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Old 01-20-2007, 07:27 PM
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Re: ER2 and the 34ema

The angle of 34 ema is being thougt by woodie and gb007 at woodiescciclub... now what happens some times is that this angle gets flat during the exact pullback (test) and then it becomes steep again as it continues the trend to evolve... one thing I like is to put both 34 and 50 emas and if they are enough apart one from each other it means good momentum... some other tecnique I use to take the trade is using a 1/5 scale chart (ej: 233T / 47T )(Drummond concepts) and use some average croosovers on the smaller time frame where I can see more decompressed data to take the exact spot for the trade, If you only look at the 233T chart its hard to find the best spot on so compressed data, and it makes dificult to establish a competitive stop... I attach example of both scales working.... cheers Walter.
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File Type: jpg 34 ema reject.jpg (209.8 KB, 56 views)

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