Replies to post #9337 on 123Tom's TA study group

[123tom]

heres my sense of it.


its a short time frame trade,looking at the 5 minute and 1 minute chart. I'm guessing you want to feature the relationshio of the 4Ema and 8Ema as they flow and the trigger moment is when they cross over.
For entry I see on the 5 minute chart the crossover looks like 31.40. for entry, and what candle picture earlier and below,was a spike low that bounced, followed by a higher low that held and made a decent green candle to peak around 31.40 area. I'm guessing you favor buying the 'breakout at or just above that candle peak, so I'm entering at 31.40....and from there watching the flowing interaction between the 4Ema and the 8Ema for crossover to exit the trade.
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Looking at the 1 minute candle,I think I saw that the crossover trigger for entry was quicker and lower down at 31.30 area and , then watching the 1 minute flow of Ema 4 and 8, it would also signal an earlier exit at around 32.
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This is interesting now, because in watching the 5 minute candles and ma's, the 4and 8 did Not cross over at that 32 peak, but zig zagged a little and maintained hold ,and rallied to the exit trigger , which I will say is the same for both the 1 minute and 5 minute at the top zone. exit at 32.40
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I think for the most part, I'm just watching mostly that relationship of the 4 and 8 Ema. but the candle patterns look like warning signals as well.
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The full trade.... by favoring the 5 minute chart would have had me in for the whole move 31.40 to 32.40

The 1 minute chart would have me in at 31.30 and exit at 32. and if I got in again, on the pullback, I don know if I would have entered again at 32 to exit at 32.40.
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If I bought 100 shares for $3,140...and sell at 32.40 ,Ive made 100 dollars on that scalp trade.