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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 ?
