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EMAs/WMAs
MorningTrader,
2 questions : 1. What do you think about introducing the third EMA like a good filter, for example EMA 62 ? That means if 5 and 14 are crossing 62 that's a realy good signal. Actualy this is not my ideea, an ebook had been written about the EMA 5/13/62 system.
2. The 5 and 14 EMA cross is very close to 5 and 20 WMA cross which is a nice system developed by Bunny girl. Her third favorite cross is WMA 100. What Bunny recomends for the SL is the WMA 20 itself and she's also using a 20 pips filter from the cross.
Generaly the third EMA is good to be taken in consideration not only after it was crossed but before also, because it can be an important support/res line. To those systems I'd add the pivot points and Fibonacii lines, general trend lines and patterns and here we go !
Overall I'm realy happy to find experinced trader coming here to share from their experience, thank you. Val
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