It allows me to see trends and channels without drawing a single line, very useful.
Please share your favourite Moving average levels
- Thread starter victorycountry
- Start date
It allows me to see trends and channels without drawing a single line, very useful.
Demark MA1 & MA3
Am I the only one who thinks that asking people to "share their favourite moving average levels" is just like going into the lobby of a hospital and asking people to "share what their medication is", without knowing what illnesses they have or what dosages they're taking and why - and that it's about as informative, too?
I agree. Everyone trades different time frames and different instruments. I personally use several different ones but only use them as an idea of direction on shorter time frame with faster MA and longer time frames with longer MA. I definitely don't use them to buy or sell as my sole indicator. I may look for a price bounce at a particular ma like the EMA 20 or EMA 50 but only after confirmed by other indicators
I have shopping bag full of medications, vitamins and supplements, how long do you have to copy all of them? LOL
Being this is a forum to exchange ideas, and folks show what they use, maybe it will trigger for more dialog. Very few of the posts here on forum have much to do with what actually works, I think it is refreshing to see what others use myself. Like 95% on this forum is more of opinions and dialog bad mouthing others, or maybe it is me and I don't see too much useful information any more. I do think it better to show charts of whatever one uses which can get their point across better.
Nice that IronFist put in Post from the past of other ideas of what might work.
This is how I use 18sma on monthly charts, shows trend but more importantly shows me when I should STOP taking trades. I actually use this kind of chart for one method of trading options, when price hits ma, I can do Credit Spreads and as higher lows each month, can continue to do Put credit spreads, if price hangs near that ma for two months in a row, time to find another stock/ETF.
Nice that IronFist put in Post from the past of other ideas of what might work.
This is how I use 18sma on monthly charts, shows trend but more importantly shows me when I should STOP taking trades. I actually use this kind of chart for one method of trading options, when price hits ma, I can do Credit Spreads and as higher lows each month, can continue to do Put credit spreads, if price hangs near that ma for two months in a row, time to find another stock/ETF.
Attachments
I agree not many people post useful stuff. In the interest of sharing I do use the EMA 13/39/250 crossovers to confirm a solid trend has taken shape with price above all 3 EMA. I color them orange red and green to give me a nice and easy rainbow to see the trend. When my candlestick are red or whit and they are above an orange trend line (EMA13) and above the red EMA 39 and above green EMA 250 it makes it easy to see. However, I use these mostly when I missed the beginning of the trend and I am looking for an entry point to join and hop on. My best trades I try to catch the trend as its forming using MACD and catch the early bump. Then, when that's confirmed by these MA crossovers I add to positions. This has helped me catch the early moves in Gold/Silver and GDX. I will try to post a pic later tonight.