After having biases beat out of me with losses, I can finally trade the charts. I still have gut feelings on the markets but I let the charts tell me if I’m wrong. I’ve built models to use the 8 and 21 day, not exactly like Scott, but similar. I think this lecture was from a while ago but if it wasn’t, one like this was a final breakthrough for me to develop my system.
Thanks so much for your help. I hear a lot of day traders talk about when the 8 day and 21 day crosses over. Would you kindly explain what opportunities the crossover provides?
Obviously you can see the price will break the nearest SNR lines. Previous H4 is a bullish candle. Price above EMA21 (buy). BUT please follow the trend (below EMA50 sell and above EMA50 buy). This is basic. Any time frame. Good luck
So can I simply set rule on my brokerage tool to buy when 8 cross above 21 EMA and sell when it cross below 21 EMA ?? please advise and what is an ideal timeframe for the chart, 1 min, 5 min 15 mins...etc Thanks
You can use it on any time frame depends on your trading style. But yes if 8 crosses up 21 it’s an buy signal and vice versa. But I would recommend to look what price telling you, cause this can also caught wrong signals.
may i know for thoses ibanker (hedge fund department), in a short term trade / day trade situation , do they Long & short at the same time to hedge out risk ??' thx
By the 8/21 day rule, is it meant that the 8 day MA must note above the 21 day MA? If not and it is meant that the price must quote above the 8 and 21 MA, then why not just look at the 21 MA?
Actually, the EMA crossing is just a visual. The main point is that, once the 8 cross 21 come, you see is there any support or resistance right there? See video 10:45, once the 8 cross 21, there are support (blue line). The price MUST break the support as well for VALID sell. Same goes to buy.
Hi Redler, Sometime 6 months Daily charts show a sell signal however a 30-day hourly chart shows a buy signal. I went over your books but I still lack my understanding, could you please help me understand my aforementioned confusion on which to follow?
Pick one time frame and just stick to that (preferably a higher one, especially for a beginner). It's the aggregation period that matters (1 minute, 30 minute, 1 hour, 1 day, 1 week). The 1 year:1 hour chart is going to give you the exact same information as the 6 month:1 hour chart. The only difference is the one year will show you 1 year's worth of 1-hour bars, candlesticks, etc. while the 6 month only shows you 6 months' worth. The necessity for using multiple time frames is a myth and, in actuality, detrimental.
This is brilliant and quite captivating as well! Investing in forex has really been favorable to me this season, I make profit from my investment on a weekly basis best regards to Mr. Ray Perkins mentorship/guidance 🇺🇸
FREE eBook: www.t3live.com/scott-ma-youtube
After having biases beat out of me with losses, I can finally trade the charts. I still have gut feelings on the markets but I let the charts tell me if I’m wrong. I’ve built models to use the 8 and 21 day, not exactly like Scott, but similar. I think this lecture was from a while ago but if it wasn’t, one like this was a final breakthrough for me to develop my system.
Yes, this video is a remix from years ago.
i execute 3-5 trades day. proper risk management is highly advised. DO NOT BE GREEDY. THE MARKET ISN'T GOING ANYWAY
Great info and I need to thank Charting Options for pointing me to you. Why would anyone give this a thumbs down!?!?
to keep the likes at 420 ;)
Thanks so much for your help. I hear a lot of day traders talk about when the 8 day and 21 day crosses over. Would you kindly explain what opportunities the crossover provides?
Obviously you can see the price will break the nearest SNR lines. Previous H4 is a bullish candle. Price above EMA21 (buy). BUT please follow the trend (below EMA50 sell and above EMA50 buy). This is basic. Any time frame. Good luck
Its provide opportunity to buy/sell.
The crossover indicates a buy/sell opportunitiy
It's a late signal many times
incredible way of teaching-Thank yOu very much
where do you place the stop loss on the 8/21 day ema
So can I simply set rule on my brokerage tool to buy when 8 cross above 21 EMA and sell when it cross below 21 EMA ?? please advise and what is an ideal timeframe for the chart, 1 min, 5 min 15 mins...etc Thanks
You can use it on any time frame depends on your trading style. But yes if 8 crosses up 21 it’s an buy signal and vice versa. But I would recommend to look what price telling you, cause this can also caught wrong signals.
I am using this strategy sir..it's very effective
Do you still find it effective?
may i know for thoses ibanker (hedge fund department), in a short term trade / day trade situation , do they Long & short at the same time to hedge out risk ??' thx
Just came across your UA-cam account. This was a great video. I’m a semi-new trader looking to trade for a living
Excellent video! I trade in a very similar fashion!! 🕺🏾
By the 8/21 day rule, is it meant that the 8 day MA must note above the 21 day MA?
If not and it is meant that the price must quote above the 8 and 21 MA, then why not just look at the 21 MA?
Actually, the EMA crossing is just a visual. The main point is that, once the 8 cross 21 come, you see is there any support or resistance right there? See video 10:45, once the 8 cross 21, there are support (blue line). The price MUST break the support as well for VALID sell. Same goes to buy.
Hi Redler, what's the time frame do you use for 8/21?
Most of the charts (if not all) were on daily.
This video is focused on the daily
You can go below after selection on daily time it on as low s 5 min
Hi bro
What time frame do you trade on with 8&21ma?
I use those as support typically, and to indicate if something is acting well. Below the 8/21 I'm out of it. Time frame is short term.
@@t3live So if the 8EMA goes Below the 21EMA on the 1 & 5min chart is good indication to go short?
Hi Redler, Sometime 6 months Daily charts show a sell signal however a 30-day hourly chart shows a buy signal. I went over your books but I still lack my understanding, could you please help me understand my aforementioned confusion on which to follow?
Pick one time frame and just stick to that (preferably a higher one, especially for a beginner). It's the aggregation period that matters (1 minute, 30 minute, 1 hour, 1 day, 1 week). The 1 year:1 hour chart is going to give you the exact same information as the 6 month:1 hour chart. The only difference is the one year will show you 1 year's worth of 1-hour bars, candlesticks, etc. while the 6 month only shows you 6 months' worth.
The necessity for using multiple time frames is a myth and, in actuality, detrimental.
Your pdf doesn't come to the email id sent. Is it a spam to collect email ids?
Email info@t3live.com and we will help you get your ebook.
Wheter its mean to set 8 EMA and 21 EMA for more efektif tool to make profit everyday?
Timely post . QQQ
Glad you enjoyed it!
Scott looks like Scott Adkins (Yuri Boyka Actor)
Any one can tell me about screener or search toll that able to filter cryptocurrency that this amazing strategy applies to it
Wat is timeframe?
I just watch the slope of my 5 day SMA. Price location relative to it makes no difference to me.
This is brilliant and quite captivating as well! Investing in forex has really been favorable to me this season, I make profit from my investment on a weekly basis best regards to Mr. Ray Perkins mentorship/guidance 🇺🇸
Please reduce the story
gt video red dog