#3 Range-bound trading (34 EMA + 5 EMA)
Submitted by Edward Revy on December 17, 2009 - 17:56.
Many systems start with words: "I’ve been observing charts for a while, and suddenly an idea popped up in my head". Same was with this one for me. I’ve been looking at charts, in particular at moving averages, and came up with a trading plan to foresee upcoming ranging markets.
This is the earliest detection of a ranging market known to me, and I’d like to share it with you today.
Trading rules:
Read entire post >>>
Dear Mr. revy ,
i am thankful about yr articles. i think they might take my fear of keeping positions in trading markets once i suspect the range bound according ye 34/5 ema article.
please send me yr email adress : i want to follow you in tweeter or to buy yr recommendations .
my email:
light_sunny()hotmail.com
Hello Sunny,
Thank you for your feedback!
I don't, however, send any trading signals, and I never offered these
services before. I share strategies and help traders by answering
their questions.
Happy trading!
Edward
This is exactly what I have been searching for, thank you so much for this! Happy Happy
So simple yet so brilliant.
The first MA crossover can also be taken as a bearish signal...
IMHO, the first MA crossover should not be taken as an indication of a ranging market. I would have waited for the second MA crossover (after June 6th). This dramatically increases the probability that market is ranging since the second MA crossover happened after only a few time periods after the first one.
Post new comment