No buddy. You are forgetting EMA crossover. When you entered, EMAs were wide and had crossed long back. Certainly no entry according to the system
Let Pride confirm this for us.
Hello All
Is it like we enter a trade only on a fresh EMA crossover ? or is it like if the EMA crossed sometime back but at that time 5 min stoch wasnt bullish and now that 5 min stoch has turned bullish so we can enter now also ??
For ex lets say at 12:05, 30 min stoch is bullish, 5 min stoch is bearish & fast EMA has crossed over.
At 12:20, 5 min stoch turns bullish and the fast EMA is still above from the earlier crossover at 12:05.
So will this mean a valid entry ?
Or will it be that the EMA crosses back and then crosses above again, then only we will enter ?