Ema Step System.

[corei]

Thank you for sharing your work Maurizio ..... it's the system I've been looking for (not yet practicing it). Looks like it is answer to my questions .

Prior finding this system. I have tried combining trend lines, CCI and EMA 2 and 4 ... but the system was in very initial stage.

Several days ago I found this thread to Google and .... bam! got most of the answers here.

This probably a solution to my current crisis. Lost a house and a lot of money since the beginning of Jan 2008 in both mutual funds and stock markets.

Thank you for being generous ..I wish you more success and happiness in your endeavour and I wish all the folks at babypips.com big success too!

[corei]

A bit confused here ... in the EBOOK CCI setting is 20 and BB is 14,3 but it was mentioned in Maurizio's post that CCI is 25 and BB is 14,2

Is

Which one is correct?

Thx

[corei]

Hiya Folks,

I can wait for hours before an ideal setup formed. Is there an easier/faster way to find an ideal setup?. a third party scanner s/w that can be programmed to find currency pairs that ,for example met this condition , CCI is above/below 100, stochastic below 20 . etc etc.

Thx

[corei]

Based on my experience, it is a rare occurence for all 3 indicators to culminate . Can wait many hours for them to culminate. How do you guys manage to find trading opp with this system fast? thx

[amak]

Hello Maurizio77. Thanks for sharing your systems. May I know the link for james post ? so i can follow ?

[mprince74]

Hi Maurizio77,

I am very new to forex and I've been trying to figure out the charting software on FXCM in regards to the settings you use on your charts.

1. When I go to set up the EMA5,EMA1 it asks me if I want the history off of the open, close, high or low. I'm not sure what to pick here. Second I'm assuming that the 1 and five refers to the number of periods? If so the charting software allows me to do a 5 period but not a 1 period. Any ideas? Also, are the EMAs the lines that are crossing on the chart?

2. On the slow stochs chart the settings are Period for %k, Period for %D and Period for slow %d. I believe you listed 14,3 here but I have three places to fill out. Could you please help me out with what I am missing?

3. And for CCI I was trying to find a reference to it under the babypips school but could find it. Maybe I just blew by it and didn't notice but if it isn't there could you tell me where I can find out what this indicator does?

Thanks for all you have posted so far.

[maurizio77]

Hmmm.

I haven't used FXCM for aaaaaaaaages.
I have just gone onto it and all the charts have changed since last time.

They offer loads of different charts an stuff.

I looked on the netdania one.

The period you want is 50.

The EMA's can be found under "Studies", then "Moving Average Exponential"

Then create one for 5EMA, and then one for 1EMA.

These ARE the lines that you want to see crossing, if they cross downward expect to sell, if they cross upwards expect to buy.

If you are new at this i would suggest that you wait for crosses on the daily, now this might take some time and patience, but that's what trading is all about.........waiting until the indicators show what you want to see.

However, if you are just demo-ing, i wouls say try as much as possible, experiment, get to know how your tradestation works, you need to be as automatic with your tradestation as you are when driving your car, so everything comes natural to you.

I use candlestick patterns, so if you havent got that selected, then do so, again on the netdania charts it can be founs under the "Chart type".

On the slow stochs, 14,3,3 is fine.

Commodity Channel Index (CCI)
The CCI is a timing system that is best applied to commodity contracts which have cyclical or seasonal tendencies. CCI does not determine the length of cycles - it is designed to detect when such cycles begin and end through the use of a statistical analysis which incorporates a moving average and a divisor reflecting both the possible and actual trading ranges. Although developed primarily for commodities broker, the CCI could also be used to analyze stocks as well.

Hope that helps a bit.

This is also on the netdania charting package.
Again, under the heading "Studies" you will find CCI about 2/3 of the way down.

Good luck friend

[mprince74]

Thank you for posting a reply.

So is netdania a charting software that can be used with whatever trading platform you are using? Is this typically how most of you guys are trading?

[ljyljl5555]

Hi maurizio77 ! could u explain to us how do u use ema step in lower Timeframe? below H4... Thanks

[bafukie]

ljyljl5555, i believe the system works the same for 15mins, 30mins TF according to maurizio77.

one thing i would like to ask is it possible for the cross candle to be in the same direction as the EMA always? eg red cross candle (price goes down) and ema 1 cross ema 5 from above. or blue cross candle ( price goes up) and ema 1 cross ema 5 from below.