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Elliott Wave International

Where could I find more infos about GMMA strategy, except of Kevins video? Thank You.

Frank Grof  |  Sun, 11/08/2013 - 12:36

I would like to start with this strategy for long term trading daily candles.
Is there a forum or detailed description of this technique? Is anybody actively using this strategy? Thank You very much for answers.

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Answers

Kevin Barry  |  Sun, 11/08/2013 - 14:05
Kevin Barry's picture

Hello Frank,

Thank you for your question.

The MMA is very good trend-following method, which I use for my longer-term position trading. The drawback is that, like any other MA-based strategy, it will not behave well in a sideways market. To trade this type of strategy, it is necessary to be fully commited and take every signal because the bulk of your profit will come from a relateively small number of trades.

For further study of the MMA, I would recommend the Daryl Guppy book called Trend Trading.

You can also get more information on Daryl's website here.

I hope it helps.

Best Regards,
Kevin

Frank Grof  |  Sun, 11/08/2013 - 15:07
Frank Grof's picture

I ordered a book already. A big thank You Kevin...

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