As a follow up to part one we again look at some of the simple aspects of technical analysis trading that can keep you on the right side of the track.
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This time we use Fibonacci series moving average numbers of 13 and 34 to gauge which way momentum is headed.
We look to remain bullish as long as the 13 week moving average has already given a bullish crossover above the 34 week moving average.
We don't look to short any instrument until we see momentum turn negative when the 13 week moving average under cuts the 34 week moving average.
Obviously we can use other simple techniques to further narrow down on entry/exit points since this 13 x 34 week crossover method gift late BUT mostly reliable signals.
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TD Ameritrade Holding Corp.
NASDAQ: AMTD
$AMTD
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