They also predict key turning points in the market and can help you protect your hard

won
profits for
each of the indicators and strategies.
We talk about or go through what the indicator is how to set it up what to look for on a stock
chart
and how to employ strategies with the highest percentage when Ray will use real world
examples.
how that's worked in the past couple of days on the hourly chart and this currency
pair we have across
the grain line here.
Well the pair was 110 84 the pair sold off.
We have \ EMEA.
So generally we're going to be using the cross signal along with another signal such
as a relative strength
indicator which we'll talk about later.
Or a candlestick matter.
So for your quick example to Candlestick patterns that go along with the imag will go
over these candlestick
patterns in more detail later.
But this pattern where we have a red candlestick murmured the red is the down
candlestick.
After a green candlestick and the red is larger It's a Barish engulfing pattern.
So if we see that pattern we're going to look for a cross to the down side to confirm
the pattern.
And here we have that cross down a pear tree down.
And here we have two candlesticks together that are about the same length.
The first one is a continuation of the downtrend.
So this is about an hour and then we have an hour that's an up hour just after the
down hour.
That matches this candlestick.
And this is a bullish pattern.
After we see a bull's candlestick pattern we're going to be looking for a cross to the
upside this will
be by signal here.
Remember with each trade that we place if we have a bicycle here we're going to
have a stop and depending
on our training plan it would be somewhere below this level.
I what I might do in this case is if we purchased here we may want to use this low
where candlesticks
indicated a turn and the pair has our stopping point as well.
And so we would not have been stopped out and the pair Radlick.
So that's how to use the EMJ on a short term time frame.
And Alice take a look at gave a pair of a daily chart for US stock.
Let's take a look at the daily VMA for the S&P 500.
This is a 50 and 200 day IIM-A which is fairly common for identifying long term
trends in markets and
stocks.
w with that let's get started