Ema Step System.

[maurizio77]

Hey,
Unless there is very little movement throughout the day the News rarely affects this system. Not withstanding NFP of course which at its worst can turn a good trade on it's head and vice versa.

Benjimang has a point, theres gonna be some good cross candles soon.

And as for timing ya entry by using the 3/4Hr charts,,,,,,,i couldnt have put it better myself lol.

Luck to all in the coming days

[maurizio77]

Evening all

Grabbed an easy 80 pips today off USD/JPY, all i did was enter after yesterdays cross candle.......couldnt have been simpler, checked my trade just twice today.........now i'm out...........
I think U/J will continue up.....but i am looking at GBP/JPY again now as you normally get bigger movements on that pair....

Lets hope tomorrow plays out the way i think it will, the stochs are crossing upwards from 25ish.....When the three hour and daily are both oversold.....am reckoning on about 245.50 or 246.00 in the next day or two.

Best luck to all

[willsucceed]

Just read through the thread. Thx for posting Maruizio! I am eager to start demoing it. From what i can see this is a great entry system for trending currencies. My two cents would be to go strong with this in trending times on a larger time frame (1 day is sounding great) but beware when the market is ranging. Anyways i hope to post some success in demo soon!

ps Maruizio have you settled on a favorite pair or are there any pairs you don't want to touch with this?

[maurizio77]

Another good day for this system.

Wanted the daily GBP-JPY to start it's long-awaited climb up today, alas overnight trading wasn't too hot so the 3H stochs were still well overbought this morning........a drop was inevitable.

Climbed onto the first cross candle i could see on the 3H.

Triggered my 50 pips trailing stop but still walked away with 260 pips

Hope everyone did just as well

[Christo]

Can anyone enlighten me on what the "EMA STEP SYSTEM is."

Pliz help from what I read in the threads it seems to be effective. If there are any resources pliz provide me with the link

[maurizio77]

Hello all,

Another good trade today as the daily cross candle on the GBP/JPY brought us 100 pips by lunchtime BST.

Stochs seem all over the place now though, am staying out until i see a cast-iron entry...if that means i don't trade until WED or THURS next week so be it....although i reckon we may have some good trades on Tuesday.

Made well over 600 pips this week.......i have no intention of losing them on a whim or "gut-feeling".

Off to the Pub in a bit,

Have a great weekend.



p.s Christo, the system is on the first page of this thread.

Use it on demo on the daily first, get to know what you are doing before you take it to live trading or taking the timeframes any lower

[maurizio77]

Hi guys,

Just a quick question really........how has everyone got on this week?

Benjimang, Cryten....what sorts of results have you had with this recently?

Let me know guys

[Benjimang]

Hey Maurizio, good to hear from you mate.

I got hammered on Thursday by the move that you actually caught. Problem for me is that I work until about 9am GMT (I live in Brisbane, Australia). I was checking the trade at work, but I don't have a mobile tradestation. When I realised that a massive pullout from carry trades was happening, I couldn't do anything about it. That said, when I got home I placed opposite trades according to 30 min and 1 hour charts to make back around 80 pips across two pairs.

I'm pretty chuffed with my effort yesterday though. The carry trades were back on, so the Yen and Swissy crumbled. I only got onto GBP / CHF (buy) at 14:00 GMT.... everything was lining up from 15 min right up to 4 hour charts so I placed the trade, added a 45 pip trailing stop and pulled 165 pips before being stopped out. It probably could have gained more with a looser trail, but I don't really like leaving trades over the weekend, so all went well really.

I know you went well right? Have a great weekend and I'll see you back next week.

-Benjimang

[cryten]

hi guys,

I pulled 100 pips on the 15 minute chart, could have made more but set up tp to 100 and set my stop to lock in 30. I have a slightly diff approach on 15 mins. I set the candles to heiken ashi and add the T3 moving average set at 8exponential close volume factor 0.7.

The cross is alert and as soon as the candles are below the T3 I pull the trigger. Love the T3, price has to be cleanly above or below, if the T3 is interfering with the price I don't trade as the market is in a range.

I have been working on the 15 min setup so not been on the daily as much as I would have liked, have seen some massive moves after the fact, glad you guys got some pips bagged. Wish it was like this every week

"There are five primary signals that identify trends and buying opportunities:


Hollow candles with no lower "shadows" indicate a strong uptrend: let your profits ride!

Hollow candles signify an uptrend: you might want to add to your long position, and exit short positions.

One candle with a small body surrounded by upper and lower shadows indicates a trend change: risk-loving traders might buy or sell here, while others will wait for confirmation before going short or long.

Filled candles indicate a downtrend: you might want to add to your short position, and exit long positions.

Filled candles with no higher shadows identify a strong downtrend: stay short until there's a change in trend. "

[cryten]

This may be of some use, I had a look at the fozzy system a while back, plotted the rsi over ma on my chart and the best signals for huge moves seemed to happen when fozzy and ema step gave the same signal at the same time. Anyways therefore the info below may be helpful for any one day trading.

**credit goes to Vensik from FF**

Just wanted to throw an interesting thing out there for those of you big into backtesting. If you really want to do the due diligence make sure you give the trade a chance to work in Several different timezones. I backtested a trade last month that I am now trading. I backtested it in a spread of timezones because it opens on the open of the new day candle. Different time zones open that candle at different times, and therefore have completely different indicator values. ie. stoch's, cci, macd.

The difference in the results was amazing. between PST, EST, and GMT. GMT is hardly tradable, while EST is giving me good returns since I started trading it live.

Here are screenshots of my backtest. Notice GMT pays less than 50% of the time, while EST pays 68% of the time. Thats a huge difference.


This backtest is across 2.5 years worth of trades. I just thought the difference was amazing. From 2800 pips to 8000. Thought I'd share.