The herd mentality in trading being what it is it does matter what squiggly length MA WSJ or IBD or XYZ uses. Just that they use one is good enough reinforcement for them
Thanks. Don't get me wrong. I am NOT advocating to buy into silver here. Yes it's extended but I will be adding to positions on a pull back. My initial position was in mid to late April around 16.60.
Trade what you believe. I believe my squiggly diddly lines and a healthy bit of voodoo works for me and my accounts PnL statements agree.
I don't think this can be answered because it depends on your time scale and the behavior of the price action. A five week moving average works well when you're looking at weekly candles in a swing trade. But that's a 25 day moving average if you're looking at daily candles. Also, when I apply a moving average to identify bull periods and bear periods, I often have to adjust the time period to fit the movement the stock. Some time values are good for a starting condition, but you should tweak it based on how it fits the pattern.