lmgp00, great trade.
I have a slightly different setup using the info here.
Using the 50ema setup as a start, I add a 5 sma and bband.
I waited for 5sma to cross 50ema, candle close above 50 ema.
I use the bband and supertrend for trend confirmation. Since price
was above daily pivot, it was a good opportunity for a buy.
Time frame is 15min for earlier entry.
I still use the 1hr 50ema for higher tf trend confirmation.
I have a slightly different setup using the info here.
Using the 50ema setup as a start, I add a 5 sma and bband.
I waited for 5sma to cross 50ema, candle close above 50 ema.
I use the bband and supertrend for trend confirmation. Since price
was above daily pivot, it was a good opportunity for a buy.
Time frame is 15min for earlier entry.
I still use the 1hr 50ema for higher tf trend confirmation.