They just signify an EMA/EMA or EMA/SMA Cross.
That all.
I think i may have over complicated things with that zip file.
I will make another one soon with even simpler instructions.
I want the biggest dumbass to be able to take this and make money.
I will get back with it soon.
Regards,
E. Lang
[B]TRADE #011[/B]
[B]~GBP/JPY~[/B]
12.04.2007
[B]Entry[/B] - 235.76 
[B]Lots Traded - [/B]2.0
[B]Target 1 / 10 PIPs[/B] - 233.76 (LIVE)
[B]Target 2 / 30 PIPs[/B] - 233.56 (LIVE)
[B]Target 3 / 50 PIPs[/B] - 233.36 (LIVE)
[I]INTRA-DAY[/I] [B]Stop Loss[/B] [B]/ 51 PIPs[/B]- 235.25
[I]SWING [/I][B]Stop Loss[/B] [B]/ X PIPs[/B]- 234.64
[B]Lash[/B] - 0 PIPS
[B]TRADE TYPE: 100% Mechanical[/B]
(Entirely Indicator Based / No Technical or Fundamental Anlysis)
[B]STATISTICS[/B]
[B]TOTAL [/B][B]Profit Since Trade #001 /16.03.2007/: +[/B][B]941 PIPS [/B]
[B]TOTAL [/B][B]Loss Since Trade #001 /16.03.2007/: -[/B][B]140 PIPS[/B]
[B]TOTAL[/B] [B]P/L On Current Trade: [/B]
B[/B][B] PIPS[/B]
[B]SUM TILL DATE:[/B] [B]801 PIPS [/B]
[B]RECOMMENDATIONS:[/B]
Close your first lot when you hit 50 Pips Profit (Or a Target of your choice T1-T5) and set a SL for the remaining lot 5 Pips ahead of your Entry Position or at B/E so even if the trade goes against you, you will close with a minimum of 50 + 5 PIPs profit or no incurred expense.
Hey Elang.
I do not see the long signal you just posted above on my charts on any of the time frames. Where did you get your long signal? Thanks.
Effi should we go long or short. Green arrow indicates to go long while targets indicate to go short. Please let us know.
The trade is long, if you are entering now you stop should be at ~235.15
As i always recomment pick a target T1 to T3 and close your first lot when you hit it, then trail your second, so whatever happens you have your initial profit and its not going anywhere.
I’d like to start adding long term targets from now on so i will be differenciating them by TL (Target Long-Term) and TS (Target Short-Term)
So
TL-1: 237.3872
TL-2: 239.79
TL-3: 243.6772
Regards,
E. Lang
I’m still holding this trade i expect it to resume the uptrend not too long from now.
Regards,
E. Lang
E. Lang,
What chart do you look at to get you signals from? The H1 showed a short signal, so would that not have been you exiit from you long position held prior? Also, price action was below the mid range of the previous days high and lows. Isn’t this a bearish bias?
Thanks.
thanks for posting this and other systems for us!
when will the new version be ready?
I am eager to start trading it!
Elang - you are my main man!!
Entry - 235.76
INTRA-DAY Stop Loss / 51 PIPs- 235.25 (HIT)
SWING Stop Loss / X PIPs- 234.64 (LIVE)
Our targets still remain the same:
Target 1 /Long Term/: 237.38
Target 2 /Long Term/: 239.79
Target 3 /Long Term/: 243.677
We will be nearing 237.38 tooday or tomorrow. I will monitor the profit taking volume at this level and if the correction is small, we will look forward to 239.79 (T2).
You should have locked your 50 PIPS in by now, so from here onwards we will let the price trail to T2 and T3.
I’ve attached a chart to show you why i chose my long term stop as 234.64
I place a lot of my stops below 61.8%
Regards!
E. Lang
Hello Elang,
I am a novice elliottician and I read thru your whole thread here and found it very very helpful and I plan to follow it until we are all millionaires. I just wanted to add my input on the wave count scenario I think we are in and see what you think.
It looks to me like we are currently in a wave 3 of III. as you can see wave 1 of III was extended and wave 2 was pretty simple which means wave 4 of III is going to be a bear to trade. Anyway I do believe it will be smooth sailing up to at !!LEAST!! 240.50 - 241.50 to end our wave 3 of III.
Also if you look on the weekly chart it looks like we are in the middle of a Major wave 5. Which tells me that if we have a major wave 5 = Major wave 1 we are looking at a top at 249.72. It should be interesting to see what happens.:DElang -
Keep up the great work…you’re a great contributor to this site.
I see from your last thumbnails that you may be in a trading contest? how is that going?
