43 replies to this topic

[spielchekr]

I'm with NAV. Conventional wisdom says moving averages are of little or no use. That's pretty much true, if used in conventional ways. And anyone can believe that all they want for all I care. But they happen to intrigue me. And I trust that NAV takes things a little further than watching price bob above and below ma lines. There is a good deal of information in moving averages that doesn't float right to the surface, but can be extracted with some work. Just sayin'.

Edited by spielchekr, 12 April 2011 - 06:01 PM.

[thespookyone]

NAV=I should have added-my plays long are VST. If we don't get great breadth in tomorrows bounce-I'll be right with you, pulling the trigger on both barrells short. Looking at the internals tonite has truly tilted me your way! 1321.50 basis ES would be a super place to initiate a short in that case, imho.

Edited by thespookyone, 12 April 2011 - 08:06 PM.

[NAV]

I'm with NAV. Conventional wisdom says moving averages are of little or no use. That's pretty much true, if used in conventional ways. And anyone can believe that all they want for all I care. But they happen to intrigue me. And I trust that NAV takes things a little further than watching price bob above and below ma lines. There is a good deal of information in moving averages that doesn't float right to the surface, but can be extracted with some work. Just sayin'.

Shhhhhhhh !

[IndexTrader]

I'm with NAV. Conventional wisdom says moving averages are of little or no use. That's pretty much true, if used in conventional ways. And anyone can believe that all they want for all I care. But they happen to intrigue me. And I trust that NAV takes things a little further than watching price bob above and below ma lines. There is a good deal of information in moving averages that doesn't float right to the surface, but can be extracted with some work. Just sayin'.

I don't think conventional wisdom says that at all...in fact, I'd say it's the opposite. Why else does every traders chart have one or more moving averages on it?

Frankly I don't think you can be truly liberated as a trader until you've gotten rid of all the indicators, so that you can focus on price action without bias. Fortunately, I doubt many will do that any time soon.

IT

[spielchekr]

I don't think conventional wisdom says that at all...in fact, I'd say it's the opposite. Why else does every traders chart have one or more moving averages on it?
IT

Conventionally, to watch price bob above and below them.

[fib_1618]

Conventionally, to watch price bob above and below them.

And unconventionally?

Fib

[spielchekr]

Conventionally, to watch price bob above and below them.

And unconventionally?

Fib

Thankfully for rhetorical questions, they always answer themselves correctly.

You've made me realize that I've been reading this board for so long that I've actually come to believe that dissing anything to do with moving averages is conventional, or at least fashionable. You are absolutely correct. Most traders have a mess of moving averages splashed over each and every chart. In fact, they are so overused and omnipresent that any respectable and sophisticated analyst is compelled to shun any information extracted from moving averages as being of little or no use. I do get it now.

[fib_1618]

Thankful for rhetorical questions, they always answer themselves correctly.

I don't know exactly how to reply to that, so I'll just say "you're welcome" and move on.

Fib

[Echo]

I for one would like to move back to the original thread as we are back to where IT made the nice entry yesterday. IT, Fib, is the price pattern reasonable to reload here or is the gap and crap under oversold conditions worthy of standing aside? Doc

[Echo]

I for one long RUT here at 819.63, stop under the 2.5wk lows for RUT cash at 818.32 at 816.32 risking about 3 rut points. Doc