Forex Trading 2018- TA/FA- Setups and discussion, page-2982

Hi Rick,

Thankyou for sharing your knowledge and expertise so freely, I appreciate it very much as I am new to forex and it provided just the tools that I have been looking for.

There appears to be some confusion however with the following statement. I hope you don’t mind helping to resolve it:

“My entry was a big move into the sell zone which is when the H4 crosses the 63 EMA ( This is Weekly 10EMA )
The Red Line is around the start of the Zone, it is the bottom of a highest reaching Weekly candle wick.”

When I put the 10EMA into a weekly chart it passes just below the bar for the week ending 27/4 rather than cutting it at 151.92 as the 63EMA does on your 4HR chart. I have since found that the 10EMA on the daily chart however does cut the bar for 27/4 at the same 151.92. Am I correct in assuming that where you have typed “week” should actually be “daily” and it should read as follows ?

“My entry was a big move into the sell zone which is when the H4 crosses the 63 EMA (This is Daily 10EMA )
The Red Line is around the start of the Zone, it is the bottom of a highest reaching Daily candle wick.”

I am assuming that the red line is where you would suggest the usual entry point is and that it is at the very bottom of the wick for the bar dated 27/4 on the daily chart.

The 63EMA was also cut similarly by the 4HR chart on the 19/4 and I am wondering how you differentiated between the two cuts. Could you please explain why you did not see the cut on the 19/4 as the beginning of the down trend ? Thanks in advance.