santana55
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new rule
In an uptrending market if you're looking to go long and both the 10 and 30 are up but the 3 is down can you still buy on a retracement to the 50 EMA? Or do you need the 3min with you as well?
And I know price has to be above all resistance but that also includes the 89 EMA on the 89tick chart? I know some people don't use this chart because they don't have it and I have noticed that when doing retracements to the 50 EMA on the 1min sometimes price is below the 89 EMA on the 89tick chart but the 50 EMA on the 1min still holds as support (example: today at 3:45pm).
Another tip for those who are trying out this method, i will soon a new video about a change in the rule.Not a big change but a very good one that will keep you out of trouble.
I told that when 10m is up and 30m is up , then you can dissregard the 3min stoch.
What i suggest and i see that this happens alot with this jittery marked, when going short this way, follow the rules as you would normaly.
But when going long, always make sure the 3min stoch is on your side, even if the 10min
and the 30min is going up, i see that many times the retracemtn is a failed one, when 3min is against you, espescially when using the whilder's moving average.
When marked is going lower,you can go short and do a retracement when 10min is going lower and 30min is going lower.Then you can dissregard the 3min.As normaly
When marked is going down and only 10min is going down and not the 30min then make sure that the 3min is on your side , as normaly.
When marked is going up and 10min is up and 30min is up. then always make sure that 3min is always with you.(the new rule)
When marked is going up and 10min is up and 30min is down , then always make sure that the 3min is with you.As normaly.
ALot of repetting i think, but i want to make sure everybody gets this, this will help you stay away from those failed retracemtn that i know a couple of you might have taken.
IN the new video i will talk more about this and give explanations.
With kind regards
Bashir Naimy
In an uptrending market if you're looking to go long and both the 10 and 30 are up but the 3 is down can you still buy on a retracement to the 50 EMA? Or do you need the 3min with you as well?
And I know price has to be above all resistance but that also includes the 89 EMA on the 89tick chart? I know some people don't use this chart because they don't have it and I have noticed that when doing retracements to the 50 EMA on the 1min sometimes price is below the 89 EMA on the 89tick chart but the 50 EMA on the 1min still holds as support (example: today at 3:45pm).
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