Complex trading system #4 (Trend trading with EMAs)
Submitted by Edward Revy on May 18, 2007 - 09:06.
Trading strategy setup:
Time frame: 1 day, 1 hour or 30 min.
Currency pair: any.
Indicators:
80 EMA
21 EMA
13 EMA
5 EMA
3 EMA
RSI (21)
Trading rules:
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Hi Luigi,
these are EURGBP and EURCHF.
Best regards,
Edward
Hi Edward,
Please tell me should we wait for all EMA's to cross below/above 80 EMA or we just can get the entry with 3,5 EMA cross over 13,21 EMA and RSI21 cross 50?????????
Regards
Faisal
Hi Edward,
This is my Chart of Gbp/Jpy
3EMA=Yellow Line
5EMA=Grey Line
13EMA=Orange Line
21EMA=Blue Line
80EMA=White Line
It is clear that bars are still below 80EMA (Bearish) but 3,5EMA crossed 13,21 EMA's and RSI21 is also crossed above 50 so now can i take long entry or i should wait all EMA's to cross above 80 EMA for long entry.
Regards,
Faisal
Hi Faisal,
you should always wait till price goes above 80 EMA before going Long.
Best regards,
Edward
Hi Edward,
Maybe you should amend the trading rules in the first page as the requirement that the price should go above or below the EMA 80 before entering the trade was not mentioned.
Regards.
Benson
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