Chart Setup

[ifykris]

Hi everyone.

I am new here. I think our charts are to have 10/20 ema on the daily and 40/110 on the four chart. But, on some charts displayed on the forum page, I see three EMA. What is the period value for the third.

 

[TheForexGuy]

they are peoples own personal chart preference, you would need to ask them directly.

 

[erebus]

If that was my chart, it is the 50 EMA

I used the Alligator to put the EMA's on so just added that as well

 

[ifykris]

Thanks.

 

[erebus]

I have now switched to 100, 50 and 20 because I am only trading with the trend, so looking for 3 to 1 profits; hopefully in the trade a few days longer than some DnB trades using the 10.

My definition of trend is when both the Weekly and Daily are in the same direction using the EMA's mentioned; see these charts.

Looking for Price Action entries on pullback, of course

 

[tjenarvi]

I guess, you are looking for PA on daily chart between 20, 50 and 100 when Weekly and daily EMAs all lined up the same direction ??

 

[saroq]

I'm setting up charts on MT5 so that I view additional time frames, e.g. 6hr, 8hr and 12hr. Do I apply the 40 and 110 moving average to every time greater than the 4hr and less than the daily i.e. the 6hr, 8hr and 12hr or are there other values for these time frames?

 

[TheForexGuy]

40/100 EMAs mimic the 10/20 emas on the daily chart. Those values wont work on the timeframes in between, you will have to do your own experimenting there to try come up with a close match. It could be calculated mathematically but I don't know how to - the math would be complex.

 

[saroq]

Thanks FX Guy I'll have a more in-depth look at them.