Ummmmm, be very careful with your TA learning program. I'd really wish you would begin at an easier level and on daily's but yes for fast trades on lower time frames I only use an 8 and a 20 EMA's. There are many variants and all have merit in different ways but this is what works for me. On longer timeframes (daily's) I also have 50/ 200 EMA as well. Very important. In time you will find yourself with one screen set up for your fast trades, one set up for daily's and overviews and another for information. Then stick an Ipad in front of them all for socials.(to see what's being pumped)
This chart is an example for how they work and how they can identify entry and exits. I also keep a close eye on volumes as that's often a clue and also the way the sell stack is moving. (PA-very important)
For instance, I wouldn't have bought when the MA's crossed positive in circled area as there was little volume therefore no follow on.
I hope it's easy to understand, but seriously, be prepared to spend hours upon hours drooling over charts to become confident. And even then you should see the mistakes I make. Did it on FMG this morning. #@$#%$. I just find IMU incredibly easy to read for income trades but that'll change.
Cheers.
IMUGENE CHART. TA only, page-1177
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Last
6.0¢ |
Change
0.004(7.14%) |
Mkt cap ! $440.9M |
Open | High | Low | Value | Volume |
5.7¢ | 6.3¢ | 5.6¢ | $1.312M | 21.97M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 299223 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.1¢ | 450000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 296500 | 0.060 |
8 | 899945 | 0.059 |
10 | 1036582 | 0.058 |
11 | 2712529 | 0.057 |
13 | 718589 | 0.056 |
Price($) | Vol. | No. |
---|---|---|
0.061 | 450000 | 3 |
0.062 | 615032 | 6 |
0.063 | 702930 | 9 |
0.064 | 564497 | 6 |
0.065 | 1433916 | 15 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
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