MoneyTec Traders Community Forum - View Single Post - Try this Method...for 2 years ~75% accurate

MorningTrader · 27-10-2004, 12:33

I know, all of you big wigs are going to look at me and say "we all ready know this." But, this is the beginner's forum isn't it? So, to you beginners...

If you have an account.
If you know the charts.
If you understand candles.
If you have confidence.
If you can be awake 2:00 AM to 11:00 AM EAstern time.
If you are disciplined.

Yes, about 75% accurate. George Soros, apparently from what I heard, was also about 75% accurate. Who WOULDN'T want to trade like Soros!?!?!?!?!?

Try to trade EMA's (Exponential Moving Averages)

Huh? The first time I heard someone write EMA I thought they were talking about an animal! ha ha!

Trade 5-day and 14-day (or 13 or 15 if you want) EMA's on the 30-minute chart...when the lines cross anytime between the times noted, buy or sell, depending on the direction the 5 crosses. If the 5 crosses going up, buy, and sell when the 5 crosses down. I make the 5-day EMA yellow and the 14-day red. BUT be sure to open a trade after the candle closed or ONLY at the begining of every half-hour. If you trade during a 30-minute candle you'll get burned. You won't make millions of pips...you'll only shooting for a couple. Try for 30 pips a week. Think about that...30 pips, with 10 units per trade is $3,000 a week. I'm not sure about you but that's a good living. You'll lose a few here and there, but who doesn't? There are so many things to learn about EMA's but this is a start. You need to try it for a while...and log every trade.

If you have questions on everything else that takes place before this I'll watch the post.

Rock on!
CJ

OH! I ONLY trade the Euro/USD with a 3-pip spread and ALWAYS set my loss at 13. If your trade goes back 13 pips I found that it is just not going to pullback to the profit level. 13 is a good numbr, afterall. (Especially around Halloween)

27-10-2004, 12:33	#1
MorningTrader level 1 Join Date: Oct 2004 Posts: 18 Downloads: 0 Uploads: 0 Rep Power: 0	Try this Method...for 2 years ~75% accurate I know, all of you big wigs are going to look at me and say "we all ready know this." But, this is the beginner's forum isn't it? So, to you beginners... If you have an account. If you know the charts. If you understand candles. If you have confidence. If you can be awake 2:00 AM to 11:00 AM EAstern time. If you are disciplined. Yes, about 75% accurate. George Soros, apparently from what I heard, was also about 75% accurate. Who WOULDN'T want to trade like Soros!?!?!?!?!? Try to trade EMA's (Exponential Moving Averages) Huh? The first time I heard someone write EMA I thought they were talking about an animal! ha ha! Trade 5-day and 14-day (or 13 or 15 if you want) EMA's on the 30-minute chart...when the lines cross anytime between the times noted, buy or sell, depending on the direction the 5 crosses. If the 5 crosses going up, buy, and sell when the 5 crosses down. I make the 5-day EMA yellow and the 14-day red. BUT be sure to open a trade after the candle closed or ONLY at the begining of every half-hour. If you trade during a 30-minute candle you'll get burned. You won't make millions of pips...you'll only shooting for a couple. Try for 30 pips a week. Think about that...30 pips, with 10 units per trade is $3,000 a week. I'm not sure about you but that's a good living. You'll lose a few here and there, but who doesn't? There are so many things to learn about EMA's but this is a start. You need to try it for a while...and log every trade. If you have questions on everything else that takes place before this I'll watch the post. Rock on! CJ OH! I ONLY trade the Euro/USD with a 3-pip spread and ALWAYS set my loss at 13. If your trade goes back 13 pips I found that it is just not going to pullback to the profit level. 13 is a good numbr, afterall. (Especially around Halloween)