"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
The Big Dog Trading Secret 272 replies
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DislikedHere is a chart that gives an explanation on how the EMA's can assist your trades. I don't trade against them.
There will be many trades that will go through corrections and go against the trends. The majority of the successful trades are those that go with the trend.Ignored
DislikedWhoa...I added my EMA's to the charts and YES you are right...it is clear direction NOT to enter into the GBP/USD long trade. Oh well...I lost...I'll call that tuition money. I learned today. I did notice that the USD/JPY was not offering a clear indication of an up or down movement prior to the trade(see attached image)
FYI...I did add my EMA to my chart program and it shows only one EMA line...I noticed on CTGUY's attachment that he has numerous red lines expanding and contracting at various points. I am wondering which indicator gives those results.
tomorrow is another day and I look forward to trading....for now...I lick my wounds caused by my lack of knowledge.
Good Luck to everyone.Ignored
DislikedAnyone that traded this as a long would be trading against the written rules unfortunately. The system was an obvious pending short.Ignored
DislikedDznmrd,
could you share 2 more indics which are seen on your post #387?
the first one is a market session time (right top corner)
the second one looks like a group of red boxes with arrows, numbers and %.
looking for them for a long time. will greatly appreciate.
thanksIgnored
DislikedCTGUY,
I am may not fully understand the system and thus I was reaching out to find out what I did wrong, if anything. I guess at this point I am not sure about the stop loss location.
Also, what do you mean by 1 hour and 4 hour? I understand what it is, ofcourse, but didn't read about it in the intial post in this thread...so I didn't know it was instrumental in this particular theory.
Thank you for your reply.Ignored
DislikedHere is a chart that gives an explanation on how the EMA's can assist your trades. I don't trade against them.
There will be many trades that will go through corrections and go against the trends. The majority of the successful trades are those that go with the trend.Ignored
DislikedDZNMRD,
thanks a lot for these indics... sure they can be useful.
but I actually was talking about others, which are seen on your picture.
ah... here it is...!
thank you in advance, Sir.Ignored
DislikedDZNMRD,
thanks a lot for these indics... sure they can be useful.
but I actually was talking about others, which are seen on your picture.
ah... here it is...!
thank you in advance, Sir.Ignored
DislikedHi George,
Thanks for the wonderful explanation. EMA's bunching up and opening up is the easiest way i've come across to identify the immediate trend. How do you use the yellow EMAs? Thanks for ur helpIgnored