How many of you think Moving Avg is best indicator.

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Permalink Reply by Harnihal on September 28, 2009 at 10:11am

Yes Justin i have tried it but i find this setup alot better.

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Permalink Reply by Andre Setiawan on October 1, 2009 at 1:11am

Indeed. I've been revisiting this MACD 12,26,9 recently and see that even with this indicator alone everyone can make something out of the markets. However, one thing that cannot be replaced by rigid application of any indicator is judgement. Also MACD is actually a way to interpret the standard moving average indicator. So practically, it's just based on the same concept.

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Permalink Reply by TradingHelpDesk on September 28, 2009 at 10:14am

I use 20, 50, 100 and 200 Day moving average combined with RSI. It's a useful starting point for more in depth analysis.

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Permalink Reply by Harnihal on September 28, 2009 at 12:52pm

That is a good system check out 65 Day moving average a very good support and resistance

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Permalink Reply by Crude Oil Trader on September 29, 2009 at 9:27pm

There is no one best indicator. Every trader I have worked with has their own unique style of combining all of the common indicators. Combine that with their own twist [the amount of days used in the average, etc] plus their own ideas on market psychology for a trade. Of course it makes a big difference if you are swing trading or day trading also. Surely we aren't talking about long term investing. ;] 400 day moving average?






http://crudeoiltrader.blogspot.com

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Permalink Reply by Harnihal on September 30, 2009 at 1:51am

I stand corrected...i should have said one of the best :)

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Permalink Reply by OttPhoenix on September 30, 2009 at 1:26pm

almost all indicators in the Technical analysis field are moving averages of one type or another.

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Permalink Reply by Beth on October 5, 2009 at 2:53am

Welcome! I'm new to trading, old to the forum. So... I have a question... whats a moving average?

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Permalink Reply by Harnihal on October 5, 2009 at 3:12am

You have alot of learning to do Beth...about moving average read the following link

http://stockcharts.com/school/doku.php?id=chart_school:technical_in...

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Permalink Reply by Beth on October 6, 2009 at 9:54am

I know! I'm kind of a trading bimbo... still working on learning it... Thanx!

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Permalink Reply by Stockwash on October 6, 2009 at 10:31am

The best Indicator is the one you know very well. All indicators are good if you learn how to read them.

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Permalink Reply by Gekko ✫ Starr on October 6, 2009 at 12:33pm

I'll second that logic.

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