Video 04: My Setup

Discipline

• My job is take money from your pocket, and from everyone's pocket. So do you.

• So you should be very focused.

• Should take it very serious.

EMA 20, 50, 220

• 5 min 20 bar EMA

• 15min 20 bar EMA

• 60min 20 bar EMA

Regular vs Extended trading hours (affect your Moving Average lines)

• Extended trading hours charts and Regular trading hours charts are different.

Low time frame charts

• because there are overlapping 5 minutes bars, so 50 and 220 is more accurate.

Hight time frame charts

• For high time frame, SMA 50, 100, 150, 200.

• A lot stock market traders using them.

• But forex trader pay less attention to those lines.