MP -- AH REVERSALS, not so blinking hard !!
a number of methods, from zigzags (which dont really repaint on the smaller timeframes) to the ever popular MA x-over, but one simple one is the EMA 2 and the SMA 5 x-over, coupled with the 5/2/3/ stochastic !
trade the xover when the stochastic is moving down at 80 or up at 20 on the shorter timeframes for scalp pippage, and double the values (or experiment with the values to suit your own palatte) for the larger timeframes.
Its truly the simplest method although highly accurate and a part of the larger series of indicators I use constantly.
enjoy and trade well
mp
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Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages !
As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !!
Last edited by mp6140 : 06-21-2008 at 06:17 PM.
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