What moving average is most significant on the 5 minute chart?

[SunTrader]

You know as well as I do that MA are likely spots for bounces. Not guaranteed, but more likely.

In your mind only - and others who watch squiggly lines.

 

[qlai]

In your mind only - and others who watch squiggly lines.

You don't think that if enough people/systems watch the same squiggly lines it may be something worth paying attention to?

 

[Risepoint1879]

In your mind only - and others who watch squiggly lines.

I've seen enough bounces off MA to know that they do something. Though I don't usually trade by them.

 

[SunTrader]

You don't think that if enough people/systems watch the same squiggly lines it may be something worth paying attention to?

Absolutely - to fade.

 

[SunTrader]

I've seen enough bounces off MA to know that they do something. Though I don't usually trade by them.

Yup, confirmation bias, while ignoring all the times there is no "reaction".

 

[schweiz]

I never watched/studied/used MA's. Intraday or for holding a few days they are useless.

 

[murray t turtle]

None. Who told you MA's stop trends or what led you to believe that?

%%
Most likely ,NOT a random remark. LOL. WSJ had 2 line charts this week ,about 52 weeks data, DOW+ S&P 500; pretending Dow was a better buy because they had DOW above 200dma, + S&P 500[SPY] below 200 dma. WSJ Quote ''S&P 500 is stuck below 200dma, curbing its early year rally''unquote LOL AS if a lagging/lagging 200 day moving average could stop /stick anything. Surprize surprize, its not stuck below today .

WSJ=great newspaper; but Investors Business Daily/Weekly would never print ''NONSENSE'' like that, near its 200dma. LOL

 

[Howard]

I never watched/studied/used MA's. Intraday or for holding a few days they are useless.

Too slow and lagging?

I agree that standard MA's seem fairly useless. At best they can indicate current trend, but they're far too slow to indicate a reversal of trend.