Since the reversal bar is now closed, you place a sell stop order at the same price as the SL for the current long; And yes, both of them go to the lower of the closed reversal bar -5.

4H 5EMA System

That question doesn't even apply, because at the moment R breaks through the high of S, the buy stop is triggered and you're long; So it's indifferent that it touch both EMAs, because we aren't looking for a setup bar to go long no more (we already ...

4H 5EMA System

Exactly

4H 5EMA System

Correct.

4H 5EMA System's EA

Yes; Yes, and also triggered long; Yes; Yes, and also triggered short; Yes; stoploss from short was already changed in the above line; You place the buy stop at the same price as the stoploss of the short (both are buy operations, spread applies and ...

4H 5EMA System's EA

The SL for that short was at the high of B before C closed; But when C closed, since it's a setup bar to go long, we have moved that SL and placed the buy stop above C.

4H 5EMA System

I was just seing if you are all attentive Just kidding, I forgot it, well catched. I've edited my post with the correct number.

4H 5EMA System

Sorry, I went to the bakery (I also eat bread) piptrees, please edit your post and add the chart... A+B+C-chart=

4H 5EMA System

We are now long, from 1.4911, with SL at 1.4779; The present bar did a lower low before triggering the long, so if nothing changes until it closes, when it will the SL will be moved to 1.4768, and we will place a sell stop at the same price.

4H 5EMA System

The red line isn't a sell stop - it's the SL for the pending sell stop. So if the reversal bar wouldn't have retraced, and price kept going up on the next bar, nothing would have happen

4H 5EMA System

It's almost a full time job But in some way... I am getting paid to do it Sterling will be here soon? Ok, then I'll be after this bar close (in 10 min). See you all tomorrow.

4H 5EMA System

Xpat, I see, your doubt now is why the SL on the sell stop is above the reversal bar? Like Kristo said: "this is a system built around Support and Resistance" It's the most important thing, and the reason this system is what it is - if you ...

4H 5EMA System

Please repost what you've originally asked (I'm a little lost in so many posts). Maybe I didn't catch your doubt at the first time.

4H 5EMA System

Pipsnagger, Thank you for the support! It's not an easy task, fortunately there's more than one person to clarify things. Speaking of that, I wonder where Sterling is? I'll go to sleep soon!

4H 5EMA System

What didn't happen? The reversal bar making a lower low before triggering? No, that's why the orders are below the setup bar (at 1.4800). This is the normal situation.

4H 5EMA System

I think we're seing a regression in the rules' learning Your entering level doesn't matter; What matters is the lower low since the setup bar. Imagine the reversal bar would have made a lower low, before going up and triggering the long - only in ...

4H 5EMA System

Yes Kristo, I posted before seing your answer to CitiTrade. Thanks for the good and visual explanation! (I'm doing lots of things at the same time, it has been hard to follow and to give detailed answers).

4H 5EMA System

Where did you read you use the numbers of the reversal bar? You use the numbers of the setup bar!

4H 5EMA System

Yes: Before there was a setup bar, and then at 6pm you had a good reversal bar that made you go long; When it closed, you must enter the reverse order (in case you get stopped). The rule means "you never reverse a reversal bar", not "you never ...

4H 5EMA System

Yes, at the openning of this bar, you should have placed a sell stop at 1.4800.

4H 5EMA System