USD/JPY — i was stopped out at +3 after that...this trade could yield 15 pips at most Bad timing image

How to use the 9/20 EMA setup effectively

USD/JPY — Will this work out ? My feeling is I have to wait for the beige book results. image

How to use the 9/20 EMA setup effectively

USD/JPY — Hmm could it be a correction first ? Heres 2 point as indicated by the 2 arrows that I would attempt to go long should the 9/20 ema turn into my favor of going long. Still following the main trend. First arrow is yesterday day low ...

How to use the 9/20 EMA setup effectively

USD/JPY — Apologies for my absence as i took a break from trading. Well, today i am looking at USD/JPY. What i see here is a strong bullish bias and price bounced off the previous consolidation area. I am following to see if the trend ...

How to use the 9/20 EMA setup effectively

Hi Rialto, You are most welcomed. Any system works, practice is the key to making it work. Agree ? Do let me know if you need more clarifications. Regards mARK

How to use the 9/20 EMA setup effectively

Hi Jest, apologies for my late reply, kinda of in an off mood last week as i am out drinking instead of trading. I understand your question now....it depends on circumstances. Say if i enter in the direction of the daily or 4 hr trend, then its ...

How to use the 9/20 EMA setup effectively

Ah...Jest i shall not ask then. On stop losses, eh...i dont use pre dertermined pips, coz there are many factors like trendlines, ranges, S/R...but generally any situation where i need to have a 50 pip or more draw down in order to be "proven wrong" ...

How to use the 9/20 EMA setup effectively

Yo brudder, According to trading naked website its mike bruns, was introduced to this by a ex dealer friend of mine in 2003. Hows the programming thing then ? Good ? I tech idiot hehe regards

How to use the 9/20 EMA setup effectively

Hi, all the charts posted here are 5 min charts, I use this setup exclusively for timing entry on an intraday basis. Using this setup on time frames like 1 or 4 hrs charts seems to have more fake signals and its better to wait for a whole candle to ...

How to use the 9/20 EMA setup effectively

USD/JPY — I had one position today on the USD/JPY, and it is fairly easy to identify the trade. First, the price broke yesterday high, price floated around the high of the day indicating strength plus the 9/20 setup was a textbook classic. And ...

How to use the 9/20 EMA setup effectively

Thanks, i am glad you like it. As I was required to be somewhere else yesterday throughout the New York trading session, I was not able to post. Today is still busy but I manage one trade on USD/JPY earlier. I will check out other crosses to examine ...

How to use the 9/20 EMA setup effectively

USD/CHF — Ouch, I got caught in the line of selling fire power. Well that is the risk when somebody important is talking. Loss about 30 pips, what a way to start the day. Will wait for a chance to go long again.... image

How to use the 9/20 EMA setup effectively

USD/CHF — I have a buy entry here... image

How to use the 9/20 EMA setup effectively

USD/CHF — Hi, I have a potential triangle pattern formation here. While the 9/20 ema is unclear yet, lets wait and see. image image

How to use the 9/20 EMA setup effectively

Agreed, it is indeed a commitment and responsibility. mt

How to use the 9/20 EMA setup effectively

Firstly thank you. Its not my system but rather that of another, i simply added some commonsense to avoid making poor trades. To be able to spend 1 to 4 hrs in early european session is great, it is where most of the action happens most of the time. ...

How to use the 9/20 EMA setup effectively

Yeah you are most welcomed, those are of my personal experiences. Yep, don't neglect your dog as well. As I took a break today and went out to get in touch with nature, I saw a Great Dane in a petshop and i love it !! but my apartment is too ...

How to use the 9/20 EMA setup effectively

Following the query on profit taking and stop losses, I would like to put forward this philosophy that has served me well. -The key to profitable trading is not to position yourself for maximum profit, but rather position yourself for minimal loss ...

How to use the 9/20 EMA setup effectively

Stoploss ? — Determining where to stop losses is to me a rather creative endevour. I say this humbly, experience has allowed me to bend and twist my own stoploss policy and very often breaking it, and I got away with it most of the time losing ...

How to use the 9/20 EMA setup effectively