I remember going through (and printing off) this whole thread a year or so ago… it’s a great thread to learn about timeframes and how to zoom up/down TFs etc, as well as MAs.
I don’t use the system currently, mainly due to my time zone, but it definitely contributed to my learnings in trading.
Any details please?
If RSI is above 50 you can go long and it is below 50 you can go short.
using this system give you a lot of losing trades due to the fake out even if you are following the main trend of higher time frame it also make you miss some nice winning ones, but if you add rsi 9 to it, it will reduce the number of the fake out.
a second thing to reduce fake out is to trade it in higher time frame, i use 4h TF.
Hello…
Can someone lead me or instruct me on how to get the Ebook for Maurizio77?
Very new to FOREX and any help would most appreciated…
I 2nd that:o:o
“UNREPIPANT”>>>> great name…
i send the book to you, hope you can upload it and post the link in the thread.
I have tried a few systems and then stimbled upon this one in the forum. It deserves the 5 *s it has got. I have followed the thread and tried the suggestions given by Maurizo to fine tune ir, am hopefully getting there. Thank you very much for the extremely useful thread.
Hi Maurizio,
Can you remind me which pairs work best with this system, i know you use gbp/jpy as the main one but looking through the thread again others have been used ( eur/usd on your e book)
Have you any stats on % return for different pairs.
On another subject , have you considered stating a day where you would be in the chat room or on a conference thingy( when ever i look in the chat no ones there) so those of us who are trying to learn could follow as you choose trades. i realise you work and already put time in for us but live would be great and cut down on many missunderstandings.
Thanks
Rich
Good evening Dan,
Ive got to a stage now I could live off the profits from this EMA system…
Thanks to Marurizio as well for all his efforts as well.
Lee,
heartening to note that you find this profitable. Can you pls share some trade setups that you took lately. We need some guidance here.
Cheers
good morning NU,
firstly Im unsure how to post charts… but Ill work that out in time to come…
But what Ive found to be great is that on 4 hrly charts when you get a cross over, stochs & CCI line up I set my profit for 20 pips, even on fake outs you still get that 20 pips 97% of the time and when your trade $40.00 a pip it adds up ($800.00 gross profit a trade).
But yes I miss out on some big moves like one of my last trades where the USD/JPY short @ 94.15 out @ 93.92 and as I write this its at 93.10…
So as time goes on Ive found the 1 hrly time is great to keep you in all the way on these big moves just by adding a trend line and if you enter a trade on 1 hrly your stop lose is usly pretty small as well.
Any more questions feel free to ask.
Mr Lee/ Maurizio,
I am starting live trading in the next . I will be using mainly Maurizio’s system on the higher TF( to avoid fakeouts). Maurizio has briefly touched on money management in his E- book. I have calculated the pip value but do not get how to calculat the size of the trading capital being put up and its significance or the significance of the value of each pip value risked. Could some one go thru this or is what I have written completely garbled?
Hi I am new to trading and I am following Mr Maurizio’s EMA Step system…how do I get his E-book.
Mr Lee/ Maurizio,
Based on Maurizo’s E-book, how do you apply the stop lost by applying the 2% risk management and with a demo account of $500. Wouldn’t it be too small and will you get close automatically on your trading?Pls advise me…Thks
awesome news!
Good morning Hamstel,
So if your account balance is $500.00 your maxium risk at 2% would be $10.00 so now you need to work out what your pip value is now because with $10.00 risk you could set your stop 100 pips away at 10 cents a pip or 50 pips at 20 cents a pip etc etc…
Have a great day.
a quick question here:
according to this EMA step system,
we place an order after a cross-candle occurs…
does it mean that i have to sit in front of my computer and focus on it all the time?
what if the cross-candle occurs during the time i am working?
Thanks
Good afternoon Rebel,
Thats correct you place an order on the next candle after the cross, in the way of sitting in front of the screen you dont have to if your trading on say the 4 hour chart because every 4 hours you look at your charts for 5 mins if that and thats it. But on the other hand your trading the 5 min to say the 30 min charts its best of to keep an eye on the screen… but away around cutting down the screen time on these smaller time frames are to draw trends so your able to have a bit of an idea when the trend line could break and you find when that happens 8/ 10 you will get a trade signal and or on the higher time frames you find that there could be a signal coming up and or theres candle formation like a morning / evening star bullish or bearish engulfing after a bit of a trend then you know to zoom in to the shorter times frame because you will more than likely get a signal very soon… but again drawing trend lines will help a great deal.
Thanks,
I have a couple questions to anyone who finds this system works well for them…
-
Which pairs of currency The EMA step system specifically works well with?
-
Which TF should I apply on when I using this system? (from high to low)
I have read through the thread, seems like it works well with any TF,daily to T5…is that true? It works well with any TF?Each one of them has the same probability of accuracy?
Again, your help would be greatly appreciated…
Thanks