VMcD
[B]SUMMARY
TRADE #011[/B]
[B]~GBP/JPY~[/B]
12.04.2007
[B]Entry[/B] - 235.76
[B]Lots Traded - [/B]2.0
[B]Target 1 / 10 PIPs[/B] - 235.95 (HIT)
[B]Target 2 / 30 PIPs[/B] - 236.05 (HIT)
[B]Target 3 / 50 PIPs[/B] - 236.14 (HIT)
[I]INTRA-DAY[/I] [B]Stop Loss[/B] [B]/ 51 PIPs[/B]- 235.25 (HIT)
[I]SWING [/I][B]Stop Loss[/B] [B]/ X PIPs[/B]- 234.64 (HELD)
[B]Lash[/B] - (-100) PIPS
[B]TRADE TYPE: 100% Mechanical[/B]
(Entirely Indicator Based / No Technical or Fundamental Anlysis)
[B]STATISTICS[/B]
[B]TOTAL [/B][B]Profit Since Trade #001 /16.03.2007/: +1109[/B][B] PIPS [/B]
[B]TOTAL [/B][B]Loss Since Trade #001 /16.03.2007/: -[/B][B]140 PIPS[/B]
[B]TOTAL[/B] [B]P/L On Current Trade: [/B]
[B]+168[/B][B] PIPS[/B]
[B]SUM TILL DATE:[/B] [B]969 PIPS [/B]
[B]NOTE:
[/B]Despite the trend looking good, i believe there will be profit taking now that we’ve hit Long Term T-1.
I’ve closed out my position. I will look for signs of the correction termination before i reneter with eyes on Long Term T-2.
Even thought i used the Swing Stop for this trade, you can see i had good data to do so. I was pretty confident in a bullish rally continuation.
The TA paid off and we’ve managed to cover our previous 2 losses + make some profit. All in all we are +969 PIPS ahead since the 16th of last month - so thats one month today.
These results are good. 
Best Regards!
E. Lang
Hey Elang,
I got back in after I talked to you around 237.18 after price retraced and touched the 38.2 Fib. Up about 97 pips. How do you judge your TP’s? Thanks.
Adam
Thats great to hear!!!
I use Fibonacci extensions and S and R then i compare it to TA by brokers on Forex Trading, Currency Forecast, FX Trading Signal, Forex Training Course, Education, Tutorial, FX Book, Forex ebook, Learn to Trade Forex, FX Guide, Pivot Points, Currency Rates, Forex Secret, Forex Brokers, Currency Trading System, Online Forex Ma
Regards,
E. Lang
Good Day!
We will be trading GBP/USD this month so if you would like to feel free to brief yourself on the current situation:
[B]GBP/USD[/B]
[B][/B]
Cable rises strongly to as high as 1.9940, breaking mentioned 1.9913 high as expected. At this point, further rise is still expected to follow as long as cable stays above 1.9861 minor support. Next upside target will be 61.8% projection of 1.8517 to 1.9913 from 1.9183 at 2.0046. Below 1.9861 will suggest a short term top is possibly formed and bring pull back to 1.9781 spike low again but downside is expected to be contained by 1.9723 support and bring rally resumption.
In the bigger picture, rise from 1.8090 is interpreted as having first wave finished at 1.9142, subsequent second wave correction completed at 1.8517. Third wave rally has completed at 1.9913 while the fourth wave correction has already ended with three subwaves down to 1.9183. Current rise from 1.9183 will likely be the final advance of this rise from 1.8090. The channeling property of the terminal points of 1.9142, 1.8517, 1.9913 and 1.9183 is supporting this case.
Having said that, resistance should significantly increase as cable approaches 61.8% projection of 1.8517 to 1.9913 from 1.9183 at 2.0046. Also, consider that cable will be near to resistance zone of 2.0106 (92 high) and 100% projection of 17047 to 1.9024 from 1.8090 at 2.0067.
With bearish divergence on condition still being displayed in weekly RSI as well as daily MACD, risk of medium term reversal will significantly increase. Hence, focus will be on reversal signal as cable approaches this zone.
On the downside break of 1.9591 support will indicate that the rise from 1.9183 has completed. More importantly, this will be the warning of an early completion of the whole rise from 1.8090. Focus will then be on above mentioned channel support (now at 1.9353).
[B]TRADE #012
[/B]SUMMARY
~GBP/USD~
17.04.2007
Entry - 1.9885 
Lots Traded - 2.0
Target 1 / 10 PIPs - 1.9870 (TERMINATED)
Target 2 / 30 PIPs - 1.9850 (TERMINATED)
Target 3 / 50 PIPs - 1.9820 (TERMINATED)
INTRA-DAY Stop Loss / 50 PIPs- 1.9935 (HIT)
SWING Stop Loss / 52 PIPs- 1.9937 (HIT)
Lash - 92 PIPS
TRADE TYPE: 100% Mechanical
(Entirely Indicator Based / No Technical or Fundamental Anlysis)
STATISTICS
TOTAL Profit Since Trade #001 /16.03.2007/: +1109 PIPS
TOTAL Loss Since Trade #001 /16.03.2007/: -190 PIPS
TOTAL P/L On Current Trade:
B[/B] PIPS
SUM TILL DATE: +919 PIPS
RECOMMENDATIONS:
Close your first lot when you hit 30 Pips Profit (Or a Target of your choice T1-T3) and set a SL for the remaining lot 5 Pips ahead of your Entry Position or at B/E so even if the trade goes against you, you will close with a minimum of 50 + 5 PIPs profit or no incurred expense.
Hi Elang,
Great system you’ve got here and thanks for your constant contributions. I’ve been following this one since the beginning and have done pretty well. I read a while back someone mentioned making an EA out of this. I’m sure it takes some time but does anyone know if there has been any progress on this? Thanks and keep it up guys
E
Hi Elang,
I was wondering do you send these information on any instant messaging services such as yahoo messanger?
Thanks
Mike
Hi,
Anybody has any idea what are those attached files and how could we use them?
They are *.mq4.
Thanks
Mike:confused:
