New Idea system Posted Here..... - page 3

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shizo
13
shizo  
Mazoem:
Its a chapter from "Trading Chaos" Bill Williams

Yes, I know... But if you we want to discuss it, we should do it in another place in order not to disturb this topic.

leutzuro
558
leutzuro  

nothing happen with this thread ?

leutzuro
558
leutzuro  
4xtrader:
Hi Codersguru,

Would you please to make it easy

I always trade manually with my set up indicator over 2 years, they are crossing EMA too, but with any condition.

Here is my set up Indicator.

EMA : 5 , 18 , 35 (All in close)

RSI : 8

Slow Stoch : 15 , 5 , 5 (exponential)

Entry Market ( Buy/Sell) when all EMA (5 , 18 , 35 ) are crossing with conditon

- Buy if RSI > 50 , Slow Sochastic >40 in Time Frame 15 mnt n 1 Hour

- Sell If RSI < 50 , Slow Stoch < 60

- Stop Loss 35 pips (at above or below EMA crossing point in TF 15 mnt)

- Target Profit 120 pips

- Traling Stop 30 pips ( with progress get in after price moving 45 pips, then increasing 5 pips each time 15 pips price movement)

- order 1 lot

I really appreciate for you to help me,

Thanks in advanced

God Bless U

4xtrader

Please try to post some chart how you trade this system.

Best regard

4xtrader
241
4xtrader  
leutzuro:
Please try to post some chart how you trade this system. Best regard

Well my friend, here is H1 charts

EMA 5 : RED

EMA 18 : BLACK

EMA 35 : BLUE

we can see on GBP/USD chart,

we entry sell ( A ) EMA 5 n 18 cross then 35, look at RSI n STOCH signals have confirmed

at B, even EMA 5 n 18 crossed, but price still below EMA 35 , it meant price in down trend.( I did't BUY )

at C, price in sideways but still below EMA 35 , that indicated price still in downward

before NFP news announced we already known price still in downward condition, after that all signals confirmed ( I put SELL Stop order at 1.7340 n TP 1.7260 , 5 minute before NFP news, price at 1.7355)

Files:
h1-1.gif 27 kb
phildunn
107
phildunn  
4xtrader:
Well my friend, here is H1 charts

EMA 5 : RED

EMA 18 : BLACK

EMA 35 : BLUE

we can see on GBP/USD chart,

we entry sell ( A ) EMA 5 n 18 cross then 35, look at RSI n STOCH signals have confirmed

at B, even EMA 5 n 18 crossed, but price still below EMA 35 , it meant price in down trend.( I did't BUY )

at C, price in sideways but still below EMA 35 , that indicated price still in downward

before NFP news announced we already known price still in downward condition, after that all signals confirmed ( I put SELL Stop order at 1.7340 n TP 1.7260 , 5 minute before NFP news, price at 1.7355)

How about 15 min chart? Don't u look for entry at 15 min chart? Thanks.

4xtrader
241
4xtrader  
phildunn:
How about 15 min chart? Don't u look for entry at 15 min chart? Thanks.

Of course I do, I split my windows into 15 min n H1

The picture that showed above, just for Illustrating

phildunn
107
phildunn  
4xtrader:
Of corse, I split my windows into 15 min n H1 The picture that showed above, just for Illustrating

The indicators condition of 15 min also must same with 1H,isn't it?

By the way,u don't use any indicators for exit?

4xtrader
241
4xtrader  
phildunn:
The indicators condition of 15 min also must same with 1H,isn't it? By the way,u don't use any indicators for exit?

For exit, I use EMA signal too ( please read my past letters #7 n #14, posted in this thread) besides trailing stop, indicators just for sign ( oversold , overbought), You won't stay on your screen for a whole day, will u ?

Hope this help

leutzuro
558
leutzuro  

4xtrader this is what i dont understand

on the left screen i have eur/usd 15min timeframe and on the right side i have eur/usd 1H timeframe

on the 15 min timeframe i have a cross

is this a good signal?

Thanks

Files:
eurusdscren.jpg 115 kb
4xtrader
241
4xtrader  
leutzuro:
4xtrader this is what i dont understand

on the left screen i have eur/usd 15min timeframe and on the right side i have eur/usd 1H timeframe

on the 15 min timeframe i have a cross

is this a good signal?

Thanks

Well,

On the left side (15 min) it looks like a good signal ( acctually you could entry sell for taking a small profits, if you're a scalper), but if you're a day trader not so good signal coz' on H1 hasn't crossed yet.

The Stoch signal on 15 min in overbought condition, that indicating down move will be ending n RSI looks to go up and on H1 price still above of EMA 35.

I haven't known yet, what kind of your habitual trading? so please make sure your habit

hope this help

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