I dont follow the 8H chart much, only what you post really but from the looks of things its seems to be a bit choppy. Its almost like once you finally get an entry the market is tired and turns around on you. I have yet to backtest the daily...Ill ...

4H 5EMA System

lol I dont know about that but thank you anyway. Im gonna do the daily chart to bring us current. Kinda a crappy end to the week but we still made good money this week. I sure thought that short on the G/U was going to net more but then the damn ...

4H 5EMA System

Thats exactly right! I hope people that have any confusion read your post and look at the chart, it will definatly clear things up for them. -Sterling

4H 5EMA System

Well the red bar right after looks to be the setup bar and I cant tell weather or not the two following bars break its low. You said it didnt so Ill go with that. Being that you have no signal for a trade you cant get it. You would have missed the ...

4H 5EMA System

Correct. You only put the reversal order in once the reversal bar closes. -Sterling

4H 5EMA System

Yeah you got it right. If the buy's stop would not have been hit in the same bar the buy was triggered we would have put a sell stop in when the reversal bar closed. -Sterling

4H 5EMA System

Id like to just say welcome to the room and glad to see your first trade is a winner!!! -Sterling

4H 5EMA System

Basically if you understand all the rules it will eventually all come together. None of the rules contradict another. That being said you know two things...one is that you dont put the reversal order in until the reversal bar closes, and two you ...

4H 5EMA System

Thanks man, have a good weekend. -Sterling

4H 5EMA System

Wow I totally missed that. This time it worked in my favor. Ill go fix the chart to reflect this. Good eye, dont know how I missed that. Its very rare that you mess up in a market and you dont get screwed lol -Sterling

4H 5EMA System

nov 21st chart of the day — Trade #21 - We are short from 1.5014 and got stopped out for a +31 pip profit. Trade #22 - We went long from 1.4983 and got stopped out at 1.4911 for a -72 pip loss. Pretty good month going. We have a closed total ...

4H 5EMA System

Hey thanks for backtesting that! If more people were like you and actually did some work instead of shooting from the hip with no proof to back it up we might have a even better system by now. Youve done something else, givin me the motivation to ...

4H 5EMA System

hmm...ive never had to deal with that becasue I dont use those charts. I would think, and this is just my opinion I havent backtested it, that you should use that bar as a regular bar. Usually the market on Sunday jack around for a bit and then ...

4H 5EMA System

If you guys have any questions you want answered Ill be around for another 15 minutes or so, otherwise ill have the daily chart later today. -Sterling

4H 5EMA System

You should not have reversed the trade. You only put the reversal order in once the reversal candle closes. Alpari charts still have us short from 1.5014 with no buy order having been triggered as of yet. -Sterling

4H 5EMA System

I think your missing the rule that you only put a reversal order in once the reversal bar closes. -Sterling

4H 5EMA System

The rules state that you only put a reversal trade it once the reversal bar that triggers the trade closes. So in your case you would wait for the next setup bar and reversal bar. -Sterling

4H 5EMA System

Yeah I have been thinking along the same lines. There has to be a pretty simple indicator out there that can be used and yet still keep this system 100% mechanical. -Sterling

4H 5EMA System

Hey bud thanks for the post. I would be happy to reword the rules. Someone in here posted some re-worded rules but I cant find them. I really dont know how to word it better. -Sterling

4H 5EMA System

NO problem man glad I could help. I hope the pips continue on the daily for you!!! -Sterling

4H 5EMA System