No, it was an exercise in studying price action. It began with just a 5 minute chart and 3 EMAs, but then I noticed price had a habit of reversing in the middle of nowhere. Took me a while to identify that middle of nowhere on the 5 minute was often an EMA on a higher time frame, or a pivot point. Collecting that data was more for trade management than anything else.
If someone wanted to I suppose they could backtest entries on pullback to EMA. Based on what I observed, I'd look at 2nd pullback to ? EMA as the entry. On any given day you never could tell which EMA on which timeframe would hold, but once one did often it would hold the second time.
I don't day trade anymore and as a swing trader that's not how I look to make money.
