Maybe I can clarify first, I never claim that the 9/20 EMA setup is that of my invention. as the thread title suggests, "How to use the 9/20 EMA setup effectively", I hope nobody interpret it as my invention, or else I would have posted it in the ...

How to use the 9/20 EMA setup effectively

Hi, glad to know someone who uses this too. Yes, this setup existed for a long time already, and its has served me well since my first attempt couple of years ago. I had read about it in the website you mentioned too. I don't use it exclusively ...

How to use the 9/20 EMA setup effectively

Comsider average daily range — In daytrading, I seek to capture the meat of the movement within the 24 hr period. However within 24 hrs the movements can be rather limited. Below I explain how I determine if the signal is worth taking. It can ...

How to use the 9/20 EMA setup effectively

Triangles, Wedges etc — The application of using the 9/20 EMA setup with triangle patterns is similar to that of trendlines. Take note, this setup can be used for reentry upon breakout, and not for getting in a position early. image zoom in ...

How to use the 9/20 EMA setup effectively

Trendlines consideration — Trendlines are one of the most simple and effective method of analyzing charts. There are some flexibility in this. Firstly, the obvious is to trade in the direction of the trend as indicated by the trendline. Second ...

How to use the 9/20 EMA setup effectively

60 SMA — The validity of the signals can be further enhanced by adding a 60 period SMA. On long entry, you would prefer the 60 SMA to sloping upwards and vice versa for short entry, although it is not an absolute must. A picture says a ...

How to use the 9/20 EMA setup effectively

Breakout of yesterday range — We all know how when prices break previous day levels provide excellent profit potential. Heres an example of how to reenter a previous day range breakout when you miss the initial break. The horizontal line is ...

How to use the 9/20 EMA setup effectively

The 9/20 EMA setup and why this — For people not familiar with the 9/20 EMA setup, here is a brief introduction to the method in its purest form. Later you will see how this setup is very useful when combined with commonsense trading ...

How to use the 9/20 EMA setup effectively

Yeah i have a long order of EU at 1.5598

Drawing correct resistance and support-lines

U bet i am... Depending on your time frame...i am expecting no more than 70 pips should it drop within this 24 hrs.

Drawing correct resistance and support-lines

Yep the break at 0100 GMT seems to be intended to kill the short orders first...will have a confirmation once it breaches yesterday low again... image All da best to u too !! Having problems with my charts...using free ones now

Drawing correct resistance and support-lines

USD — Chances are more correction to come ? Today may set the mood for the rest of the week.

Drawing correct resistance and support-lines

Thanks jupiter_peak for bringing this into attention...looking at it now

Drawing correct resistance and support-lines

EUR/USD — Well nice ride down...against the trend...exciting image

Drawing correct resistance and support-lines

shorted 1.5732

Drawing correct resistance and support-lines

Indeed...looking to enter again after the data.... All the best !!!

Drawing correct resistance and support-lines

You bought "Beat the odds in forex" too right ? Worth a buy ?

Drawing correct resistance and support-lines

Ahh my short trade earlier.... Will it hold ? Well i m out with 30 pips in my pocket image

Drawing correct resistance and support-lines

Yeah the mentality of a SNIPER...

Drawing correct resistance and support-lines