yes just on the daily but that's b/c i swing trade and that's the appropriate time frame for me. if i was position trading i would def use the sma (same ones 20, 50 and 200) on a weekly chart.
Appropriate use of Simple Moving Average?
- Thread starter scotta65
- Start date
yes just on the daily but that's b/c i swing trade and that's the appropriate time frame for me. if i was position trading i would def use the sma (same ones 20, 50 and 200) on a weekly chart.
appropriate use is not use at all.
Any you traders ever stop to consider â a sma/ ema/ lines/ indicators/ whateverâ¦
Is simply context⦠and as such does not constitute a set up - or reason to trade
Apparently notâ¦.
Context is simply a road map⦠it is not the destination
------------------------------------------------
Personally â I like contextâ¦.. but then I also know everything works⦠and everything does not work â at times
Price and volume not withstanding of course
argue on
RN
Is simply context⦠and as such does not constitute a set up - or reason to trade
Apparently notâ¦.
Context is simply a road map⦠it is not the destination
------------------------------------------------
Personally â I like contextâ¦.. but then I also know everything works⦠and everything does not work â at times
Price and volume not withstanding of course
argue on
RN
yes, that's why I said, most good traders don't actually use an MA (or any other indicator for that matter) but some become experts in observing them. Especially when price behaves abnormally.Quote from Redneck:
Any you traders ever stop to consider â a sma/ ema/ lines/ indicators/ whateverâ¦
Is simply context⦠and as such does not constitute a set up - or reason to trade
Apparently notâ¦.
Context is simply a road map⦠it is not the destination
------------------------------------------------
Personally â I like contextâ¦.. but then I also know everything works⦠and everything does not work â at times
Price and volume not withstanding of course
argue on
RN
Having an open mind helps tremendously when participating in public forums related to trading and/or technical analysis.
I know successful traders using:
Indicators
No indicators
PA
No PA
Statistics
No Statistics
Adding to winners
Adding to losers
Not adding
Scaling in
Not scaling in
Completely Automated
Semi Automated
Totally Discretional
Stocks
Futures
Forex
You get the idea, who the hell is anyone to be the authority of what should be used or not used ?
It's all very personal.
Some people can many anything work others cant make anything work.
Trade and let trade instead of being so judgemental of others.
I know successful traders using:
Indicators
No indicators
PA
No PA
Statistics
No Statistics
Adding to winners
Adding to losers
Not adding
Scaling in
Not scaling in
Completely Automated
Semi Automated
Totally Discretional
Stocks
Futures
Forex
You get the idea, who the hell is anyone to be the authority of what should be used or not used ?
It's all very personal.
Some people can many anything work others cant make anything work.
Trade and let trade instead of being so judgemental of others.
==========================
Good points on price;
volume.
As far as your moving average comments;
thats good,also,, not that i agreew with that.But disagreement is good also;
too many on one thing can goof it for awhile
And like an old trader told me over 7 years ago=Moving averages??Fine, you better get more that that,LOL