Thanks Jarroo, Yes, it all seems to boil down to waiting.
I shall learn this virtue ASAP.
In the meantime, I have a question about the 365 & 150 EMA.
The left chart is mine and shows the EUR/USD from Daily from Dec 30th 2006 and you can see that my 150 EMA is set to exponential close.
Now, the right chart is James 16 but we can see that the PA is bouncing off of the 150 EMA. Is there a reason that my EMA and James16's EMA are not the same? I thought these EMA are to be set at exponential and on the close, but obviously this is not the case in this chart.
This looks to be the 125 EMA on close. Have I missed something here or does James also use the 125 EMA?
I shall learn this virtue ASAP.
In the meantime, I have a question about the 365 & 150 EMA.
The left chart is mine and shows the EUR/USD from Daily from Dec 30th 2006 and you can see that my 150 EMA is set to exponential close.
Now, the right chart is James 16 but we can see that the PA is bouncing off of the 150 EMA. Is there a reason that my EMA and James16's EMA are not the same? I thought these EMA are to be set at exponential and on the close, but obviously this is not the case in this chart.
This looks to be the 125 EMA on close. Have I missed something here or does James also use the 125 EMA?