[malaguti]

For foreign exchange and commodity products, would it be preferable to use weekly chart or daily chart to perform the stage analysis?

From reading Stan Weinstein's book, in page 331, he mentioned that the same formations will occur on futures charts as on stock charts, but with futures the process is far more rapid. It's like playing a record that was recorded at 33 rpm at 78 rpm. You have to be much more sensitive and develop a short-term feel if you're going to stick your toe into the futures pit. This is not an area where you can check your prices only on the weekend. Daily contract is vital!

So, does using the weekly 30 EMA to define the stage still work for futures markets or it should strictly be applied to stocks only?

Thank you.

Fat Tony, you've almost made up your own mind it seems. Daily is vital to you.
What about the hourly, 5 minute charts why stop at daily as its moving so fast?
One thing I got from reading the book, is that its not prescriptive and its open to interpretation yet Stan gives us a methodology that works for him and gives us more and more clues to help things in our favour. Lo an behold it works for me too.
the 30MA on a weekly is used to HELP identify the transition from stage 1, to 2, to 3 and then 4. Why not pull up a chart that you want analysis on, and you tell US whether you can identify that transition using daily, with a 30MA.
Then do the same analysis using a weekly. Is it easier? You can make that call after reading the book yourself
Personally I am now able to identify these transitions on any timeframe, but they become more erratic sometimes the lower you go. But thats dependent sometimes on an individual by individual case and it might mean using a different period MA
If you'd like help in identifying the stages, pull up your chart, and lets start analysing it rather than dismissing the whole methodology based your view of the contract market (which at the end of the day is not actually going to be that dissimilar from cash prices)