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Showing results for tags 'moving averages'.
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I’m just curious as to if it’s wise (or common) to place a trade when the action is below the VWAP. Say for instance you see an indecision doji and a trend reversal is starting to form.. or say a double bottom candlestick has formed and you see a reversal. Should trades such as these be taken? Thanks in advance.
Hi Would anyone be able to recommend books to read to better understand technical indicators? For example a book that will tell you 'when the 20 EMA is below the 50 EMA think about going short' or 'when the 20 EMA is above the 50 EMA think about going long'. Any books I've read so far have only touched on the subject, none have gone into much detail so any recommendations would be great! Darragh