Strong Trends
#11
Posted 08 August 2009 - 01:56 AM
#12
Posted 08 August 2009 - 06:32 AM
These work very well for me on daily and to some degree the hourly also. The purpose of the "1" is to offset the EMA forward, helps in "view" of the price move, in theory suggests the next price point.Hi mss, interesting charts. May I ask what the effect is to put a "1" after the EMA? And does this set of EMAs work for you on a daily chart? Thx
mss
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#13
Posted 08 August 2009 - 11:00 PM
#14
Posted 10 August 2009 - 09:52 PM
#15
Posted 12 August 2009 - 03:16 PM
I will leave off a daily chart with the 8 & 34 ema on it as there are many of them posted and the use is pretty well known.MSS:
I am to assume that each time frame has a hierarchy over the shorter time frames. Something likes this: when 8 ma is above 34 ma on the daily, then you look to buy what setups on the 30/60 minute time frames? How are you using RSI and MACD, as confirmation or as signals? What is a "bad" signal vs "good" signal?
The first chart after daily is this one. The MACD (3,13,1) suggest momentum of the price and indicates if it is rising, falling, or staying within a range. The RSI (12)indicates OB & OS levels and if they are being worked off or not.
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=3&dy=0&i=p17290711907&a=155479641&are=6865.png
This chart is my "tell-all" and is used for viewing total relationship of the 8 & 34 to price and the MACD (3,13,1) momentum. The bottom two MACDs are longer term momentum and are not laggers if you watch levels close. The 3,13,1 MACD cross over the EMAs are meaningless, just the "0" line. Notice several "buy/sell" points identified depending on your personal Risk/Reward level. You can use price to EMAs or EMAs to each other etc.
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=0&dy=10&i=p80036327468&a=175274150&are=2148.png
The is the short term conformation/rejection of price and momentum if the EMAs are where you want them.
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=0&dy=10&i=p01184224322&a=175360028&are=4223.png
This chart is the proof of short term hourly trade or not. Here it is price verses the EMA, confirmed or not by momentum. The bottom EMAs also lend insight.
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=0&dy=3&i=p85647695961&a=175360631&are=7519.png
Keep in mind that I do not normally day trade and the short term chart is for when other charts have told me to "buy/sell" and I am looking for best price point. Usually I use buy and sell price points.
I hope this answered most of your questions, as it is hard for me to write how I trade, because most of it is done according to what I "see" in the charts. Been at it too long, but I really, now need a pure mechanical system.
Questions & comments always welcome,
mss
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#16
Posted 16 August 2009 - 11:17 PM
#17
Posted 18 August 2009 - 08:48 AM
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!