Ema Step System.

[metalorn]

Eurusd short stopped at 1.4720. This trade made me +33 pips.

Originally Posted by metalorn

Hello,

I'm using IBfx. The 4h chart on eurusd shows a good setup for a short entry at 20:00 GMT. Stochastics is a bit oversold and CCI is also low, but both are pointing down. There is a level of support at 1.4700 so that would be my target. The current 4h candle is about 50 pips high so the stop loss would be around 38 pips. I'll include a 15 pip trailing stop.

rafa.

LAST MINUTE EDIT after 20:00 GMT:
I entered short at 1.4753, trailing stop=15, mental stop @1.4789

[metalorn]

stopped:
eurchf +9
eurjpy +30
usdcad +10

I'm thinking on using 25 pip trailing stops instead of 15 pip.

Originally Posted by metalorn

eurchf short @1.6157, sl=1.6210
eurjpy short @1.6091, sl=162.0000
usdcad long @1.0528, sl=1.04800

keep an eye for
eurcad long 4h chart
eugbp short 1d chart

[pipnailer]

id this thread still alive?

[maurizio77]

Yes this thread is still alive.

Yes i am still using it.

Yes i am still having success with it.

Sorry to be blunt, but that is simply how it is

[Pickle152]

Originally Posted by maurizio77

Yes this thread is still alive.

Yes i am still using it.

Yes i am still having success with it.

Sorry to be blunt, but that is simply how it is

-------
Maurizio ...Did you give up your day job or is much easier for you to go to work (now that your making good trades)?

I just started on a demo acct and I'm 2/2 so far.

Question....when looking to trade the daily and using a smaller timeframe (i.e. 30m) if the 5&1 EMA cross and point down and the Stochs are below 20 and pointing up, do you hold off on the trade, or do you not factor on the stochs and focus on the EMAs cross even on the smaller time frame?


Thanks,
Pickle

[wltam]

Thank so much Maurizio
I use a whole day to go thr this thread.
I would like to know the most updated version of this step is from the Post of #170 ??
Thank so much

[wltam]

Here is quick summary of this system
I just copy from the previous post.


Slow stochs....set at: 18, 3 ,3.
CCI set at: 25.
Bollinger bands set at: standard, 14, 2.0.
1 and 5 EMAs


On a short
Stochs above base line.
Price above top bollinger band.
CCI above +100 base line...breaking.

Entry Point: the opening of the candle after crossing candle

STOP LOSS: This should be placed 10 pips above the highest point of the price break of the BOLLINGER BAND
TAKE PROFIT: should be 5pips below the BOTTOM BOLLINGER BAND LINE

EXIT: when the CCI and SLOW STOCHS break upwards from their base line




Want to ask a question
Attached pic is the post #174
Why there is entry point within the bb band?
Or there are just the signal from other indicator is ok?
Thank~

[Pips4Breakfast]

Originally Posted by wltam

Here is quick summary of this system

Gee, thanks for summarizing it here instead of me having to go thru the entire thread. This is just what my poor brain needs after having me force it to read so many other posts.

This system is on my list of "Things To Try" now

[wltam]

i am trying to use this system for a few days......which is making profit~~~

[Pips4Breakfast]

Originally Posted by wltam

i am trying to use this system for a few days......which is making profit~~~

About how many pips have you gotten over the past few days? Have you kept account?