Johnami'''
Your Question:
Using the "5 method" on the 5 or 15 minute time frame, my understanding is that there is no other moving average used? I think I remember BigE saying that he uses the 233 only with the 21/233 method. My question is, what would be a good moving avg to keep on track when trading the 5 on the 5m and 15m time frames? Any feedback appreciated!
When trading the 5 method I only use the 5 ema... if I'm trading the 21/233 for multiple entries I only use the 21/233 lines as outlined.
I personally don't add any other m/a lines. Some do and some don't... it's your choice and what works for you. If I did use one on the 5 method I'd probably use the 21 ema. Why? Because when PA cycles... it normally cycles to the 21 line and bounces off the 21 line... if it broke thru I'd exit the trade expecting a reversal coming soon.
Only use Stochs between the 20 & 80 lines for entries or trade direction. Doing trades above the 80 or below the 20 lines will kill your account generally.
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Your Question:
Using the "5 method" on the 5 or 15 minute time frame, my understanding is that there is no other moving average used? I think I remember BigE saying that he uses the 233 only with the 21/233 method. My question is, what would be a good moving avg to keep on track when trading the 5 on the 5m and 15m time frames? Any feedback appreciated!
When trading the 5 method I only use the 5 ema... if I'm trading the 21/233 for multiple entries I only use the 21/233 lines as outlined.
I personally don't add any other m/a lines. Some do and some don't... it's your choice and what works for you. If I did use one on the 5 method I'd probably use the 21 ema. Why? Because when PA cycles... it normally cycles to the 21 line and bounces off the 21 line... if it broke thru I'd exit the trade expecting a reversal coming soon.
Only use Stochs between the 20 & 80 lines for entries or trade direction. Doing trades above the 80 or below the 20 lines will kill your account generally.
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