The 3ema is very near to the closing price. If there is a gap down tomorrow or if the price goes down tomorrow, the 3ema will easily touch todays candle and in that case, we will miss out on good price entry.
The 3ema is very near to the closing price. If there is a gap down tomorrow or if the price goes down tomorrow, the 3ema will easily touch todays candle and in that case, we will miss out on good price entry.
So how much gap difference should be ok between 3ema and eods high ....for reentry to be considered.Is it possible to define the gap in terms of points like 10pts or something to avoid confusion next time.
So how much gap difference should be ok between 3ema and eods high ....for reentry to be considered.Is it possible to define the gap in terms of points like 10pts or something to avoid confusion next time.
If I remember correctly, on a day of GAP DOWN opening, when we Exit, we make a note of 3EMA value.
Now at end of day, we Enter shorts, if Candle touches 3EMA or the value recorded at the time of Exit.
If I remember correctly, on a day of GAP DOWN opening, when we Exit, we make a note of 3EMA value.
Now at end of day, we Enter shorts, if Candle touches 3EMA or the value recorded at the time of Exit.