Identifying trend

Discussion in 'Trading' started by farmerjohn1324, Feb 12, 2020.

  1. tomorton

    tomorton


    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.
     
    #31     Feb 13, 2020
    tommcginnis likes this.
  2. tomorton

    tomorton


    Trend-following is as simple as that.
     
    #32     Feb 13, 2020
  3. 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.
     
    #33     Feb 13, 2020
    Sekiyo likes this.
  4. tomorton

    tomorton


    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.
     
    #34     Feb 13, 2020
  5. You recommend always waiting for a pullback?

    If so, is this defined by any indicator? Or just eyeball it?
     
    #35     Feb 13, 2020
  6. 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.
     
    #36     Feb 13, 2020
  7. easymon1

    easymon1

    Last edited: Feb 13, 2020
    #37     Feb 13, 2020
  8. #38     Feb 13, 2020
  9. easymon1

    easymon1

    #39     Feb 13, 2020
  10. #40     Feb 13, 2020