I am learning Technical Analysis.
5 day EMA is moving above 20 day and 50 day EMA.
MACD is above zero and trend line crossover has already open?
Is it a buy at current levels and hold for 3-4 months .As stochastic momentum index is in overbought territory?
Do i need to use more indicators?
I am confused is it worth entering in Trade if yes )when to enter?
No
I prefer ADX as well
Change your time frame
Others might disagree with me, but I use 52, 104, 208 WMA’s not EMA
Moving Averages are Sufficient for Swing Trading, Positional Trading And For Long term.
This Uptrend will Continue Untill RED EMA will Cross GREEN EMA.
Learning time - Can you name the charts used in here with values, also is it 1H and 1 month selected on the chart ?
Can you elaborate your strategies with charts and examples?
https://tradingqna.com/uploads/default/original/2X/9/980f6226fe1e056be74fc593dcaf83a5f1229602.JPG
This is how my chart setup looks like, and it works pretty well for me (Whole setup is made using weighted calculation not exponential, simple etc…)
Original post: Please Help me..i'm a beginner in stock market (Comment no. 35)
Hi Ashish,
I Have few queries.
When do you enter in trade and when do you exit?
As per my understanding
Here are the things which i have got
For Buying
Is this your setup for swing trades/Positional trades or for long term ?
Am i right?
i am missing something
What MA’s are you using?
Watch on youtube, it’ll help you
For me ADX is must
Yes, I do consider oversold/overbought condition but at the same time, I also look at the slope of the indicator.
If you have studied mathematics at higher level, you can easily understand bb methodology.
