Wednesday, September 14, 2011

For faster players

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:

No comments:

Post a Comment

Thank you for your feed-back