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Attachments: How to use the 9/20 EMA setup effectively
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How to use the 9/20 EMA setup effectively

  • #61
  • Jun 11, 2008 8:51am Jun 11, 2008 8:51am
Hmm could it be a correction first ? Heres 2 point as indicated by the 2 arrows that I would attempt to go long should the 9/20 ema turn into my favor of going long. Still following the main trend.

First arrow is yesterday day low and the other is the 107 area. Any inputs guys ?

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  • #62
  • Jun 11, 2008 11:40am Jun 11, 2008 11:40am
Will this work out ? My feeling is I have to wait for the beige book results.

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  • #63
  • Jun 11, 2008 5:47pm Jun 11, 2008 5:47pm
i was stopped out at +3 after that...this trade could yield 15 pips at most
Bad timing

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  • #64
  • Jun 11, 2008 5:48pm Jun 11, 2008 5:48pm
Standing around the sensitive area of 107, lets see what the tokyo session brings.
  • #65
  • Jun 11, 2008 7:25pm Jun 11, 2008 7:25pm
Just some observations, we have a down trend channel which later broke down again, eventually it moved backed into the channel, the latter happened within yesterday's range. Thus a break of the channel which incidentally is also a triangle formation could signal a bullish entry. A decisive break below 106.50 should render a change in directional bias. And of course hopefully the 9/20 ema can help me get an ideal entry. Personally, I am bullish, but my opinions changes very fast according to what the market tells me.

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  • #66
  • Jun 11, 2008 7:56pm Jun 11, 2008 7:56pm
Channel broken, 9/20 ema turn bullish. Still watching....

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zoom in
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  • #67
  • Jun 11, 2008 8:38pm Jun 11, 2008 8:38pm
Got it...stop placed at +5

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  • #68
  • Jun 11, 2008 9:09pm Jun 11, 2008 9:09pm
Position closed at +40 pips. The 9/20 ema helped me get in earlier, let see if it can show a area to enter again.
  • #69
  • Jun 11, 2008 9:10pm Jun 11, 2008 9:10pm
Quoting aiyahmarklah
Position closed at +40 pips. The 9/20 ema helped me get in earlier, let see if it can show a area to enter again.
Were you long? Trying to re-enter long?
Expected the unexpected
  • #70
  • Jun 11, 2008 9:16pm Jun 11, 2008 9:16pm
Quoting scyang
Were you long? Trying to re-enter long?
Yes i was long. Re enter ? yes...but maybe for quick profits. The next real move should be when London opens. Of coz i can be wrong.

  • #71
  • Jun 19, 2008 8:22am Jun 19, 2008 8:22am
mARK,

Just wanted to say thanks for introducing us to this method. It's working out rather nicely - another weapon in my arsenal. It really does help one trade in the direction of the trend.
  • #72
  • Jul 26, 2008 10:27am Jul 26, 2008 10:27am
Hi all

Thanks for this thread. I would like to try this method. Is our originator still here?

trademeister
  • #73
  • Jul 27, 2008 4:56am Jul 27, 2008 4:56am
Quoting trademeister
Hi all

Thanks for this thread. I would like to try this method. Is our originator still here?

trademeister
Hi trademeister,

I am the thread starter but NOT the originator of the setup. It is a very effective on a 5 min chart and I use them under different scenarios. All are described under different post in this thread.

Do drop me a post if you have any questions, I will answer them to the best of my knowledge.

Regards
  • #74
  • Nov 7, 2008 9:58am Nov 7, 2008 9:58am
MT,

You know, this really is a simple, effective method of trading, and it's almost trading naked. It's a nice addition to anyone's trading arsenal. Thanks for starting this thread - I'm surprised that more traders haven't made comments with regards to the 9/20 method.
  • #75
  • Nov 7, 2008 11:08am Nov 7, 2008 11:08am
Quoting Rialto
MT,

You know, this really is a simple, effective method of trading, and it's almost trading naked. It's a nice addition to anyone's trading arsenal. Thanks for starting this thread - I'm surprised that more traders haven't made comments with regards to the 9/20 method.
The cross over of "fast' (prd=9) data with 'slow' (prd=21) can always tell a change in an existing trend.
"BunnyGirl" is an example
den
  • #76
  • Nov 12, 2009 12:01am Nov 12, 2009 12:01am
Hey Mark,

Are you still using this system ? I`m using something very similar and I wanted to know if you're still improving this system .
  • #77
  • Dec 21, 2009 11:56pm Dec 21, 2009 11:56pm
Hi MT,

I am new to the forum thus can't send any mail. I gone through your profile
and understand that you are located in Singapore. I am wondering
if you provide any forex training.

Hope to hear from you soon.

Thanks


Quoting aiyahmarklah
The 9/20 EMA setup has been a popular setup for a long time and it still works. However like all setups, they have their hits and misses. I have used them for a long time with good success.

The setup originated from Mike Bruns as mentioned by a forumer, and credit goes to him for such a powerful setup.

Here I shall attempt to list out all possible considerations in order to minimize the drawbacks. Under individual posts, I will list out the considerations as orderly as possible.

Coupled with very recent chart examples, I hope to create a...
  • #78
  • Dec 22, 2009 4:45am Dec 22, 2009 4:45am
Quoting julz
Hey Mark,

Are you still using this system ? I`m using something very similar and I wanted to know if you're still improving this system .
Hi,

firstly, my apologies for my late reply.

I still use this "system". Basically, the examples I outlined previously are meant to bring to attention the bigger picture. As for the trading itself, my methods are very similar to "The System 2" by feb. I strongly suggest you take a look at the technique outlined there. Where I differ from them is that I prefer to use technical readings (in this case a couple of MAs) to aid my entry.

I have tremendous respect for feb and his followers, however its just me, I feel that using MAs can improve my hit rates or avoid fake outs. I say this not to discredit them, as they operate on a different game plan.

regards
  • #79
  • Dec 22, 2009 4:52am Dec 22, 2009 4:52am
Quoting forex_bull
Hi MT,

I am new to the forum thus can't send any mail. I gone through your profile
and understand that you are located in Singapore. I am wondering
if you provide any forex training.

Hope to hear from you soon.

Thanks
Hi,

I don't provide forex training, and since you are in sg, I want to tell you that I do not endorse any forex training providers in sg either, except for one. Can't say it here since I may get banned for spamming.

regards
  • #80
  • Dec 22, 2009 9:04am Dec 22, 2009 9:04am
Hi,

Thanks a lot for your prompt reply.

I really sincerely like learn to more and hope you can help.
Any chance for you to sent me a private message or mail?

Thanks a lot and Merry Christmas
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