Using Moving Averages Strategically for Day Trading
This article was written just for us by Marc Nicolas from Tradingemini.com and it covers the importance of moving averages in day trading. It’s a pretty interesting article for all day traders, and if you’re interested in trading the e-mini in real-time should check out Marc’s site today! All comments and questions are welcome.
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By using moving averages as dynamic support and resistance you will equip yourself with a very powerful tool to prepare before the market opens and provide yourself with a blueprint to catch the major moves in the first couple of hours trading before the market becomes choppy over lunchtime - being prepared means you take high probability, strategic trades, rather than reacting emotionally to minor market moves.
The basic technique is to use a synergy of the same period length Exponential Moving Averages (EMAs) across multiple long time frames, for instance, Weekly, Daily and 60 minute charts (on a 24 hour basis).
“Saturday Seminars”- Simpler Is Simply Better — Getting Down and Dirty in the Real World - Part 3
Stewart shares many of his basic daytrading rules and observations. Simplifying the decision process removes many of the psychological impediments involved in placing an order and frees valuable time for trading. Fifteen years of real-world trading and advising have convinced Stewart — and will convince you — that simpler is simply better.
PDF Workbook
Stewart Taylor began his trading career sixteen years ago by trading basic patterns and breakout strategies. These simple strategies evolved into complex day-trading strategies utilizing Elliott Wave and intraday cycles. Stewart’s trading style has come full circle, and he is now a leading proponent of the “simple is simply better” approach. Stewart developed his analytic abilities as an institutional broker serving the fixed income community with Brittenum & Associates, Refco, Vining Sparks Securities, Shearson Lehman, American Express, and Prudential Securities. In 1992, Stewart formed Taylor Consulting, Inc., and began publishing his market letter, The Taylor Fixed-Income Outlook.
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