I am a price action maxi at heart, but it's difficult to beat a simple EMA strategy when price is trending. This is my go-to EMA strategy, which can be used on any timeframe. Enjoy Fast EMAs: 33,55 Slow EMAs: 100,200 (cloud)
Just switched to the 1 minute timeframe to see if there was a setup, to prove that this can work on any timeframe and here you go. Keep in mind this isn't magic, long signals work best when the HTF is bullish. Additionally, when price starts to range, EMA strategies aren't great as they chop around from bullish to bearish. But hopefully you get the idea with the examples. The example below would have captured 3-4R. GL
Example of when NOT to use it - price is ranging and the EMA cloud is switching from bearish to bullish frequently. Just don't force anything. Wait until the setup looks too good not to take, in line with your higher timeframe bias.
Perfect example on the Daily prior to this recent move up from 105k -> 123k Bullish Under/Over. - Lose Fast EMAs - Find support into green cloud - Reclaim Fast EMAs - Send As with anything charts, the higher timeframes are more reliable. You can use this to scalp on the lower timeframes, down to the 1m but signals are less trustworthy. I personally like the 1hr and 4hr
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