Popular trading system

This is a discussion on Popular trading system within the Technical Analysis forums, part of the Methods category; Found this earlier, just wondering, what is EMA? ADX of 30+ Price pulls back into the 20-day EMA Buy(Short) when ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jan 18, 2009, 5:34pm   #1
 
Adamus's Avatar
Joined Mar 2008
Popular trading system

Found this earlier, just wondering, what is EMA?

ADX of 30+

Price pulls back into the 20-day EMA

Buy(Short) when it breaks previous days high (low) and place stop at previous days low (high)

Sell (Cover) when it hits previous swing high(low)
__________________
What matters most is how well you walk through the fire.
Adamus is offline   Reply With Quote
Old Jan 18, 2009, 5:38pm   #2
The Staff are paid members that perform various roles such as editorial, advertising, support or technical work.
 
Trader333's Avatar
Joined Jan 2003
EMA = Exponential Moving Average


Paul
Trader333 is offline   Reply With Quote
Old Jan 18, 2009, 11:27pm   #3
 
Adamus's Avatar
Joined Mar 2008
Adamus started this thread Thanks.

Just because I'm not much of a TA geek, "selling(cover) at the previous swing high" means the target is the previous highest high, in other words, to find the 'previous swing high' you would step backwards bar by bar from the entry bar until you hit a bar whose high is lower?
__________________
What matters most is how well you walk through the fire.
Adamus is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Popular Hedge-trading system alphaone Forex 1 May 2, 2009 6:03am
popular scans saltzy57 First Steps 0 Jul 20, 2008 5:32am
Popular Indicators Used Chorlton Discretionary Trading 7 May 7, 2006 10:40pm
Selling 7 of the most Popular Books on Trading mrchuffster The Foyer 6 Feb 21, 2006 6:21am
Most Popular markets to trade? Pippppin Indices 0 Jun 24, 2005 11:52am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)