Which Moving Average is Best? | Metals Mine

  • Which Moving Average is Best?

    From newtraderu.com

    Moving averages are not predictive they are reactive to price action. They show trends on charts when they go vertical and can show that price is in a range when a moving average is horizontal. Moving averages are technical trading tools. The answer to “Which moving average is best?” is the question “What’s your time frame?” Traders react in different time frames using the chart length for the time period of their trade. Scalpers will focus on 1-minute charts and lower, day traders commonly trade on 5-minute and 15-minute chart setups. A combination of the 5, 10, and 20-minute moving averages can be a great ... (full story)

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JackJones
Nov 20, 2020 6:22am
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trick question: None
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NotAtrader
Nov 20, 2020 9:49am
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I don’t use MAs in my trading setup. But if I were to use one, I would use it for TP levels represented by larger periods and breakout indications in a possible reversal scenario, but never for immediate entering a position.
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enarco
Nov 20, 2020 2:12pm
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EMA's for support and resistance. Run the EMA 15, 30 and 50 on M5 M15 H1 and H4

Not on all pairs but several of the majors. Support and resistance in trends. IN TRENDS not when they are range bound. You need to have some movement in a direction.

And then of course following what news is coming out and the all important PA. Weekly pivots can be of some use also. But we all have our own tools that work for us.
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CashRel
Nov 20, 2020 4:57am
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Do not use MA / EMA. They are badly lagging. Look for asymptotic indicators.

At key levels. Where big money lies waiting patiently with pending orders.
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harcos
Nov 20, 2020 11:10am
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A technical trader uses price action, a MA is just an average of prices, it allows you to see a longer time frame without looking at other charts. Its a tool nothing more, people that hate them and say they don't work aren't using them correctly. I used to use them often to determine bearish or bullish direction , I don't need to anymore as I know where they would be drawn on a naked chart. A MA coupled with a momentum indicator can be fine tuned for a system with a pretty good RR
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DaJoWaBa
Nov 20, 2020 6:55am
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You can use an appropriate eMA, depending on your timescale focus, ONLY EVER as one of a cocktail of indicator variables, never as a Signal.
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mades
Nov 20, 2020 10:55am
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ema200 high/low channel works even on multiple timeframes (not lower than 15)
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mangaradja
Nov 20, 2020 1:50pm
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I think that charts must have at least a single MA but it could not stand alone and needs others indis to read market.
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DovishHawk
Nov 20, 2020 5:50am
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Quoting CashRel
Do not use MA / EMA. They are badly lagging. Look for asymptotic indicators. At key levels. Where big money lies waiting patiently with pending orders.
What do you mean by asymptotic indicators? Could you please elaborate?
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LloydOz
Nov 20, 2020 8:01am
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Quoting DovishHawk
{quote} What do you mean by asymptotic indicators? Could you please elaborate?
An EMA *is* asymptotic. An EMA converges to price, which may not be well appreciated by proponents of mean reversion.
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Hurst
Nov 20, 2020 6:27am
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90% of retail traders lose money.

Brokers take that money.
Platforms like FF are full of retail traders.
Extrapolation this idea do not take any advice from brokers or educators on FF.
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Trader#12A4
Nov 20, 2020 6:48am
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"Moving averages are not predictive".... I have found them to be very predictive (where the market will go to and from. You just need to spend time finding the right settings. Its allowed me to grow my accoutn 500% over 3 months.
Do your homework
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Trader#F2EA
Nov 20, 2020 5:03am
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Moving averages lagging lol, and your "key" levels from 2 years ago or god knows when are not both lagging and imaginary haha
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Trader#31BD
Nov 20, 2020 6:43am
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The best thing I ever did was dropping any and every MA's from my trading charts.
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Trader#258C
Nov 21, 2020 10:54am
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I only use Momentum indicator
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