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Tony

@Tonyss_TA

Jan 8, 2022 • 11 tweets • 4 min read • Read on X

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Here is a thread on how I use one of my favorite indicators for intraday setups, the 9EMA:⬇️

Before jumping in, you first need to know what the 9EMA represents, and how EMA'S differentiate from SMA'S.

Now that you have a general understanding of both, let me show you how I use the 9EMA effectively both ways. The highlighted line below is your 9EMA.

Breaking down this $AFRM chart, we can see at the highlighted candles on the 5m chart, that the 9EMA was unable to hold as support.

Once broken, you can see the rejection happening at the 9EMA as the chart continues in its downtrend. When we experience that rejection, it would be a good put opportunity as that is the confirmation we need.

Once we take our position, we must take what the chart presents to us. If something is continuously experiencing rejection at the 9, we can let some of our position ride. The first sign we must look for before exiting fully is a break back above the 9EMA with confirmation.

Confirmation differs depending on who you talk to, but i personally look for a close over the 9, or close and backtest of the 9 for the confirmation I need. A wick through is not confirmation as we must wait until that candle fully closes. This will help you against fake outs.

Now lets take a look at how I would play the 9EMA in an uptrend reversal. You can see here on $LCID, that after our morning flush, we confirm back over the 9 and begin riding it for quite a while.

The same concept and strategy applies before jumping in. We wait for confirmation on whichever timeframe we use, we do not prematurely jump in. This will give us a much higher probability of success. You can see below we ride the 9EMA for almost 2 hours.

Again, we could let part of our position ride as we scale out on the way up, and look to exit on the break of the 9.

Whether you use the 5m, 15m, 30m, or whatever timeframe you use, I suggest giving this strategy a try. It can be very lucrative if you get good with it. I hope this thread was informative and help you in some way!

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More from @Tonyss_TA

Tony

@Tonyss_TA

Aug 13, 2022

Something to study over the weekend: Low Volume Trend using EMA's. We have seen this quite a few times on $SPY over the course of the past few weeks / months. Extremely low volume trend days where we stair step in either direction almost the entirity of the trading day. (contd.)

You can see over the course of 5-6 hours from 10:45 - close, $SPY traded with very low volume. An entry off confirmation at the 9ema would have given an opportunity to ride the trend almost the entire day.

EMA's are best utilized during trend days, low volume or not. They offer excellent entry / re-entry opportunities with a roadmap for stop loss placement as well. Your EMA's are also there to guide you when letting a position ride and maximizing profit potential.

Read 4 tweets

Tony

@Tonyss_TA

Aug 7, 2022

The following thread will be on a Triple EMA strategy I have been testing for a few weeks and found extreme consistency with: ⬇️

So there are 2 variations to this strategy that I have been testing, a triple EMA cross in either direction, and utilizing these EMA's during extreme trend days for entries and stop placement.

Let's first discuss the triple EMA crosses I have been playing using the 9,20,30 EMA. I am sure you have played around with EMA / MA crosses depending on which you use. I have always used the 9,20 but wanted to add another that was relatively close to both.

Read 14 tweets

Tony

@Tonyss_TA

Jul 9, 2022

The following thread will be on Retest Trading Using Supply & Demand Zones, & why experienced traders use this method: ⬇️

Retest trading is a very proficient strategy when playing around zone breaks in either direction. Waiting for a retest of zone is the "confirmation" we need that either a zone is still valid, or a zone has flipped.

Let's first talk about zone breaks and why waiting for a retest, is much safer than taking a position right away. Whenever a Supply or Demand Zone is broken, it can often be difficult to gauge when we are supposed to enter in either direction.

Read 13 tweets

Tony

@Tonyss_TA

Jul 7, 2022

The following thread will be on how I draw Supply & Demand Zones using multiple timeframes: ⬇️

First things first, it is important to note that there are no restrictions when it comes to which timeframe you draw zones on. Everyone uses different timeframes, these are just the ones that personally work best for me!

We know by now that Supply & Demand Zones are areas within a chart that help us gauge entries, exits, and where "big money" is located. But how do we go about drawing these zones, and what timeframe should we use?

Read 20 tweets

Tony

@Tonyss_TA

Jul 5, 2022

The following thread will be on Trendline Trading & why I think they are the most important thing you can implement into your trading: ⬇️

Trendlines are extremely important when it comes to, you guessed it, identifying trend. They are also extremely important in gauging entries and exits, as well as spotting potential reversals happening in real time.

By definition, trendlines are lines within a chart that either connect swing highs or swing lows, showing current direction in price. These lines are extremely easy to implement while keeping your charts clean and simple.

Read 13 tweets