DislikedHello all, I will say from many years of experience that the 9/20ema method is one to take in as an investment trading system rather than use it to grab a few pips here and there. What I mean by that is to use the higher time frames, daily in my view, as the lower time frames have never gave me a consistent profit. If it works for you keep on going nut I will explain one good advantage by using the daily. When price is very near a support, bull trend, take note how price pulls back into the 20/9 area. This is where to open a trade but we must mark...Ignored
- #143
- Mar 6, 2021 6:37pm Mar 6, 2021 6:37pm
- Joined Jul 2011 | Status: Gold Again | 10,565 Posts
Hello all, Also from my personal point-of-view and experience the daily CLOSE is the most important line on any charts......Everyone is entitled to their own opinion.
Is it every daily CLOSE or just cherry-picked chart example closes?
Can you tell the difference in real-time which CLOSE really matters?
Does it tell you long or short? Because seems to me that is what is mainly inferred by the suggestion that it is so IMPORTANT.
Here is a chart, how about these CLOSE days? What do they tell you?
Are they important to trend traders or reversal traders?
I'm just really curious on this subject as you can tell.
It takes a lot for me to IGNORE you, but you can try.
- #146
- Mar 6, 2021 8:59pm Mar 6, 2021 8:59pm
- Joined Jul 2011 | Status: Gold Again | 10,565 Posts
{quote} Thank you mate for your kind request and I do hope to be able to provide you with good answer. You have given 4 numbers- from no 1, and all others, mark the previous days close- look what price done at the line of the previous close. First it opened below the PDC, previous Days Close, then it climbed back up into the real body range of the PDC and fell to give us reason for entry at the PDC line. No 2 done exactly the same. Use the PDC as an entry line as it clearly shows past rejections of that area. PDC line was great for entry there....
I guess I just don't get it, we all see price action differently 
Regards to the EURUSD chart you posted, the Wednesday close was important to me in the respect that it was below the Weekly Open
And about to break the previous week's low also, important because that was a Pin Bar Week
It takes a lot for me to IGNORE you, but you can try.
{quote} Clear as mud, thanks for trying,
- #148
- Mar 6, 2021 9:19pm Mar 6, 2021 9:19pm
- Joined Jul 2011 | Status: Gold Again | 10,565 Posts
{quote} Try to use the two ema's with the close price and that should give you reason and direction. The ema's are strong for sup and res also
It takes a lot for me to IGNORE you, but you can try.
{quote} Here's a good idea for direction, for the week that is, when it's below the weekly open, sell {image}
eterhenderson-2) this will explain it more clear as I can post charts direct.Use Skype and copy exactly what is in the brackets so I can add you
- #159
- Oct 15, 2022 4:00am Oct 15, 2022 4:00am
- Joined Jul 2011 | Status: Gold Again | 10,565 Posts
It takes a lot for me to IGNORE you, but you can try.
- #160
- Oct 15, 2022 4:30am Oct 15, 2022 4:30am
- Joined Jul 2011 | Status: Gold Again | 10,565 Posts
To continue, I found two FREE indicators on Tradingview. Tip for any coders on there; code this for MQL4 or MQL5 and make enough to retire on. A simple close above 9-EMA indicator for MT5 is worth $99, unbelievable, blatant rip off prices which I'm not paying, rant over.
Back to the chart, it would be awesome to catch the Sell signal at "A" or the Buy signal at "B", but you must navigate smartly during the consolidation at "C"
This first indicator paints the candles the color of your choice, showing blue and yellow here, and filters with 21-EMA.
Back to the chart, it would be awesome to catch the Sell signal at "A" or the Buy signal at "B", but you must navigate smartly during the consolidation at "C"
This first indicator paints the candles the color of your choice, showing blue and yellow here, and filters with 21-EMA.
It takes a lot for me to IGNORE you, but you can try.