Good day,
i read more about your ema system and i need more answer can it work when the news is realised.
Hi Fawas2010,
according to the rules you should check for news alerts and not trade during this time, i think probably not the candle either side,
Good luck
Rich
Well said Maurizio77,
I do recollect reading that in the beginning the idea of trading full time appealed to you, but as you got better in trading, this changed to Trading for the âextrasâ and the job became like a âhobbyâ (something to that effect).
People should realize that the job comes with lot of extras e/g social interaction, medical leave and coverage, paid vacation etcâŚ
I am also looking forward to using the Trading profits for the extras, however, I am still struggling at BE level. So have to improve my trading.
Cheers
Noviceuser
I totally agree. The joy and interactions among ppl are lacking in full time trading. Besides part time trading takes away the stress and need to earn the necessary money required for a living. 
Hi Maurizio,
Is there anyway I can spend a day or 2 with you when you trade?
Iâve tried joining the Chat Room on Babypips during EU time but youâre not there. Could your Skype name possibly be your nick?
Let Me know how can I get you ⌠any time and method, Iâll make myself available for them.
Thanks.
Hi guys,
Just started using this system. Am i right in that we have a buy signal for USDCAD Daily (10pm UK time) ?
35 pips on that one using the daily charts. Maybe this will work 
Hi guys,
Just read the ebooks. is there any connection between flat market, range market and trend with Conservative, Assertive and aggresive trading ? and how to determine the market is flat, range or trend on the right edge of the chart ? When you see market is range in hourly chart the current trend probably already change.
Well just based on all this youâve said I can see why you work. Trading for you is not something pleasant as youâve stated more than once. The market has created a fear in you (this comes from losing a good amount of money) & it is a stressful environment for you. (Once again as youâve stated)
Iâm not even sure why you trade to be honest, it seems you hate trading. You donât even believe in consistent profits per your last qoute [I][U]ânowadays I jus want consistancyâŚthat simply isnât possibleâ [/U][/I]
WowâŚyouâve basically lost your success credentials & you said it all yourself at that.
Funny how you felt the need to edit my words to make them suit the point you wanted to make.
Let me answer.
The market hasnât âCreated a fear in meâ.
I respect it.
Enormously.
Anyone who trades in any commodity will say the same.
The minute you begin to take anything for granted in trading, the market gives you a good kick up the backside.
Any trader who is still in profit after their first year will testify to this.
Have i lost money? Yes, i margin-called two accounts before i came up with the EMA Step. It was painful, but with hindsight, nescessary.
Do i find trading stressful? Of course i do. So do the ProâsâŚwhy else do you think the average age of a trader in an investment bank is 30-45?
Because they either make a fortune and retireâŚor they burn outâŚand that is the professionals!!
Do i dislike trading? Absolutely not. I would be lying if i said i had enjoyed every minute of it, i havenât, but i have enjoyed the learning curve and the âextrasâ that trading has allowed me to better my lifestyleâŚif that comes at a certain psycological cost, so be it.
As for consistency⌠I think you need to take a step back from your expert knowledge of the markets for a second.
Most of the world is either in, or just emerging from, a recession.
The worlds best bankers, from the worlds greatest Investment Banks, have taken an utter hammering. Theyâve been slaughtered in the last 18 months.
These are institutions who have the very best of every kind of resource readily available to themâŚand theyâre still in a right bloody mess.
You say because i worry about consistancy that i am somehow a fraud.
Yes i worry about consistancy. When youâve traded for a while you get your bad days and your bad weeks. It happens. To think youâll find a system that works every time is simply an unrealistic pipe-dream.
As a retail trader, i am particularly vulnerable to market swings and behaviour.
I donât have the billions in investment capital that most investment banks have to bail them out.
But to accuse me of being some sort of fraud because i (rightly) want consistancy is simply plain wrong and any seasoned trader will understand that.
Consistancy is the holy grail of any trader, forget your systems, forget your analysis.
If you donât believe meâŚmaybe you should ask the CEOâs of Bearings Bank or Lehman brothersâŚoh, i forgot, you canât.
Perhaps they wernât consistant enough.
I forgot to step up my stop loss and margined my account 
I feel like giving up now.
Anyone know the answer ?
Is look like critism got very fast respond than question.
Hi Gaia, the reason i didnât answer is that should all have been covered in the Ebook.
The question was kind of vagueâŚall encompassing.
What is it specifically you want to know?
You said in your book that âPersonally, I am all three depending on the market.â (Conservative Trader, Assertive Trader and Aggressive Trader).
I just want to know is flat, range and trend has any conection ?
Like if market flat then be Conservative Trader, market range => Assertive Trader and Trend => Aggressive Trader ?
When we recognize a trend in hourly timeframe. how can we be sure that currently still on that trend ?
Sorry still newbie and english was not my main language.
Ahhh ok, i gotcha.
How can we be sure that weâre still on a trend if weâve spotted one?
Firstly, draw a trendline on your chart.
If the trend is downwards then you join the highs of the candles (as best as you can as this will never be perfect) or if itâs an upwards trend then you join the lows. This trendline needs to be adjusted as price develops. To make the most relevant decisions you need the most recent data.
What you need to look out for is price making a comprehensive breakout of the trendlineâŚthis is confirmation of price making a direction change. Here you exit your position and wait for another confirmed setup.
Watch also your stochs, when the stochs have broken into, say on an up trend, the overbought region, you should be watching carefully. There are only two possibilities when this happens, either they will stay in the overbought region for sometime (this can very lucrative - some big movements can come when stochs are at their most extreme) or they will break out downwards.
As for what strategy to use, Conservative, Assertive or Aggressive.
This is down your own risk and reward expectations. You can use all three on each market condition.
Personally, the guidelines i use are the more liquidity, the more caution i use.
So if weâre in a flat market, i tend to be more agressive to wring as much profit out of the minimum movement as is possible. Plus, in a flat market, there is less liklihood of a major move killing your position - ALWAYS be aware of breakouts on this though. If youâre following the price properly, you should be in the trade, in the right direction when this happens.
Likewise, when price is flying, you can afford to be more cautious because the price is doing all the work, there is less you have to do to make up the same number of pips. Bear in mind though that when price is flying it can do more damage to your account when you get it wrong.
Hope this helps.
Thanks a lot, it really help.
Hi maurizio77
Thanks for your contributing with this thread. I am reading every single post of this thread.
BTW, its looks like GJ is in flat market (as I see in 1D Oanda chart) or is it worth giving a short?
many thanks
Good morning Novice,
I usly only trade the EUR/USD, GBP/USD and the EUR/YEN and I try to keep my open postions to only one unless theres a really great set up on another pair. I trade the start of the london and the finish and the start of the new york and at the moment theres been a bit happening though the asian session.
Just to clarify a couple of things,
Once the cross candle has appeared, do you wait for the next candle to close (forming the step) or as soon as it creates the step (say 5 minutes into a 15 minute candle) enter the trade?
Thanks in advance,
No wait for an EMA STEP candle to close. Then enter immediately on the open of the following candle.
The reason we wait is for confirmation of the movement.
If you enter any earlier you risk a whipsaw.