Made an 8/21 "continuation" trade. Used the 30 minute chart and drew a light green line where the 21 EMA was for that candle.
Switched to 5 and entered there for a bounce (or continuation).
Was able to make a miniscule 5% (had to leave desk and sold), but it ended up hitting target 1 which was the 8 EMA on the 30 minute (the blue line) which was also there 2 previous 30 minute candles had bounced (support becomes resistance)
If I had been able to stick around my computer and was able to sell at target 1 it would have been a 20% win.
So far I've played on EMA Flips lately, but yesterday and today I have made a couple of continuation plays on larger time frames since when you zoom out the EMAs are stacked to the upside.
Switched to 5 and entered there for a bounce (or continuation).
Was able to make a miniscule 5% (had to leave desk and sold), but it ended up hitting target 1 which was the 8 EMA on the 30 minute (the blue line) which was also there 2 previous 30 minute candles had bounced (support becomes resistance)
If I had been able to stick around my computer and was able to sell at target 1 it would have been a 20% win.
So far I've played on EMA Flips lately, but yesterday and today I have made a couple of continuation plays on larger time frames since when you zoom out the EMAs are stacked to the upside.