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TEB: 20 RSI and 5 & 12 EMAs

  • #121
  • Apr 4, 2014 6:05am Apr 4, 2014 6:05am
Quoting TEB63
{quote} Yes I think you got - but just to be clear for others There would have to be a full enter signal on the hour already! That would be ... Both the 20 RSI and the 5/12 cross in place . - not just the RSI cross like in the 4 hour and day. Then and only then do we drill down to the 15 minute chart and look for an entry - which is really a secondary entry on the hour.
Hello Teb63,

Is there any particular reason why you choose 5 and 12 EMA's?

Regards!
  • #122
  • Apr 4, 2014 6:23am Apr 4, 2014 6:23am
Quoting Zokynho
{quote} Hello Teb63, Is there any particular reason why you choose 5 and 12 EMA's? Regards!
lol
You really want to know?
Well 10 years ago now two of the main entry triggers that were a rage everywhere were....
5 & 12 EMAs cross
and
5 EMA and 8 SMA cross
As the two pairings have almost the same entry place, I simply choose one.
I have used it ever since.
Both have hence gone out of favour.

I think in fact at 1st they had to do with the number of Days on a daily charting,
ie. 5 is a week etc.
Then these MA pairings were moved down to lower time charts for no real reason.
Which is were I 1st saw them and that is where I picked them up,

In fact I do not use then as an entry signal but rather as a retracement signal.

They work out to be about the same as a Stoch or CCI or other crossing tools with the same settings
but with two advantages
1. Less boxes on the chart (just the main chart one and the box for the 20 RSI)
2. We see the EMAs inter- play with the candles then self

Very scientific reasons for them (lol) but they seen to work for me.

cheers
  • #123
  • Apr 4, 2014 6:31am Apr 4, 2014 6:31am
Quoting TEB63
{quote} lol You really want to know? Well 10 years ago now two of the main entry triggers that were a rage everywhere were.... 5 & 12 EMAs cross and 5 EMA and 8 SMA cross As the two pairings have almost the same entry place, I simply choose one. I have used it ever since. Both have hence gone out of favour. I think in fact at 1st they had to do with the number of Days on a daily charting, ie. 5 is a week etc. Then these MA pairings were moved down to lower time charts for no real reason. Which is were I 1st saw them and that is where I picked them...
very scientific reasons for them... lool

Have question about Money management: You have some fixed rule like 'I can be only in 3 pairs exposed if 7 gives me entry or you will enter in all 7 pairs if you see that there are good opportunities?

Regards!
  • #124
  • Apr 4, 2014 6:44am Apr 4, 2014 6:44am
Quoting Zokynho
{quote} very scientific reasons for them... lool Have question about Money management: You have some fixed rule like 'I can be only in 3 pairs exposed if 7 gives me entry or you will enter in all 7 pairs if you see that there are good opportunities? Regards!

I do not like more then two trades that are closely correlated.
I will normally only have one trade for the cooper list - maybe two.

But if I have trade(s) that are up 50 pips or more I may discount those trade(s)
....(I really should move those trade(s) to BE - Sometime I do sometimes I do not)
I normal do 4% per entry.
I do not like having more the 16% in - again unless some trade(s) are way in the money.
  • #125
  • Apr 4, 2014 7:07am Apr 4, 2014 7:07am
Quoting TEB63
{quote} I do not like more then two trades that are closely correlated. I will normally only have one trade for the cooper list - maybe two. But if I have trade(s) that are up 50 pips or more I may discount those trade(s) ....(I really should move those trade(s) to BE - Sometime I do sometimes I do not) I normal do 4% per entry. I do not like having more the 16% in - again unless some trade(s) are way in the money.
Ok great,thanks for info.

Sorry for so many questions,but have one more..Is there particular sessions that you looking for trade or isn't important for you?

I prepared everything to start test from Monday.Will use gold and silver pairs only with entries on 1hour chart (sometimes 15 minutes with strong trend)

MM: Will enter in 2 positions always on pair,both 0.5% with 1:2 RRR and 1:3 RRR with second position in BE when hits 1:2

Cannot be in more than 3 pairs exposed if SL is not on BE trade.Thinking to enter on same pairs 2 times if I see good opportunity and SL is at BE.

Will send here thoughts and trades so i can learn from you.

