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entering hastily though may also cause losses as well. I generally wait for consensus however I trade off the EMA's by entering after an opposing bar closes which is NOT common practice. if its a pinbar though that is also opposing.. beware the time to be patient has arrived.
Can you help answer these questions from other members on NexusFi?
When you say "slow moving average", what length and type are you using?
How do you employ it?
Persistence! Nothing in the world can take the place of persistence.
Talent will not ... nothing is more common than unsuccessful men with talent.
Genius will not ... Unrewarded genius is almost a proverb.
Education will not ... The world is full of educated derelicts.
Persistence and determination alone are omnipotent! Calvin Coolidge
As I said, you cannot define the setups so clearly. I look at the context and try to determine if I should enter at the market for strong BOs or with H1, L1 (strong BO first PB), or H2s, H3s, L2s, L3s for MTR or weaker trends.
Since I am still learning I am only using one micro lot. Its not for making money but for learning. If I see that I am consistent enough, I will incrementally increase my size. If I have enough data on risk, reward and probability, I will use partial Kelly for determine my position size for each trade.