using EMA
MAs (SMA or EMA) alone can not be powerful enough to make u profitable. There should be an additional indicator to analyze market movements. Similarly fundamental analysis is also necessary.
I know many traders will deny my opinion but in my opinion MAs can be used as supportive indicators and not the "only indicator" to trade.
Originally posted by SashaMAs (SMA or EMA) alone can not be powerful enough to make u profitable. There should be an additional indicator to analyze market movements. Similarly fundamental analysis is also necessary.
I know many traders will deny my opinion but in my opinion MAs can be used as supportive indicators and not the "only indicator" to trade.
Have u tried it with another indicator? If yes, how u used it?
The good or ill of a man lies within his own will. – Epictetus
Overall however do not trust indicators :-) just look at naked Price Action and Volume!
EMA are very good fro trading and specially 20 - 200 EMA can be used for trading and can get better results for a trader .Also they can be used on different time frames .