E-Mini SP 500

This is a discussion on E-Mini SP 500 within the Futures & Options forums, part of the Markets category; Originally Posted by Xymox price likes to test that RED MA, if the MM's hold it up here, then the ...

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Old Sep 26, 2007, 5:04pm   #33
Joined Apr 2006
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Originally Posted by Xymox View Post
price likes to test that RED MA, if the MM's hold it up here, then the RED MA, moves higher and higher as time passes.

Whay is MM?
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Old Sep 26, 2007, 5:05pm   #34
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Originally Posted by Xymox View Post
on my chart its at 37.2, based on which vendors you use and quote banks, the red ma can be variable at price points and crossing intimations. The red ma doesn't imply anything, price doesn't ever have to touch it in this current session.

Plus the MA moves as time progresses.

So what is the purpose of having it?
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Old Sep 26, 2007, 5:06pm   #35
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Whay is MM?
market makers, money managers.
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Old Sep 26, 2007, 5:08pm   #36
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So what is the purpose of having it?
its just another measure of how price is behaving, the overall direction gives gross trends in the market, it can be used as a smoothing tool. Plus when price approaches support or resistance, a shorter period MA will cross the longer period MA. The mind doesn't like to accept situations especially in trading. And indicators can be used as a another measure to justify adjusting R:R(risk:reward/stoploss:takeprofit).
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Old Sep 26, 2007, 5:10pm   #37
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on my chart its at 37.2, based on which vendors you use and quote banks, the red ma can be variable at price points and crossing intimations. The red ma doesn't imply anything, price doesn't ever have to touch it in this current session.

Plus the MA moves as time progresses.
37.2 hit.
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Old Sep 26, 2007, 5:12pm   #38
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Bulls eye! But I think it has moe steam to go lower. At least another point -guessing here.
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Old Sep 26, 2007, 5:15pm   #39
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I did not know you reside in Virgin Islands. Must be comfy and pretty.
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Old Sep 26, 2007, 5:17pm   #40
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I did not know you reside in Virgin Islands. Must be comfy and pretty.
islands are heaven on earth.
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