Dislikedcud you tell me if MA8 is to the "close" or "first indicator's data"...
and in what time frame you use this...
doesn't be important the nivels that occur the cross (RSI/MA) below 30, above 70 or below/above 50....
thanks (i'm sorry my english)Ignored
The MA(8) is on first indicators data. The time frame is of course Daily (D1). If you are not sure on the time frame then you need to read the book carefully again - and the main thread.
I look at 80/20 RSI levels when entering a trade. But be careful entering against the trend. Look for candle patterns and if price is bouncing off support/resistance or fib levels to confirm.
Hope that helps
Michael