Simple's Green Room

[quanticopious15]

Nice to see you posting SG. I've slapped your ema lines on my 5 minute chart and I can see price either bounce of any one of the three lines or completely ignore one line and get stopped by the next ema line, or punch quickly through all three ema lines, sometimes even slicing one way through all three lines only to quickly reverse and slice back through all three other lines the opposite direction. I'm guessing that the same lines on the higher time frames would show the same thing. Like trend lines and fib levels and patterns, the ema lines offer up just one more thing to watch for and be mislead by on the lower time frames, or traded from to offer accurate and timely entries and exits. I see price action bounce off the 169 average for days, then break through to the next ema line or crash through all three and move opposite direction for days again as it bounces anew off the 169 ema but the opposite direction. But how to know how price will act in relation to those ema lines? One thing is certain though and that is how price action respects those lines.