Candlesticks And Simple Moving Averages | MAY 2011
Gap Fill And Go by Jamie Theiss
Here’s a look at two trades using a strategy you can use almost every day. I'm going to show you two trades using a bread & butter strategy you can use almost every day to capture profits from the stock market. As you can see from Figures 1 and 2, I use candlesticks and moving averages on a five-minute time frame. I use the eight- and 21-period simple moving averages (Sma), which are displayed in green and blue, respectively, along with the 200-period Sma (red). Of course, eight and 21 are Fibonacci numbers. In addition, the 200-day Sma is watched by so many that it has practically become self-fulfilling. I call the technique the “gap fill and go.”
by Jamie Theiss
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