Dear SH,
A small query - If our original short position is in profit & If we are waiting for adding short on 15 EMA tocuh. Our intention is to add on "Effective 15 EMA touch". Let's say candle's high touches 15 EMA, we will wait for breach of it's low the next day. Next day again high touches 15 EMA but this candle makes a higher low. Again on next day, candle's high touches 15 EMA & again this candle makes a higher low than prev candle. Now we have three candles whose high are tocuhed by 15 EMA but the lows are making a higher low on coming days.
My query is which day's low (out of these three lows) is more significant one on breach of which we should initiate short?
A small query - If our original short position is in profit & If we are waiting for adding short on 15 EMA tocuh. Our intention is to add on "Effective 15 EMA touch". Let's say candle's high touches 15 EMA, we will wait for breach of it's low the next day. Next day again high touches 15 EMA but this candle makes a higher low. Again on next day, candle's high touches 15 EMA & again this candle makes a higher low than prev candle. Now we have three candles whose high are tocuhed by 15 EMA but the lows are making a higher low on coming days.
My query is which day's low (out of these three lows) is more significant one on breach of which we should initiate short?