Hi Dan,
I'm not sure you checked my PM or not..Meanwhile I went through the video on non-linear charting setup which you posted(#53) earlier in this thread and after watching it again I realized that its all about identifying the overall trend of the market which is required for spread trading and not too much TA.
Thanks once again for this video.
https://optionvue.webex.com/optionvu...D35BBD0D2CAFE5
I have decided to follow the trend by using values mentioned in the video..
EMA's 13, 21 & 34
MACD 5 & 34
I will use the 3 bar and 5 bar method to enter the trade.
Just wanted to ask you about the exit...should we wait for all the moving averages to cross over? and by that we can say the trend is changed?
Thanks once again.
I'm not sure you checked my PM or not..Meanwhile I went through the video on non-linear charting setup which you posted(#53) earlier in this thread and after watching it again I realized that its all about identifying the overall trend of the market which is required for spread trading and not too much TA.
Thanks once again for this video.
https://optionvue.webex.com/optionvu...D35BBD0D2CAFE5
I have decided to follow the trend by using values mentioned in the video..
EMA's 13, 21 & 34
MACD 5 & 34
I will use the 3 bar and 5 bar method to enter the trade.
Just wanted to ask you about the exit...should we wait for all the moving averages to cross over? and by that we can say the trend is changed?
Thanks once again.
As my PM inbox was full, it seems that I accidentally also deleted yours. Sorry about that.
The webinar I posted to make people thinking and analyzing them self's about how much TA they want or use in there spread trading.
About your question: TA is good and common sense is better. Do you have the possibility to backtest the used MA's in your TF with your charting software? If so, you will have the best calculated MA's in that specific TF and now it is your decision to wait until all of them have crossed or if you want use your common sense to take a decision. Best you combine it, as in trendy markets it is ok to wait and in sideways markets you need to use your experience in price action readings. But I guess, this you already know and I only can support you in what you know.
If you have any more queries, my PM box now has again space. Take care and have a nice weekend / DanPickUp