TEB 5ema & 12ema and 21 RSI (MTF)

isn't this the same as the other mtf rsi system teb63 posted?

EMA5, EMA12, RSI21
the great mix indicator to follow trend
thank bro for this strategy

Market is turning or something- with my main system I could not find anything so I was trying to find some trades with this one

Welcome back TEB, after ages

This is a great starter system . This worked very very good - not normally quite this good every day.
shut down at days end,

Hi Teb, thanks for sharing your strategy!


I have followed your strategy for quite a while know, and I do have a question though,

so,

1. for example, for long trades,

Higher TF : we should have RSI above 55,
and try to find entry from lower TF (EMA 5 cross above EMA 12 and RSI above 55) right?

but, when RSI cross above 55 on higher TF, RSI and EMA on lower TF are usually already far away from entry point. so, does that mean we can only enter from a retracement? and is it better if we only enter only from the first retracement?

2. lets say we have a retracement, i have this problem a multiple times, when about to go long, the price is usually already at the resistance level, and when about to go short, the price is usually already at the support level. do you have a same problem? or what do you think about this?


Thank you so much, your answer will mean a lot to me

One year's gone.Anybody still trading this system?

Anybody still trading this system?

Moving Averages can still be used at all times


This example uses multi-period EMA and MTF

Yes, they can, but is it for market condition or trade signal?

Details matter.

Basic rules of Moving Average :
Buy if the smallest MA is above and the largest MA is below, Sell the opposite

A larger TF is a major trend, a small TF is a mini trend

Other parameters are adjusted to each trading style

Below is just an example of following a major trend and its mistakes

And all of that is still speculation and relying solely on luck