Hi Sharks
I do research after New York close then try to avoid charts till London open. This is also to keep the other half happy. I do check the 4 hour charts at 12pm. On the 5 minute charts, the cross on the ema’s should never be a signal, just an alert to look for the correct price action signals. I want to see the HH’s and HL’s and see a bullish candle before placing a trade. I want to see a trend develop first on the 5m before I will take a position. That’s where most traders get it wrong I feel, they want to be spoon fed a signal because learning price action movements is too time consuming for them. Basically they are not prepared to put in 2 -3 years of hard work where they need to spend 3-4 hours every trading night looking at charts. As for which ema to use, that may take some time. I don’t really feel which ema we use is really that important if we that the candles correctly.
I write during the day on my iPhone so my posts can be rushed
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- Forex Trading 2018- TA/FA- Setups and discussion
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