144 EMA MultitimeFrame Forex System

144 EMA MultitimeFrame Forex System is a trend following system based on two moving exponential averages.

Time Frame 5 min, 15 min, 30 min.

Forex Indicators:

144 EMA, close,

10 EMA, close.

Trading Rules

Open 15 min and 30 min chart for check the trend direction of the price or determine the trend after go back to 5 min chart.

Sell

1. Price below the 144 EMA on all three time frames
2. The 10 EMA  below the 144 EMA on all time frames.
3. Price must be below the 10 EMA on the 5 minute chart.
4. Wait 2-3 bars for price to close below the 10 EMA on the 5 minute chart.
5. Enter the trade when the price come back and close to the 10 EMA on the 5 minute chart.
6. Exit the trade when price closes above the trend signal line (144 EMA) on either the 5, 15 or 30 minute charts or exit with Take Profit of 15 -25 pips has been reached.

Buy
1. Price above the 144 EMA on all three time frames
2. The 10 EMA  above the 144 EMA on all time frames.
3. Price must be above the 10 EMA on the 5 minute chart.
4. Wait 2-3 bars for price to close above the 10 EMA on the 5 minute chart.
5. Enter the trade when the price come back and close to the 10 EMA on the 5 minute chart.
6. Exit the trade when price closes below the trend signal line (144 EMA) on either the 5, 15 or 30 minute charts or exit with Take Profit of 15 -25 pips has been reached.
Short Example 1

The red horizontal line on the image above shows the current candle we are looking at. At
this point, the price is below the 144 EMA on all 3 time frames, i.e. the 30 minute, 15 minute
and 5 minute charts.
The 10 EMA is also below the 144 EMA on all time frames. As you can see, price is below the
10 EMA on the 5 minute chart above.
Price has closed below the 10 EMA on the 5 minute chart over the previous 2-3 bars so I
waited for price to retrace to the 10 EMA on the 5 minute chart. The price then retraced or
came extremely close to the 10 EMA on the 5 minute chart so I looked to enter the trade.
I will remain in the trade and follow the trend until 15-25 pips has been reached or if I see an
indication that the trend may be reversing, at which point I will look to exit the trade. That is
usually when price closes above my trend signal line (144 EMA - purple).

Short Example 2:

Above is another 5 minute chart. The price is below the 144 EMA on all 3 time frames (30
minute, 15 minute and 5 minute charts).
You can see that the 10 EMA is below the 144 EMA on all time frames. The price is also
below the 10 EMA on the 5 minute chart.
After the price has closed below the 10 EMA on the 5 minute chart over the previous 2-3
bars, I waited for price to retrace to the 10 EMA. As soon as the price retraced and came
extremely close to the 10 EMA, I looked to enter the trade.
I remained in the trade and followed the trend until my target of 15-25 pips had been
reached.

Short Example 3:

This is another example on the 5 minute chart. With the price below the 144 EMA on all 3
time frames (30 minute, 15 minute and 5 minute charts), I began looking for potential trade
setups.
On all the time frames, the 10 EMA is below the 144 EMA and the price is below the 10 EMA.
Price has closed below the 10 EMA on the 5 minute chart over the previous 2-3 bars so I
waited for price to retrace to the 10 EMA on the 5 minute chart. The price then retraced and
came extremely close to the 10 EMA on the 5 minute chart so I looked to enter the trade.
I remained in the trade and followed the trend until my target of 15-25 pips had been
reached.

Short Example 4:

Take a look at the image above. Here we have another 5 minute chart. I made sure that the
price is below the 144 EMA on all 3 time frames, i.e. the 30 minute, 15 minute and 5 minute
charts.
I also made sure that the 10 EMA is below the 144 EMA and price is below the 10 EMA on all
time frames.
There have been 2-3 bars that the price has closed below the 10 EMA on the 5 minute chart,
so I waited for price to retrace to the 10 EMA. When the price retraced and came extremely
close to the 10 EMA on the 5 minute chart, I entered a short trade.
I remained in the trade and followed the trend until my target of 15-25 pips had been
reached.

Short Example 5:

In this other example on the 5 minute chart, the price is below the 144 EMA on the 3
timeframes (30 minute, 15 minute and 5 minute charts).
The price is below the 10 EMA while the 10 EMA is also below the 144 EMA on all time
frames, so this is where I look at the 5 minute chart for potential setups.
Price has closed below the 10 EMA on the 5 minute chart over the previous 2-3 bars so I
waited for price to retrace to the 10 EMA on the 5 minute chart. The price then retraced to
the 10 EMA on the 5 minute chart so I looked to enter the trade.
Long Example 1:

The red horizontal line on the image above shows the current candle we are looking at. At
this point, the price is above the 144 EMA on all 3 time frames, i.e. the 30 minute, 15 minute
and 5 minute charts.
The 10 EMA is also above the 144 EMA on all time frames. As you can see, price is above the
10 EMA on the 5 minute chart.
Price has closed above the 10 EMA on the 5 minute chart over the previous 2-3 bars, so I
waited for price to retrace to the 10 EMA. The price then retraced or came extremely close
to the 10 EMA on the 5 minute chart so I entered a buy trade.
My target of 15-25 pips has been reached so I exited the trade.

Long Example 2:

We have another 5 minute chart above. Once I have made sure that the price is above the
144 EMA on all 3 time frames (30 minute, 15 minute and 5 minute charts), I will look at the
10 EMA and make sure that it is also above the 144 EMA on all time frames.
Once that’s done, I looked at the price and checked if it is above the 10 EMA on the 5
minute chart.
When the price has closed above the 10 EMA on the 5 minute chart over the previous 2-3
bars, I waited for price to retrace to the 10 EMA. The price then retraced and came
extremely close to the 10 EMA on the 5 minute chart so I looked to enter the trade.
Long Example 3:

In this example on the 5 minute chart, the price is above the 144 EMA on all 3 time frames,
i.e. the 30 minute, 15 minute and 5 minute charts.
The 10 EMA is also above the 144 EMA on all time frame, and the price is above the 10 EMA
on the 5 minute chart.
Price has closed above the 10 EMA on the 5 minute chart over the previous 2-3 bars so I
waited for price to retrace to the 10 EMA. I entered the trade when the price retraced to the
10 EMA.

Long Example 4:

Let’s look at another 5 minute chart. The price is above the 144 EMA on all 3 time frames, i.e.
the 30 minute, 15 minute and 5 minute charts.
The 10 EMA is also above the 144 EMA on all time frames. You can also see that the price is
above the 10 EMA on the 5 minute chart.
Price has closed above the 10 EMA on the 5 minute chart over the previous 2-3 bars, so I
waited for price to retrace to the 10 EMA. The price came extremely close to the 10 EMA so
I entered a buy trade.

Long Example 5:

Here’s a good example on another 5 minute chart. The price is above the 144 EMA on all 3
time frames, i.e. the 30 minute, 15 minute and 5 minute charts.
The 10 EMA is also above the 144 EMA on all time frames. As you can see, price is above the
10 EMA on the 5 minute chart.
Price has closed above the 10 EMA on the 5 minute chart over the previous 2-3 bars so I
waited for price to retrace to the 10 EMA. The price then retraced and came extremely close
to the 10 EMA so I looked to enter the trade.
I remained in the trade and followed the trend until my target of 15-25 pips had been
reached.