Hi i’m quite new to Forex trading and have had a demo acc for just over 1 month, can anyone give me any advice on the best setting’s for EMA’s on a 1 hour trade. Any advice would be much appreciated Cheers 
There isn’t a best EMA for an H1 chart and there isn’t a best time-frame chart. Both are tools that follow your strategy, so identify the strategy first, this will tell you the most appropriate time-frame. Add one or two EMA’s or SMA’s to help your strategy - don’t make the MA’s your strategy by using something like a cross-over entry signal as a “strategy”, this will be very misleading.
The MA has to tell you something you could not see on the chart already. If you use 2 MA’s, one should be at least 2 times longer than the other to get the benefit of differential between them.
Remember that MA’s are indicators of trend and trend consistency, not break-outs, reversals etc…
So, next, what is an outline of your strategy please?
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Thanks for your feedback Tommor, like i said i’m quite new too this, but at the moment i am using candlestick analysis, support and resistance, bollinger bands, RSI and MACD…but i have read people have there own preference to using other indicators…i suppose it’s what works for you…i am just trying this at the moment and will see how it works for me Cheers
Well done jamie, and good luck.
As for indicators, start with one and one only. Only use that one if it tells you something which 1) you absolutely must know to make your strategy workable, and 2) if it tells you something you could not already see on the chart.
If results aren’t optimum, switch to one other indicator (same rules apply) rather than adding another and another and another. Ideally, your strategy should tell you which information you must have and therefore which indicator is the best to provide it. In the same way, an MA is just another indicator.
Thank’s Tommor
If you’re in the business long enough, you’ll learn that there’s no indicator of any value.
You can take my word for it, or you can learn the logic behind each of them. It’s massively flawed in every one, The guys who run price have no interest in indicators. All they want are your stops.
Learn where the masses put their entries and stops, Your entries should be at the latter.
It takes some thought, but the proper way to read the market is actually quite simple in the end 
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Thanks for that ifmyante …so everything i’ve read on the school of babypips’s seems irrelevant then…as they recommended that indicators can be used as a good guide as to where the market might go…as it’s an indicator i’m assuming it won’t be 100%…but thanks for your feedback
Afraid so. Indicators are quite random, but are programmed to repaint themselves to look great after they’ve blown everybody’s account
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So all indicators are also false…cheers
Yet more misleading advice right here…
Looks like it…everyone has to start somewhere …but maybe some people are born with there trading knowledge and don’t need to learn…silly me
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Nope. I never mislead anybody.
I actually lead people to trade horizontally, with nothing but lines and rectangles. My students can pick trades with zero drawdown, catching absolute tops and bottoms, with massive returns.
They laugh at indicators, and pity their users, but at the same time are glad they exist, as so many of them pay for their cars and houses. Sure, they mostly get paid by the supply demand losers, but isn’t that just another silly indicator?!
If you ever make it, you’ll only do so once you’ve stripped that rubbish off your charts, and watch the dance of price; once you understand the manipulation of the herd into handing over their stops as price is about to turn
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Ah, so you are a marketeer with no proof to show.
Keep it up chap.
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Lovely thanks
That’s a terrible assumption to make.
What I intend to do in this site is bring some actual good advice. I won’t advertise to anybody, as I don’t need to. I’ve simply closed down my own forum, as the whole world is now selling my work, and I have the itch to reach out and help the noobs of the trading world.
You can have a go at patronising me or even attacking me personally, but if you were to attack my understanding of the market, you’d be the very first, because nobody who’s seen my work can say a bad word about it.
You’re actually, for the first time in your life, having a discussion with someone who understands the market
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I like the 100 and 200 personally.
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Why is that?
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Wow - i’m really grateful. So please, allow me to show you, i’ll put in some context to make it easier for you to understand, ok?
This is incorrect, even simple moving averages are used by not only retail traders but also commercial traders who want to apply a bias - SMA’s are perhaps the most widely used tool in all asset classes and are very useful if you understand what their limitations are.
This is great, and yet i’ve read it so many times before. It’s become the ‘new age’ statement for all people to say who want to sound slightly smart. However, 99% of retail traders are not even participating in the underlying market - hence the general business model of retail brokers does not allow it and rather uses in house aggregation / off-setting
This is perhaps the most misleading information which you have said so far. Indicators are not random per se, they are a direct derivative of price. All indicators are not programmed to repaint either, this is a common issue and if you understand what a particular indicator is displaying and the logic behind it then it should not be a cause for concern.
Also, an indicator does not blow your account - don’t blame your tools if you happen to be a poor craftsman.
I totally understand why indicators get a bad name, I also agree that to many applied onto a chart can become analysis paralysis - which can cause more damage than good.
But, lets be realistic here - if you know how to use your tools, understand their unique limitations and where to look for confluence then they can be very valuable indeed.
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Now that’s a terrible cop out; “understand their limitations”.
You talk as if you have to gamble in the market. Very dangerous.
There is absolutely no need to gamble.
If you see an high or low being formed just below a flag limit, and a minor trend is made away from it, you will know for certain that traders will be getting their orders in in the right direction, with their stops just beyond the high/low, at the flag limit.
It’s basic manipulation of the masses through miseducation, hope, stress and panic. It happens at nearly every price turn, and is as obvious as the leaves on your palm trees.
Have you really been advocating the use of indicators for nearly 700 posts? Why would you do such a thing to innocent people who come here to try to turn their lives around?
There is a wonderful order to the market, and you’ll never see it while you’re only looking at these distractions you plaster over price. I’m not asking you to trust me on this. If I’m not kicked off the forum, I’ll show you over time.
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I’d certainly hope you’re not kicked from here, and I see no reason for that to happen. Forums are about debates, there’s nothing wrong with that.
As for understanding limitations it only enables you to leverage out the benefits. I already said in my above posts that I am not an advocate of applying many indicators over price, however even a ATR can allow you to glean data from a price chart in terms of average volatility / range.
It’s obviously down to personal choice and perception. Either way, I’m glad what you are using works for you - but try and remember that there is more than one way to skin a cat.
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