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PA Trading with EMAs and common Sense

  • #521
  • Apr 7, 2023 12:39am Apr 7, 2023 12:39am
SORRY it was my Error
about Bullish 2 Bar Reversal
this Bar is not ready now
it is our Today's Bar
s. Chart
atb vvm
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PA Trading with EMAs & common Sense
  • #522
  • Edited 1:45am Apr 7, 2023 12:46am | Edited 1:45am
Quoting vvm
{quote} Hi niks, happy Easter s. Chart atb vvm {image}
happy easter vvm

the entry was good, and now better because of break even so i hope it can make profit and you learn more about daily chart! easter is a good time for practice...

BTCUSD 1M (DEMO)

short off resistance targeting prior low
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and then long off support targeting ema200
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every minute matters!
  • #523
  • Apr 7, 2023 2:33am Apr 7, 2023 2:33am
Quoting niks
{quote} you are correct thehusla - entering at the point of highest probability for profit is the key - for many, that involves waiting for price to reach an area in a certain way, the areas and price action i look for however are very primitive, i prefer to focus my attention on managing risk and dealing with drawdown - the profits are just the result of that development i scanned the hedging and averaging thread and hey, each to their own! not for me, but i understand the premise behind what they are doing, no one can predict the next tick for...
EMA would be perfect, I have been thinking the same for some time. Let me know if you get it working.
  • #524
  • Edited Apr 8, 2023 12:05am Apr 7, 2023 7:15am | Edited Apr 8, 2023 12:05am
Quoting TheHusla
{quote} EMA would be perfect, I have been thinking the same for some time. Let me know if you get it working.
here it is with ema9
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ema20
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and ema50
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also thinking of adding all three - ema9, 20 and 50
every minute matters!
  • #525
  • Apr 7, 2023 7:35am Apr 7, 2023 7:35am
NSD USD D1
Just look
TP was almost achieved
no luck this time
s. Chart

atb vvm
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PA Trading with EMAs & common Sense
  • #526
  • Apr 7, 2023 7:47am Apr 7, 2023 7:47am
Quoting vvm
NSD USD D1 Just look TP was almost achieved no luck this time s. Chart atb vvm {image}
that trend line was going to be hard to break, the dip to your target was caused by major impact news which is why it reversed so quickly - maybe watch it a bit more to try and get something out of it if it is still a free trade, ema200 is providing protection on the 1H chart and you can target a smaller dip - good luck!

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every minute matters!
  • #527
  • Apr 7, 2023 7:52am Apr 7, 2023 7:52am
niks
thanks for Ur Comment
have a nice Weekend mate
Hope U have a Summer now

atb vvm
PA Trading with EMAs & common Sense
  • #528
  • Apr 7, 2023 8:39am Apr 7, 2023 8:39am
Quoting vvm
niks thanks for Ur Comment have a nice Weekend mate Hope U have a Summer now atb vvm
your welcome, actually im in australia so i have the heater on! the summer was nice but now we are getting colder... take care
every minute matters!
  • #529
  • Apr 8, 2023 1:58am Apr 8, 2023 1:58am
BTCUSD 1M (DEMO)

short after big bearish engulfment looked good for a break of ema200 and targeted accordingly
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every minute matters!
  • #530
  • Apr 8, 2023 2:10am Apr 8, 2023 2:10am
Quoting niks
BTCUSD 1M (DEMO) short after big bearish engulfment looked good for a break of ema200 and targeted accordingly {image}
nice. Im in the same trade and still holding. 27977 - 27935 looks like a good place to get off
Emotional Control. Process, not outcome.
  • #531
  • Apr 8, 2023 2:23am Apr 8, 2023 2:23am
Quoting Konichiwhaat
{quote} nice. Im in the same trade and still holding. 27977 - 27935 looks like a good place to get off
Just c;osed and switched to buy
Emotional Control. Process, not outcome.
  • #532
  • Apr 8, 2023 2:27am Apr 8, 2023 2:27am
Quoting Konichiwhaat
{quote} nice. Im in the same trade and still holding. 27977 - 27935 looks like a good place to get off
cheers! good luck with yours...

i anticipated a break of previous support via a break of ema200 but not much more after that in the short term
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every minute matters!
  • #533
  • Apr 8, 2023 2:37am Apr 8, 2023 2:37am
Quoting niks
{quote} cheers! good luck with yours... i anticipated a break of previous support via a break of ema200 but not much more after that in the short term {image}
Nice. I go for trend, lots of mini losses but some great wins. PS, i dont usually trade BTC, im just home alone tonight and thought it would be fun, so not a pro. Just adapting my day trading skills to see what happens
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Emotional Control. Process, not outcome.
  • #534
  • Apr 8, 2023 3:04am Apr 8, 2023 3:04am
Quoting Konichiwhaat
{quote} Nice. I go for trend, lots of mini losses but some great wins. PS, i dont usually trade BTC, im just home alone tonight and thought it would be fun, so not a pro. Just adapting my day trading skills to see what happens {image}
Now short again... you get the picture haha
Emotional Control. Process, not outcome.
  • #535
  • Apr 8, 2023 3:18am Apr 8, 2023 3:18am
Quoting niks
{quote} here it is with ema9 {image} ema20 {image} and ema50 {image} also thinking of adding all three - ema9, 20 and 50
This looks amazing! Well done bro!
  • #536
  • Edited 11:05pm Apr 8, 2023 4:53am | Edited 11:05pm
Quoting TheHusla
{quote} This looks amazing! Well done bro!
thank you thehusla, totally inspired by you mate, and very much looking forward to using it - i will look into adding ema into mt4 version for you if your interested?

the author was kind enough to post the source code

https://www.forexfactory.com/thread/...dles-indicator

3 configurable emas - 9, 20 and 50
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every minute matters!
  • #537
  • Apr 8, 2023 5:50am Apr 8, 2023 5:50am
Nice push. TP here
Emotional Control. Process, not outcome.
  • #538
  • Apr 8, 2023 10:46am Apr 8, 2023 10:46am
Quoting niks
thank you thehusla, totally inspired by you mate, and very much looking forward to using it - i will look into adding ema into mt4 version for you if your interested? the author was kind enough to post the source code https://www.forexfactory.com/thread/...dles-indicator
Cheers mate, managed to sort it.
  • #539
  • Apr 8, 2023 10:50am Apr 8, 2023 10:50am
Quoting vvm
{quote} s. Chart atb vvm {image}
Thanks for the chart. So with my EMA rejection strategy I try not to think too much. It's like wearing a different thinking cap for each strategy. The trades I post here are very different to my scalping trades as well. The point here is that not every week will be good for every strategy but with a few different strategies, there will always be good weeks on one strategy or the other. Just need to have different accounts for each strat. The EMA rejection is a long term strategy that takes VERY little time to trade.

So on this one I just look for EMA rejection on higher time frame with a nice strong trend and I enter. I had a pending order and was hoping for a pullback overnight from Asia but it just continued dropping right away.
  • #540
  • Edited Apr 9, 2023 5:19pm Apr 8, 2023 11:21pm | Edited Apr 9, 2023 5:19pm
Quoting Konichiwhaat
{quote} Now short again... you get the picture haha
yes i do BTC is crazy! i'd struggle to handle a live drawdown with it so i just use it for practice like you
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for this one, i opened a long and short in middle of range with targets on either end, once one target was hit, the short in this case, i then cost averaged the long and lifted the target outside the range
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every minute matters!
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