Guppy MMA
Wednesday, January 3, 2007
Guppy MMA are extremely important to my trading style. For the past 6 months I have been trading using Daryl Guppy's 'Trend Trading' technique to trade the ASX. Multiple Moving Averages are important in this strategy to determine the trend of a stock.
Gupp MMA consist of 2 groups of EMA's. The first group know as the 'short term' group consist of 3, 5, 8, 10, 12 and 15 day EMA's. The second group consist of 30, 35, 40, 45, 50 and 60 day EMA's.
There are numerous ways to trade this type indicator but I only use to to determine the trend of a stock. I find this the fastest way to determine if a stock is a potential trend trade without requiring me to draw trend lines.
Below is an example of Riversdale Mining Limited (ASX:RIV) 
The current aim of the Market Ninja software is to scan the entire market for this type of situation. My current scan looks for any stock with a separation of the 15MA and 30MA of 4% or more with volume greater than 300,000. I'm currently alternating between stocks above 50c and below to try and determine what I find as the best opportunity to trade.
In later posts I will discuss the count back line that I also plot before determining the strength of the trend.
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7 comments:
Hi Allen,
What screener do you use to screen 4% diff in 15 and 30 ema. My email is gauri.wooldridge@hotmail.com
I am fan of guppy like you very visual indicator.
Thanks for your help
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