But you’re trying to skin it with a banana!
If I’m allowed, I’ll show you the scalpel
Most people who use an indicator are misusing it. Most people who are using two indicators don’t need one of them. Most new traders believe indicators predict where price will go next.
So I pretty much despise the incorrect use and blind promotion of indicators.
Which is not to say they are not being used by successful traders to make consistent money. I can’t believe you have the monopoly on profitable trading methods.
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Over time those ones give the better entry points
And the more accurate support and resistance levels
I do not rely on EMAs, but in a trending market, I will check them as extra confirmations for a trade but I do not trade them in isolation.
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EMa’s can be very good for finding entries in trending market. For 1H chart my suggestions would the the trend Hunters as my mentor called them 17+53. Plus you can use th 100 for general trend direction, or higher if you wish. Apply them to any chart and that just look back at the chart and see how price reacted to those ema’s on that particular pair, will give you a good understaning futurer movements if price respects them
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some of those markings are questionable. youve placed a buy in a big downtrend right with the sell, thats a huge win. Stop losses are easy to figure out. thats to do with S+R levels.
If you’re using SR levels, why use emas at all?
Why not just look for reversal engulfs from SR, and trade to the next SR?
But do please explain the method. I’d like to see what you mean
I also have issues with your buy and sell entry points. Many of the entries marked are obviously counter-trend, so I suppose they would be reversal entry signals. I’m not saying that people do not trade like this, many greedy, impatient and novice traders actually do.
The classic example is when they see price below a falling short MA and long MA and they buy when price breaches the lower, shorter MA. This they count as a reversal entry buy signal, when it is actually a set-up for a trend-continuation sell signal, which follows soon after when price again collapses below the short MA.
People do actually do this, but it is the traders who are behaving wrongly, the MA’s themselves don’t make decisions. Its futile to criticise a tool which is being used wrongly by an ignorant workman. You are perpetuating this ignorance by advocating they throw out MA’s completely when you could be educating them as to correct and profitable ways to use them. Though that would not match your approach, I still can’t believe you alone have developed the single unique way to make consistent profit from trading.
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Three EMAs are good for any charts: 21, 60, 200. The main point is to track the average price for different periods. Moreover, the periods are better to take with a uniform increase. 60 is three times more than 21, 200 is three times more than 60. Thus, we can compare the average price for different periods of time.
To sum up, you’re saying there is absolutely no use of MA’s which helps in trading. You’re saying price action reading using your approach is the sole way to make a profit in trading.
I think you should post up more detail on how you do what you do, otherwise you’re simply asking the membership to take your word for it, on trust, on faith, to blindly believe what you say without evidence, to simply swallow what you are saying because it is you who are saying it. Do you seriously expect this to convince anyone?
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I do intend to teach here the basics of what I know, as I feel that people have the right to learn to actually understand the market, rather than just get destroyed by it with idiotic indicators.
I’ve long since proven myself, but I’m glad to do so here too, as this place is in dire need of someone who understands the market
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Come on then marketeer, we’re all waiting.
Show some proof, in real time, no trading in hindsight and no account screenshots. Anyone can knock up a screen shot.
Mister Sandwich, may I ask you to provide exactly the same?
Please show what your stupid indicators have done for your life, or prove yourself a troll
I already show proof - I call trades live. I have a linked myfxbook. I have my own thread here.
Now you stop trolling - because you’re making yourself look rather silly.
What are my services - where am I selling anything?
Again, you are making yourself look rather silly, for the second time.
No, it began about 9 years ago. This year I decided to share a public account and call my own trades live before the markets open, which by the way, is far more input than you have given since you’ve started posting here.
Okay, prove me a fool for the third time, and show us your equity curve from before this month.
Lest anybody asks, I never share trade records or equity curves, I rarely disclose what trades I’m in. However, I disclose in as much detail as required any strategy I’m using and the target instruments in advance, so it can be assumed if there’s a set-up that matches my strategy’s, I will take the trade. Only thing that would stop me doing this would be issues like over-exposure to a single currency, limited free margin and the like.
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