Try this Method...for 2 years ~75% accurate

[MorningTrader]

Thanks, first of all, for everyone clearing up a "period" vs a "day." Much appreciated.

So...a 5 "EMA" and a 14 "EMA" is going to cross, let's say, down...and we'd sell. You should see a profit within anywhere from a few seconds to a few minutes. My goal is 10 pips per trade. Let me say this...and this is easy. If I get 6 pips, or 4 pips or even 3...and the market is moving slow after I entered I will get out. If I am at 5 pips and intend on staying in the trade, I bring my stop to my entry rate. My broker gives me a 3-pip spread, as most do, for the Euro/USD pair. Those 2 freebies are a big helper! These lines cross anywhere from 2 to 5 times a day...but only trade betwen 2-11 AM EAstern time. I added a picture that describes what I look for. Every trade that I make I do this...see the picture.

Rock on!
CJ

Oh, and never set your trade, set your limit and leave. If you are up 5, 7, 8 pips or whatever and it goes back, you could have made "some" cash rather than lose it.

[MorningTrader]

I use 12-14 EMA's sometmes...the graph posted is for the 13, not 14.

They are all very close in relation....

CJ

[MorningTrader]

If you are at 10 pips profit, bring your stop loss to +5. If you are at 15, bring it to +10...and so on.

If you have your stop in the profit range you'll always gather soem pips in your pocket. Keep your stop going 5 pips from the going rate. You'll be jumping around like a crazy monkey (can't say I've even seen one but it sounds entertaining!) setting your stop but it pays off.

Still....ROCK ON!
CJ

[autofx]

CTGJr is correct about EMAs, and Tekunda is incorrect.

I've written software to calculate EMAs and many other
indicators in several timeframes, so I think I know of what I
speak.

[MorningTrader]

I really don't care to tell you the truth. An EMA is an EMA. We know how they work. But I thought I'd post these links showing information about the EMA's so beginner's aren't confused.

First: (About the moving averages)

http://www.investopedia.com/university/movingaverage/movingaverage1.asp

Second: (About the "periods)

http://www.investopedia.com/university/movingaverage/movingaverage2.asp

Last: (About EMA's in general)
http://www.investopedia.com/terms/e/ema.asp

ROCK ON!
CJ

[MickMason]

Originally posted by MorningTrader


My goal is 10 pips per trade. If I get 6 pips, or 4 pips or even 3...and the market is moving slow after I entered I will get out.

Rock on!

Yeah ok, an ema cross strategy with 13 pip stops and 10/6/4/3/anything targets, that's one hellava way to get wiped out, especially when you hit a ranging market. 75% accuracy, I doubt it, but even with a 75% accuracy rate the strategy is still a loser.

Rock on? lol, whatever dude!

It's nice to see the 90% is still alive and kicking and encouraging others to join that elite club.....

Mick

[total]

i am getting tired of the kind of posts by mickmason on this forum

what is your idea mick?

i have used the ema's for a long time and never been burned.

of course they have whipsaws and that's where money management comes in.

mick show me a system without whipsaws

[valpopacanada]

MorningTrader,

2 questions : 1. What do you think about introducing the third EMA like a good filter, for example EMA 62 ? That means if 5 and 14 are crossing 62 that's a realy good signal. Actualy this is not my ideea, an ebook had been written about the EMA 5/13/62 system.

2. The 5 and 14 EMA cross is very close to 5 and 20 WMA cross which is a nice system developed by Bunny girl. Her third favorite cross is WMA 100. What Bunny recomends for the SL is the WMA 20 itself and she's also using a 20 pips filter from the cross.

Generaly the third EMA is good to be taken in consideration not only after it was crossed but before also, because it can be an important support/res line. To those systems I'd add the pivot points and Fibonacii lines, general trend lines and patterns and here we go !
Overall I'm realy happy to find experinced trader coming here to share from their experience, thank you. Val