Bingo! Much better day, Got up did some callisthenics, a little math to wakeup the head, worked the LOA, did prep and then wrote game plan for each pair on chart (and by chance C had all the windows open in the flat so lots of fresh air). Worked a treat.
Screen looked like this...
EU Obs: Mark and Update trigger line to avoid missing the eventual setup. Add to guide!
BUT was this even easier to trade with no 20EMA?!
GU Obs: Got a little confused and was still looking to short rather than the SAR...
BUT would this have been easier to see had I not had the 20EMA on the chart?!
Screen looked like this...
EU Obs: Mark and Update trigger line to avoid missing the eventual setup. Add to guide!
GU Obs: Got a little confused and was still looking to short rather than the SAR...
The answer to your EMA questions is YES.
ReplyDeletePrice tells its direction and shows when it turns, as well as providing support/demand and resistance/supply. Moving averages do nothing.