yes I scalp as well, learning to cut those losers short now
Anyone use moving average indicators?
- Thread starter Saltynuts
- Start date
there are still a wide majority that use moving average and trading consistently
it all depends on finding you edge and trading it.
when i used moving averages on stocks they gave me better results on higher time frames
for example when I'm holding for a 2 weeks or more, it was defo very effective and gave good % returns
it all depends on finding you edge and trading it.
when i used moving averages on stocks they gave me better results on higher time frames
for example when I'm holding for a 2 weeks or more, it was defo very effective and gave good % returns
Monkey throwing darts will do well in strong bull market. Indicators, charting, coin flips, fundamentals, my experiences is if volume does not push it, price goes sideways or wrong direction.
There are recurring patterns for experienced traders that do well and for others the same patterns lose. Often times inexperienced skip trades or take signals that other rules would negate.
There are recurring patterns for experienced traders that do well and for others the same patterns lose. Often times inexperienced skip trades or take signals that other rules would negate.
%%
WSJ pattern =monkeys throwing darts/LOL
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HAVE to have some volume to make a market; but selling one house can be Very misleading/ i figure you know that\ but i want to remind myself+ others..............................................................
Will you please share how you use MA profitably?
I will be interested to see if tomorton responds to your request, and if so, in what fashion. My experience is that few ET contributors are all that helpful, either referring you to other posts, or opting for vagueness or indecipherable technicality in their answers.
I'm familiar with the tomorton handle, but apparently have never formed a fixed impression as to whether this trader is among the more respectful/serious members of this forum. If tomorton DOES answer you, I will be very interested in what this trader has to say in that I too use MAs exclusively...almost...since I also employ moving average envelopes.
I use MA's simply to confirm trends and to allow the strengths of trends on different charts to be compared objectively. If price is above the 20EMA, which is above the 50EMA, I will be seeking buy opportunities. MA's can be used in multiple ways to compare trends: e.g. the number of recent gaps between daily price bars and the 20EMA is relevant, as is the direction of the slope of the 50EMA.
I confess I'm only a casual user of ET, I spend most of my forum time at babypips.
I almost always end up posting whatever strategy I find useful either for my own current use or as a suggestion to absolute newbies.
Is there a babypips post you can reference or copy and paste (assuming that babypips is a formum... I'll go check as soon as I finish typing this entry) that you feel does the best job of summarizing all you do?
(For expiated's information... babypips.com is not a forum, but it does have forums.)