EMA (Exponential Moving Average) is similar to Simple Moving Average, measuring trend direction over a period of time. SMA simply calculates an average of price data, EMA applies more weight to data that is more current.
100 EMA is important, 200 EMA is very important, or 400is an important value zone for us.
For entry, we will look for the price near 200 EMA with smaller stop loss and bigger reward.
There will be rare and high probability opportunities on bigger time frame always.
We have to be prepared and take trade consistently to win overall.
We cannot losses avoid losses but should be prepared for it.
Emotional loss is even more harmful, we will follow a strict system to be profitable overall.
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