Sorry if these aren’t particularly clear but you can see we are in an uptrend and you effectively look for the small red candles on the way up, followed by usually longer bullish candles confirming the continued direction of the trade.
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Don’t apologise as I see exactly what you mean. It is similar to what i do as that is price action trading. Small bear bar as bears test the strength of the bulls and bulls use that small test to add to their positions is one scenario or it could be some bulls taking some profits off the table. Either way it demonstrates that there is not enough bears in the market to reverse the trend.
Thanks for posting.
Happy Trading
Blackduck
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I use a similar method, I see that you are using 5 and 10 EMAs. have you tried 8 EMA ?
There is some good YouTube stuff by Steve Bigalow on the magic of the 8 EMA.
Nothing stupid about your method - good work.
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@pipb0ss420 are you still trading this strategy? I wonder if this is still profitable for you after a few months of trading.
Thanks,
Luca