#3 The Best of EMA Crosses on S/R
Submitted by Edward Revy on June 5, 2008 - 07:03.
AUTHOR: Ayetemimowa James
STRATEGY: The Best of EMA Crosses on S/R
Time frames: 1hr and 15min
Indicators: 5ema(close-red), 6ema(Open-blue), 20ema(close green), Daily, weekly, monthly pivot,Fibonacci retracement Weekly and Daily support and resistants, Breakout-Eagle Indicator.
PAIRS: Anything traded online that respects technicals - Commodities, FOREX, INDEXES, SHARES ETC
SETUP:
I will be using EUR/USD June 3 as an example.
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Good day.
Could you please inform how to set the pivot points in the New york session?
thank you
Oscar
It seems great james. I wud definately try it.
Thanks for sharing..:)
Krsna
When you get a buy or sell signal on the 15 min chart when you switch to the 1 hour chart does the 5 and 6 have to be crossing at that point or could it have crossed on previous bars?
Frank
There must be 100 or more red horizontal dashed and solid lines on the chart in your template. What are they used for in your strategy, and how did you determine them?
Great worked, thanks James for sharing!
Tom
When you get a buy or sell signal on the 15 min chart when you swith to the 1 hour chart does the 5 and 6 have to be crossing at that point or could it have crossed on previous bars?
I have a sell signal on GBP/CHF when i switched to the 1 hour chart the 5 and 6 had crossed but they crossed about 5 hours ago?
thanks
Mike
Hello Chux, setting the breakout eagle indicator to the active session you want to trade gives a visual aid.
James.
It's is important that you allow the candle in 15min timeframe to close and u see the arrow then the next move to to check the 1hour time frame.
James
Please could you explain what the breakout eagle indicator is used for and how it aids trading?
You asked us to put it among the other indicator but you did not explain why it is inserted in the chart.
Chux
do i wait for the candle with the arrow to close?
could you please tell what is the importance of the 20ema that is added in the strategy?
Tenwill
is it a must i experience a break on S/R before i make a move or immediately i saw the ema cross signal alert?
Ayetemimowa i need more of your explanation. thank you.
Best Regards.
Tenwill
James, may I say y'a da best!! May Olorun bless u multiple times over!!!....Thanks for representing Naija!
I ran into your strategy while "googleling" for a nice trade strategy and got yurs. Tested it on my Demo accnt and it worked far too well and I can't wait to deploy it on my LIVE trade!
One love y'all!
Jahswill
one more question pls!
are the ema-crosses indicator alert and breakout-eagle indicator can only be found in meta trader4?
good evening to you mr author!
my question is, how can i plot pivot on weekly time frame, should i open weekly time frame and use my pivot on the previous week dated May 30 or should i use week dated June 06 which is still keep on moving with the current price or i must open a daily chart and draw lines from 1st day to last day of the previous week?
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