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For those of you who use EMA's...


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For those of you who use EMA's...

  #1 (permalink)
 
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 Tuglife 
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I am new to using EMA crossover to trade. I am wondering if it is useful to change EMA lookback period to suit market state?

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  #2 (permalink)
 Mik618 
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7D73028C-A632-418F-B5A6-96FAACB55453

Iíve started using a crossover strategy with 8 sma and 21 ema, pullback to slower ema and confirmation candle for best price and minimal risk. Of course it does not work every time, nothing does, but for me it helps to maximize profit potential while minimizing risk as shown in the attached example.

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 forgiven 
Fletcher NC
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Tuglife View Post
I am new to using EMA crossover to trade. I am wondering if it is useful to change EMA lookback period to suit market state?

N0 , Filter the cross over market state by other means .

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  #4 (permalink)
 injpowwetrust 
San Francisco, CA
 
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I do not, I leave it alone. I switch to tick instead of on close.

9/21/63 ema.

I use it more as a "trend" guide for set "time period" chart. I now use 3000 tick, and 10min chart. I watch price and then place my trade with the current trend.


example



Unfortunately, there was not enough "momo" to push it down future, as price retraced. I was force to close out of my position. This is the type of setup I would play.

The "third blue rectangle" would of been an amazing setup, I didn't take the trade as I hit my daily goal. Reason : three triple top wick, reject each time below 63 ema.

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  #5 (permalink)
 injpowwetrust 
San Francisco, CA
 
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Mik618 View Post
7D73028C-A632-418F-B5A6-96FAACB55453

Iíve started using a crossover strategy with 8 sma and 21 ema, pullback to slower ema and confirmation candle for best price and minimal risk. Of course it does not work every time, nothing does, but for me it helps to maximize profit potential while minimizing risk as shown in the attached example.

I do this, or at least try to do this. This is a solid strat, you want to add where price shows "strength" going long.

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Last Updated on March 12, 2023


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