DislikedI don't always wait for the 5 to actually cross. Take Trade 1 from my previous post(the buy trade). The 5 never crossed the 20 or 50...but the 5 did pull back the the neutral area before going up. So I used that, along with the doji, and the fact that the 20 and 50 were trending up after having crossed their signal lines. Plus price was consolidating after having aready making a move up a little earlier in the evening. So I had 6 reasons all together of why I should go Long.
The same with Trade number 2, the 5 never came back up to cross the 20 or 50, but it did come back to the neutral area.
Now Trade number 3 did have a 5 cross...but that's because the 20 and 50 lines were coming down to the neutral area.
Hope that helps.Ignored
When I asked about 5 crossing, I didn't mean cross the 20 or 50, I
meant after the 5 pulls back, then crosses its own signal line.
In your case, after the green line pulls back, and crosses its own
green signal line. Hope you can see what I'm refering to.
So, do you wait for the green line to cross its own green signal
line and for candle to finish forming, before entering a trade?
Anyways, correct me if I'm wrong, but what you are essentially
advising is that we need multiple reasons to enter a trade, right?
You also mention about 5 pulling back to neutral zone, do you
mean the "50" level??
How about your exits?? What's your decision process??
Candlestick patterns like doji, etc??
Thanks
fj