My template looks like this.

Having swing pivots,daily pivot,will draw S and R and trend lines,rsi and Ma's.

Let's see how this will work!

Highest regards
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  • #126
  • Apr 4, 2014 7:14am Apr 4, 2014 7:14am
Closing out before NFP big expectation - so we could see big moves .
Do not want to take the chance had a good week
5 - wins as seen in
3 - TP
2 - Close in the money at 92 pips and 36 pips
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  • #127
  • Edited 7:45am Apr 4, 2014 7:34am | Edited 7:45am
LOL

ok bad USD NFP
and AUD is up lol
let see it drop

192k is not great !!


250K would not cover new people coming in to the USA job market
and that would not touch those who are out now.

Its great watching BBC vs The USA TV
the Libs control the USA - if it was Bush in the - the World would be ending (lol)
But because there is a Democrat in the white house192k is good
lol

BBC has it right.

But we will have the trends back in place for Monday
  • #128
  • Apr 4, 2014 8:53am Apr 4, 2014 8:53am
Quoting TEB63
LOL ok bad USD NFP and AUD is up lol let see it drop 192k is not great !! 250K would not cover new people coming in to the USA job market and that would not touch those who are out now. Its great watching BBC vs The USA TV the Libs control the USA - if it was Bush in the - the World would be ending (lol) But because there is a Democrat in the white house192k is good lol BBC has it right. But we will have the trends back in place for Monday
hi , please explain me about TP, i am little bit confused about closed trade

thanks
  • #129
  • Apr 4, 2014 9:15am Apr 4, 2014 9:15am
Quoting bappafx
{quote} hi , please explain me about TP, i am little bit confused about closed trade thanks

TP is take profit when the compute closes your trade down at your profit level
I closed the other 2 trades because it is NFP
I have lost more money NFP Friday - then all most all the other days of the month put together,
so I normally close out if I think there is anything funny.
today is funny.
I would rather not take chances.
I added over 3% to this account this week I am happy with that.
  • #130
  • Apr 4, 2014 9:25am Apr 4, 2014 9:25am
Quoting TEB63
{quote} Yes I think you got - but just to be clear for others There would have to be a full enter signal on the hour already! That would be ... Both the 20 RSI and the 5/12 cross in place . - not just the RSI cross like in the 4 hour and day. Then and only then do we drill down to the 15 minute chart and look for an entry - which is really a secondary entry on the hour.
Then i think i understood something wrong.

In an uptrend the EMA retracement has to happen on 1h? i though i could enter from 15m ema retracement if i dont see 1h retracement.

Because if move is very strongon 1h the emas are not making retracement (they "separate"). Thats why i moved to 15m to look for retracement.

Ill be glad if you clear this point as its very important. Sorry for inconvinienve. I read whole thread many times but understood this like this.

I also checked the recent AUD/CHF trade and there was a retracement on 1h but 2 candles BEFORE the RSI over 55.

So the though process was: 1h rsi over 5-4h also over 55-daily also over 55. Emas on 1h very separated (long wait for retracement on this timeframe 1h)...so i went to 15m and saw retracement about 12 candles later. I went in on crossback.

Thats how i understand it and very appreciate any correction.

Thanks TEB63
  • #131
  • Edited 10:12am Apr 4, 2014 9:39am | Edited 10:12am
Quoting ralf86
{quote} Then i think i understood something wrong. In an uptrend the EMA retracement has to happen on 1h? i though i could enter from 15m ema retracement if i dont see 1h retracement. Because if move is very strongon 1h the emas are not making retracement (they "separate"). Thats why i moved to 15m to look for retracement. Ill be glad if you clear this point as its very important. Sorry for inconvinienve. I read whole thread many times but understood this like this.


I think you have it now.
but no you never enter on the 15 minute chart unless you missed an entry on the hour.
that is why I said
- do not see your self ever trading on the 15 minute chart rather only the hour.
- the 15 minute entry is still an hour entry
The EMAs on the hour will likely close a little - not always.
But you must still be in a clear trend.

Its best to get in on the 1st retracement on the 15 minute chart
after the entry signal on the hour chart by the way.

