Well we have had two failed setup bars after that recent one with the high, and now the third bar has closed. Since it penetrated the upper band it now becomes the new setup bar, so I moved the buy stop for my short to: 1.4965. This is also my ...

4H 5EMA System

Looks good trixtuf, but what about the long term? We need to backtest for a few years. The 8 hr had a big short winner, went long Friday and is still long. I have been trading both the four hour and eight hour with real money for over 2 months now, ...

4H 5EMA System

My broker opened early, so I got back in long @ 1.4737

4H 5EMA System

Sounds like good advice on the weekend closeout, Citi.

4H 5EMA System

1. Well I forget who brought this up last Friday, but this is the 3rd week in a row I would have been WAY better off getting out for the weekend 5-6 hours before the close. And I do mean WAY! When we finally get a dependable EA and do some ...

4H 5EMA System

On Alpari, the 8:00 candle is a setup candle, then 2 failed reversal bars. Isn't the 20:00 candle the new setup? And we should have a buy order?

4H 5EMA System

The IBFX charts have done better on occasion, but since I have been in here from almost the beginning, then Alpari have definitely done better. They used to have 2 hr difference, what happened? DST, but I dont get why that made a difference

4H 5EMA System

I guess I was teasing you. I know the truth is you like to test things well and be sure of what you are doing. When we get a good EA we can optimize the ema. Who knows, maybe a 8 or 9 is best...

4H 5EMA System

Sterling is talking about a new or different EMA. Some of you are reading EA instead of EMA. Like maybe he is using a 6 or a 10ema instead of a 5ema. he will tell us when he tests it further. I have been here awhile, he like to tease us first, lol ...

4H 5EMA System

Toni, I can tell by your posts and your ability to help so many in here that you are a really smart guy. It's just the Avatar that's a bit misleading! Thanks for looking out for me. Even after understanding the system I've made a few errors. Michael

4H 5EMA System

Thanks Toni, My math is good I just have a 4 pip spread

4H 5EMA System

Denver, On my Alpari chart, I have the low of that last candle at 1.5362. We do no pay spread on sell orders, So our sell should be 5 pips lower at 1.5357. A;so, shouldn't we be long on the Alpari chart, when the 12:00 candle broke? High was 1.5401 ...

4H 5EMA System

I'm with you, Citi. I wish I had gotten out with profit before the end of the day when you did. I want to follow the rules impeccably but like you that is the one rule I may exit early. I have been trading long enough to know if there is a trending ...

4H 5EMA System

Sterling, Should we trade right through Thanksgiving? I'm thinking low volume=choppiness.

4H 5EMA System

I've been waiting for a good EA since the system started. I'm looking forward to backtesting the system on 6 hr and 8 hr charts. Also maybe the EUR/JPY and the AUD/USD. I've been trading the basic system live since we've started, and have done well ...

4H 5EMA System's EA

Sterling, On trade#16 you are using Alpari. For myself, using IBFX, I have the week start with a candle on a four hour chart that only lasts 1 hour. In this case I would have gotten a better entry, but generally, would you combine that one "off" ...

4H 5EMA System

You are right ElDee, I was looking at the previous bar, and now it's about this one closing right now. Buy stop reverse is 1.4988

4H 5EMA System

ToniRai, Where do you live that you go to sleep so early? Here in Phoenix it's only 4:30 or so. Yes we have been in a tight range that costs the system, but we will break out. The long the market goes sideways, the more monentum it has! Also, on the ...

4H 5EMA System

Nice! The warp drive must be under the desk, right? M

4H 5EMA System

Then if it is above the original setup bar, we can also think of it as a recent high (or low)

4H 5EMA System