Hi Andrew. Try a google search for “ema step ebook”. That should find what you’re looking for.
Thanks ravenea - I did but it only led me back to this post. I will search again.
Regards…Andrew
Google for scripd ema step
It is the first entry if you google ema step forex ebook
Got it WildChancer. Thanks!
Hi, there is something I clearly don’t understand in the screenshots you attach. If you could help me with this it would be great as it seems fundamental.
The file I attached is the one attached by maurizio77 along with this original post (a while ago…)
Now, the attachment shows 3 yellow winning trades. The last one is the only one I would have gone in. Why ?
Because in the first one, the stochastics have not crossed the 20 line (oversold) yet. So, when the EMAs cross, only the CCI is triggered. That makes 2 of 3 mandatory triggers to enter a trade. So, are we supposed to predict ?
Because in the second one, neither the stochs nor the CCI have met the triggers criteria at the time. SO… only the EMA cross is met.
Of course, when we look back with the whole picture we can see the 3 indicators triggered, but if you consider live trading, it wouldn’t work.
Finally, am I missing something ? Are we supposed to predict ? (which is totally against the ebook, and set of rules…)
If not, how could we enter into those winning trades, realistically ?
Thanks to anyone who can help.
Hi I searched on google it brought me to the scribd site but I can’t seem to download. Cld anyone post the ebook here. Sorry m new here. Wld apreciate and wish to learn the system. Tks.
martin d,
I don`t agree with your interpretation: The rules say concerning SlowStoch “having just crossed OR about to cross”.
Regards
Baby24
Just register there for free … and download!
Regards
Baby24
Quoting the ebook, "Slow Stochastic to be crossing or have just crossed out of, overbought (Sell) line/oversold (Buy) line."
So, the part “Slow Stochastic to be crossing” means “about to cross” ? Which I understand as meaning : in the overbought/oversold zone and trending down/up.
In this case, we are actually making a prediction about the stochs breaking the line. It could easily go back up (but I have never seen one of maurizio’s examples where he indicates an entry in which the stochs actually stay n the over/underbought zone as he thought it would break the line but did not.
As for the CCI, it says “to have broken below/above the +/-100 line” (which was not the case yet in my second example on the previous post).
So how do the indicators actually work ? Should I make a prediction about the stochs “possibly going to cross the line” and check if the CCI has already crossed it ? (When there is an EMA cross)
Thanks.
Tricia - I had to register and upload a document to scribd. I was then able to download for free. Hope this helps.
Andrew
Hello - I have read the ebook and excited about the possibilites. My question is about stop loss. I looked in the ebook and thread but didn’t see what I was looking for. If I enter a trade and the ema’s immediately cross back on the next candle, do I close the trade or let it run until it hits my initial stop loss and hope for it to go back in my direction?
thanks! Andrew
Hello,
I have gone through this topic more in depth and have been trying to apply trendlines to avoid fakeouts.
However, while backtesting, I found a “good fakeout” I would have fallen for.
If you guys could tell me if this could have been avoided and how, I would really appreciate it.
You will find attached 4 pics going from Daily to 30 min (the 30 min chart contains the fakeout) :
-
the daily seems to be in an uptrend channel with indicators showing a future bearish signal. So, here, for the day, we can expect either a continuation of the uptrend until the upper channel limit or a downfall to the lower limit of the channel and eventually a break-out (which is likely given the CCI and stochs in overbought zone).
-
the 3-hour is in an uptrend channel with indicators neither in overbought or oversold zone.
-
the 1-hour has hit the lower limit of the channel so it could either bounce back to the upper limit, or drive down (which seems likely to happen soon as the CCI and stochs are in the overbought zone). So we could expect a downfall here. Now, to try and catch this new trend early we are looking for an ema step that would be formed on lower timeframes. So we check the 30 min TF.
-
the 30-min TF has a clear bearish EMA step on 20 sept at 6:00 AM (6 AM is the end of the cross candle) on my chart. And drawing the previous uptrend trendline, the cross candle seems to be breaking it, announcing a future downtrend. It just seems perfect ! Looks like we caught a change in trend a the right time. So, come on, I obviously go short at the open of the 6:30 AM candle. And there it is… stopped 3 candles later !!
Except for the 3-hour TF, the others all had “more bearish” signals… but the 30 min chartn and reality said otherwise…
Any clue where I went wrong ?
PS : In previous posts, I saw that the 3-hour uptrend should not be a “valid entry filter” but would mean that profit might be limited while timesharing.
Thanks for your help and hopes it helps you : )
Note : The last candle you can see on the Daily, 3 hour and 1 hour charts is the one at 6 AM on 26 september (which is the cross candle on the 30 minute chart). It makes the situation realistic, ie this is exactly what you see on the higher TFs when having to decide whether going in for the trade or not.
I need help, please. I am not able to download the Ebook. I did register, i did upload a document but when i click on download buton…nothing happens! I did repeat this proces about 6-7 times and it always the same. I am not able to download Ema Step Ebook in my documents. I have no idea what I am doing wrong…?
Can you help me? Thanks
I wish to everybody many-many pips!!!
Thank you Gaia X for posting the link here! I was able to download and
finaly I can read this Ebook.
and
I am very greatful to maurizio77 for his great system!!!
i’ll go through this system to let everyone know what i think of it.
This is a great system. It took me a while to find one that works for me. This one does work.
Okay, Maurizio77,
I believe I got it. Nice work explaining. I will keep practicing.
Gracias,
JC
hi Maurizio,
I have a question regarding sd settings in bb, in ebook you advise to use 3sd, however on all of the images and examples of timesharing and trades you use 2sd.
I know that in some previous post you advised to use 3sd, but as one of the other guys here in forum mention earlier it is quite rarely riched by the price, not mentioning surpassing it by 10 pips.
What settings do you use, as testing it for the last month i have the biggest problem with reaching targets set on opposite bb.
maybe others can advise me too. appreciate it.