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Old 06-25-2009, 05:57 PM
joesmoe joesmoe is offline
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Quote:
Originally Posted by juchu View Post
Id like to contribute with adding SMA 40(white on screenshot) and 20(blue) to the chart instead of 100SMA. I also check trend on bigger timeframes like Joesmoe mentioned, and only trade when SMAs are parallel (sort of) SMA 20 is under 40 for short and vice versa for long and pointing in the direction of the trend previously determined. It seems to me, it is stronger than MACD (look at the screenshot to see how MACD is changing its direction, while SMA is sort of telling me I dont need to worry about it right now). If the price reaches or crosses SMA40, I dont trade anymore.
Maybe I miss some oportunities, but have quite a nice success rate using it.
juchu,

Thanks for the contribution. Let us know how that goes for you. If it ends up good or bad let us know.

Thanks agian,

JS
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