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Originally Posted by MuddBuddha
I tried to use EMA @ 25,50,100 based on the strategy of another trader, but found it very risky.
The EMA's move to quickly from a enter signal to an exit without any real pip gain. Even combining them with Stochastics, P SARS, and B Bands does absolutely nothing on a 5 min. chart except throw away money.
More reliable to use the EMA's with P SARS and Stochastics on a 1 hour with a 15 min. verifier.
And that's about all I know about trading....
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Understood, and whatever works! I use an 8 period weighted moving average and 5 minute chart, since I am in and out frequently with a small profit target. I use the 30 min, 1hr, and 2 hr charts to confirm general direction and increase safety.