Friday, August 12, 2016

Trading Plan: Long and Short on EMA 33

Its not wise to enter with a limit order on the EMA 33 (EMA 20 on 5 min) line.
Intraday tops and bottoms, 50% pullback leves and the EMA lines provide RE-ENTRY areas, so the move already started, so enter in these areas only if the potential target has a high risk/reward factor.
The entry after a confirmed breakout provides much less confusion: trends start here, less trades and fewer stop outs compared to a limit entry at the EMA 33 line:




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