DislikedOK here is an example of what I am talking about. It's from the EU at 10:00 on Oct 24. On the 15 M the price comes down to the 10 EMA and might look like a classic two bar retrace long trade, after the bar marked with an arrow. At the same time, however, on the 5M you see that the price has come down below the 14 EMA and you are starting to get wicks from the underside, indicating resistance to a downward sloping line.
To me, this is a clear signal to go short, rather than the "knee jerk" on the 15M which might say to go long.Ignored
Question: why do you use a 14 EMA, as opposed to 5 or 10 per Choros setup?
Thanks for sharing info!
Luck occurs when preparation meets with opportunity.