my trade

Quoting ben10

Disliked

http://img255.imageshack.us/img255/4290/48317292.png

Ignored

Quoting Ffrank

Disliked

Great trading Ben and Magic.

The 30wma is giving you a really nice trend direction confirmation.

Something I noticed, if you look for the 30wma to cross back over a price line it previously broke, it is more often than not a good trend reversal confirmation. To avoid congestion it could be used in combination with previous high/low being broken (like your entry here Ben). Just an idea, as below.

Ignored

Quoting Ffrank

Disliked

I added the 30wma to my chart - very nice, thanks Ben

I already have the 60wma and 100wma highlighted and the 30 gives an early signal for possible trend change.

I'm finding by having the longer term wma's also I can see the strength of the trend - when the 3 wma's are all running in parallel you can enter on any retrace in direction of trend. When they converge (rope!) it's clear for me to stay out of the market until they digress again.

Ignored

Quoting Ffrank

Disliked

I added the 30wma to my chart - very nice, thanks Ben

I already have the 60wma and 100wma highlighted and the 30 gives an early signal for possible trend change.

I'm finding by having the longer term wma's also I can see the strength of the trend - when the 3 wma's are all running in parallel you can enter on any retrace in direction of trend. When they converge (rope!) it's clear for me to stay out of the market until they digress again.

Ignored

Quoting Magic Trader

Disliked

Yes, I think it's useful to include the 60 and 90 in there. For now I'm just switching between TFs to see overall trend direction. Looking for confirmation either higher or lower. Lot's of good stuff with this.

Ignored