Profit taking — Regarding profit taking in daytrading, you really need to read post #8 first. Once you have done that please read on. In any given day within a 24 hrs period, any particular pairs are only capable of attain a certain range. It ...

How to use the 9/20 EMA setup effectively

Hi, thank you for your interest, i am myself a fan of moving averages, although honestly i place more importance on the price action and trendlines. The 9/20 ema setup has proven to be very useful for "guiding" the trader into a proper entry area. ...

How to use the 9/20 EMA setup effectively

My apologies as I took a break from trading thus i am only posting now.

How to use the 9/20 EMA setup effectively

EUR/USD — It worked out just fine, if you are happy with 20 - 30 pips. I am personally hoping it will breach previous day levels. Why this trade works out with the 9/20 ema ? Mainly its because the 1.5500 level did not hold. image

How to use the 9/20 EMA setup effectively

I am a Fool Timer, Really dosent matter if u trade full time or part time, I know part timers who make more than full timers. What matters is your skill level and experience. The best would be a full time income with a part time working hour. Cheers ...

Are you a full Time Trader Or Part Time?

EUR/USD — Are we looking at another potential long opportunity ? With the london session wrapping up, let see if enough activity can push through previous day high. Move to break even once you secure 10 pips or whatever suits you. image

How to use the 9/20 EMA setup effectively

Thank you....I try to post as early as possible...but is limited by market circumstances sometimes. Yeah daytrading is fun...hope you can work it out again. Regards mt

How to use the 9/20 EMA setup effectively

I would like to say here again that the purpose of this thread is to document how to take a moving average crossover at its maximum profit potential, and not just take every signal blindly. Refer to post #3, 4, 5, 6 and 8 for the general variations ...

How to use the 9/20 EMA setup effectively

You are most welcomed.

How to use the 9/20 EMA setup effectively

EUR/USD — This pair turned around and bounced back after rejecting at previous day high, indicating the downward bias is still strong. Thus the 9/20 ema provide a couple of opportunity to go short again. image

How to use the 9/20 EMA setup effectively

USD/JPY — And it went on to drop another 40 pips..... image

How to use the 9/20 EMA setup effectively

USD/JPY — Take a look at USD/JPY...i missed it...waiting for a good chance to enter again since it broke previous day low. image

How to use the 9/20 EMA setup effectively

EUR/USD — Those who are quick should be able to secure 5 to 10 pips already. image USD/JPY seems to have developements too.

How to use the 9/20 EMA setup effectively

EUR/USD — Here we have the price and 9/20 ema trading under the 60 sma...with a bearish trend mid term, lets see if an early short is possible. Take note that this pair is still under very strong bullish long term trend. image

How to use the 9/20 EMA setup effectively

hi, Personally, I find your lines drawn a bit "loose". Try browsing through this thread as there are a lot of examples and tips. One good way to practice is to draw them on smaller time frames eg, 3 or 5 mins charts. The reason being you can find ...

Drawing correct resistance and support-lines

Dear silverheat, As i trade much smaller timeframes, I find it hard to contribute here. However I find your trading plan well thought out, the challenge would be to follow your plan. All the best mt

Drawing correct resistance and support-lines

While waiting the action to start during this Asian trading session. Lets see how this setup worked last friday on the following pairs... EUR/USD Below we can see how the price quickly fell below the 60 sma followed by the 9/20 ema. Most would have ...

How to use the 9/20 EMA setup effectively

Following posts #3, 4 ,5, 6 and 8 on the variations and considerations. Lets see how those principles apply when the market open this coming week. Cheers mt

How to use the 9/20 EMA setup effectively

Thank you and your contributions are much welcomed and appreciated.

How to use the 9/20 EMA setup effectively

benssol, Thanks for highlighting the origin of this setup, my bad as I do not know better. mt

How to use the 9/20 EMA setup effectively