5EMAs Forex System - Opinions

[elektrance]

Just to add some details, I lost buying audusd at 12:46 gmt. Divergence spoke louder (as always do when STO and MACD agree on the divergence) and the only think I saw was thick black bar coming down eating my money :P

[elektrance]

Originally Posted by fxtrendline

thanks bro

Well.. I dont know about that multi emas system, or if you understand it, I just made 417 pips selling GBPUSD using the advanced method 1 of the 5 emas system (the breakout rule). And I exited with the exit strategy 3 which is when the candle closes above the EMA 20 (if selling).

For your better understanding I attached a picture, I belive this might be a little complex for you.

All the best and a happy Xmas with a prosperous new year!

[elektrance]

This one, I couldnt trade unfortunately because I was not at home at the time, but it is another classic example of the brekaout rule.

The algorithm is very simple, if thin market and price is within support and resistance, and if price breaks support or resistance and if emas are good (black ema is above or below the other 2 emas) plus an according signal from the advanced indicator then equals to brekaout. (see picture)

I really dont get what is your problem with the 5 emas...

[et_phonehome_2]

Originally Posted by elektrance

This one, I couldnt trade unfortunately because I was not at home at the time, but it is another classic example of the brekaout rule.

The algorithm is very simple, if thin market and price is within support and resistance, and if price breaks support or resistance and if emas are good (black ema is above or below the other 2 emas) plus an according signal from the advanced indicator then equals to brekaout. (see picture)

I really dont get what is your problem with the 5 emas...

Is there any alert indicators for this?

[cooltrader28@yahoo.com]

Originally Posted by et_phonehome_2

Is there any alert indicators for this?

yeah would be nice bulding 1ne

[mp6140]

a nice system, lagging slightly the price movements but extremely usable. GU was a nice trade because it was obvious what was going to happen what with the banks raising the price up to the announcement ---- if the banks were going LONG, they would have DROPPED the price to give them the greatest range upwards --- Now we watch for the upside move because "what goes down, then goes up and vice versa" !

In my most humble manner, I just want to state that there are many ways to skin a cat, and moving averages are simply one of them --- CCI crossing RSI, A/D crossing either, "touching" of the ADX and MACD and maybe a short ton of other indicators will ALL tell you the same thing, the ONE advantage of the moving average cross being that it fits on the PRICE chart and therefore doesnt require its own window, which makes the chart bigger ! I personally use a multi MA window with a MACD to show divergences as an "assistant" and guide to length of move, although support and resistance pretty much show where the trade is heading !

Aside from that, almost anything else works just as well, which is why I smile a lot at discussions of the worth of each individual method when almost ANYTHING WORKS !!

enjoy and trade well

mp

Originally Posted by elektrance

This one, I couldnt trade unfortunately because I was not at home at the time, but it is another classic example of the brekaout rule.

The algorithm is very simple, if thin market and price is within support and resistance, and if price breaks support or resistance and if emas are good (black ema is above or below the other 2 emas) plus an according signal from the advanced indicator then equals to brekaout. (see picture)

I really dont get what is your problem with the 5 emas...

[trading2win]

I was not at all impressed with 5emas ebook,
He claims to be making truck loads of money, but just try and get a refund and he will not give it.
Obviously if he cannot refund $119, he cannot be making money trading.
All reputable ebook authors have no problem refunding, rather than have an unhappy customer

[oilfxpro]

Originally Posted by trading2win

I was not at all impressed with 5emas ebook,
He claims to be making truck loads of money, but just try and get a refund and he will not give it.
Obviously if he cannot refund $119, he cannot be making money trading.
All reputable ebook authors have no problem refunding, rather than have an unhappy customer

Unfortunately most of these sellers target newbees who have little knowledge of trading

$119 is very expensive for systems that can be useless to some of you.I am sure u would have been happy to pay $1,000 for a system that makes $10,000 in a year

OILFXPRO

[derrekmay]

Originally Posted by oilfxpro

Unfortunately most of these sellers target newbees who have little knowledge of trading

$119 is very expensive for systems that can be useless to some of you.I am sure u would have been happy to pay $1,000 for a system that makes $10,000 in a year

OILFXPRO

But there you have the same problem as the other...
You don't know up in front if it is going to work with your own trading strategy..

[oilfxpro]

Originally Posted by derrekmay

But there you have the same problem as the other...
You don't know up in front if it is going to work with your own trading strategy..

Hi

You can do backtests and forward tests and then devise your system by making improvements to already profitable systems.Believe me it works

It is easier to improve mediocre systems than to make profitable systems from scratch

OILFXPRO