That's it for we for the week.
I hoped it was helpful to everyone

I am starting a mini vacation and next week back to my normal weeks

cheers
  • #132
  • Apr 4, 2014 9:42am Apr 4, 2014 9:42am
Thank you TEB. C ya next week then. Enjoy the weekend.
  • #133
  • Apr 4, 2014 11:58am Apr 4, 2014 11:58am
Quoting TEB63
{quote} TP is take profit when the compute closes your trade down at your profit level I closed the other 2 trades because it is NFP I have lost more money NFP Friday - then all most all the other days of the month put together, so I normally close out if I think there is anything funny. today is funny. I would rather not take chances. I added over 3% to this account this week I am happy with that.

hi man, i think you don't understand my question, i want to say how you set your tp ?? which chart you use for tp ?? i mean 4 hr or anything else???
  • #134
  • Apr 4, 2014 12:07pm Apr 4, 2014 12:07pm
Quoting bappafx
{quote} hi man, i think you don't understand my question, i want to say how you set your tp ?? which chart you use for tp ?? i mean 4 hr or anything else???
I have answered this and is in the 1st post - please read
But targets - TP are normally from 4 hour or day
  • #135
  • Apr 4, 2014 12:27pm Apr 4, 2014 12:27pm
Quoting TEB63
{quote} I have answered this and is in the 1st post - please read But targets - TP are normally from 4 hour or day
yes got it, thanks man
see you monday
happyweekend all
  • #136
  • Apr 4, 2014 5:54pm Apr 4, 2014 5:54pm
Quoting Zokynho
{quote} Ok great,thanks for info. Sorry for so many questions,but have one more..Is there particular sessions that you looking for trade or isn't important for you? I prepared everything to start test from Monday.Will use gold and silver pairs only with entries on 1hour chart (sometimes 15 minutes with strong trend) MM: Will enter in 2 positions always on pair,both 0.5% with 1:2 RRR and 1:3 RRR with second position in BE when hits 1:2 Cannot be in more than 3 pairs exposed if SL is not on BE trade.Thinking to enter on same pairs 2 times if I see...

Looks interesting good luck.
Just remember to keep it simple.
the more complex the more that will go wrong

cheers
  • #137
  • Apr 5, 2014 6:22am Apr 5, 2014 6:22am
I got 411 pips for the week with this stysyem.


One thought for the weekend.
I see everyone trying to figure out the market -
I am not sure you ever can really. But the best chance to do that is a top down system.
This System is not designed to do that for sure - its a bottom up system.
We re-act to what is going in the market and we do not anticipate it.

Look at our charts 3 or 4 times a day - less when you have trade(s) on.
Don't care what was going on yesterday or even 3 hours ago- it doesn't matter
- I wiped all my charts on Friday so on Monday I will be totally clean.

Think of this system as a dance and the market is the man or the lead and we are partner.
- the market is Fred Astaire and we are Ginger Rogers
We you do everything the market does but backwards and in high heels (LOL)


Have a great Weekend
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  • #138
  • Apr 5, 2014 6:31am Apr 5, 2014 6:31am
Quoting TEB63
I got 411 pips for the week. One thought for the weekend. I see everyone trying to figure out the market - I am not sure you ever can really. But the best chance to do that is a top down system. This System is not designed to do that for sure - its a bottom up system. We re-act to what is going in the market and we do not anticipate it. Look at our charts 3 or 4 times a day - less when you have trade(s) are on. Do not care what was going on yesterday or even 3 hours ago- it doesn't matter - I wiped all my charts on Friday so on Monday I will be...
nice trade man , I have a question, how many pairs you trade ??
and I was backtest this system, its really good but we not get daily signal, right ??
  • #139
  • Apr 5, 2014 6:34am Apr 5, 2014 6:34am
Quoting bappafx
{quote} nice trade man , I have a question, how many pairs you trade ?? and I was backtest this system, its really good but we not get daily signal, right ??

I have a list of pairs in the thread - please read the thread. (Post 22)

I am not sure what you mean by daily signal?
  • #140
  • Apr 5, 2014 6:37am Apr 5, 2014 6:37am
Quoting TEB63
{quote} I have a list of pairs in the thread - please read the thread. I am not sure what you mean by daily signal?
i mean we not get daily entry with it in one pair, right ?? i have to wait for complete all conditions to take trade, sometimes i have to wait 2-3 days to get perfect entry ,right ??
hope you understand

sorry for to many questions
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