dear all....
i would like to have ideas and views of seniors and experience traders on the following ...
for a laymen who want to buy some stocks on eod basis and to hold it till the trend ends.. I mean trying to catch the trend in eod basis.. the best thing i think is ema.. now whats my thinking is two bigger emas like 50 and 100 ema cross overs decides a longer trend i suppose.. and small emas like 10 and 20 decides a short term trend .. now the idea is to buy at a small ema cross over with a condition that the bigger ema crossover is positive .. i mean buy when 10 ema crosses 20 ema with a condition that 50 ema is above 100 ema .. and sell when the 10 and 20 ema crossover in opposite direction ...
is this idea workable.. any good articles on this or some reference material .??
i would like to have ideas and views of seniors and experience traders on the following ...
for a laymen who want to buy some stocks on eod basis and to hold it till the trend ends.. I mean trying to catch the trend in eod basis.. the best thing i think is ema.. now whats my thinking is two bigger emas like 50 and 100 ema cross overs decides a longer trend i suppose.. and small emas like 10 and 20 decides a short term trend .. now the idea is to buy at a small ema cross over with a condition that the bigger ema crossover is positive .. i mean buy when 10 ema crosses 20 ema with a condition that 50 ema is above 100 ema .. and sell when the 10 and 20 ema crossover in opposite direction ...
is this idea workable.. any good articles on this or some reference material .??