Quote:
Originally Posted by lumesh
hi,
when looking several threads about trading systems i found that many are using moving averages in their technical analysis but everybody seems to use a different one. Of course most people are using EMAs but the difference are in their periods. Some trade 3-21, some 5-30 ...etc. etc.
My question is which one do you think is the most popular and does it differ in different timeframes ? thanks. I'm trading mostly on 30M timeframe so any reccomendations which MAs to use are welcome.
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Try a 5 period LWMA of close and a 6 period LWMA of the open...look for the crosses for entries...also look at higher time frames with this combination and trade the lower time frames if they agree with the higher.
This is just a crude overview of the analysis I use(I won't take every cross)