Dislikedok, just gone long again @ 17710, stp 17679. I actually made a mistake as I execute my trades on my phone, I quickly pressed the button and sold instead, then had to get out and reverse, but no damage done.
ok, I trade macd's and moving averages mostly. The 20SMA is a good guide line on the direction of the market. I combine this with a normal 12,26,9 MACD and another one with higher parameters to measure the longer term direction.
Also, I include a short EMA (10) and a longer EMA (20).
Its not just one thing I look at but a combination of these, whilst also looking at breakout levels and possible trendlines. I do not use fibonacci, etc, I have tested many indicators and tools over the years and they don't work for me personally. Finally, I look at the strength in direction of as many time frames as I can. So with the time its taken to write this message after my trade, the g/u has turned bearish on the 1min, 5min charts, but still looks bullish still on higher timeframes.
sorry I cannot post charts, but i'm not too good with computers but will do so if I learn how to do it.Ignored
"Wishful thinking dies hard." Igor T.