Gene
05-21-2005, 08:16 PM
ANOTHER WAY TO DETERMINE THE TREND
For trading futures EOD, it is possible to determine the major trend by using 30 day WMA:
-if the market closed ABOVE the 30 day WMA line for at least 2 consecutive trading days, the trend is considered UP;
-if the market closed BELOW the 30 day WMA line for at least 2 consecutive trading days, the trend is considered DOWN.
But...no tool is working perfect, and using them is at one's own risk.
Have a good trading.
Gene
For trading futures EOD, it is possible to determine the major trend by using 30 day WMA:
-if the market closed ABOVE the 30 day WMA line for at least 2 consecutive trading days, the trend is considered UP;
-if the market closed BELOW the 30 day WMA line for at least 2 consecutive trading days, the trend is considered DOWN.
But...no tool is working perfect, and using them is at one's own risk.
Have a good trading.
Gene