Ok this should be my last EMA. The 610 ema,plot this as well.Compare this ema on the euro 4hr charts,and see where the price dropped to yesterday and hesitated. Is this a short bottom,cant tell,but we observe on lower TF for clues. regardss baz

Simple 5 / 8 moving average crossover

There are 2 MACDS i use.One is my own settings that i use on the 30/5mins,which at this time i am keeping it to my self.THis is the Heart of my strategy and i wont pull the trigger without this in PLACE no matter what direction the trade is moving. ...

Simple 5 / 8 moving average crossover

Hi TOm Regards to my strategy, its really difficult to put it down on paper.As i have not mentioned,but i even go down to the 1 min chart for a trigger point. But lets take the System we have on this Thread ie 5/8 cross. What you can do is start on ...

Simple 5 / 8 moving average crossover

Tom Its great u are using this Emas,but use it in conjuction with other signals to pull the trigger ie a conflunce of indicators at the same point,and than trading with the trend of the higher TFs. regards baz

Simple 5 / 8 moving average crossover

once again the power of the 60 ema can be seen on the 30min charts on the Euro,Cable, Euro/Yen, just take a look at the drops today. Peters system was already short on the Dailies,so taking shorts on price failure at this 60 ema was all you needed ...

Simple 5 / 8 moving average crossover

Greatttttt Trades Mate, can i make a suggestion.U may consider trailing ur stop loss on the 4hr at the 25% fibo levels ie using th lasy swing high,to the lowest swing low if you are short? Anyway something for u to think about Well Done with ur ...

Simple 5 / 8 moving average crossover

Ok mate Good luck for your future trades.I am going off the forum,and focus on the trades after the news. Catch you later baz

Simple 5 / 8 moving average crossover

Regards Fibos,place Fibo levels on Euro/yen from yesterdays swing high to todays low.See where the price stopped....at the 50%. So you had 50% fibo,rejection at the 60 ema, and bearish engulfinf candles 3 reasons to pull the Trigger if YOU are ...

Simple 5 / 8 moving average crossover

One bit of advice. Create YOUR OWN tradind system,create aplan, and be diciplened enough to follow it thru" irepective to what "others " are saying. This will make you successful, i gurantee it baz

Simple 5 / 8 moving average crossover

My advice,dont use too many indicators,EMAS are a true guide to trend Take care baz Paralysis By Analysis if too many indicators

Simple 5 / 8 moving average crossover

Like i said, these 2 ema are watched on all time frames,and if u learn how to combine Fibos, you have many reasons to pull the trigger. But tell me we could easily clear 20+ pips on that euro / yen even if the hiher Tf are not playing ball Yes ...

Simple 5 / 8 moving average crossover

Hey thats great, now go to the 5 min cable and plot the 5 ema,and check the price of cable regards to it. You could have waited for a candle close above that.Just a thought for you. No i dont trade below 30 min, but will use 5 min to fine tune my ...

Simple 5 / 8 moving average crossover

Darren please i dont want to confuse you,but at 10.30 close of the candle i would move down to the 5 min chart to fine tune a possible entry point. Ie break of trend lines, support, 123 formation, break of the 5 mins ema and crossover etc baz ps at ...

Simple 5 / 8 moving average crossover

I trade day only,but i use the higher TF for direction,and take trades in that direction only.BUT the lower time framrs have to play Ball,otherwise i stay aside. The 200 ema and the 60 ema are the most watched and acted upon by traders.Trend lines ...

Simple 5 / 8 moving average crossover

Daren go over to Euro/yen.Its at its 60 ema on the 30min,and it seems a bearish engulfing candle pattern is taking shape ie 10.30 am candle. baz

Simple 5 / 8 moving average crossover

darren,for ur learning purpose,check the 60 ema on the 30 min Cable,and see what happened today. The 7.30am candle was the place to short on a close.I have my own strategy that gives me my trigger point. baz

Simple 5 / 8 moving average crossover

Darren,if you are not sure,then just stand aside or demo trade ur trading plan. Loss of opportunity is better than loss of capital baz

Simple 5 / 8 moving average crossover

The thing regards the lower TF emas,observe the price at this levels.Look at the candle patterns. Try and take/stay in trade in line with your hgher TF and ur risk tolerance. At this momment the daily is short,there is indescion on the 4hr but ...

Simple 5 / 8 moving average crossover

YES this pair is a short,i will wait for signal on 30 min chart to enter,which at the momment is not playing ball !! baz

Simple 5 / 8 moving average crossover

The 4 hr now reversed to short at 8.00pm.But iam not sure,tommorow is "D " day regards to inrest rate. The signal is now short for Euro/Yen,but i shall see tommorrow am regards baz

Simple 5 / 8 moving average crossover