welcome
How many of you think Moving Avg is best indicator.
Hello everyone,
I am new to this forum and this is my frist post.
I have blown a lot of money on trading systems and paid indicators..the more I get into techinical analysis, the more I think there is nothing better than moving averages.
Cheers!
I am new to this forum and this is my frist post.
I have blown a lot of money on trading systems and paid indicators..the more I get into techinical analysis, the more I think there is nothing better than moving averages.
Cheers!
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Dell Daily.bmp, 2 MB -
WMT Daily.bmp, 2 MB
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CAT daily.bmp, 2.1 MB
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Replies to This Discussion
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Permalink Reply by Andre Setiawan on -
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 -
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 -
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 -
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 OttPhoenix on -
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 -
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
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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
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I know! I'm kind of a trading bimbo... still working on learning it... Thanx!
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Permalink Reply by Stockwash on -
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 Glen Marquis on -
I trade off the EMA 8,21 & 50 .
Pay attention to how the market / instrument behaves at the EMA50 !
When the 8 closes below the 21: Short the instrument
When the 8 closes above the 21: Buy the instrument
(You may prefer simply: at the point where the price-close breaches the 8 & 21 instead of waiting for the 8 to breach in that direction)
Exit at the EMA50 / take half of position off / add to the trade on breaching the EMA50 / move Stop to min profit !
I further use the Simple MA 200 to gauge direction, if the 200 line is already slaunting down or just pointed downwards I would not take any long positions and vice-versa.
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