I think I previously posted as a reply that angle of slope of an EMA is irrelevant, it does not indicate anything as its a function of chart scaling. Direction of slope is an indicator of trend direction.
I've been looking at a more complicated strategy that I found on YouTube involving using three different ema's and looking for chart patterns for entry and exit points. I think I might just forget the YouTube video and keep it simple.
At least start simple - 1 EMA, trend, pull-back. Some people say even one EMA is too much on the chart. Right or wrong about this, their principle is correct - everything you use needs to pay for its place on the screen.
You recommend always waiting for a pullback? If so, is this defined by any indicator? Or just eyeball it?
Here's a trade I lost. I got closed out on a "pin bar." I entered at the blue. I'm wondering if there's a way to avoid getting closed out on pin bars, because I've heard they are actually a sign in the opposite direction. If I hadn't gotten closed on the pin bar, I bet I would have won the trade.
to '5 pin bar trading strats' https://www.elitetrader.com/et/thre...st-right-here-baby.335635/page-8#post-4990168
how's that vacation? where can we see more pics? Pin Bar https://elitetrader.com/et/threads/...st-right-here-baby.335635/page-8#post-4990168
I understand that you're showing how to open trades around a pin bar. But my issue is that they closed me out of a trade I was already in. I wish it wouldn't have.