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Hi guys, i apologize if this is a dumb question. At this point i've literally spent 100's of hours on the course and the books but i just do not recall this being discussed anywhere
The 20 ema's location obviously changes depending on whether premarket data is turned on or off. With pre market data turned off the price could be above the 20. With it turned on it could be below. My question is in regards to how Al teaches is it only really useful when the pre market data is turned off because from most of the slides that seems to be how he's using it.
I know its meant to be a supportive indicator. I'm at this weird point where i'm constantly struggling with whether or not i need to leave me pre market data on. I hate it and i wish i could get over it. I just feel like if i leave it off i'm going to miss vital information. Theres information to be gathered from having it on and off and it just seriously changes the way the chart looks.
But back to my question. In terms of using it as a supportive indicator should i leave the premarket data off?
Basically what i'm asking is when hes teaching in regards to trading around the 20ema and things that you want to look for. Is he always referring to the 20ema with premarket data turned off? I just do not remember him mentioning this. Because it completely shifts the perspective of where the moving average is depending on which you have turned on.
Hi Chris,
Yes Al's teachings are with pre-market data turned off. The only use of pre-market (Globex) data is just to see where the overnight high and low levels are, but that's about it.
I do know traders who make use of pre-market data with EMA to base trades off. However, it's not necessary to use pre-market to be successful with BPA.
I suggest turning it off. Don't worry about "missing" anything. There's 3 books, 200 course videos and years of webinars to spend time on. You'll be occupied for a long time so no need to add overnight stuff into the mix. Simply adhere to pure BPA exactly as taught by Al Brooks and you'll be rich in no time (min 2 years).
Hope that helped!
CH
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Thanks brother i appreciate your reply.
Thanks for Clarification !
