The White Line on the 5-minute $TICK chart is the 38-Period EMA of (H+L+C)/3. The Green/Red Line is the 20-Period EMA of (H+L+C)/3. The Yellow line is the 2-Period SMA of (H+L+C)/3. I typically will use the 2-Period SMA (yellow) to trade short-term ups and downs of the market. The longer term averages are used to identify the longer term trend.
On the 620 tick chart, the MA's are 20 and 38-period EMA's of the close.
" I never blame myself when I'm not hitting. I just blame the bat and if it keeps up, I change bats. After all, if I know it isn't my fault that I'm not hitting, how can I get mad at myself?" Yogi Berra
"There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!" Reminiscences of a Stock Operator by Edwin LeFevre
"Creative persons differ from one another in a variety of ways, but in one respect they are unanimous: They all love what they do. It is not the hope of achieving fame or making money that drives them; rather, it is the opportunity to do the work that they enjoy doing." Creativity by Mihaly Csikszentmihalyi
"Be very, very careful what you put into that head, because you will never, ever get it out." Thomas Cardinal Wolsey
"I haven't trusted polls since I read that 62% of women had affairs during their lunch hour. I've never met a woman in my life who would give up lunch for sex." Erma Bombeck
hello there,
ReplyDeletewhat M.A. do you use in your Tick Chart ?
Hi Brutus,
ReplyDeleteYou may also want to review my post on 12/12/08 titled "Screens That I Use While Trading":
http://esanalysis.blogspot.com/2008/12/screens-that-i-use-while-trading.html
The White Line on the 5-minute $TICK chart is the 38-Period EMA of (H+L+C)/3. The Green/Red Line is the 20-Period EMA of (H+L+C)/3. The Yellow line is the 2-Period SMA of (H+L+C)/3. I typically will use the 2-Period SMA (yellow) to trade short-term ups and downs of the market. The longer term averages are used to identify the longer term trend.
On the 620 tick chart, the MA's are 20 and 38-period EMA's of the close.
Charles
thank you Charles
ReplyDeletethank you Charles
ReplyDeleteI trade bullish,bearish divergences of tick and price