I have gone through the school and trying to demo trade using the Cowabanga system. It looks like a great system, but I have one question.
When trading with the 15M chart, do you must wait for the EMA cross over in both charts?
Ex 1: Let’s say that the EMAs crossed in the 4HR chart and all the other conditions in the 4HR chart were met.
At this time in 15M chart EMAs were already crossed and the rest of the conditions were also met. Do I trade?
Ex 2: EMAs crossed in the 15M chart and the other conditions were met. EMAs in 4HR chart were crossed way before and the other conditions are met. Do I trade here?
What I noticed when back testing was the EMAs in both charts did not cross at the same time always.I did ask this question in newbie section, but got no replies.
Any help is greatly appreciated.