XO_Method REVISED - page 133
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Thanks, Yevell.
Pardy
Help
Thanks for all the help on this post
8-EMA Channel...
Hi guys,
I just want to show you how effective the 8-EMA_channel is in setting Stops; exits and allowing you to stay in the trade.
To stay in the trade, the candle should not close outside of the channel. Very simple and yet highly effective.
Attached is the Template for easy reconstruction and the screen-print to visualise it here.
Use the 8-EMA_Hi / Lo as the top/bottom dotted-lines respectively and the CLOSE as the center-line.
Just look at today's and yesterday's entries / exits to get yourself acquainted with it.
For a SHORT, set the STOP on the 8-EMA_Hi and vice versa for LONG.
Hope it helps you to get better profits.
Best wishes.
Hello Valeo, your channel is a very good idea !
Those days are very impressive on terms of pips granted.
Thanks god !
Hello Valeo, your channel is a very good idea !
Those days are very impressive on terms of pips granted.
Thank God !Thanks very much, Joe and AMEN to that.
Hi guys,
I just want to show you how effective the 8-EMA_channel is in setting Stops; exits and allowing you to stay in the trade.
To stay in the trade, the candle should not close outside of the channel. Very simple and yet highly effective.
Attached is the Template for easy reconstruction and the screen-print to visualise it here.
Use the 8-EMA_Hi / Lo as the top/bottom dotted-lines respectively and the CLOSE as the center-line.
Just look at today's and yesterday's entries / exits to get yourself acquainted with it.
For a SHORT, set the STOP on the 8-EMA_Hi and vice versa for LONG.
Hope it helps you to get better profits.
Best wishes.Valeo, I like this idea, too!
So the exit rule would be :
1. exit LONG if the candle CLOSE below the 8-EMA lower channel
2. exit SHORT if the candle CLOSE above the 8-EMA upper channel
Am I correct?
dyeung
This is a 15-m trade I made today.
Valeo, I did not use your new 8-ema channel method for exit(really want to try next time!), as at the next candle (after entry), GU dropped very quickly, the hi-lo range is 58 pips...this is pretty scary and you'll see in the 2nd candle price retraces 20 pips upwards, so I exited at +30 pips in the first candle, plus I do not have time to monitor this trade.
anyway, it's not bad for a 5 min trade, I feel I'm lucky too.
This is a 15-m trade I made today.
Valeo, I did not use your new 8-ema channel method for exit(really want to try next time!), as at the next candle (after entry), GU dropped very quickly, the hi-lo range is 58 pips...this is pretty scary and you'll see in the 2nd candle price retraces 20 pips upwards, so I exited at +30 pips in the first candle, plus I do not have time to monitor this trade.
anyway, it's not bad for a 5 min trade, I feel I'm lucky too.Well done, Dyeung. The 8-EMA_Channel is NOT recommended for the M-15 Template for reasons you just mentioned. We can discuss tomorrow. Please Joe, I also need your input.
Best wishes, guys.
some entries
here are some entries i took in asia session !
a harvest day ! really !
hope helpful !
regards !
here are some entries i took in asia session !
a harvest day ! really !
hope helpful !
regards !Well done, Yevell. You have an interesting array of "blocked"-indicators. The one that intriques me is the Bottom CCi configuration.
What is the effect on your CPU usage, please?
Best wishes.