Looking Good, page-34

I posted the charts here as a follow up on my previous analysis. I can post on the Chart Thread in future.

When I trade the Mean on this setup I'm watching the moving averages. 7ema and 18 ema. Many use different periods, Its all relative to the individual and there really isn't one better than the other. It's about your understanding of the concept behind the indicator you use. I also use a VWAP, more so when trading fast markets such as Indices, (ES), and oil (CL) using tick charts.

In a market, there are 3 basic states. Impulsive, Consolidation, and Corrective, When using mean revision methods in trading one is looking for entries around the corrective structure, not trading the Breakout as that's Impulsive.

Hope I've explained that well enough.

Cheers.