I did not take advantage of the bullish November, in fact, I was a victim of the bull stamped. I tried buying a few puts that did not workout in my favor. December is right around the corner, I look forward to ending the year on a high note.
For your amusement and or entertainment, I highlighted areas on the above YM chart of where price crossed over EMA in October and November indicating a change in (short term) trend. It's too late for me now to try to get long, Murphy's law would have it be the exact moment the market retraces against me.
I will update the chart with another post when EMA is crossed (maybe in Dec or Jan); I hope to give myself a chance to participate in the next trend?
The 12- and 26-day EMAs are the most popular short-term averages, and they are used to create indicators like the moving average convergence divergence (MACD) and the percentage price oscillator (PPO). In general, the 50- and 200-day EMAs are used as signals of long-term trends.