For anybody who is relatively new to trading and does not like high risk trading then this is some good advice for you to be able to know trend direction...
Only buy when price is above the 15 EMA and both the 15 EMA and 30 EMA are above the 60 EMA this is an uptrend so do not Sell.
Only sell when price is below the 15 EMA and both the 15 EMA and 30 EMA are below the 60 EMA this is a downtrend so do not buy.
When to buy when price is below the 15,30 and 60 EMA is when you are confident of a trend change, or trend pullback, the initial pull back in a trend change usually comes after a long downtrend followed by a push up through the EMA's pulling EMA's over each other then it will usually retest with a huge pull back and then of it goes... But will create choppy market for while firs while trend change is under way.
How to trade into a trend.
So providing the 4h is stating uptrend and you are witnessing a pullback to the 60EMA or 30EMA on the 1H there is high chance of another trade opportunity with a rejection wick formation and time to get in again on the 1H...
To better your price direction look at overall trend on higher time frames daily, 8h, 4h 1h etc then go ahead and scalp with confidence and jump into some long runs using the EMA rejection wick to spot new trends.
One huge advantage to this is the ability to spot possible trend change on larger time frames giving you the opportunity to get in on the lower time frames at the start of a new trend.
As shown in last post in the images... But Only do this when you are confident in recognising a pattern forming.. So here is the image again with 1st trade entry taken at the extreme pullback and retest... but this could also be news related, but what ever Trevor you get the idea and then how it looks 1H 4H and with added Bollinger bands to help spot trend change
Only buy when price is above the 15 EMA and both the 15 EMA and 30 EMA are above the 60 EMA this is an uptrend so do not Sell.
Only sell when price is below the 15 EMA and both the 15 EMA and 30 EMA are below the 60 EMA this is a downtrend so do not buy.
When to buy when price is below the 15,30 and 60 EMA is when you are confident of a trend change, or trend pullback, the initial pull back in a trend change usually comes after a long downtrend followed by a push up through the EMA's pulling EMA's over each other then it will usually retest with a huge pull back and then of it goes... But will create choppy market for while firs while trend change is under way.
How to trade into a trend.
So providing the 4h is stating uptrend and you are witnessing a pullback to the 60EMA or 30EMA on the 1H there is high chance of another trade opportunity with a rejection wick formation and time to get in again on the 1H...
To better your price direction look at overall trend on higher time frames daily, 8h, 4h 1h etc then go ahead and scalp with confidence and jump into some long runs using the EMA rejection wick to spot new trends.
One huge advantage to this is the ability to spot possible trend change on larger time frames giving you the opportunity to get in on the lower time frames at the start of a new trend.
As shown in last post in the images... But Only do this when you are confident in recognising a pattern forming.. So here is the image again with 1st trade entry taken at the extreme pullback and retest... but this could also be news related, but what ever Trevor you get the idea and then how it looks 1H 4H and with added Bollinger bands to help spot trend change
FREEDOM IS SECURITY.
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