Disliked:-) How you know if is there a continuation pattern or a tracing ?Ignored
That is for example 50 ema is above the 100 ema and the 100 ema is above the 200 ema and price is above the 50 ema then long trades will be considered.
Opposite for short trades.
In this way I will be kept out of ranging markets.
If you look at the Stochastic Indicator it can stay above the 50 level for quite some time... in which instance prices are going up... and the Stochastic Indicator can stay below the 50 level for quite some time.. in this case prices are going down...