alsi 17.11.2010 -wed

[poland]

7ema below 21ema below 50ema = only shorts and 7ema above 21ema above 50ema = only longs, am i right?

[Mar-11]

yes,same problem

[asylum]

just trading MA blindly is not the way to trade, sorry if that sounds arrogant but thats my belief, nothing wrong trading Ma but one needs to take into account when going long or short where the reistance and support levels are, taking a trade on the the ma even with a engulfing candle witout first seeing what the potential profit target is, normally a support or resistance level. Without doing this you take the risk of coming up against resistance in a higher time frame a few points from your entry only to wonder why the trade went against you, of course im talking intraday trading here. But thats just my opinion.

[BoburUncle]

Wouldnt you also have to look at the stochastic and RSI and MACD then?

[asylum]

if you want, but all indicators are lagging so i dont use them personally, go and study price action and it will change the way you see the market and trade.

[#6]

Noooooo, not today so far. Simon's system 7/21/15 in idle mode.

[BoburUncle]

meaning?

[SimonPB]

yes.no.maybe .. only thing I hace used in the last 5 years has been MA's or price only .. nothing else ..

[Ninja]

I agree with Simon, MA very powerful way of trading. I however use RSI, MACD and Stochastic to confirm....I am a scalper, support and resistance less of an issue but definately something I am aware of. I trade the 5 min chart in the direction of the 1 hr chart price action relative to 200ma. The simple beauty of trading the rsi rollercoaster in line with trend, BB SD 1 through 3 momo change deliver profits consistently. Biggest challenge is waiting for entry....if you wait for the correct entry both RSI and BB dynamic channel trading nearly always result in $$$$$