Hit and Run Candlesticks Frequently Asked Questions
Q. What is the T-Line?
A. The T-Line is the 8 Exponential Moving Average. The “T” in T-Line stands for Trend Line and or Trigger Line.
Q. Can use the T-Line in a intra-day chart ie. the 5min?
Q. What Stochastic do you use?
A. I don’t normally use Stochastic as a trading indicator but more as a broad indicator, 12.3.3 is the standard and at times I might play around with the 5.33
Q. What are your favorite set ups?
A. Rick’s Trap, PBO’s (Pull Back Opportunity,) J-Hooks, Double Bottoms, Pin Ball and Rounded Bottom Breakouts
Q.What moving averages do you use?
A. For the daily chart my standards are: 2ema, 8ema, 20sma, 34ema, 50sma, 200sma
Q. Do you use the same moving averages for intraday?
A. I use the 2ema, 8ema 17ema 20sma and 200sma
Q. What Intrday Charts do you use?
A. 15min 30min 60min are are my favorites
Q. Do you Scalp, Day Trade or Swing trade?
A. Yes! I do all 3, I believe a day trade or a scalp should come from a good Daily Swing Trade chart. I am what I consider a PROFIT TRADER
Q.What is the swing low & swing high?
A. The Swing Low is when the 2ema crosses up through the (T-Line/8ema) creating a Swing Low buy signal and a Swing High is when the 2ema crosses down through the (T-Line/8ema) creating Swing Low sell.
Q. How may monitors do you use?
A. Currently 5
Q. Why do you use the SPY and SP-500 over the DJ-30
A. I feel the S&P-500 is a better gauge of the market compared to the 30 stocks in the DJ-30