Ema Step System

FXRYAN · July 21, 2009, 9:48pm

Here is a trade im in right now

FXRYAN · July 21, 2009, 9:51pm

and another

blomstergutt · July 23, 2009, 11:19am

Hi Mauritzio

I’m very interested to read your strategy! Could you please e-mail me a copy of your eBook?
I’d be forever grateful.

Kind regards
Michael

nwongie · July 24, 2009, 10:20am

Guys,

Could somebody send me the ebook

Greatly appreciated.

Thanks

tetaflux · July 24, 2009, 12:29pm

Hi everyone, I’m new in Forex Trade,

Could someone send me the Famous Ebook ?

Thanks !

mano · July 25, 2009, 5:04pm

:)Just link this to your browser: scribd.com/doc/16871718/The-Ema-Step-Forex-System

cliftonarms · July 29, 2009, 6:12am

I am new to this thread and Babypips, and fairly new to Forex, but am very excited to see what seams to be an honest and profitable system developed by a person not out to scam ( Maurizio ) and his students.

For those of you new to this thread I have printed it out in its entirety and am currently absorbing it. For your ease I have attached the word copy of this thread up to this post, so you don’t have to spend time copying and printing each page.

I would advise suplimenting Maurizio’s ebook by reading this entire thread so you can begin to “live and breath” this system before trading.

Regards
Cliftonarms

tetaflux · July 30, 2009, 3:44am

Hi everyone i’m new to this thread !

I would like to have your view about my trade, is that a good entry ?

Thx !

maurizio77 · August 1, 2009, 8:25pm

Guys i am more than happy to help you with this system, but when you post your secreenshots, could you please highlight your entries as i cant see where you got into the trades.

thanks alot.

cliftonarms · August 3, 2009, 11:46am

maurizio or other veteran EMA step traders

There was talk earlier in this thread of a skype chatroom specifically for live EMA step traders. Did this ever come to fruition ?

If not perhaps we could set one up for live trading chat and have this thread for EMA step education.

Any thoughts as I don’t want to step on any toes here.

maurizio77 · August 10, 2009, 11:57am

Go for it.

CarsonS9 · August 10, 2009, 5:49pm

where did the discussion on this system go?

alan123 · August 11, 2009, 1:42am

maurizio77:

Hi There,

I am pretty new to this, but so far i have found just two systems that work for ME.
The first one i use is the EUR/USD 45 pips a day system that was posted by James. I haven’t ever actually got 45 pips from this system, but 20-30 is common…i trade $4 pips currently, so it adds up to about $2K a month…I owe James a ty for that

The second was one that i stumbled across when i was “playing”.

I don’t like complicated systems, as i find it slows me down at the most crucial moment and i end up missing pips and getting a bit frustrated.

I liked the EMA systems i have seen, but all too often they cross half way down a major move, and you end up catching the “tail” of the trade, or at worst, end up entering right at the point of a retracement!!!

I would not say this is a Holy Grail and it is not perfect. I have worked out that i win about 4 out of 5 using this system. But the winning trades are always much larger than the losing ones.

Anyway, let me know what you think…

So after playing about and watching the results, the closest to the move i could find was this;

Ema5 (White)

Ema1 (Yellow)

I have RSI (14), Slow Stocs (14, 3) and CCI (20) up too, this is just my preference, i use it to try and predict when a cross-candle will appear…for this system i don’t really need them.

I use this mainly on GBP/JPY on 15m, 30m and daily. (Daily is generally the most lucrative and predictable but requires patience, it can sometimes seem a small reward for such a long wait)

This is what i do;

I will wait for the Ema’s to cross and for the timeframe on that “cross-candle” to have almost come to an end.
Once i have seen the cross, i am looking to enter as soon as the timeframe makes the step to the next candle, i will enter in the direction of the Ema cross.

