Trade Setup Using Moving Averages on a Tick Chart

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Trade Setup Using Moving Averages on a Tick Chart

  1. 1. Trade Setup Using Moving Averages on a Tick Chart Candlestick Chart Profits Training Series ***go to www.informedtrades.com for full transcription*** 0:00:14.000,0:00:27.000 How are you doing today, guys? Ektrader here. It’s July 8, 2009 at 10:32 am I just wanted to show you guys what I’m doing right now. 0:00:27.000,0:00:35.000 This is the Russell 2000 Index Mini-size Futures on the 1600 tick chart. 0:00:35.000,0:00:48.000 And what I have up is this is one of my favorite plays, what I like to do. I know you guys might see a lot of lines and everything, so it might not be clear, but, you know, whatever. It’s what I like to do, so 0:00:48.000,0:01:00.000 I’m not worried about the MACD on this particular play. I just have it on a chart. But I have my volume up. I have my candlestick chart. 0:01:00.000,0:01:15.000 And the basis of this play is these particular two moving averages. What I like to see is a close above or a close below both moving averages. 0:01:15.000,0:01:29.000 When I see one of the two, I take the retracement back to the first moving average, and then I go into the direction of the candle. 0:01:29.000,0:01:46.000 So, in other words, for instance, this closed lull, I put a sell order, a short order, here, OK? My trade cart, it went up, it went down, it went up, then it decided to go back up 0:01:46.000,0:01:52.000 Now, I always put my stop loss usually at the second moving average, which is here. 0:01:52.000,0:02:05.000 So, on my last play I ended up getting stopped out right here for a small loss, no problem. Then it turned around on me and closed … Video Rating: 3 / 5 Tags: Averages, Candlestick Charts, Chart, Moving, Setup, tick, trade, using Read More: Trade Setup Using Moving Averages on a Tick Chart 1/1Powered by TCPDF (www.tcpdf.org)

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