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- Kj-fx replied Jan 31, 2016
We have some more examples. Let us study the following figure: image Figure - 8 Candle # 1 is 2.00p.m. dt. Jan-26-2016 (NY Time) one. It gives good example of 34EMA acting as a dynamic support. Candle # 2 is 3.00a.m. dt Jan-27-2016 (NY Time) one. ...
- Kj-fx replied Jan 26, 2016
Thank you, Go5 for your input (Post#27). For your question - "how many candles you allow in between the setup and trigger?", the answer is - I will cancel that pending order when I get opposite side trade setup. We have two more examples in the ...
- Kj-fx replied Jan 25, 2016
Please see the following figure showing the two trades: image Figure - 6 Candle#1 is 4.00p.m. dt.Jan-20-2016 (NY Time). This setup is based on trend confirmation from 34EMA, & 13EMA. Candle#2 is 4.a.m. dt Jan-22-2016 (NY Time). This setup shows ...
- Kj-fx replied Jan 18, 2016
Thank you, Go5, (Post#24), for catching very important point. It is my mistake. I should not have provided that example for this technique. This brings very important point that always check the guidelines before getting carried away by the past ...
- Kj-fx replied Jan 17, 2016
Thank you, KeenPips (Post#20). To answer your question, dafa (Post#21), let us have look at the following figure: image Figure - 5 The candle#1 is 4.00a.m. Jan-15-2016 (NY Time) which more or less resembles the candle of your question. I would ...
- Kj-fx replied Jan 17, 2016
Thank you, dafa, for your post#18. I am studying EUR/USD only. So, I am not sure, whether this technique will work for EUR/GBP or not. But, one thing is sure. I will take trade only when the candle is closed.
- Kj-fx replied Jan 14, 2016
Thank you, Go5 for your post. I would skip the trade if the candle#1 would have opened below 13EMA and PSAR still below the candle#1 and there is not dynamic support presented. I would also avoid the setup where the candle is unusually large compare ...
- Kj-fx replied Jan 14, 2016
Thank you, FerruFx (Post#14) for your kind words. Today, we will see two examples where 34EMA has acted as a dynamic resistance in one case and combination of 34EMA and 13EMA has worked as trend confirming guide in another case. See the following ...
- Kj-fx replied Jan 13, 2016
Thank you, mpradeep (Post#11) and FerruFx (Post#12) for visiting this thread and posting over here. Today, let us discuss one of the WHYs. That is, WHY EUR/USD only ? I have been trading the stocks and their derivatives. There are more than 4000 ...
- Kj-fx replied Jan 12, 2016
Thank you for visiting this thread and posting the question. The post#6 says "candle#3 opened just above the 34EMA and also closed above 34EMA, 13EMA, and in the top 30% of candle range. This indicates that the buying pressure is still on." Here, ...
- Kj-fx replied Jan 12, 2016
UPDATE on Post # 7: The profit target was achieved at 10.00a.m. 12-Jan-2016 (NY Time) candle. Also, there was a typo in Post#7 : stop loss will at PSAR value + spread instead of PSAR value - spread.
- Kj-fx replied Jan 12, 2016
Before, I proceed to questions posed in my earlier posts, let me just show you an example of the sell trade. See the following figure: image Figure - 3 The candle#1 was formed on 11-Jan-2016 2.00p.m. (NY Time). At that time, 34EMA and 13EMA were ...
- Kj-fx replied Jan 11, 2016
In Post#5, we have seen one of the ways to enter the market by using 34EMA and 13EMA as trend confirming indicators. Now we will see how to use these two EMAs as dynamic support and enter the trade. Let me reproduce the Figure 2 again and will ...
- Kj-fx replied Jan 10, 2016
Thank you all those who asked for the information (Post#2,3,4). I am using this technique for the last one year in Stock Trading. I have been using this technique in Forex since last 3 months. But, whether I am using for 3 months or 3 years will not ...
- Kj-Fx Forex Trading Technique 1
Welcome and thank you for visiting this thread. This is the first chance that we will interact over ...
- Kj-fx replied Jan 7, 2016
Ready to learn from your experience ! Thank You !
- Kj-fx replied Jan 7, 2016
Thank you for your honest answer. I will search the net.
- Kj-fx replied Jan 7, 2016
Andrew: Very nice chart analysis. Could you tell me how to get color in the clouds ? I have MT4 and that produces the colored line in cloud but not the clouds like in your charts. Thank you for your time.
- Kj-fx replied Jan 1, 2016
Abhay : Thank you for sharing the knowledge and your time.
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