One more thing, If EMA50 is inside the other EMA's, then it is a positive sign for the stock, as all the other EMA's will try to cross EMA50. Your views on it, please...
One more thing, If EMA50 is inside the other EMA's, then it is a positive sign for the stock, as all the other EMA's will try to cross EMA50. Your views on it, please...
If EMA50 is inside the other WMAs, you should not enter the trade. Wait till the EMA50 comes either above or below the three WMAs, and at that time if the Buy conditions still hold, enter the trade. This is the observation I have made. The EMA50 should be clearly outside the group of three WMAs to enter the trade. You may find sometimes an exception to this but it is quite rare. That is why I am mentioning in the comments "EMA50 inside the other MAs".
If EMA50 is inside the other WMAs, you should not enter the trade. Wait till the EMA50 comes either above or below the three WMAs, and at that time if the Buy conditions still hold, enter the trade. This is the observation I have made. The EMA50 should be clearly outside the group of three WMAs to enter the trade. You may find sometimes an exception to this but it is quite rare. That is why I am mentioning in the comments "EMA50 inside the other MAs".
nah ... when no position is to be taken .. this was just an observation and had read earlier in this thread abt some position to be taken if high of 5 consecutive green candles get broken ... so just wrote it ...