Part 1a: 9/20 EMA Strategy Explained | Forex
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My first video attempting to explain the 9/20 EMA Strategy.
Comments
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Good video, I use a similar strategy on the Forex with a 4 hr. candles with 34 and 50 ema. P.S. could you use ligther color moving average on my screen I could barely see them. :)
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Are you still using this strategy?
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I'd look for Hidden Divergences once the candlesticks start closing within the 9/20 ema zone. Hidden Divergences are good because you can get in earlier than waiting for a candlestick to actually turn and go back up beyond the 9 ema. Also...a Hidden Divergence is in fact a continuation signal. And if it's a continuation signal, it's likely to go up to at least the last candlestick high. Try adding another indicator to confirm an oversold position in conjunction with a bullish Hidden Divergence. I use RSI set low. You could also have the 1 min chart open at the same time..it'll tell you what's about to happen and if it's in keeping with the move you're about to make. For instance...you may be about to go long on 5 min chart...but the 1 min chart is over bought...yikes ! Also I'd add something that lets you know once you're in an oversold /overbought position on the 5 min chart like stochastics. Thanks for sharing by the way. Great video.
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good video keep it up seems very solid