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#EMATrading
UpTrend = 3 Cross Over 7 EMA - 1 Hour > 4 Hour > 1 Day > 1 Week > 1 M
DownTrend = 3 Cross Down 7 EMA - 1 H < 4 H < 1 Day < 1 Week < 1 M
1 Hour and 4 Hour to be used for Intraday
1 Day and Above for Positional.
Targets = the EMA at Next Time Frame
No Cross No Trade
UpTrend = 3 Cross Over 7 EMA - 1 Hour > 4 Hour > 1 Day > 1 Week > 1 M
DownTrend = 3 Cross Down 7 EMA - 1 H < 4 H < 1 Day < 1 Week < 1 M
1 Hour and 4 Hour to be used for Intraday
1 Day and Above for Positional.
Targets = the EMA at Next Time Frame
No Cross No Trade
When does the Trend Change: Post an Uptrend - the first cross down of 3 EMA Over 7 EMA is First Signal of Trend is Bending
Plz remember if the cross down has not happened, but closes below 3 EMA and Above 7 EMA then the Price will keep going up and come down - Sign of weakness
Plz remember if the cross down has not happened, but closes below 3 EMA and Above 7 EMA then the Price will keep going up and come down - Sign of weakness
When Price stops Trending Upwards and finds resistance: The Price will try to break some High, but will get rejected, it will try again and again gets rejected. But in the mean time, the 3EMA Support from Bottom Keeps inching Up and comes to a point where it turns into resistance
#TrendIdentification: While i have written a whole chapter on @Traders82 handle on How to identify trend using #EMATradingStrategies. Re writing the same with couple of charts for easier understanding. For detailed read, please visit @traders82. There are 4 Chapters. Please RT.
#EMATrading: Use 3, 7 and 9 - EMA - Setting Close on any Chart.
Uptrend: 3 Crossing Over 7 Day EMA.
DownTrend 3 Crossing Down 7 Day EMA.
Uptrend: 3 Crossing Over 7 Day EMA.
DownTrend 3 Crossing Down 7 Day EMA.
Basis the above chart - We are in a DownTrend on a daily time frame. So the question which comes up in Mind is where is the Support or What should one do.
What Should One Do: Sell when 3, 7 or 9 EMA Pullback and SL is Close above 3 Day EMA.
Where will it go, if One Shorts ?
What Should One Do: Sell when 3, 7 or 9 EMA Pullback and SL is Close above 3 Day EMA.
Where will it go, if One Shorts ?
