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Burton52
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Any EMA will be a lagging indicator you will never get the top or bottom of a cycle but can be profitable. That said, here is my trading plan: I use two EMAs. A 4 period and a 12 period. I also use a MACD with a setting of 6 - 18 -6. If I am bullish: When the 4 crosses ABOVE the 12 I buy 60-70 delta calls 40 - 60 days out. I buy equal numbers and if the MACD crosses down I close have the position and I sell the other half if the 4 crosses the 12 down. If I am bearish I do the same type trade buying puts wehn the 4 crosses BELOW the 12