anyone have using ema eross over system?
anyone have using ema eross over system?
which ema crosses have been found useful?
Trade continues
On April 8, 2008 we have 3 new trade and 1 trade still open from a day before.
I mark the trades with continuous number, so our new trades starting with number 13 to 15 and our carry trade with number 12.
Let's look at the chart then together we make summary
Summary of trades on April 8, 2008
Trade 12
1. Our open position at 1.9880
2. This position bring us profit 10 pips
Trade 13
1. Open buy position at 1.9899
2. Place stop loss at 1.9881
3. Place take profit level at 1.9917
4. Trade closed with profit 18 pips
Trade 14
1. Open sell position at 1.9866
2. Place stop loss at 1.9888
3. Place take profit level at 1.9844
4. Trade closed with profit 22 pips
Trade 15
1. Open sell position at 1.9833
2. Place stop loss at 1.9871
3. Place take profit level at 1.9795
4. Trade closed with profit 38 pips
Total profit from trades = 88 pips
Total loss from trades = none
This system does not stop here.
As I mention in my first post in this thread, this system use 2 -3 indicators.
Until now I have already mention 2 indicators.
There is 1 indicators left which I use in advanced mode and I use it for make sure the trend, longer hold position and bigger profit loss ratio.
Some of my friends adapt this system and use the fibonacci level to sharper the target level. About this I say nothing.
It is depend on you to tweak or make it better.
I just give the basic rules.
By the way this system is NOT for every currency.
Like I said before, every pairs have their own characteristic and ONLY trader who really understand the market movement can survive.
Please take an example for yourself.
Find another system and apply to every pairs. I believe you will find that not every pairs working.
Once again, understanding the market movement is the key to wealth.
Why? because before the the signal triggered, if you understand the market movement, you can enter the trade. Or before the stop loss level hit, if you understand the market movement, you can cut your position or hedge it.
If you ask me: "Then why we need the systems?
I answer you: "Every soldier must has at least one weapon. When he use the riffle, or the gun, or the knife, or the bomb, nobody knows. Only that soldier - the good one - knows. First he must know the warfield (market movement) then he know what type of weapon (systems) he must use. And if he has a clearance to shot, he don't wait until his enemy know (signal triggered)."
Got my point?!!
anyone using oz forex system?
Trade continues
Now let's see what happend on April 9, 2008
We made 5 trades in that day.
Look at the picture below and we'll discuss it later
Wuih... It was a busy day yesterday.
Okay let summarize the trade on April 9,2008
Trade 16
1. Our sell open at price 1.9655
2. Stop loss at 1.9668
3. Target level at 1.9642
4. Trade close with loss 13 pips
Trade 17
1. Our buy open at price 1.9682
2. Stop loss at 1.9670
3. Target level at 1.9694
4. Trade close with loss 12 pips
Trade 18
1. Our buy open at price 1.9698
2. Stop loss at 1.9677
3. Target level at 1.9719
4. Trade close with profit 21 pips
Trade 19
1. Our buy open at price 1.9693
2. Stop loss at 1.9680
3. Target level at 1.9706
4. Trade close with loss 13 pips
Trade 20
1. Our buy open at price 1.9715
2. Stop loss at 1.9689
3. Target level at 1.9741
4. Trade close with profit 26 pips
Total trades = 5 trades
Closed 2 trades with profit 47 pips
Closed 3 trades with loss 38 pips
Total pips earned 9 pips profit
Trade continues
Our trades on April 10, 2008 looked like promising.
We made 6 trades with interested result
Let's see the chart below and we examine it one by one
Summary of Trades on April 10, 2008
Trade 21
1. Signal buy triggered at 1.9776
2. Stop loss at 1.9757
3. Take profit at 1.9795
4. Closed position with loss 19 pips
Trade 22
1. Signal sell triggered at 1.9730
2. Stop loss at 1.9753
3. Take profit at 1.9707
4. Closed position with loss 23 pips
Trade 23
1. Signal buy triggered at 1.9764
2. Stop loss at 1.9755
3. Take profit at 1.9773
4. Closed position with profit 9 pips
Trade 24
1. Signal buy triggered at 1.9777
2. Stop loss at 1.9760
3. Take profit at 1.9794
4. Closed position with profit 17 pips
Trade 25
1. Signal sell triggered at 1.9738
2. Stop loss at 1.9776
3. Take profit at 1.9700
4. Closed position with profit 38 pips
Trade 26
1. Signal sell triggered at 1.9744
2. Stop loss at 1.9769
3. Take profit at 1.9719
4. Closed position with profit 25 pips
Total trades made = 6 trades
Total trade close with profit = 4 trades with total 89 pips
Total trade close with loss = 2 trades with total 42 pips
Total pips gain on April 10, 2008 = 47 pips
Let's see what happen tomorrow
very nice and good to see u post all details of trade
winning s well as losses
Thank you lifesdream,
For reader,
I think you know about winning and losing when working with a system.
Because when you develop a system either you compare it with past data or simulate it with live data, it always has some loss because of market that always change.
Then it is your duty to make your system "Go Advanced" with understanding the market movement.
FYI only, until these detail posts of trades, as you can see, there were 15 trades ended with loss, but with my advance cimov system which using an added indicators, I can reduce the losing trades to 6 trades.
It very helpful and amazing to know my system work for me in basic and advance mode.
I still post here with a screenshot to help you understand the market.
If you had heard some elder trader said that you must work with your system's signals and don't use your guts to enter/exit trade then now I tell you that you must use your guts... with one conditions : you've already know the market movement first.
If you do this then I guarantee you that you will know when to enter the trade before signal and when not to exit the trade.
You will know when use 2:1 ratio or only 1:1 ratio or even 5:1 ratio.
With guts, you will survive using any systems.
Trade continues
Here you can see six trades taken on April 11, 2008
Please see the pictures and later we discuss it.
Six trades in whipsaws market.... hmm.... very interesting...
Trade 27
1. Signal at 1.9742
2. Stop loss at 1.9741
3. We didn't take this trades because only 1 pip the distance between signal and stop loss
Trade 28
1. Signal at 1.9723
2. Stop loss at 1.9740
3. Closed trade with loss 17 pips
Trade 29
1. Signal at 1.9737
2. Stop loss at 1.9739
3. We didn't take this trades because only 2 pip the distance between signal and stop loss
Trade 30
1. Signal at 1.9701
2. Stop loss at 1.9731
3. Target at 1.9670
4. We carry this trade on next trading day
Trade 31
1. Signal at 1.9695
2. Stop loss at 1.9713
3. Trade close with loss 18 pips
Trade 32
1. Signal at 1.9692
2. Stop loss at 1.9710
3. Target at 1.9674
4. We carry this trade on next trading day
On April 10, 2008 there were 2 trades ended with loss, 2 untaken trades and 2 roll over trades.
This day trades made a loss about 35 pips
Finally a lost day after 4 strike winning days.... not bad
Let's what happen to the carried trades on Monday 14, 2008.
are u trading with fxopen standard acct?
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