Dave,
Perhaps you are mixing up slope change and repulsion.Please re read this thread again.I am posting few charts which may help you.
kolachi
Quote:
Originally Posted by Dave2
Hi, been following this thread but am still not sure about the signal strategy. I understand we place an entry on change of slope of 5wma but why then do we wait for a pullback to 21ema? Why not just exit on next change of slope? Also, as I understand it, if it repulses it then begins to continue in the original direction of the trade entry, so why exit then?
As one trader mentioned earlier it would be very helpful if we could see a chart with text pointing out the mechanics of the strategy. A detailed picture would be very helpful.
Appollogies if the above questions have already been addressed.
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