Using Longer Time Frames and EMAs...

Hi

After several experiments I realized that most of the times the way to go is to select longer timeframes, like 8h/4h, to really have an idea of where the trend is going.

Especially when you use it with 18/28 emas (which I am pretty sure is what is used by a very popular infomercial that charges thousands for their product...can't name it 'cause I am under 50 posts....all I can say is that it ends with "easy"), it can really give you the ok to enter or exit a trade.

Only problem with this is: what about the movements in between the trade...the longer the time frame, the greater the changes the price can drop in the meantime, right ? Even if in the long run the price behaves as predicted by the long term charts, what are the chances that you get a margin call in the "between" of the trade ?

Any advices ?

Thanks

try even longer, such as daily, that can give you an even better perception of the trend, then go with the 4/8h trend when that and the daily chart match up.

You are suggesting the Triple Screen Trading system.

i use triple screen for my scalping trend on the 30 and 5 min enter on 1 min

an ema cross on 5 and 30 min signals the trend for me
lots of traders say trade with the trend but refer to the trend on daily charts every day the 5 min chart has a trend usually two so even when scalping stick to the trend is your friend mantra.

Dailydow,

Can you explain further your technique?

So basically you guys are really doing something similiar to the infomercial I was talking about.

I've been to one of their "seminars" and I must say that their program is not that bad, 'cause they have a way of automatically telling you when a pair is going in the same direction on different time intervals, and you can select if you want to have a long term trade or short term, therefore you can decide that you might want to know when the 8hr/4hr/2hr are going in the same direction, or maybe 1hr/30m/15m if you want to have a quick trade.

But forget about the 2500 they charge....I can check charts on my own and do that in 15 seconds.....but their idea is not bad at all I think.....

Future