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My beginner, ADHD self requires visual aids to trade. I crafted the following after watching Brad's April 27 Q&A on YouTube, specifically the whiteboard section at 22:55:
https://www.youtube.com/live/R4fRHOEbgUg?si=GiCCj8e7zeiHV8Z-&t=1375
Richard and Brad "approved" me sharing. Hope this helps someone.
Hi, I wonder how to spot a trend based on EMA, if the bar is below EMA20 but EMA20 itself is still going up, would this be considered up trend or down trend? Thx
If the ema is slanted upwards but you've just had bar or two put below the ema chances are that is a minor reversal so there is a high probability buy there for either trend resumption, or just to test the trend old extreme. Remember the ema is of the last 20 bars so if the ema is slanted up you've been in some kind of bull trend weak or strong. If the ema is mostly flat and price is osculating between the ema chances are you are in a trading range. So if most of the bars are above ema or riding the ema and it's slanted upwards you are in a bull channel, same for bear version and a flat ema indicates a price of agreement and you tend to be sideways.
