[fattonytp]

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.