Hi Ken,
I have finish reading your PDF which is similar with Oe's... therefore I have read it twice (lol)... I am firmilar with PPA and PA but really bad at MA's although I am aware they are floating S/R... I do draw lines at various spots in the chart representing S/R.
I am reading up to page 24 and was hoping that you could give me a leg up to speed up my learing process.
Here goes:-
1. 15m chart use - 10ema , 21ema, 35ema, 50ema, 200sma - watch 35/50 intraction to take trade
2. 1hr chart use - 10sma, 50ema, 62ema and 200sma - watch 62ema bounse to take trade
3. 4hr chart 5sma, 10sma 50ema 150ema - watch 50ema and 150ema to give signals
4. Daily chart - 5ema, 35sma 50ema - watch the 5ema to trade.
Is the above correct...
I know that I need to scale up and down the charts in various time frame to see the best possible trading opportunities. I would appreciate if you could show... by rule of the thumb... how the MA's are being use in each of the time frames and to give importences to them... to use as signal/s.
Your thread has evolved and my quastions may have been address further up the pages if so kindly direct me to these pages.
Thanks
mikelee
I have finish reading your PDF which is similar with Oe's... therefore I have read it twice (lol)... I am firmilar with PPA and PA but really bad at MA's although I am aware they are floating S/R... I do draw lines at various spots in the chart representing S/R.
I am reading up to page 24 and was hoping that you could give me a leg up to speed up my learing process.
Here goes:-
1. 15m chart use - 10ema , 21ema, 35ema, 50ema, 200sma - watch 35/50 intraction to take trade
2. 1hr chart use - 10sma, 50ema, 62ema and 200sma - watch 62ema bounse to take trade
3. 4hr chart 5sma, 10sma 50ema 150ema - watch 50ema and 150ema to give signals
4. Daily chart - 5ema, 35sma 50ema - watch the 5ema to trade.
Is the above correct...
I know that I need to scale up and down the charts in various time frame to see the best possible trading opportunities. I would appreciate if you could show... by rule of the thumb... how the MA's are being use in each of the time frames and to give importences to them... to use as signal/s.
Your thread has evolved and my quastions may have been address further up the pages if so kindly direct me to these pages.
Thanks
mikelee