Hi Pipsta,
Thanks for sharing your way of trading - very informative! Could you comment on your entry/exit strategy/ies? Do you trade strictly off daily charts or do you make use of other timeframes?
Also, if you're seeing the EMA's tightening, what in your analysis indicates that this signals a move to the upside? Price Action (especially on a weekly chart) seems to show downward pressure & the stochs on your daily chart you posted are also poised to move downwards. I gather your take is that these are just short-term signals?
BlueMeasure
Thanks for sharing your way of trading - very informative! Could you comment on your entry/exit strategy/ies? Do you trade strictly off daily charts or do you make use of other timeframes?
Also, if you're seeing the EMA's tightening, what in your analysis indicates that this signals a move to the upside? Price Action (especially on a weekly chart) seems to show downward pressure & the stochs on your daily chart you posted are also poised to move downwards. I gather your take is that these are just short-term signals?
BlueMeasure