Edited by spielchekr, 12 April 2011 - 06:01 PM.
Any brave sword catchers here....
#31
Posted 12 April 2011 - 06:01 PM
#32
Posted 12 April 2011 - 08:02 PM
Edited by thespookyone, 12 April 2011 - 08:06 PM.
#33
Posted 12 April 2011 - 09:24 PM
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 !
#34
Posted 12 April 2011 - 10:40 PM
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
#35
Posted 13 April 2011 - 08:43 AM
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.
#36
Posted 13 April 2011 - 08:52 AM
And unconventionally?Conventionally, to watch price bob above and below them.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#37
Posted 13 April 2011 - 09:43 AM
And unconventionally?Conventionally, to watch price bob above and below them.
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.
#38
Posted 13 April 2011 - 10:50 AM
I don't know exactly how to reply to that, so I'll just say "you're welcome" and move on.Thankful for rhetorical questions, they always answer themselves correctly.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#39
Posted 13 April 2011 - 12:33 PM
#40
Posted 13 April 2011 - 12:36 PM