Strategies, Systems & Indicators

[animedia]

in this picture .. should i buy when candle closing after crossing or i must wait untill candle enter above ema 50?

 

[Sunny1]

Hey Animedia Go to this Post for detail explanation on buying/selling

 

[Edward]

in this picture .. should i buy when candle closing after crossing or i must wait untill candle enter above ema 50?


The 50 Ema is just to know what is the major trend.... if the candles are above the 50 EMA you can wait if you had gone long, and vice a versa.. it just gives you an idea whether you are against the trend or with the trend.. if against then your profit outlook is different, with the trend then it's different.... that's all....

We buy at the high breakout of the crossover candle and at the low breakout of the bearish crossover candle as explained earlier...

 

[octopuspaul]

Animedia, I your confusion clear, or do you want us to explain it further... and if anyone else has any questions, please feel free to post... as we are nearing the weekend I will be prepared to give all the answers on saturday... so bring it on and we will tackle them...

Khalidhassan, whats up, not seen your posts in a while...

Sunny, sumit, Raghav, munnabhai, linkon, any updates or new observations in these days? I am eager to know more from people who are using it for 5 min and 15 m....

 

[Raghavacc]

Edward,

Today's EUR/USD 5 Minutes chart .I have split in to 2 as we cannot view it in a single window.Easily one could have made 100 Pips.

However I would like to note just an observation on my 5 Minutes trade.i.e:rally from 2720 to 2800. We have a crossover in 5 Minutes chart @2725 (Pls refer the 2nd chart attached ) .However the Blue line of ADX was below red.As per our rules we cant take a trade. However I Look at 15 Minutes ( 3 TIMES HIGHER TF) chart and the Blue line is above Red line. So I enter the trade. Later in 15 Minutes TF the crossover comes around 2740 .

In result due to an early entry as per 5 Minutes TF I make 15 more pips compared to entry in 15 Minutes TF.

Its just an observation and and need to see how effectively this can be worked out and how far it will be effective.

Regards
Raghav

 

[Edward]

Raghav, Sunny, Sumit, octopuspaul,

I think you guys are the 'Researchers' of Lazy boy in 5 min TF. Honestly speaking I have never seen this perspective, because in the beginning of my forex trading career, i lost a lot of peace, money and sanity on trading this TF

Now, I was brooding about the ADX sometimes spoiling a good setup and something really effective came to my mind, I will post it tomorrow, a small modification in the setup and will take care of adx, below the line, if the trend is strong...

Now getting multiple entries, Raghav request you to just go through the m15 tf and the m30 tf and then the h1 tf and then the h4, you will see that we got signals right from the 5m to 4 h in succession... If possible post each time frames entry candles chart...
so our profit outlook at 5 m was different and as we gradually progressed to the higher tfs, we got new entries and bigger profits... that's what I meant the last time, about riding the trend....

Adx, thing will be sorted out tomorrow... but I will have to upload the new version then, for the benefit of those who can't install it...

 

[linkon7]

I have been following this setup for few days and i find it a damn good trend following setup...

I prefer trading in the 15 min tf as anything less than that has no trend...

Its a demo account and i got a buy signal on the dow... lets see how well the trade shapes up...

A big thanks to Edward for sharing his hard work for the benefit of traders like us...

 

[linkon7]

update of the trade...

When i innitiated the trade...
daily tf was bullish
hrly was bearish
30 min was bearish
15 min was bullish

Now 30 min decided to turn bullish as well...

so far trade is going strong...

 

[linkon7]

now i am monitoring 15 min tf for the exit signal..so that i can exit 50%...

and rest 50% will exit when 30 min tf turns sell...

 

[linkon7]

so far so good...