I am trying to trade using an EMA cross in my demo trading. My problem is that I am unable to find the candle that confirms the EMA cross.
Sometimes I see that the EMA was crossed at the start of the candle. I then enter a trade and later find that the EMAs didn’t cross at all.
Could some one help me with identifying the EMA cross confirmation candle please? I have attached EUR/USD hourly candle chart and marked EMA crosses from letters A to H.
Any help is greatly appreciated.
I’m not sure why the exact crossing point is so important, price will go where it is going regardless of MAs, Fibs, RSI levels or any other indicator.
But if you want to know how - its easier on a live chart than a dead one. On the chart, be sure the data window is viewable. As you move from bar to bar, check the MA values and when one becomes greater or less than the other compared to the previous bar, they have crossed. On the current bar, MA values are recalculated every tick, so they will jump around or “repaint”, which is why looking for a crossing is useless unless used for confirmation.