Thursday, January 8, 2009

End-of-Day 01/08/09




The market awaits the Employment Situation Report tomorrow.
Charles

4 comments:

  1. hello there,

    what M.A. do you use in your Tick Chart ?

    ReplyDelete
  2. Hi Brutus,

    You 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

    ReplyDelete
  3. thank you Charles

    I trade bullish,bearish divergences of tick and price

    ReplyDelete