DislikedHi Ken,
When do you figure out that 21ema holds (working or closed candle)? And when do you add to your position?
thanks tdeuIgnored
I you know your in a downtrend being on the bottom side of the MA's So a low risk trade is when the price aproaches , Because remember with your lower time ma's they move around a lot.
But remember this is all the basic Price action your not closing above the previous high If you look at the 21 you will see the wick came almost right to the open of the red candle That is a sign also. Just wait for it to stall and start it's downward move and get in with a tight stop.
I as I showed you would add to your position at the 21 if you were still short from the 50 ema.hardlly any draw down you coverd at 30 pips . The bottom of the second red candle. Those you could addd that back at the 21 ema..
Hope That Helps
Good Trading To All ; Ken Lee