Dislikedquestion for anybody if on a daily chart the ema 5 is above 8 ema & rsi above 50 but is pointing down is it still a long trade??
maybe stupid but thought i would ask
andrewIgnored
No such thing as a stupid question here. Still a valid long. Anything I see on the Daily such as RSI pointing down, or almost at 50 or Price at Resistance or Support levels etc... any sign that might be against the daily Mint signal I make a note in my log and later when I get hourly Mint signals I check my notes and might not take a trade based on what I see in the daily chart. I sometimes check the 15 minute chart before taking a signal also.
Hope this helps