Many retail traders use EMA and they get pretty side track when they mixed fear with anxiety. The fomo?
I used a 10ema and 200ema.
If price is above 10ema on the daily. I only looking to buy on the 1hr. I do counter trend trade but very small position.
I miss out ot of counter trend trade opportunities but I think news releases bump my profits much better than my normal trades. But there are a couple of times greed almost kill my profits for the month but my normal strategy brings it back to breakeven.