How many of you think Moving Avg is best indicator.

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Permalink Reply by Glen Marquis on November 21, 2009 at 7:09am

I trade off the EMA 8,21 & 50 .

Pay attention to how the market / instrument behaves at the EMA50 !

When the 8 closes below the 21: Short the instrument
When the 8 closes above the 21: Buy the instrument
(You may prefer simply: at the point where the price-close breaches the 8 & 21 instead of waiting for the 8 to breach in that direction)

Exit at the EMA50 / take half of position off / add to the trade on breaching the EMA50 / move Stop to min profit !

I further use the Simple MA 200 to gauge direction, if the 200 line is already slaunting down or just pointed downwards I would not take any long positions and vice-versa.

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Permalink Reply by Marek Pawlewski on January 13, 2010 at 3:55am

Hi,

I've been swing trading for quite a few years now and there is no doubt in my mind that trading flag signals gives the best profit. I've started a new blog explaining how to trade flags successfully.

See - http://stockflags.blogspot.com

Marek.

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Permalink Reply by Strato Jr on February 27, 2010 at 11:39pm

I totally agree with you my friend moving avg and Candle Sticks.

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