Ok Im going to have to re word the rules on that one. By touch I mean go threw it and if it never touches it because its completly threw it, that means it definatly broke it. All it has to do is go threw it by 5 pips but if its completly below it ...

4H 5EMA System

Yeah the charts are different...your both right. -Sterling

4H 5EMA System

Howard has it right as far as the system goes. The bar your chart is pointing to made a higher low that the bar howard was pointing to. Yes they both broke the 5EMA but so did all the other ones on the way down as well, and you kept using the lowest ...

4H 5EMA System

You got it right. That bar made the lowest low and is therefore the setup bar. It now has two bars following that to trigger the buy. -Sterling

4H 5EMA System

Please make sure so say your charts starting time. The room trades off of the times 2,6,10 AM and PM for new 4H candles. This will help clear things up if there is someone knew and they see 2 different looking charts. -Sterling

4H 5EMA System

Yeah I got burned a few times holding trades over the weekend and I got to thinking about what was making me hold trades over the weekend, and the answer was "hope" and "greed". And as many of you know those to things will set you up to fail. That ...

4H 5EMA System

Allivemind had it right. The rules state that a setup bar must break the 5EMA by 5 pips, dont you thinkthat if price is all the way threw the 5 EMA that would be breaking threw it by 5 pips. The answer is yes it is. Hope this helps clear some things ...

4H 5EMA System

lol....no one has started trading the challenge. And after this month I won't blame them. I wouldn't want to have my system get imbarresed either haha!! You know Eric being that your family youd think you wouldnt want to see me pay out money lol. ...

4H 5EMA System

My template — Thats pretty cool...you learn something new everyday! Thanks Alllivemind. -Sterling

4H 5EMA System

Ok Ill give that a try give me a minute and Ill load it up. Yeah this trade is up over +800 pips now. Pretty good trade to say the least. -Sterling

4H 5EMA System

Im not exactly sure what you mean by a template? All you need is a 5EMA applied to the high and a 5EMA applied to the low. Thats it. The rest is all price action. -Sterling

4H 5EMA System

They are. But in order for the trade to get triggered the high of one of them would have to broken and it hasent happened yet. So you just keep using the bar that makes the lower low and if it keeps going lower you keep having a new setup bar until ...

4H 5EMA System

From my experience the G/J is by far way to choppy. Volatility is good if its directional but the G/J is not. The E/J is definatly a lot better. As Ive always said you are welcome to backtest any pair you like and post results, it would be a great ...

4H 5EMA System

That rule is talking about cancelling the reversal order to go long, not the current short we are in. I have a new rule that dosent effect the basis of the system just the way profits are takin on big trades and it goes like this: When the market is ...

4H 5EMA System

2PM update — As of right now the short trade is up +450 pips or so. Here is the chart for the day and also the current orders you should have put in the market at 2PM EST. As always in the chart red arrows point to the setup bar and the blue ...

4H 5EMA System

Yeah its up almost +500 pips! As I said on monday or over the weekend even before we took this trade, I know this system averages 3-4 big trades a month and the little one average out. That being said we were 20 days into the month and only had one ...

4H 5EMA System

I have to agree with you and that why if I come back to the computer and see this has happened I leave the trade on, I just move the stop 5 pips below the new low to protect me from an early stop out. Good point Volcano. -Sterling

4H 5EMA System

Well the trades up +385 pips or so now. Price continues to make lower lows so we continue to move are orders down. At 10AM we will offically be able to lock in around +280 pips. The good things about when you get a long sell off like this is there ...

4H 5EMA System

Yeah that a good one. Ill put something about that in there right now. Thanks for the suggestion. -Sterling

4H 5EMA System

I assume by "level" you mean the trade level? So I would set it to a negative number? I used to use "2" on trade level so I would use "-2" to have something comparable that will also have reversal signals? Thanks again! -Sterling

Trading System Using Relative Strength-Part 2