Ema Step System.

[maurizio77]

shezian,

Hi and thanks for the straightforward reply lol.

I won't become defensive and try to justify the system, from my perspective it has made me plenty of profit..and continues to do so.

I will however say that price action has been a little strange since the GBP topped 2.000, however that is a state of affairs world economists won't let last for very long, so things will calm down again soon enough.

Thanks for reading

[hisbride]

maurizio77,

What are you looking at to identify the cross candle? The shape of the candle? or where the EMA crosses the trendlilne? I am really new at this. Thanks very much

[maurizio77]

Hi hisbride,

Primarily i am looking for the EMA's to cross on a candle
If the bottom line crosses upwards then i will prepare to buy.
If the top crosses the bottom line i will prepare to sell.

Then i make my calculations for my stop (IF i use one, i know there are trading methods by the big players that wipe out stops deliberately to further push the price momentum, so i only use a stop if i am unable to monitor the trade)

I will then enter the trade as soon as the timeframe skips from the cross candle to the next.

When it comes to entry, i tend to use my slow stochs.
If i get a cross candle in conjunction with slow stochs breaking out of either overbought or oversold...i will start rubbing my hands together as i know the likelyhood is that it's gonna be a very good trade!!!

Once i am in, i look to my CCI.

When the CCI "peaks" (Looks a bit like a mountain) as soon i see it start to slope downwards again i will exit the trade.
It doesnt always do this on the lower timeframes, to get good at them to be honest takes a bit of practise, but starting on the daily-3hr timeframes will still earn you good profits....it just takes longer

If you do this on a dialy chart, you are looking at at least 100 pips, if it is a strong trend you could be looking at anything up to 500 pips.

This might take a few days (My average is 7-9 days for a trade on the daily)
but i find it simple and unstressful and that's just the way i like to trade.

Hope this helped

[nicesurf]

If we use EMA indicators, we'd better take time frame at least 1h chart.

Nic
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[rafiqs]

Hi maurizio77
can you let me know what currency you are looking at what time and do you do live day trading-- how do you plan the trade

Rafiq

[prosper888]

Hi all,

The thread seems to have stopped at #55. IS THIS THREAD STILL GOING ?

Regards,

prosper888

[edotrader]

Hi, I sow you are using MT. So do I

I can't find EMA in the indicators list. Do you have the script, or do you know where can I find it for metatrader?

Thak you

[maurizio77]

This post isn't dead.... i have been busy slaving at work and at my tradestation ;o)

edotrader, i don't use MT i use Oanda.

rafiqs, all the info on your question can be found in the previous pages.

So.....does this system still work?

Have i been hiding away in shame?

Judge for yourself, the diagrams on the posted pic will probably prompt some WTF!? responces, but just take your time and go from trade to trade, number by number.
I have tried to list the actions as bullet points, something i am sure everyone will understand.
Trade1
1.1
1.2
1.3 . . . .etc.


What i am trying to show here is MY THINKING behind when i enter and exit a trade, it's easy for me to sit here waffling on about CCI, fast an slow stochs but hard for some people to get their head around.......i am the same with other posts, i end up re-reading it a few times so my crumbling grey matter is forced to absorb it

So anyway, here goes.....let me know if it helped ok?........and YES i know i should have done each trade in a different colour but Hey!...i'm not Bill gates :P


OK

Trade 1

(1.1) CCI drops below +100, expect the price to go down.

(1.2) Fast stochs cross, the CCI trend is continuing...good news!

(1.3) We get our EMA Cross, this is our entry.(For those familiar with James' system, this is also an OB!)


The market wasn't moving much which made me a little edgy, so i got out at +42 pips....there was a possible 89 pips to be made.


Trade 2

(2.1) The EMA's cross upwards, excellent, but will it hold or reverse straight back?
(2.2) The fast stochs cross, giving confidence in the move.

(2.3) Just on entry the slow stochs cross, i am happy, this move will last.
(2.4) CCI has crossed +100, peaked and is now in plateau, time to get out....but this brings the possibility of another trade...a sell.


Trade 3

(3.1) CCI is in plateau, i am looking for the price to begin falling.

(3.2) Price tops out and begins to drop..this is looking promising.

(3.3) Fast stochs cross downwards, extra confirmation.

(3.4) Slow stochs now cross downwards, this move will be pretty big.

(3.5) I Entered at the opening of the next candle after the cross, just sat and waited for the CCI to do it's thing...peak..as soon as this happened i was out of the trade, waiting on the set up of the next one. I got out at +200pips, but could've made 270!!!


Trade 4

(4.1) Just as the CCI peaked for my exit of trade 3, the fast stochs were crossing upwards, good sign.
(4.2) CCI breaks out from the -100 line, more confirmation.

(4.3) Slow stochs cross upwards, you whats comming . . . . we get our EMA cross! The strength of movement is good, the stoch lines are far apart, stay in this baby!
(4.4) CCI is in plataue again, we have had a minor retracement, time to get out.......a happy +600pips to the good


As you can see, this system still works.

These were all done on the daily, so no sweating, no premature actions leading to disapointment in hindsight.....Just happily following the signals the market gives us.

If you are worried, practise this on demo, and keep going, keep going, keep going.....before you know it, you can spot all this in seconds, decide your action and then act upon it.

It won't work for everyone, but it WILL for some of you.

Good luck

[cryten]

hey, havn't posted in this thread but I printed every page and plan to demo when I get a chance to see the cross! glad your back!

I cant trade at work but I have just gone onto a later shift from 12pm till 8 pm, I plan to use demo oanda for the charting as my platform is in EST and i live in bournemouth GMT. My question is as ill have to make a move for work at around 11am do you think jumping in at 5 on the ema step and coming out of the trade or at least locking in profit around 11am and setting a tp could still work with your method?

cheers!

[jimocean]

Hi

does this method still works for u ?

i am just too curious..