200 EMA SYSTEM: - The 200 EMA SYSTEM is very simple and easy to follow. - It's very appealing with the potential to bring you hundreds of ticks a month. - Trades with the trend and effectively buys low and sells high. - Helps identify the main trend - whether the market is going up or down.
Why 200 EMA? Why not use other EMA's like 100 EMA , or 50 EMA or 20 EMA or 10 EMA? - Because 200 EMA is one very popular indicator used by lots of traders.
Here’s what you need to know about the 200 EMA: - When price is above the 200 EMA , that’s an uptrend. - When price is below the 200 EMA , that’s a downtrend
How it works: - The 200 EMA SYSTEM is a multi-timeframe strategy. - It uses the Daily chart , the 4H chart, and the 1H chart. - First, after placing the 200 EMA on your Daily chart , see if it’s an uptrend or a downtrend. - The Daily chart determines the main trend. - Next, switch to the 4H chart and see where the 200 EMA is relative to price. - Is it in the same trend as the Daily chart? - If so, switch to the 1H chart and check if the 1H chart is in the same trend as the Daily and the 4H charts. - Your trade entries are executed when the trend in the 1H chart is the same as the 4H and the Daily charts . - “Buy the dips” and “Sell the rallies” in the 1H timeframe.
Here's how to do it: Step 1: Check the Daily timeframe: Is the trend up or down? Step 2: Check the 4H timeframe: is the trend the same as in the Daily chart? Step 3: Check the 1H timeframe: is the trend the same as in the 4H and Daily chart? Step 4: Wait for price to come to the 200 EMA and trade the bounce of price on the 200 EMA line.
How to trade the bounce on the 200 EMA line: - The best way is to use price action by the use of reversal candlesticks . - Once you get confirmation with a bullish reversal candlestick (for an uptrend trade, place a buy stop order 3-5 ticks above the high of that bullish reversal candlestick . - Or once you get confirmation with a bearish reversal candlestick , place a sell stop order 3-5 ticks below the low of the reversal candlestick (if this is a downtrend and you are selling short). - Your stop loss should be placed at a minimum 10-15 ticks outside of the 200 EMA line. - Use the previous swing high or swing low on the 1H chart as your profit target.
Managing your trade when profitable: - Use the trailing stop technique: move your stop loss and behind each subsequent swing lows or high as your trade moves in your favor so that you continue to lock in your profit as price travels towards your take profit target level.
Some issues with the 200 EMA strategy: - What happens if the 1H trend is different from the 4H and the Daily timeframes? Wait until the 1H trend is the same as the 4H and the Daily and then trade the bounce off the 200 EMA . - What happens if the 4H and the 1H trend are the same and the Daily is different? Same answer as above: Every timeframe has to match and have the same trend. If one timeframe is different, you wait until all are the same trend.
บันทึกช่วยจำ
1D EMA 200 resistance. 4H Pivots P & perfected DeMark Sell Setup. 1H EMA 200, bearish divergences, Bearing Engulfing Pattern, Shooting Star, DeMark Sell Setup, ADX trend change (arrow).
บันทึกช่วยจำ
TWO ATTEMPTS TO OVERCOME EMA 200. BOTH ATTEMPTS END WITH LOWER HIGHS. THE SECOND ATTEMPT WAS OF HIGHER RELATIVE STRENGTH (RSI). WHAT DOES THIS IMPLY NOW THAT RSI(3) IS AT 50.0 RESISTANCE? HOW WILL THIS UP-WAVE END?
1D:
4H:
1H:
My hypothesis is that there will be a legitimate bullish attempt. Shorting now would be premature. I do think that bulls will be very exploitable between 1H EMA 200 and $50,000. Patience is advised. Don't underestimate the power of the hopeful and greedy. Let them exhaust themselves, and they will. Short when the time is right, not before. I am optimistic, and patient.
บันทึกช่วยจำ
บันทึกช่วยจำ
short :)
บันทึกช่วยจำ
30m Perfected TD Sequentail Sell Setup
บันทึกช่วยจำ
T0: $42,760.03 T1: $36,000 T2: $32.013.92
T0 is a rest stop for the last of the hopeful. They'll get f-- quickly. T1 is real support. That's where you want your buy orders.
บันทึกช่วยจำ
The pain comes now.
บันทึกช่วยจำ
For those nimble looking for a swing trade, this looks interesting, for a time.