If i am at my desk i will not use a stop ( i use a mental stop in this instance), if i am going to be away from my desk i will put on a stop of 3/4 of the cross-candle.
So say the cross-candle was 100 pips from OPEN to CLOSE i would make my stop 75 pips…if the cross-candle was 80 pips OPEN to CLOSE, i would make my stop 60 pips etc…

Take profits;

I tend to use a trailing stop, and as i use Oanda i have to do this manually. (unless anyone knows any different)

This depends on the timeframe you are trading on;

On 15m chart i use a trail of 10-15 pips, looking for an overall 25-40pip trade.

On 30m chart i use a trail of 10-15 pips, looking for an overall 30-50pip trade.

On daily chart i use trails of 25, 50, 100 & 150 pips, looking for an overall
2-300pip trade.

I just looked on my history and for my last 15 trades i won all but 3 using this system. 4 of those trades were on the daily and netted me over 200 pips each.

Let me know what you think,

Maurizio77

Ignorance disclaimer:

is ema5 same as ema for last 5 periods?..and by that logic ema1 would be closing price of last period only? is that true?

What is a cross candle?

How do you use cci?

Even if you dont type in, an online reference link wud be great too

Thanks

traderkenny · August 12, 2009, 5:04am

you may take a look to larrysbook.com
there are some useful book for you to learn how to trade

MasterIllegal · August 12, 2009, 5:31am

hi, i read thru e EMA pdf but there are some queries that i would like to enquire…

from the pdf, i know when to take entry, but as for exit? i do not know how to see which one is e signal to exit… can anyone explain to me? thanks a million!

For now, my take profit signal is +10 pips , e same goes for S/L… thanks

maurizio77 · August 21, 2009, 6:18am

Hello all.

I agree, alot of people have problems with the exits on this system.
I realise since i have been doing it so long it is second nature to me now, which is not the case for those who are trying to learn.

I try to exit a trade at the pinnacle of the CCI on the opposite side.

For example if i sell, i will sell at a step in a downwards direction when the Stochs, CCI and EMA Step indicate for me to.

My exit is at the opposite ‘Peak’ of the CCI, when the Stochs are also overbought/sold.

This then gives me a chance to enter in the opposite direction if the signal is given, in ranging markets you can do this all day. In trending markets you evolve a timeshare trade, all of which has been discussed.

So to recap.

Your exits should coincide with the peak of the CCI on the opposite side on where you entered.

See the circles . . .

amak · August 21, 2009, 8:20am

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

Matt514 · August 21, 2009, 2:04pm

Hi,

I`m an FX noob as well so, I’ll do my best. Yes, I believe ema5 means for the last 5 periods. I was a little confused, at first, about the ema1 concept, but it appears to be working and is a little more clear in the screenshots that people are posting. The cross candle, from what I gather, is where the ema1 and ema5 cross within a candle. I’m not entirely clear on this yet because it seems that different charting programs connect the ema1 to the candle itself in different places and some put spaces in between candles while others don’t. As for CCI, I would say confirm a buy position with an upwards cross of the -100 line and vice-versa. Hope this helps!

James_Gastovski · September 2, 2009, 9:39am

Hello everybody!

Maurizio77 would you enter this trade? (daily) If no, why not? If yes, when?

Thank you!

maurizio77 · September 2, 2009, 11:15am

I detest these charting packages that don’t show the crosses ON the candles, but instead inbetween. As i am not familiar with them i can only offer this advice…

If i were trading the daily as you seem to be here, i would be looking at my 3 or 4hr chart aswell to see if that is as overbought as the daily. If it is indicating that it is indeed overbought then yes i would definately enter a sell here. If on the other hand the 3 or 4 hr chart was indicating a buy i would enter using a lower timeframe to catch the upsurge then, once that seems to be exhausted your 3 or 4 hour chart will look just like this daily chart, then i would enter short.

Good Luck.

P.S, Remember that the higher timeframe you trade, the longer time it can spend in overbought or oversold scenarios.

If you are going to be playing on the daily candles, make sure you get confirmation from your 3 or 4 hr charts.