MA setting doesnt make a difference, 18 is not really better than 20, or the ones I use or vice versa, pick a set, stick to them, and master them, remember that flat and no position is sometimes what they tell us to do.
MAs are the most used technicals indicators and the least understood...
Flip through timeframes until you see price making sense on your MA and/or volatility bands, until you got it well defined, dont force it, let it speak to you.
I typically use channels and the 40/120 Front Weighted moving averages to determine the overall market trend in the S & P 500 using the weekly timeframe.
Starting with the moving averages....
Earlier this year we had the short term trend, 40, cross the 120 down, and in range like fashion, such...
Time to update this thread.
The case for no new all time highs this year has gotten stronger, but too early to tell if those who voted for them are in the wrong.
After the BREXIT event anything is possible, time will tell.
Never short red, short green, sounds simple and stupid, but it works wonders if you get the direction right, which if you think about it, isnt the hard part, risk management and exits are.
Have a good weekend people, those Monday puts did wonders.