| Guppy Multiple Moving Averages (GMMA) Posted: 01 Feb 2010 10:25 AM PST  The GMMA, or Guppy Multiple Moving Averages, was developed by Daryl Guppy, an Australian trader. This multi-faceted indicator combines two different sets of moving averages. One set (the longer-term moving averages) represents long-term traders, and the other set (the shorter-term moving averages) represents short-term traders. There are several ways to interpret the GMMA, the most prominent of which has to do with looking at the separation of the moving averages as well as the separation between the two sets of moving averages. These separations reveal vital information on trend strength, both short-term and long-term, and potential impending changes in trend. For more information on this dynamic indicator, please click on the following link: http://www.guppytraders.com/gup329.shtml .
- James Chen, CTA, CMT * For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here.
* For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here. 
|
| Silver - Bounce off 16.00 Support Posted: 01 Feb 2010 08:42 AM PST  Price action last week on spot silver, a daily chart of which is shown, broke down below a rough head & shoulders pattern neckline as well as key support in the 16.70 price region. At the end of last week, price had reached the noted downside support target of 16.00, approaching the bottom support border of a key parallel uptrend channel. With a good bounce to begin this new week, silver has tentatively respected the 16.00 support level. Short-term upside resistance on this bounce tentatively resides, once again, in the 16.70 price region. For more technical analysis on silver, please click here for Monday’s (2/01/2010) Chart of the Day.
- James Chen, CTA, CMT * For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here.
* For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here. 
|
No comments:
Post a Comment