good trades to all of you
ps. i am short on EUR/USD 1.3078 and long on USD/JPY at 78.35 (i know it is not on Zebulon list, but it was in my watch list for other reasons and my entry was made under Zebulon parameters)
  • #344
  • Feb 16, 2012 5:19am Feb 16, 2012 5:19am
Quoting migmac
zebulon
we have almost a sell setup for gbpusd right? as soon as it reached the 100 pips from the 50 EMA correct?
No, because the trade is still open from 1.5732
  • #345
  • Feb 16, 2012 5:53am Feb 16, 2012 5:53am
Quoting jeronimo
Good morning everybody !

SL touched on 101.92.. - 200pips..
Good trades to all of you
ps. i am short on EUR/USD 1.3078 and long on USD/JPY at 78.35 (i know it is not on Zebulon list, but it was in my watch list for other reasons and my entry was made under Zebulon parameters)
My SL ( 101.68) has not been touched .
But i don't like this situation, being long on EUR/JPY and short on EUR/USD, they are often correlated.
I think Greek situation is a big reason to push down the euro, so i will certainly have a winning side (EUR/USD in my opinion) and a loosing side (EUR/JPY)...
  • #346
  • Feb 16, 2012 6:36am Feb 16, 2012 6:36am
Hi zebulon,

Thanks for sharing your EMA method.

You seem to have a high strike rate and excellent RR and I was wondering what % risk you put on each trade personally?

Also am I not mistaken that your stop will not be taken out even if the price moves past it over the weekend as the markets are closed to retail?

Thanks
  • #347
  • Feb 16, 2012 6:50am Feb 16, 2012 6:50am
Quoting zebulon
My SL ( 101.68) has not been touched .
But i don't like this situation, being long on EUR/JPY and short on EUR/USD, they are often correlated.
I think Greek situation is a big reason to push down the euro, so i will certainly have a winning side (EUR/USD in my opinion) and a loosing side (EUR/JPY)...
i had the same feeling as yours, and since my entry was not perfect...i get bust! anyway i am trading with microlots so it is less painful
Hope our short on eur/usd will be good. 1/2 position sold at 1.2978 so in worst case i will BE.
  • #348
  • Feb 16, 2012 8:46am Feb 16, 2012 8:46am
Good and seems a nice system. i will try it in my live account...
  • #349
  • Feb 16, 2012 9:15am Feb 16, 2012 9:15am
hi to all i know about this system for a while now but not using it but i follow the thread you guys are wonderful i will join you now on
  • #350
  • Feb 16, 2012 9:16am Feb 16, 2012 9:16am
Sell GU at 1.5720 see what is the result later.....very interesting
  • #351
  • Feb 16, 2012 10:16am Feb 16, 2012 10:16am
Quoting weisiong00
Sell GU at 1.5720 see what is the result later.....very interesting
i was just looking at the same trade, but the 100+ pip candle kinda scares me.
  • #352
  • Feb 16, 2012 10:41am Feb 16, 2012 10:41am
Quoting weisiong00
Sell GU at 1.5720 see what is the result later.....very interesting
Can I ask why you sold GU @ 1.5720?
  • #353
  • Feb 16, 2012 11:33am Feb 16, 2012 11:33am
Quoting weisiong00
Sell GU at 1.5720 see what is the result later.....very interesting
I failed to correlate this trade with the dancing EMA strategy.....
  • #354
  • Feb 16, 2012 11:56am Feb 16, 2012 11:56am
Quoting mogulmedia
Can I ask why you sold GU @ 1.5720?
I just follow the rule only... not sure correct or not anything wrong? Attached file is the chart.... i enter the trade when the price is move below 100pips from ema 50.... any comment...
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-02-17_005540.png Size: 63 KB
  • #355
  • Feb 16, 2012 12:03pm Feb 16, 2012 12:03pm
Quoting weisiong00
I just follow the rule only... not sure correct or not anything wrong? Attached file is the chart.... i enter the trade when the price is move below 100pips from ema 50.... any comment...
My friend you are supposed to SELL when the price closes 100 pips below the 50 MA. Buy when the price closes ABOVE the MA...
  • #356
  • Feb 16, 2012 1:06pm Feb 16, 2012 1:06pm
Quoting mogulmedia
My friend you are supposed to SELL when the price closes 100 pips below the 50 MA. Buy when the price closes ABOVE the MA...
I think weisiong00 did sell below the 50MA but the MA was at around 1.5800 so should have sold at 1.5700 not 1.5720. Pulled the trigger a bit too early according to the rules. Just as well really, as stop loss about to be hit at 1.5800 (lets hope it reverses before)

Regards
Paul
  • #357
  • Feb 16, 2012 1:13pm Feb 16, 2012 1:13pm
I'm thinking of getting into the EUR/USD trade as I missed the original entry. Price almost at the 50MA on pullback.

Should I wait for an actual touch of the MA (It's almost there but not quite)
or could I try a little earlier and hope it's reached it's highest before reversal.

Your comments would be appreciated.

Regards
Paul
  • #358
  • Feb 16, 2012 3:54pm Feb 16, 2012 3:54pm
Sold the EUR/USD @ 1.3135.

Missed the first drop of 100 pips so entered on retouch of the 50MA. Not sure if this meets the rules by Zebulon. Will see what happens.
  • #359
  • Feb 16, 2012 4:07pm Feb 16, 2012 4:07pm
Quoting paulwales
Sold the EUR/USD @ 1.3135.

Missed the first drop of 100 pips so entered on retouch of the 50MA. Not sure if this meets the rules by Zebulon. Will see what happens.
With any luck price is bouncing off the 50.0 fib level from the high of 9th Feb and will now continue down!

Time will tell...
  • #360
  • Feb 17, 2012 4:56am Feb 17, 2012 4:56am
Quoting zebulon
I have sold at 1.3061
it did hit 100 pips SL and trade closed right?
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