A simply trading method using EMA's and price action
Here I describe a very simple systematic trading method using a set of four Exponential moving averages (9, 20, 34, 50) along with price action as your trigger for long and short signals. This is a simple trend following system where you are following the trend via buying pullbacks in up trends and shorting rallies in downtrends, therefore you are playing the trend at hand vs fighting it. This method spots well timed and systematic entries that are very mechanical with defined entry points and initial stops. It is also not curve fit and can be used across any time frame from 1 min, 5 min, 60 min, daily, tick charts, etc. You don't need special custom expensive indicators, standard indicators like these work just fine!
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