Trading the big picture
"Look at the big picture...
Define your setups to take within the big picture... Have the patience
to wait for them... Know the ones to hold for a position trade and the
ones to use for a short term trade... As always, risk control and money
[pearls dropped by FL in online chat on 2/7/2005]
The charts listed below show the 9-day EMA approximated on 3m charts as a trend indication. The faster EMA's represent the 1-day and 2-day. As a guideline for swing-trading and campaigning, trade in the direction of the 9-day average. Pullbacks to the area of the 9-day or past it are candidates for position trades. Smaller pullbacks to the faster EMA's are short-term trades: