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#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 ?
#Chapter2 : Trend Trading .
Traders first priority is to take a trade basis the trend. Trend in simple terms means, following the direction of the Market.
Which also means, being with the forces who create the direction, who drive the prices, who move the market, SmartMoney.
Traders first priority is to take a trade basis the trend. Trend in simple terms means, following the direction of the Market.
Which also means, being with the forces who create the direction, who drive the prices, who move the market, SmartMoney.
What is Smart Money ?
Traders Small or Big who buy or sell in large quantities and have the money power to play with prices by buying or selling at important price points.
They decide if the Price is Undervalued for a Buying Opportunity or Over Valued for Selling Opportunity.
Traders Small or Big who buy or sell in large quantities and have the money power to play with prices by buying or selling at important price points.
They decide if the Price is Undervalued for a Buying Opportunity or Over Valued for Selling Opportunity.
As the Buying or Selling happens in Bulk, their Profitability depends on How far they can push the price, so that they can cover whole of their orders with out loosing much.
They have the power to hold positions and keep rolling it over for Years or Decades if they decide to do.
They have the power to hold positions and keep rolling it over for Years or Decades if they decide to do.
