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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: New Economy who wrote (4109)6/4/2000 10:07:00 PM
From: New Economy  Respond to of 4467
 
Thanks for the help. But, I found the inf. in Ch. 26 of Elder's Trading for a Living.



To: New Economy who wrote (4109)6/4/2000 11:08:00 PM
From: keith massey  Respond to of 4467
 
Personally I try and look at what the pros are using because this is what will move the stock in the end.

20, 40, 50, 80 and 200 SMA and EMA on daily charts
(note: 50 and 200 SMA/EMA most watched).

Intraday it is almost like flipping a coin... Lots of people use a 20EMA on every time frame and sometimes a 50EMA. Any shorter than that and you will get whipped all over the place in my opinion. Of course some people swear by 8, 14 and smaller and look for cross-overs but I don't find them of great use.

As for RSI - 14 and 21/20 on the daily, other than that I don't use it.

Best Regards
KEITH