Thank you so much Kristo and tonirai. I'll never learn this thing... I don't know why I came out with the sell order below the reversal bar instead of the setup bar! I'll keep on posting my view, being sure I can't fail until people like you ...

4H 5EMA System

SL and sell order triggered @ 1.4498, closing the long trade at -34 pips. We are now short and the SL goes to 1.4715. Since this a reversal order there won't be any contingent buy order. I would really appreciate if someone could confirm I'm doing ...

4H 5EMA System

Buy stop triggered @ 1.4532 and SL moved after the reversal bar R closed to its low @ 1.4498. Contingent sell order at the same level. I'll always be glad if someone confirms my understanding.

4H 5EMA System

Finally after a long row of new red setup bars move we have a bar that, as I am writing, appears to be only a few pips away from the buy order on a blue setup bar @ 1.4532 with an SL @ 1.4461. Let's see what happens...

4H 5EMA System

Hi Peter. I couldn't follow the development for several hours, but now I'm back and the way I see it is that bar #3 became the new long setup bar. Then its high was not taken out, so bar #4 became the new long setup with a buy order at 1.5035 and an ...

4H 5EMA System

After Sunday's opening a long setup bar formed. Buy order at 1.5122 SL at 1.5047 Next bar was a failed reversal.

4H 5EMA System

Of course I had to wait for the reversal bar to complete before I entered a buy order at 1.5245 and a SL at its low 1.5159, which were both hit with a 86 pip loss, as Peter said. Now the current bar is already invalid because it touches both emas, ...

4H 5EMA System

Thanks Alex. It's good to know someone always watches over my shoulders. Stopped out exactly @ 1.5245 for a 76 pip loss just now I know I should assess this in 4 hour time, but as far as the rules go, things won't surely change for us until then. ...

4H 5EMA System

Short setup bar formed. Sell order triggered @ 1.5169. SL @ 1.5245

4H 5EMA System

You caught me, Peter, I added instead of subtracting. Well, you found out why maths has always been my weak point So trade closed at 1.5225 with 109 pip profit for me. The truth is I'm not trading live since I don't need to wake up at ...

4H 5EMA System

2nd failed reversal bar. 50% rule applies. Since the 50% is at 1.5245 and the price at the close of the bar (1.5228) is below that level, the trade is closed immediately at 1.5231 with a profit of 115 pips. We'll wait for next setup bar now. Edit: ...

4H 5EMA System

1st failed reversal bar. Everything remains as is.

4H 5EMA System

I'm using Alpari too. When I posted, my high was 1.5373. After your replies I refreshed the chart and now it shows 1.5374 Just o change the subject, it seems like Sterling is still on vacation. I'm just curious, does anyone have the pip ...

4H 5EMA System

Sell setup candle formed. SL moved to 1.5012. Also Sell stop order @ 1.5012 with SL @ 1.5381 (369 pips! ) Someone take my hand and confirm I'm right please? This Long so far has run for 257 pips and now it's retracing...

4H 5EMA System

That's right, silly me! Still making big mistakes like this... The learning process will take longer than expected. Thanks Peter

4H 5EMA System

It looks like I have to reply to myself Referring to my previous post and following the math, like it's probably best since this system does not rely on opinions, the SL and the buy order were triggered at 1.5116, thanks to the Official Bank Rate ...

4H 5EMA System

@ stersuhr — Hi. I was wondering if it's possible to have a pip count for the month of December and also to update the 1st page with it. Thanks

4H 5EMA System

Got a doubt now. The red bar looks like is touching the upper ema. The high is 1.5108 and the ema value is 1.5109. Strictly following the values that would be a setup bar for a long, so the SL and the buy order would go to 1.5116, but it really ...

4H 5EMA System

Hi anuar. Thank you for correcting me. I don't know how I came out with that nonsense figure. Only excuse is it was past 2am here and I was knackered... I'll go and edit my post.

4H 5EMA System

Short triggered @ 1.5068. Long closed @ +68 pips. SL and reversal buy order @ 1.5289. Correct?

4H 5EMA System