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General Forex Discussion
The Trend
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[QUOTE="Magician, post: 12532, member: 5330"] Thanx Enivid, I have attached a picture of an example, I have used EMA 10 (Red), 20 (Yellow), 50 (Orange), 200 (Pink), As you see there all down-trending in order, and that the trend according to the EMA is down, yet the Mthly Candle is up. You read Trend Is Your Friend, only if you can find it :) Lagging EMA, but if you look at the mthly Candles in general some are upward some are downward, yet the EMA is always downward (in the attached picture) Do I go with the mthly candle for the trend, or the ema for the trend, am I the only one confused with this ? Again many Thanx [/QUOTE]
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