identifying overbought and oversold...
the 200ema is central.
also the woodiepivots..
can pretty much identify the overbought oversold.
it is the breakout that I have trouble with.
am noticing that a cross of short trix over long trix near the 0 line simultaneously with a macd cross is a good marker for a breakout.
if the trixes cross too far away from 0 they can easily revert back to the original direction and no breakout... price action can develop into a continuation or stall out...
will do some more sim and demo practice to see how this marker holds up... so far pretty good
the 200ema is central.
also the woodiepivots..
can pretty much identify the overbought oversold.
it is the breakout that I have trouble with.
am noticing that a cross of short trix over long trix near the 0 line simultaneously with a macd cross is a good marker for a breakout.
if the trixes cross too far away from 0 they can easily revert back to the original direction and no breakout... price action can develop into a continuation or stall out...
will do some more sim and demo practice to see how this marker holds up... so far pretty good