Appropriate use of Simple Moving Average?

Quote from murray t turtle:

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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:D :cool:

And like an old trader told me over 7 years ago=Moving averages??Fine, you better get more that that,LOL:D
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And like a fine trader told me once MTT;


Wisdom is profitable to direct :cool:

RN
 
I knew I was over speaking at the time I wrote "most good traders"

but so far this has been a pretty civilized thread (in spite of being called a "cesspool")

so I thought they would cut me some slack

my point to the OP was my opinion that it is dangerous to use any indicator as a rule for entry or exit

so far, I really liked Frank's reminder not to continually optimize your ma until it looks like you want it to look

and murray's observation that repeated failures to close above the 200 can be an indication of topping (or bottoming)

there's always somebody that wants to start an argument

I admit, I was wrong, I don't know what "most good traders" do
 
Quote from oldtime:


I admit, I was wrong, I don't know what "most good traders" do
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You may not be wrong, I don't know what most good traders do either. My point was that none of us knows for certain, nor does it really matter. I think the post by Daring was on target.

"Success is whatever works." - Bruce Lee
 
Quote from FrankSlaughtery:

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.
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Thanks
 
Quote from Redneck:

Hoping at some point this changes..., I like reading your posts

RN
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Totally agree, Redtank has posted some gems in the past, hope he reconsiders over time as it looks like he was just having a bad day.

You too Redneck, good contributor to the forums, like reading your posts as well.
 
Quote from Daring:

Totally agree, Redtank has posted some gems in the past, hope he reconsiders over time as it looks like he was just having a bad day.

You too Redneck, good contributor to the forums, like reading your posts as well.
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Thanks D

And that last post of yours in this thread is another Gem :)

RN
 
Quote from scotta65:

What are the pros & cons of using different lengths of SMA's? For example, would a long term trader be more inclined to use a 200 day SMA? Would a short-term flipper find a 7 - day SMA the most useful? Would someone who trades monthly options best be served with a 30 day SMA? Or would any trader utilize a combination of different lengths?

Sorry if these are stupid questions, I am really inexperienced with SMA's and want to learn more about them
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No question is stupid. The answer depends on how fast you'd like to transfer your account to market makers. If you like to transfer it fast, then you use a fast MA and you get over with it. If you want the pain to last longer because you are enjoying it, then you use a slow MA. If you want both, then you use a fast and a slow MA so you get the full satisfaction.
 
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