22/11/2023
FOR THOSE WHO HAS STRATEGY MD FOR THOSE WHO DO NOT HAVE‼️
HERE ARE MOVING AVERAGES STRATEGY OR CONFIRMATION TO YOIR OWN MQIN STRATEGY 🙏
200EMA, to help us see the sentiment of the market,Bullishtrend or Bearishtrend. 📈
When the candles or chart is above the 200 EMA (moving average).you only focus on going with Bullish trend only.
If the chart is moving below your 200 EMA(Moving average). You only focus on shorting the market, means you only execute Sells. So you always looking for entry sells. 📉
Now this will be stronger and promising when adding 2 more indicators on the chart. With already 200EMA. To increase more chances add:
21+50 EMAs.
Now they are 3 on the chart with different colors so you can understand which EMA represent which moving period.
>Example (colors)
200EMA_Blue
21EMA_Red
50EMA_Black
HOW TO USE 21+50EMAs
The 21_EMA will always act and reveal your supports and resistance. It helps you with the turning points of the market. 🤞
While 50_EMA, we combine it with 21_EMA.For us to know that the market is buying, the 21_EMA has to cross the 50_EMA above.But that is not the case. For a solid entry, the 21 period moving average(EMA), has to be far enough from the 50_EMA for us to know that, we can have a valid entry point.
Now if 21(EMA)is still closer to 50(EMA),there are possibilities that it can come and break it below.
This is the same as BEARISHTREND.
COMBINE 200+50+21_EMAs. Identify them with different colors.
As 200 (EMA) is acting as our market structure view. If we put them together, they all act as a weapon to the market.
How to use them⁉️
If 21+50(EMAs) are above 200(EMA).For us to know the turning point. We have to look at THIS QUESTION
👇👇👇
[Are 21+50 EMAs far or closer to 200 Ema⁉️]
NOW if 21+50(EMA) are closer to 200(EMA).It means we have more chances of them breaking below the 200(EMA).
1_Wait for 21 to make a cross over on 50 EMA. if it crosses it below,you wait for it to be far away from
