DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: shasta23 who wrote (6230)	12/30/1999 3:57:00 PM
From: F Robert Simms	Read Replies (2) of 18137

The friend that I learned it from has been evolving it during the last year some. The original system is similar to Oleman's sytsem from Advid. The 30ema34 determines the trend. Buy when the market bounces off of the 34 ema in the direction of the slope. Cover when you are over 20 points above the ema and stay flat until it comes back. Cover if a major reversal looks likely. Don't buy at the cross of the ema. Wait for a positive turnover of the ema before you use it as a trend. This hellps to avoid wipsaws. The ema sometimes will go flat for a while. Just ignore the ripples when it does that and stay with last trend. He modified it a bit and now buys at crossovers and looks for the 30 min bar to close over the ema to reverse trend. I hope it helps. Best Wishes, Bob

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