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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: fftrader who wrote (3931)	9/14/1999 12:22:00 AM
From: Paul Viapiano	Respond to of 18137

Paul V, You mentioned that you "started off trading just 5 EMA crosses of the 21 EMA on daily charts." My familiarity with MA's ( from investing )mainly has been with the 50 day and 200 day . I notice that the IQ charts(the service I have) are set with a 5 EMA and a 15 EMA in all time frames(i.e. 1min,5min,30min., etc.).How does one determine the optimum EMA periods(or whatever they are called!)to use for crossing over line comparisons? Are these standard ones that are on the IQ charts OK ? fftrader, IQC's free charts on their site use 5 and 21 EMAs on their daily charts or at least they did when I was using them. I found these to be very good for position trading in a trending market or individual stock. The buy signal would be when the 5 crosses the 21 but don't chase the price if it makes a big move upon the cross. You can use the same time periods for intraday trading...some stocks seem to work extremely well with them, but getting to know their personality is key. 50 and 200 day MAs are good for measuring support levels but useless for trading crosses as you can imagine. Paul