i also book marked his channel on you tube.........will watch a few more of his ideas on the week end
trading using moving averages
- Thread starter padutrader
- Start date
mr padutrader, any videos that i post always start at the point of interest, it'll take 2 minutes tops.
cheers
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Not long ago, here on ET, someone lectured me: If it doesn't work for you, doesn't mean it doesn't work.
%%
Good points; exactly right ironchef. And in a Very limited sense, moving averages don't work LOL = the trader/investor has to do the work.LOL-LOL.....................................................................
I know you have been preaching 50 & 200 MA for a long time but you never explained why they should work.%%
Some one that likes spaghetti, may like a tangled nest of moving aVerages. I never have used a 100 dma much; but that can be a good thing. 200 dma tends to be real helpful.............WSJ likes 65 DMA+ DOW; but that one is too little + to late for me.
Some dont like them, because they lag,LOL + lag in commissions expense.,
On second thought, maybe just because they worked for you is good enough reason?
%%I know you have been preaching 50 & 200 MA for a long time but you never explained why they should work.
On second thought, maybe just because they worked for you is good enough reason?
As far as a 200 dma, ironchef; It Can Work Well If the Trader/Investor Works Well. Elephants like it......................................................................................................................................................................................
Great to know you don't need trading profit to put food on the table.
It actually is a great plus, no pressure.I just don't belief you are not profitable. You seemed to know a lot about trading: Someone who went from swing to day trade, many of us couldn't make it day trading and had to migrate to swing.
I should have added that it is traditional moving averages used in the traditional way (ie crossovers) that don't work. Certainly, some of the newer low-lag MAs used in unconventional ways might work, but even then, it's a low probability proposition that they would. All of TA is a low probability proposition when price is very nearly a random walk.
Lag (or group delay) is what kills performance of MAs. Even a lag of half a sample period can really kill performance.
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