70# 3 EMA'S Trading System
Time Frame: 15 or higher.
Currency pair: all.
Indicators:
3 EMA (exponential moving average indicator);
13 EMA (exponential moving average indicator);
144 EMA (exponential moving average indicator).
Long Entry
The price should 1. be above the 144 EMA
2. The price should be above the 13 EMA
3. The price should be above the 3 EMA
4.When the 3 EMA comes from below the 13 EMA to above
it, this is a signal to enter a long trade.
5. Open a long trade at the start of the next candle
6. Place a stop-loss order at the most recent lows
7. Exit the trade when the 3 EMA crosses below the 13 EMA
(optional)
In the picture below an example 3 EMA'S Trading System in action.
This screenshot shows (Point A) where the 3 EMA (Green Line)
crosses over the 13 EMA (Pink Line) to the up side, thus
generating a buy signal to go long because they were both
above the 144 EMA (Black Line).
The trade would have been exited at point B
Short Trade
The price should 1. be below the 144 EMA
2. The price should be below the 13 EMA
3. The price should be below the 3 EMA
When the 3 EMA comes from above the 13 EMA to below
4. it, this is a signal to enter a short trade.
5. Open a short trade at the start of the next candle.
6. Place a stop-loss order at the most recent highs
7. Exit the trade when the 3 EMA crosses above the 13 EMA
(optional)
The screenshot above is showing a short trade. (Point A) is
where the 3 EMA (Green Line) crosses over the 13 EMA (Pink
Line) to the down side thus generating a sell signal to go short
because they were both below the 144 EMA (Black Line).
The trade would have been exited at point B.
The second part of the 3 EMA trading system is when both of
the shorter moving averages cross over the 144 EMA at roughly
the same time (within a few candles).
13 crossing the 144
This part of the system involves watching for the 13 and 144
EMAs crossing over the 144 EMA, whether above or below (long
or short positions). This might be a very good trading
opportunity.
An example of what the chart looks like when this happens is
pictured on the screenshot below.
As you can see, the 3 (Green) is crossing below the 144 (Black)
at about the same time the 13 (Pink) is crossing below the 144
(Black). This can be very powerful.
When both the shorter EMAs are below the 144 EMA this is the
time to enter a short trade, with stop loss at the most recent
highs.
If you missed this entry for some reason you can also enter a
short position if the price comes back to the 13 EMA (Pink Line).
Once the trade is moving in your favour the 144 EMA is your
EXIT POSITION
Exit 1 Have a predetermined target; either at least the same
amount as you are risking or twice or 3 times the risk.
Exit 2 Follow the trade by moving your stop-loss order as the
price makes pull-back highs, (short trades - opposite for long
trades) each time a new pull-back high is made ride the trade
down.
Exit 3 Employ a trailing stop.
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