Scalping system #6 (EMA Bands)

Mr. Edward sir

Your Complex Trading system # 4 , trend trading with EMA 's looks quite interesting , as well as Mr. Frank Tenerifes.
Do you think # 4 would work on shorter time frames like 1 or 5 minutes , for scalping ??? the chart example for # 4 is one hour .
Thanks .

Regards from

Nils Newbie

I have used this system on a demoaccount for a month, i use ADX indicator aswell, i don´t enter a trade just when yellow crosses Ema55 i wait for confirmation for ADX to rise over 20 then i enter the trade, then i know that the trend is strong. It works very good, on M15 timeframe.

Hey. I just recently tried ds strategy on a longer term chart. I used da eur usd 1hour chart 4 a confirmation 2 enter trade. bout 12 hours later, profits kept growin. So 4 dose who are doubting ds system 4 long term use, i hope i shed sum lite. Thank u Frank! :)

Hello to everyone,

I think that this site is great, the so-long discussed system here too. After reading all the 16 pages on the topic and seeing that this system is being discussed for almost one and a half years now what I really want to know is - is it still working for you, are you really using it on real accounts and is it worth the time to really dig into it, and to use it as a main system?

Thanks to everyone in advance!

LS Junior

Also - I know alot of you guys have been using this message to scalp on 1 minute and 5 minute charts. Has anybody had any success using this system on longer time frames? Would be interested to know. Thanks alot.

I'd say just yellow clearing red 55 EMA is enough.
If you decide to wait for a green group to cross as well, then you need to call for more patience: entering straight after the green cross might not be the best option, instead, (after a green group clears 55 EMA) you should additionally wait for yellow group to contract - and you will enter on rebound.

Hope this helps,
Thomas

Hi There

Can someone please tell me, do you wait have to wait for both the yellow and the green ema's to cross the 55 ema or just for the yellows to clear the 44 ema?

Thanks alot

Scott

This strategy plus SAR's is the best. SAR is a trigger.

Thank you for an interesting system that works.
Steve

hi i have been using a method with success very much like this one i have a problem now tho, i trade with fxdd and a friend of mine has had trades disappear from his screen he has tried to withdraw his funds but they are ignoring his emails now im worried they will do the same to me has anyone else had this problem with fxdd. lj

Exactly, when that SAR point appears on the opposite end, it says get out:) It works real good with 11 EMA's. It even looks beautiful and simple. I think in this case beauty is really effective:)
Account is up +22.5% in 4 weeks. Was +24% but I made 3 stupid trades on Friday when actually there was nothing to do with EUR/US.

I add parabolic SAR (0.02,0.2) on a 1 min GBP/USD chart. I also add 144 EMA. If yellow band crosses 144 EMA as well as 55 EMA and green band, I remove my TP order and manually close when yellow crosses green or when SAR gives opposite signal. Also, if SAR gives an exit signal and yellow has not touched green yet, I temporarily close until SAR gives confirmation that the correction is over. Also, after a large and fast price movement, I tend to expect a correction before SAR gives the signal. This early signal is the yellow band going horizontal.

Real trend starts when price is no longer kept in between its previous support/resistance levels, when it breaks out and above the previous top or down and below the previous bottom.

Will a trend support our trade or it'll be stuck in drifting sideways flow, we don't know, we can't forecast a trend in advance.
We take every trade that meets our rules and use filters and indicators only to increase our chances to be on the winning side, not to predict a trend.
That's why some trades will be losers no matter what.

Regards,
Edward

Dear Edward, I use this strategy and it is really good one. However I am having a problem with detecting when real break out happens and when trend starts. How this strategy and its indicators can be used and for what signs should I watch to detect real trend start and not to get into false trends?

Joan,
I use 40 to 50 pips stop on EURUSD hourly charts.

Simon