Thrust60

From the ideas from Zebulon on the Dancing with EMA systems thread, i'll be forward testing some ideas on the hrly TF. The basic ideas were posted here: http://www.forexfactory.com/showthre...83#post5373083
and understandably it's too much of a departure from Zeb's 4hr strat and needs another home...it's W.I.P. and a final variation has yet to be tested, so usual disclaimers apply!

The EU short referred to here triggered http://www.forexfactory.com/showthre...69#post5374069

...GU also triggered and has made more progress than the EU trade so far..but has run into a demand zone just above T1; we'll see.

subscribed!

Full loss on Friday's EU short. Same on GU.

EU long now pending..

Edit: Order cancelled. Has swung right back to the short signal line now..will see what it looks like at 16:00, although i don't usually like entering after London close.

chowc
would u define your entry and stop loss?
is hat kernel channel 10 in your chart?
cheers

..i didn't trade these, but interesting to log. 3 winners, all of which hit T1 and T2 without threatening the signal candle SL zone. The 2nd EU trade would have been an add-on to the 1st EU trade filled.

Entries: shorts 1 pip below the signal candle low; longs 1 pip+spread above the signal candle high.

SL: WIP but at the moment i'm favouring a close above/below the 61.8 retracement of the signal candle, or a few pips above/below the signal candle high/low, whichever prints first.

I'm using the EMA(50) with 25 pip levels above and below (for 5 dig brokers, set at 250/-250).

I'll probably forward test 100 signals and note the stats then.

..came within 0.5 of a pip of T2. Didn't trade it, just logging.

T1 and T2 hit before retracing.

..has just reached T2.

EU has hit T1 and still running. AU also signalled right after London close on Thursday and failed during today's London/US overlap, with an hrly close below the more conservative SL level.

The EU trade from the 16th hit T2 (1.3252) this morning.

AU long failed with an hrly close below the conservative SL level.

A GU short setup yesterday and has just reached T2.

On the 21st AU signalled short and it hit T1 but not T2. It reversed and in the process printed a long signal.

Edit: long stopped out on max SL level.

Solid short signal candle, trigger pending.

Edit: failed to trigger and reversed crossing the upper band to generate a long signal.

very good set up. I think you are a veteran trader

Well i've been trading for 9 years now and still haven't 'made it'...

I tried trading fulltime for 12 months a few years ago and failed miserably. I just trade for fun now (much healthier) to steadily grow the nestegg to boost retirement income in 20+ years....if spared!

The GU long hit T1 and T2 today.

AU long hit T1 before reversing and although did not close below the min SL level, as it's a friday would have been closed for the weekend.