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[Adamus]

Found this earlier, just wondering, what is EMA?

ADX of 30+

Price pulls back into the 20-day EMA

Buy(Short) when it breaks previous days high (low) and place stop at previous days low (high)

Sell (Cover) when it hits previous swing high(low)

 

[Trader333]

EMA = Exponential Moving Average


Paul

 

[Adamus]

Thanks.

Just because I'm not much of a TA geek, "selling(cover) at the previous swing high" means the target is the previous highest high, in other words, to find the 'previous swing high' you would step backwards bar by bar from the entry bar until you hit a bar whose high is lower?