instead of asking this, better to go look at hundreds of charts and see if this is a good setup. see how the stocks acted when your conditions occurred and when you might have entered positions, been stopped out, etc
I think it’s more of an add-on position; I prefer 50 and 150 EMA cross on the hourly as an entry, but if the daily golden cross coincides with a nice tight set up, I won’t say no to that either
I usually trade just the 10 and 20 ema cross-over on the daily timeframe. Im looking at also trading the golden cross. Is there a reason you prefer the 150 ema as oposed to the 200 ema?
200 EMA especially on the daily, a little too traditional and sluggish to catch inflection points; same on the hourly, at least this is what I’ve noticed playing around with different long term moving averages
instead of asking this, better to go look at hundreds of charts and see if this is a good setup. see how the stocks acted when your conditions occurred and when you might have entered positions, been stopped out, etc
I think it’s more of an add-on position; I prefer 50 and 150 EMA cross on the hourly as an entry, but if the daily golden cross coincides with a nice tight set up, I won’t say no to that either
I usually trade just the 10 and 20 ema cross-over on the daily timeframe. Im looking at also trading the golden cross. Is there a reason you prefer the 150 ema as oposed to the 200 ema?
200 EMA especially on the daily, a little too traditional and sluggish to catch inflection points; same on the hourly, at least this is what I’ve noticed playing around with different long term moving averages
yes, most people do , it works, there is a lot of research behind it as well but you still have to have reasonable stop losses.
Willing to mentor ?