13EMA: Key to Entry, Exit, & Trend in SPY's 2-Min Chart

$SPDR S&P 500 ETF Trust(SPY)$ Now that we have the general outlook on how we gauge the daily direction, let’s take a closer look at the exact entry and exit points!

For this I like to utilize my EMA system known as the “2 minute strategy”.

There are so benefits when it comes to utilizing these EMA’s! For this post let’s just focus on the 13 EMA and how we use it!

• Entries on pullbacks! If you miss the breakout, the 13ema usually provides you that opportunity to jump in on dip.

• Stop loss! Using the 13ema break as your stop loss you are essentially risking losing 1 candle, to win multiple.

• Riding out the winners! If the 13ema is holding, then the trend is strong! Use it as a guide to hold some runners.

Just 1 look at the respect this yellow line gets shows you the power of the 13ema on the 2 minute chart 💪

Image

https://x.com/cs_tradess/status/1798486759740965290

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