Appropriate use of Simple Moving Average?

And like a fine trader told me once MTT;


Wisdom is profitable to direct

RN

 

I knew I was over speaking at the time I wrote "most good traders"

but so far this has been a pretty civilized thread (in spite of being called a "cesspool")

so I thought they would cut me some slack

my point to the OP was my opinion that it is dangerous to use any indicator as a rule for entry or exit

so far, I really liked Frank's reminder not to continually optimize your ma until it looks like you want it to look

and murray's observation that repeated failures to close above the 200 can be an indication of topping (or bottoming)

there's always somebody that wants to start an argument

I admit, I was wrong, I don't know what "most good traders" do

 

You may not be wrong, I don't know what most good traders do either. My point was that none of us knows for certain, nor does it really matter. I think the post by Daring was on target.

"Success is whatever works." - Bruce Lee

 

Thanks

 

Totally agree, Redtank has posted some gems in the past, hope he reconsiders over time as it looks like he was just having a bad day.

You too Redneck, good contributor to the forums, like reading your posts as well.

 

Thanks D

And that last post of yours in this thread is another Gem

RN

 

No question is stupid. The answer depends on how fast you'd like to transfer your account to market makers. If you like to transfer it fast, then you use a fast MA and you get over with it. If you want the pain to last longer because you are enjoying it, then you use a slow MA. If you want both, then you use a fast and a slow MA so you get the full satisfaction.

 

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Good points RN