The order will be activated once the next candlestick breaks the high of the previous candlestick.After the 10 EMA crosses the 50 EMA from below, place a buy stop order 2-5 pips above the high of the candlestick that has a lower high than the previous candlestick.This strategy can be implemented on any currency pair and any time frame, although we suggest the 15-minute chart or longer. Now that you get the main ideas of using three EMAs, let's take a look at how to use them in the chart. See Also: Trading Strategy Using 3 Bar EMA If the 10 EMA crosses below the 30 EMA which lies above the 50 EMA, this is a possible signal that a longer-term uptrend is reversing into a longer-term downtrend. If the 10 EMA crosses above the 30 EMA which lies below the 50 EMA, this signals a longer-term downtrend is potentially reversing into a longer-term uptrend. If the 10 EMA crosses below the 30 EMA which is positioned below the 50 EMA, this is a signal for you to enter a short position.
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