Scalping system #6 (EMA Bands)
Submitted by Edward Revy on July 19, 2007 - 18:54.
This scalping system was sent by Frank Tenerife (Spain).
Thank you Frank! You contribution is greatly appreciated.
Here is the system:
"This is an efficient system of scalping that works in 1 minute up to 1 day all periods and all Currency
Ema 3
Ema 5
Ema 7
Ema 9
Ema 11
Ema 13
Color yellow
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Hi Edward
Thanks again !
George
Hi Dear Edward,
Tnx 4 Email address. I obtained a rule for "Pull Back" situation.
For Long, The alarm candle (that confirms squeeze or pull back of Yellow Ema's) must be opened sopping above the green Ema's and closed above the yellows.
For Short, The alarm candle must be opened bellow the green Ema's and closed bellow the yellows.
Regards - Ehsan
Nice comment,
thank you, Ehsan.
Thanks to EVERYONE on this web site for your comments and suggestions. I feel like I belong to a friendly Club here !!
George
Hi Edward-
There still seems to be different ideas re the pullback.
Ehsan on 4-4 ,
sez the candle that confirms the squeeze must open above / below the green and close above / below the yellow for
the entry , but on web page 4 , answering me , you said
enter after the first candle that closes above / below the 3 EMA !
Regards,
Fraser.
Yes, that's different approaches, test them and see which work best for you.
Regards,
Edward
Edward-
I did an extensive internet search on Alan Hull and Daryl Guppy. The comments from traders were overwhelmingly favorable . Many of them
said they had been using some variation of Multiple EMA's for several years , a good Testimonial in itself . Hull's EMA's are exactly the same as Frank Tenerife's , by the way .
Fraser
Thank you for sharing with us the results of your research!
Good comment!
Regards,
Edward
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