Quote:
Originally Posted by hypnos63
unfortunately for me, my chart shows the 62 EMA ABOVE THE 78 EMA, signalling an uptrend.
http://md6.it-finance.com/MDV6/showi...962939&print=1
the 78EMA is turquoise, the 62 kind of pink
i don't know how these descrepancies occur but there you go. also do we look at the particular higher frame candle governing the time we choose to enter the trade? |
Its important to remember not to get too caught up in the MA values... they are just guidelines. I said first and foremost we need to respect price action. Did that chart make a higher high? Or a Lower Low? No and No. That chart doesn't have a trend and thats why regardless of the MA values you should stick on the sidelines.