These are my notes on the moving average ‘fan’.
Quote
The “EMA fan” is one of my favorite strategies for trading momentum!
It’s very simple. Here’s how it works…
Add the 13 • 48 • 200 EMA’s onto the 2 minute chart.
Bullish EMA trend
- 13 EMA top 🟡
- 48 EMA middle 🟣
- 200 EMA bottom 🔴
Bearish EMA trend
- 200 EMA top 🔴
- 48 EMA middle 🟣
- 13 EMA bottom 🟡
Now…
When those 3 EMA’s are tightly stacked or “braided together” it’s a clear indication of chop and lack of momentum
When those 3 EMA’s start to space out and drift apart it’s a clear indication of trend and momentum coming in
Game changer for avoiding the chop & trading the trend
X. @Team2Trade (new tab)
