No trades today...Spread is junk, and got to finish making xmas presents.
Posting this chart to show these pullbacks within the trend.
Price coming up to and crossing 377 wma on 8 range.
Price pulling back to 50sma on 1min.
Price pulling back to the notable EMA's on the 5min.
Thinking about the Phil Nell strategy of looking for a strong trend and waiting for price to come between the 10 and 21 emas on the 5min..use these other two charts in conjunction with 5min to dial in the entry better...and get more entries. The ability for the price to come back between the 10 and 21 is just a speed issue, and the market may not be moving fast enough to make it happen.
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