PA Trading with EMAs and common Sense

Quoting sonicvista12

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This is what I am trying to improve on - I can do the reversal/countertrend trades back to the 200 EMA, no problem... and I can do the trend continuation leading off of the 200 EMA no problem... what I am trying to do is hold the trades for a continuation through the 200 EMA, if price action might support a measured move up, for example, in the chart here. The issue for me is trusting in the move and the evidence the candles are telling me... All part of the growing and improving process, which we will never perfect, so that's the fun of it, isn't...

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Quoting niks

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{quote} typically, once a trend has exhausted, price will return to ema200 and enter a range for a variable period of time, the measured move you are looking for occurs when it breaks out of that range starting a new trend in the direction of the breakout... that is also the time to manage risk and scale out for losses if you are on the wrong side of a countertrend trade... the way i do it is by trading the range around ema200, and once it breaks out after closing my last range trade, i look for trend continuation entries on pullbacks to ema's......

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Quoting niks

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it makes sense, i understand what you mean, and you are correct, it's the faster ema's that are more important to detect it... {image} in your example and the current one i have posted, the trend will start and the faster ema's will form parallel lines just before the break through ema200 - as each faster ema breaks ema200, if the trend is still strong with little sign of pullback once ema50 crosses ema200, then the trend is likely to continue and be strong... {image} {image} i do not do well with these trades, every time i think the trend is on,...

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Quoting niks

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M1 EURUSD {image} {image} my pleasure sonicvista, i think ema50 has it's place, especially when following a strong trend... i am most definitely more comfortable with countertrend, like the trade above, i feel like it's going to start a trend, but i'm not confident enough to hold, i prefer to exit and re-enter on a pullback, look forward to your insights on how you follow the trend!

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Quoting niks

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M1 EURUSD - following the trend like a hack! having anticipated a trend, i re-entered on a pullback to ema9, and would of added orders if it pulled back to ema50 and beyond but it didn't in this case... {image}i then look for an exit on the next higher high again not being brave enough to hold - many times i look back and regret it! {image}

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Quoting sonicvista12

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{quote} yeah holding when price is pulling back, and you see your profits dwindling, "do I hold? do I exit?" is the constant dialogue i have with myself! {image}

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Quoting niks

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M1 EURUSD - same deal as trade above... but this time it pulled back to ema50 so another order was added... {image}target was simply a higher high using the keltner channel and rsi as a guide... there was a nice ema200 bounce, but i missed the entry on it, dinner calls! oh well... {image} {quote} my answer always turns out to be exit, holding rarely works well, i tend to overthink for the right time to exit a running trend, leading to hesitation and getting it wrong, maybe one day that will change!

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Quoting sonicvista12

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{quote} yes, i have to agree that more often than not the trend turns out to be a fakeout followed by a strong reversal of some sort. True trends happen so rarely, so that is why we don't trust them when they do appear,

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Quoting sonicvista12

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the joys and frustrations of trading gold.... {image}

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