Now look at this daily DOW chart. See that little white line. See the two bounces off it.Apparently it works both ways.
Oh yes, the little white line, it's a 34 EMA.
Showing posts with label 34 EMA. Show all posts
Showing posts with label 34 EMA. Show all posts
12/01/2008
That Little White Line
Remember those heady crude oil days. Ah the memories. Have a look at this old daily crude oil chart. See that little white line. See all the bounces off it on the way up.
Now look at this daily DOW chart. See that little white line. See the two bounces off it.
Apparently it works both ways.
Oh yes, the little white line, it's a 34 EMA.
Now look at this daily DOW chart. See that little white line. See the two bounces off it.Apparently it works both ways.
Oh yes, the little white line, it's a 34 EMA.
7/30/2008
Trading Crude Oil, Again
The barrel count is usually a nice day to trade and today was no exception with most signals offering good follow through.
I was using the 3 minute chart with the 34 and 89 EMAs for direction and waited for the 34 to get on the trade side of the 89 before taking any signals on the range bar chart.
Today's entry signals on the 16 tick range bar chart.
(click on charts to view)
I was using the 3 minute chart with the 34 and 89 EMAs for direction and waited for the 34 to get on the trade side of the 89 before taking any signals on the range bar chart.
Today's entry signals on the 16 tick range bar chart.
(click on charts to view)
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