Since market is trading in range lately, using EMas crossing on shorter times frames still gives good results.
Since I assume you have a job and don't have time to stay all day in front of computer I tried to avoid talking about short and ultra-short time frames. They could make you handsome profits but you must be aware that with faster time frames came more whip-saws.
First let's have a look at SPX on 5 minutes chart (you can use the same EMAs or even a little bit lower on 1 minute chart for day trading).
One word of advice, if you buy on a certain time frame be sure to sell on the same time frame. Don't buy on 5 minutes chart then sell based on daily chart.
Now let's have a look at two stock that just gave a "buy" signal on 5 minutes chart.
And a bearish crossing:
Since I assume you have a job and don't have time to stay all day in front of computer I tried to avoid talking about short and ultra-short time frames. They could make you handsome profits but you must be aware that with faster time frames came more whip-saws.
First let's have a look at SPX on 5 minutes chart (you can use the same EMAs or even a little bit lower on 1 minute chart for day trading).
One word of advice, if you buy on a certain time frame be sure to sell on the same time frame. Don't buy on 5 minutes chart then sell based on daily chart.
Now let's have a look at two stock that just gave a "buy" signal on 5 minutes chart.
And a bearish crossing:
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