I'm a novice to placing trades and my understanding is coming along slowly. Even I'm not sure if I'm asking the question properly. Okay, so what you are describing sounds like scalping technique. What I don't quite understand is, when you place a buy trade are you actively watching your trade to do a physical adjustment for the movement of the market, and are you placing a sell trade before hand?
If you want to get less false signals you can aplly a slower EMA like 21 or 50. But that way you will get later confirmations with less gains but algo less false signals
@@heather_romans828_momof4 When you add the EMA (Exponential Moving Average) to a chart on Trading View, on the top left of the screen you should see “EMA 9 Close” - and a blue line appears on your chart. If you double click the line, or double click the word EMA in the top right, a settings box will appear. Click Inputs, this is where you change the value of this particular EMA to either 5 or 8. The next value down will say ‘Source’, and this will say ‘Closed’ by default. You can change this to open, high, low, and loads of other combinations that I have never used, and you will see the line change slightly. Most people, including myself, leave the source at ‘closed’, and that way, the close value of each candle is what is used to plot the EMA line on the chart. Good luck 👍🏻
when you see the bullish cross over you need entry buy for 15m support .. Also Same in sell entry in resistance when you see bearish crossover . that's the perfect entry for ema strategy plus price action
@@nightmaretran6483 ADX & Bollinger Bands are indicators that can identify ranging markets. Support & Resistance levels and Price Action also. I'd say Support and Resistance plus price actions/drawings are better. Most indicators are lagging anyways it's better to focus on market structures & support resistance levels.
@@cooltkll best ema combinaation 1 min 20 ema crssing 100 ema ,when 20 crooses 100 ema up wait the first pull back ,after pull back complete wait first green candle closes over down trendline you can enter for long position
In the 2nd part, with the bearish crossover, why would you place a trade that high and exit that low? And why place a stop loss above what you bought? Just seem like throwing money away
I think because it just provides a strategy to stick to. You enter on the first candle close on the crossover and exit on the opposite. Otherwise your entries and exits are pretty subjective but you could use other means to determine an optimal exit for max profit. There’s a lot of intuition involved in these crossover EMA strategies I’ve found from testing but I do think if perfected can be rly profitable
Bro promote price action indicator will work but not all the time it will blow your acc one day because you get rely on the use price action it works in every market up down sideways.
Terrible strategy. Way too short of time frame you could literally see the last 5-8 bars with your eyes and trade price action . Longer term EMAs can be effective because it will show sentiment change with less frequent false signals the higher you go.
