Big Mike is absolutely right. Just trading a strategy of a 9 ema crossing an 18 ema probably won't work.
I am a scalper. I am only looking for a short term move, and then keep a runner open after capturing a small initial profit off 2 or 3 contracts after getting 8 ticks. So, keep that in mind for the below explanation of how I use moving averages to trade off of.
It helps me to have the 20/55 EMA on my entry chart. The 20 EMA moving average shows me the dominant trend relative to price. The 55 EMA shows me the longer term trend. That is all. By examining the relationship between these 2 moving averages, I can determine the overall market trend. If the 20 is above the 55, I look for buy opportunities. If 20 below the 55, I look for sell opportunities. If prices are trading between the 20 and 55, the market is neutral and/or changing trend.
But the basis for me for having the 20/55 ema on my chart is so I can identify support/resistance at the moving averages to enter trades. The secret is in its most basic form, "Support/Resistance" can be expressed in a simple two bar, red/green, combination. This is simple. And it works for me. Trading is about finding something that is comfortable for you. You need to find your own trading style. Trading styles will change as you learn and grow. But this is a very basic and simple entry strategy I learned and I still use.
From crude today, just a few minutes ago, see the simple two-bar "red/green" combinations at the moving averages that I have circled? This is why I put the moving averages on my chart. It is so simple. And it helps me just glance at a chart and know when to enter.
Once you start trading, the trick is the exit. Not the entry.
The following user says Thank You to jlwade123 for this post: