hello maurizio
may i follow your system…
hello maurizio77.,
big thx for the ebook…
i just start trying the ema system…
and i think it easy to use…
btw before the ema, i just using the custom fibo,pivot and bb and it take some time to succes…im from malaysia and im lack of something in understanding forex (english problems) but still got interest in it…
here i want to ask you some quite silly questions…
1.what is the major pairs you usually trade…
2.when the pairs going to Flat or Ranging or Trending Market… <–the main problem
i want to know in gmt+0
I do…appreciate the kindness everyone is showing to newbius here.
Thank you all…
Has anyone else managed to get this system to work except from Marurizio77. i dont know what im doing wrong but i keep entering trades that retrace and i get stoped out … even though i get all the correct signals (ema cross, cci and stochs)
This strategy does work. Assuming you are correct in being able to enter when all 3 signals line up then the only other explanation is that your stops are too tight and/or you are trading in low volitility times or around news events. I even get out of in-profits trades 15-30 minutes BEFORE a red flag news event and stay out for another 30 minutes after. See if any of this fits your situation and try 1H time frames, dropping down to the 30M for enter/exits. d.
edit: one other thing - are you entering too close to S/R? Being too close to either one doesn’t give your trade room to grow just as entering a non trending (sideways) situation doesn’t have enough momentum and therefore hitting a tight stop is an all to real probability.
Was off trading for some time. However, I did enter the GBP/JPY trade after the NFP news. The 5M, 15M, 30M, 1H and 3H were in overbought zone, therefore, I entered short when the triggers were met on 5MTF. What I failed to see that I was in the midst of the uptrend on all the time frames and as such my stoploss triggered.Very important to see the Big Picture instead of the indicators alone. Also even if all indicators are aligned we must check the bigger picture to see where we are with respect to Pivot points. Support and Resistance lines.
Hope to do better next week.
Do we have to wait untill all the time frames are in the overbought / oversold area before going long or short. alot of the time i might see that the 15 min is in the overbought but the higher time frames are not
also do we only enter long or short based on the overall trend. e.g. if the daily chart is showing a downtrend to we only enter when all the signals are indicating a short position ?
Excellent post, Dobro, right to the point!
Regards
No, I don`t use the higher TFs as a trend filter or look at them for identical multiple TF signals.
O start from daily and go down til I find a TF which is not FLAT. The highest TF that shows trading conditions as per pdf!!! ANd then trying to ride to an even higher TF! So going down til you find a TF for trading, then trying to go up, but not switching and jumping TFs.
Regards
Hi Maurizio and anyone else who would like to comment,
I will try and explain my question so you can understand as it makes sense in my head but not sure how it will read in a thread
If im Following the assertive trader entry with three lots i would close one lot at the first profit target , this i get , but at the second profit target i should close the second lot and check for a step on the next T/F and if a step is developing i would open two more lots,
So i would in effect ( if a step was developing or already there) be closing one lot and then immediatly opening two more so im paying the spread of that currency again on one of the lots. would i not be better just looking for a step leaving the two lots i have and just open one more to make three again ?
Thanks in advance
Rich
i managed to make 42 pips on EUR/USD this morning with the system 
…, but then lost 20 pips lol … still got 22 thoguh
Nothing wrong with that, a plus is a plus. You might look at the +42 pip area and decide if that was more pips or less pips for that particular TF. Myself, I sometimes get excited watching the +pip count go up and then backtrack only to realize later that at the start of the backtracking I had already garnered more pips for than that particular TF usually gives. A minus 4 or 5 pips was all I should have allowed. But 22 pips in the bank is a good shot. d.
Hi maurizio77
I still got confused about how to filter fake trades. As shown in the pic, 3 of 5 would be failed trade, furthermore, the rest 2 did not have great RR (roughly 1:1).
You comment will be highly appreciated.
Thanks a lot!
Simon
M. -
I am confused regarding the drilling down on TFs to find the setup. That is, if I see a setup on the 5M, let’s say Buy/Long, but the 1M is just the opposite, Sell/Short, what should one do? Which one is more valid? Or just sit it out for a while?
Your insight please. d
Yeah i was wondering the same sort of thing … do we only enter a trader if ALL the time frames are the in correct position …e.g. short when stochs above 80 and CCI above 100 on all time frames ? what if the 5 min is showing the correct signals for a short trade but 30 min and 1 hour are showing something else ?
Does anyone use FXCM platform … i cant get a EMA 1 on their charts the lowest they go is EMA 2. Anyone know how to programe a EMA1 indicator ? otherwise im going to have to pay £95 for the FXCM programmers to do it for me
If you are in demo then try EMA2 & 6. Or 2 & 5. I don’t think it will make that much difference. Or download the MT4 platform from Metaquotes, use the M77 settings but place your order with FXCM.
EMA1 is just the Close price, actually you don’t need it.
So how could you tell then that the EMA5 crossed “something”?
[QUOTE=Dan89;177365]Yeah i was wondering the same sort of thing … do we only enter a trader if ALL the time frames are the in correct position …e.g. short when stochs above 80 and CCI above 100 on all time frames ? what if the 5 min is showing the correct signals for a short trade but 30 min and 1 hour are showing something else ?[/QUOTE]
Im not an expert and still trying to get this right but i think you would wait for the lower time frame to match up
if you have a cross on the daily i might go to the hourly and wait for that to cross
or a cross on the hourly wait for the 5 min to cross
if i try to look at to much at the same time i go a bit loopy
im trying myself at the moment to wait for a three hour cross then waiting for the 15 min to match but having said that i have two trades that are going the wrong way at the moment