actually moving averages are a great support or resistance lines. i have seen loads of experts to rely on hourly and daily moving averages of period 100 or 200. these are profit taking level or trade entering levels.
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actually moving averages are a great support or resistance lines. i have seen loads of experts to rely on hourly and daily moving averages of period 100 or 200. these are profit taking level or trade entering levels.
I prefer to use the 200 as the signal given earlier than ma 100, because of the need to know that ma is is a lagging indicator that should be aware of is a late reversal signalQuote:
Originally Posted by sammy
200 ema is 200 average of 200 days , the number has not jsut derived with a drunk man sitting under the tree and came up with it , there are so many traders, analyst , mutual funds bankers etc
the number has come with the rispect given by the prie ation millions and millions of time when the rate have reach to that level
so henae yess its the most important area to be taen care of
of cource 2000 EMA is considered a very strong level , in addition to 100 ema , you may use those indicator by each other and while crossing it will be a very good signal for the next trend direction , u can also use them as a reversing support or resistance specially the 200 ema
and always use 200 pip as a target and 100 stop lose
Brother , i always analysis fundamental and technical analysis for my best trade. Actually i never use 200 SMA and do not know anything about this . It may indicate moving average. however some indicator i always use ,for example stochastic , bollinger bands . I think i also need to learn to use. and i often heard 200 SMA.
i don't believe it move at a time try to watching a whole day it will move after 20 hours so it not same that it will move with in one or 2 hours if you are not familiar completely then make a practical to that for becoming the familiar with that
well the 200 SMA is not very important but in other for you to be at the positive side of teh trading you just have to make use of the SMA just for you to know the best price and the direction of the trend i make use of the SMA and i know this strategy is very profitable and rely on any time any day thats what i think
200 SMA is just indicator. This setting is for swinger. For intra day trader not suitable using this setting. Maybe can change to SMA 18
Yes i am agree that 200 SMA is just indicator to detect the trend and trade base on above MA or below the MA. I like MA strategy but i did not try 200 SMA yet because i use 20 MA and 50 MA to get entry or exit signal when it is crossing each other.
This signal can be made between a fusion of crossing ma ma 200 with 18 of course it gives signal to carry out orders, and indeed if you use a large-scale ma will take a long time of course the signal given is laggingQuote:
Originally Posted by viana