Ema Step System.

[maurizio77]

Originally Posted by Pickle152

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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

Pickle, not sure what you are asking me here......
Are you asking that if there is a cross on the lower timeframe you factor that into your decisions on a trade on the daily??? Sure you factor it in, but your main decision should be made on the information provided by the timeframe you are trading on, which in your case i believe would be the daily TF.

In answer to your question about giving up my job, no i have not. A funny thing has happened actually, something i didn't forsee, and that is this...... now that the pressure is off (i am making more than my wage in trades now) i actually ENJOY going to work! Honestly, i didn't see this coming. My trading now seems my income and my job now seems my hobby. It's wierd, i can't really describe it.

Also, if i am totally honest with you, the prospect scares me. I like the people i work with, the girls are pretty and the guys are a laugh..........if i left work and just traded all day, i am scared i might become some sort of anti-social wierdo. LOL

[strangeoak]

hey maurizio!

dude, i gotta say this seems like a very solid strategy! i just started trading forex this past week after a 2 year break, and i am very excited about putting your strategy to the test.

i do have a couple of questions, though. do you still trade mostly from daily charts, and if so what lower TF do you go to to make sure the trend is continuing in your favor before entering? 4 hour? which pairs are you currently trading? could you post a chart of a recent trade just so i can make sure i completely understand how your strategy is working in the current market?

i know there are quite a few requests here, but i would greatly appreciate your input!

cheers from philadelphia,
--strange

[wltam]

Is still anyone using this system?

[heartstart]

I am in a demo account. It has proven very successful when going at it in a covervative approach. When the setup occurs I am going for marginal gains i.e. 20-25 pips. Once I am confident and can see it I will let it run longer. I have been using it for about a week and half and it has been working so far. I will test it for about a month before putting real money into it. I have been burnt by strats(emtionall and financially) and will take my time with this one. But it is looking REAL GOOD when going at it conservatively.

[zlrfx]

So are you trading with the trend in lower TF? Or do you just enter when the system says no matter what way

[heartstart]

enter when I see it and get out on my conservative apporoach method. I don't look for big pip gains.

[4win]

I will be testing this system, i have backtested it on eur/gbp, and it looks good i have picked out one trade,i will use it in a current contest, (if i get entered) 2 weeks long, and report back

waiting for the next time candle to come in to play is a good tip, same step i was using with the 20 pips system, by polishpips,

thank you for both sharing,

wltam - their are no BB on the 1st page of this system ? in Maurizio pictures their is no bb aswell, have you added it your self?,. i do flick bb on and off myself,i do this because the chart just looks over clogged,.



im sure Maurizio would agree, thank you again,.

Also looking at TRO method, which seems to have made ermm a major impact accross a few forex forums,.

[pipsrgood]

I like this system and it seems to work pretty well.....One question: What time of day do you normally trade. I'm on Eastern Standard Time (NYC) and I have a small business as well as a part-time ambulance job. I am still able to dedicate four to six hours per day to trading and I am most mentally sharp in the morning...I usually trade between 8 AM and 12 PM EST.....Have you found this to be a good time to trade this system and this pair?

OOPS, one more question:
If a trend is looking really strong do you ever enter "mid-tream" or do you always wait for the cross?

Thank you in advance for your response.

[pipsrgood]

One more question just came up:
Has anybody tried this system on any other pairs yet? If so, what kind of results have you seen?
Thanks

[pipsrgood]

For what it's worth:
I just made 150 pips in less than 1/2 hour with this system......
Thank you for posting this...it's such a huge help