I've been waiting virtually "forever" for a "downward facing" 8/24 EMA
on the 1H to initiate a "fingertrap" short on /ES ( SPX500
shown here; the "fingertrap" method is described in the post below). The actual EMA
cross hasn't occurred yet, but price has broken below the 34 EMA
, which is promising for the setup. Naturally, the movement can fizzle out, particular in the Asian, so I wouldn't necessarily get excited yet. Set your alert for the cross, and then come back when it goes off ... .
I'll try to post paper trades in SPX500
here, while simultaneously trading /ES.