Different triple MAs?

[murray t turtle]

Quote from spike500:

You will always be running behind the facts .......

MA's are only valid in the long run and to take parts of the big trending moves. They are not very efficient.

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Dac8555;
Spike 500 has some good points.

And would add;

#1]Numbers are the same in english/spanish

2]''Behind the facts'' may work out fine;
just don't try to make moving averages do all the work,
moving averages don't work , you do the work.

2.50]Like a 50 day ma is useful in the sense that Investors Business Daily/institutions like them & they help id main trend;
and slightly more risky/rewarding, noted several stocks in in
S& P 500 did trend much better all year, all week , all day .

3.50] In other words may take a bit more risk in individual stock risk ;
but much better stock trends of SPY/SPX related stocks ,
than SPY trends .

Repeat pattern, 50 dma helps id main trend.

 

[bighog]

Experience and discipline, experience and discipline, experience and discipline, experience and discipline, experience and discipline, experience and discipline, experience and discipline, experience and discipline, experience and discipline, experience and discipline, experience and discipline, experience and discipline, experience and discipline, experience and discipline, eperiance and discipline, experience and discipline, experience and disciplime, experience and discipline, experience and discipline, experience and discipline, experience and discipline.........................................experience and discipline.

That is whats required, total focus on the chart, there are really no flaws in TECHNICAL ANALYSIS, but there are flaws in how one interprets the setups. How many noticed the 2 words mispelled ?

That gives you a clue how much focus is required to focus day in and day out on the same technical setups, miss a couple important bars and the whole picture is wrong to take a trade. The chart was not wrong, you and/or i were wrong....

Trading is boring but rewarding if you have the proper discipline and experience..................A game where you can make a ton of money will never be easy, but i bet it will always be boring, that is where the self motivation comes to the fore daily....

 

[IronFist]

Check out QQQQ with 5, 10, 50 day EMAs...

buy when the 5 day EMA crosses over to the top.

I can only use 3 indicators at a time, so no Parabolic SAR on here. Sorry.

Jul 10 - Aug 8 = good gains

Sep 5- Sep 19 = not so good gains

Oct 1 - Oct 7 = nothing

The end of Oct = nothing

Nov 1 - current = good gains

What do you think? Does this fit your 3 MA criteria?

edit - If you were to only buy on the 5 day cross over when RSI was rising above 50 you would miss some of the not-so-profitable trades in the middle here. I dunno.

6 month daily chart:

<img src =http://www.elitetrader.com/vb/attachment.php?s=&postid=921358</img>

 

[IronFist]

Quote from dac8555:

I played with SPY, and simply couldnt find a time frame that was profitable for triple MA.

Try 5, 10, 20 EMA. It still won't be profitable on the whipsaws. n/m. Better not, unless you're using some tight stops.

 

[risktaker]

Damn! What are those hedge fund idiots thinking?! Some EliteTrader newbies figure out how to cash in on the cubes when those dumb pros trade billions of shares and are barely profitable this year? LOL!

Quote from IronFist:

Check out QQQQ with 5, 10, 50 day EMAs...

buy when the 5 day EMA crosses over to the top.

I can only use 3 indicators at a time, so no Parabolic SAR on here. Sorry.

Jul 10 - Aug 8 = good gains

Sep 5- Sep 19 = not so good gains

Oct 1 - Oct 7 = nothing

The end of Oct = nothing

Nov 1 - current = good gains

What do you think? Does this fit your 3 MA criteria?

edit - If you were to only buy on the 5 day cross over when RSI was rising above 50 you would miss some of the not-so-profitable trades in the middle here.

 

[IronFist]

Quote from risktaker:

Damn! What are those hedge fund idiots thinking?! Some EliteTrader newbies figure out how to cash in on the cubes when those dumb pros trade billions of shares and are barely profitable this year? LOL!

Like I said, I'm a n00b and really have no idea what I'm talking about. That's why I'm here: to learn. Maybe one day I can flame the noobs, too

 

[risktaker]

One thing to keep in mind when you're new at this...whatever you can think of, chances are 99.99999% it's been done, studied, thought about, discussed, researched and traded to death. Very, very few things are out there to pluck. On Wall St, they *take* your money. It's *very* hard to take "theirs". Luck for 3-4 mos. trading some etf or index doesn't really count. That's only temporarily borrowing money from them before paying it all back with some interest (losses) to boot!

Quote from IronFist:

Like I said, I'm a n00b and really have no idea what I'm talking about. That's why I'm here: to learn. Maybe one day I can flame the noobs, too

 

[murray t turtle]

Quote from IronFist:

Check out QQQQ with 5, 10, 50 day EMAs...



What do you think? Does this fit your 3 MA criteria?



6 month daily chart:

<img src =http://www.elitetrader.com/vb/attachment.php?s=&postid=921358</img>

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[1]Simplify, [2] discipline,[3] focus;
glance @ 50dma for main trend, but 10 ma looks best of the 3,
10ma has the additional benefit over the years of less commissions/slippage than 5 dma.

Notice how on a 1 year chart,below average , sloppy/choppy /tricky uptrend moves all the time when QQQ are below 50dma

And while don't trade QQQQ/SPY much, they dont trend that much, use them for a main trend measure for many years ;
& frankly thats a better than average 6 month trend for QQQQ

 

[balda]

I use 10 dma for short term trend and 30 week ma for long term trend on QQQQ and SPY for overall market condition.

 

[Hook N. Sinker]

I write computer programs to test trading methods. Lots of times the same trading method is profitable or unprofitable depending on the parameters. In your case the parameters are the length of the moving averages. Some combinations work better than others. To me, that is completely normal.