You know what, at EOD the trades look so clear cut and dried and one wonders why one did not see it at that time, and missed a good trade.
But the fact is that the incomplete picture sends one's thoughts on a tangent. If we see the picture as at that moment, it is something like this :
and one would think "Oh, 50EMA is still flattish, not trending down enough.." and you wait..... for the next bar which crashes a bit.. like this :
and you think "Just a spike, the morning has had them all the time.. still not trending down enough".
Needless to say, by the time you realise that a good trade might have been there, you have already missed the bus.
So, my point is, can we define a trigger once the signal is there. After all the fast EMA was below the slower ones all the time, and the trade which is clearly visible now was there all the time.
Also, minor modifications may be needed for different TFs. Maybe for intraday we can define some extra rules like : Place an order for "buy above" or "sell below" after the signal is generated..
But the fact is that the incomplete picture sends one's thoughts on a tangent. If we see the picture as at that moment, it is something like this :
and one would think "Oh, 50EMA is still flattish, not trending down enough.." and you wait..... for the next bar which crashes a bit.. like this :
and you think "Just a spike, the morning has had them all the time.. still not trending down enough".
Needless to say, by the time you realise that a good trade might have been there, you have already missed the bus.
So, my point is, can we define a trigger once the signal is there. After all the fast EMA was below the slower ones all the time, and the trade which is clearly visible now was there all the time.
Also, minor modifications may be needed for different TFs. Maybe for intraday we can define some extra rules like : Place an order for "buy above" or "sell below" after the signal is generated..
