Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Dr. Stoxx who wrote (6635)	4/21/2000 3:19:00 PM
From: sammy	Read Replies (2) of 39683

Hi Thomas and all on this thread I ran across this great thread and started reading some posts and found this strategy very interesting. Although I've read and heard about ma crossovers, I've never utilized this technique in trading. Looking at your most recent trade: SCH closed its short for a small loss (0.25). It is now long from 44.5 I'm trying to understand what happened. Looking at the hourly chart with a 5 ema/8 ema, it looks like the emas are in perfect overlap since mid 4/19. Shouldn't a long position wait until the 5 ema clearly moves above the 8 ema? Schwab's daily clearly shows a downtrend. If anyone would like to comment, it would be appreciated. Thanks. Sammy

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