This template contains indicators and alerts similar to the charts being posted
by Jimmer in the Bline room. The purpose of the template is to highlight the
following setups:
1) Jimmer MOF - the first band touch after the slow stochastic (21) has crossed,
preferable from an overbought/oversold position.
2) 9/30 setup - information on this setup can be found below:
http://www.efuturevision.com/em930.php3
9/30 Entry Setups
This section addresses 9/30 entry setups. Also those who focus their decisions almost exclusively on price bars should find it helpful.
There is a conservative and an aggressive setup for both the buy and the sell
entries. The guidelines are straightforward.
Please note that Jimmer is now
using a 9SMA for the following setups.
SELL:
The 9 period exponential moving average (9EMA) must be below the 20 period exponential moving average (20EMA) or 30 period weighted moving average (30WMA).
The AGGRESSIVE sell entry requires a close above the 9EMA. A sell stop is placed one or two ticks below the low of the bar that closes above the 9EMA.
The CONSERVATIVE sell entry requires that a complete price bar form above the 9EMA. The sell stops are placed at or just below the 9EMA value.
BUY:
The 9 EMA must be above the 20EMA or 30WMA. I prefer the 30WMA.
The AGGRESSIVE buy entry requires a close below the 9EMA. Buy stops are placed one or two ticks above the high of the bar that closes below the 9EMA.
The CONSERVATIVE buy entry requires that a complete price bar form below the 9EMA. Buy stops are placed at or just above the 9EMA.
Generally, the safest or most reliable entries occur the first time there is a crossover of the moving averages. It also puts one in an early position to catch a trend if the swing reversal is missed.