How to use this effective technical indicator to exit profitable trades (9 EMA)
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- Опубликовано: 13 окт 2020
- Learn how to use this effective technical indicator, the 9 minute exponential moving average, to exit profitable trades. Learn more strategies here smbu.com/mike
#9ema #movingaverage #tradingindicator
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Learn 3 trading setups we use on the desk bit.ly/2XnZSyS
Nice click and bait. Very sleazy of your firm.
Really enjoy seeing how the traders fight for the best price, and how they scale out of these positions. I’m learning so much ❤️. lol.
I love this video because you go through the whole "Playbook" trade format whilst focusing on one important lesson to improve upon. Really valuable...thanks to Mike for his wisdom and Matt for always being so willing to accept the advice and put himself out there on these videos
Great interaction between you guys and always cool to see Mike mentoring these young traders. Sharp kid!
Love it, the 9 is a speedy way to get out of things.
Break of structure and a trailing stop is nice also.
Keep up the good work new trader!!
The 9EMA worked extremely well for this trade. I will definitely pay more attention to it now. Wouldn’t mind seeing more examples of this and a playbook strategy using it. Thanks as always.
I really enjoyed how this trade was broken down and the constructive feedback that was given to improve on maximizing profits for trades like this in the future.
Yes it's my dude KILLER. Doing what he does best. Love watching his work. This guy really inspires me, Mike. Good addition to the SMB Crew.
I Learn a lot from SMB Videos,Thanks a lot Mike,steven and other SMB Traders.
Good narrative by the trader, both on the trading plan and the tape-reading.
Amazing patience, professionalism and execution, always learning a ton. SMB is the best.
200
Great to see the 9ema traded on the short side. I use this for my long breakout scalps and momentum plays with a combination of rsi to determine strength and longevity. Some of these indicators really can help a trader with their personal strengths if used correctly. It certainly takes alot of time and experimentation though to figure out what works. Once again I feel like SMB made this video for me lol! Please don't ever stop doing what you're doing guys
Would you mind elaborating on your strategy here
The beautiful 9 EMA now I'm really falling in love with it!
Great Video Gentleman Thank You!
To Razzy 3999: The SL and PT are also important.
Thank you, brilliantly traded and the video walk through is a great help much appreciated
Today I finally understood what inflection point really means. Though I would constantly hear this phrase in your videos, I would never fully understand it but today that lightbulb finally lit up for me so I appreciate the great information as always.
To Luiz 9eb: What time, please?
Instructive video - thanks
Hey thanks for these videos you guys keep putting out. I am learning loads of tips even though I primarily trade forex at the moment.
🧡💛💚💙 I used to find it very hard to go with moves (being a natural fader), so having the 9-ema and 21-ema were big helps... giving you a free "level" to lean on, when there's strength. Great stuff Mikey 🧡💛💚💙
I'm the same, trying to break a habit I have. I have issues with bias. If a market trending in one direction for most of the day and then changes . I will lose money still betting in the direction of the old trend.
So now I use a moving average cross. I never trade against it.
And it doesnt give me the earliest signals ,but at least 1/4 of the way through the new trend it will cross and I will get out of the way.
Its worked so much better
I use the 9,13 and 21
What is that color coded level two he was using from?
I love the 9
Holding the 9 means all is fine
Interesting strategy
I see your charts are on TOS, but which platform are you using for Level2?
Thank you
So was this an option trade? when day trading options how far away your expiration date?
Taking profits when price extends away from the 9 ema or 10 or 20. Thanks for that.
You bet
@@smbcapital: It's a bet.
great vid
mike your my master i wish one day i meet you , work with you
Very informative video I really wondering why you don't hear you talk about Fibonacci for time and price exits . Looking at the chart posted I had 23 bars from high to high and that came out to 51.42 bars the 2.236 for time to take profits
And the high and low of the the big opening bar came out to around 59.90 to 59.72
I wounder if you use that at all
Hope to hear your comments on this
Thanks
Love your videos!!
Need to get on that Live QandA video guys!!
Thanks
Very usefull video!!! Whats the difference betwwen 2 strategies: vwap and 9 EMA?
VWAP or the 9 EMA by them selves are not strategies but indicators. Lagging indicators in this case. Exponential Moving Averages are typically viewed as momentum indicators. VWAP is an average price that takes or "weighs in" the the volume.
You can build strategies around these indicators but they themselves are not strategies to trade the market.
Make sense?
Personally I use my EMA indicators to gauge momentum and help me pin point reversals.
For VWAP I generally will not get long a stock under VWAP and will not short a stock above VWAP as that is usually nothing but fighting the trend.
Not always though. There are exceptions to this. Hence we are discretionary traders.
Is there anyway you guys could zoom in when you comment on a certain point of the trade a lot of us look at this on a cell phone and can't really see too good of where you're talking about
Basically zoom in on your entries and exits and when you're talking about the tape if it's relevant to the trade to zoom in on it a little bit would be cool
Loved the way you used #9ema in the title and tags etc. It really attracts us, traders, to here. :D This video was so much more, though.
Bella actually said, any indicator. I agree, Adam Grimes, for example, uses the Keltner with a similar purpose. Thanks for sharing guys.
Question: Specifically for this trade, would you consider adding risk in the pullbacks to the 9ema or do you think the risk/reward was not great?
I can see for charting you're using TOS, I was wondering what other platforms you're using and what advantages they give you. It looks like maybe putting Bollinger Bands on your 9EMA might be good to tell you how far away you are from there to do scale outs.
Giving out those big secrets 😆
To Codystephen 3607: Hoping his broker and Silicon Valley will give out big stipends.
What timeframe to use 9 EMA
0.86, 0.81, 0.76 key!
Can you please suggest me a book to learn tape reading ?
I will be obliged.
Irfan
In my opinion, watching traders read the tape in real time in videos (that you can slow down if needed) is somewhat easier for learning tape reading than a book for this subject specifically. If you like SMB, then I suggest starting with their tape reading playlist: ruclips.net/p/PLo5LM9g7UwibT8liQRDdO8bh8bA3hH2su Books on this subject may be more helpful after getting a good visual framework for what's going on in level 2 data.
Great course for tape reading on Udemy, 14 hours of pure actions with explanation
@@From_Germany7 thank you very much.
just got to watch the tape bro! train your eyes
@@From_Germany7: Tape and L2 is for super scalping.
9ema better than 9sma?
EMA will react to movements a little sooner than SMA. EMA places more emphasis on the more recent bars, whereas SMA treats them all the same, just divides by the period number to give you a result.
Try putting a 9SMA and 9EMA on a chart and look back at how much later the SMA would have got you into your trade. Also, try looking at longer period MA’s too, like a 50EMA and 50SMA to see bigger differences in their response times.
AND… if you fancy it, have a look at the WMA (Weighted Moving Average) too, that’s even quicker than the EMA!
Why does Mike keep calling it the "9 minute EMA"? Isn't it a 9 *day* EMA?
9 period ema would be a better name.
It doesn't matter what time frame you're on, it's taking the last 9 bars
@@jaymoneytrader Ah thanks!!! I was so confused by this idea. I'd been using the 9EMA with my longer trades.
@@jaymoneytrader Great explanation, it makes sense, thank you 👍🏻
@@jaymoneytrader: Are you a swing or day trader?
can someone dumb it down for me? would really appreciate it, thanks!
I think that volume was more valuable than 9 ema