Moving Averages

Kaeso

Established member
836 91
Was curious to what MA works for people, because I haven't really seen much value personally for my own trading.
originally you asked how does everyone find them? which is more open

are you now saying you only want to hear from those who find MAs or a particular MA useful?

just to clarify
 

Brumby

Established member
593 137
Hi all,

Still using a practice account until I feel comfortable. I understand how moving averages work, but I've tried a few different set ups and I cannot seem to get much value out of them.

How does everyone else find them?

Thank you
Useful if you know how to use it.
 

kinsorted

Junior member
15 0
Useful if you know how to use it.
I'm guessing I don't know how to use because I don't find it that useful

Sent from my HTC 10 using Tapatalk
 

dbphoenix

Legendary member
6,952 1,244
I'm guessing I don't know how to use because I don't find it that useful
A word or several of advice, particularly if you're new to trading forums.

If you're new to trading, you can't be expected to determine whether or not MAs are of any value since you are new to trading. Your options, therefore, are pretty much limited to doing your own testing -- which can take a great deal of time, assuming that you know how to do it, and considerable effort -- and seeking the opinions of others. The opinions of others, however, are essentially worthless unless those who think MAs are great tell you exactly how the MAs are used, at least enough so that you have something to test. If someone tells you for example that MAs are great if you know how to use them but doesn't tell you how to use them, you're back where you started.

You can spend a year or two or five or ten futzing with varieties of moving averages and the near-infinite number of settings in order to compensate for an inability to tell up from down. But if you already know how to tell up from down, there's no need for you to spend/waste time on moving averages. Or any kind of indicator, for that matter. Yes, a simple indicator or two can be useful for scanning if you're interested in trading stocks. Otherwise, you run the risk of being led into a great many blind alleys and even a maze or two by making judgments based on the unfounded opinions offered on trading forums. All trading forums.

If you want to understand the market, study the market, not what complete strangers say about the market.
 
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EnlightenedJoe

Experienced member
1,950 95
Not sure what the shop wins means etc. Not too bothered either.
Maybe you need to be bothered. When the shop wins, money disappears from your wallet. If you learn from the winners, how they do it, why they do it, when they do it, what they say, why they say it, when they say it, you might become a winner yourself.

When you are not bothered by the winners take money from you, you will remain a loser.

A quick way to identify winners is to answer the question of where did the money go ?
 

kinsorted

Junior member
15 0
Maybe you need to be bothered. When the shop wins, money disappears from your wallet. If you learn from the winners, how they do it, why they do it, when they do it, what they say, why they say it, when they say it, you might become a winner yourself.

When you are not bothered by the winners take money from you, you will remain a loser.

A quick way to identify winners is to answer the question of where did the money go ?
I don't think it's right to assume someone is a loser.

Sent from my HTC 10 using Tapatalk
 

EnlightenedJoe

Experienced member
1,950 95
I don't think it's right to assume someone is a loser.

Sent from my HTC 10 using Tapatalk
There are some shop stated figures that 80% of their customers lose. I am not assuming but using fact. So if someone is not bothered by the shop taking their money, they must be in that 80%.
 

kinsorted

Junior member
15 0
There are some shop stated figures that 80% of their customers lose. I am not assuming but using fact. So if someone is not bothered by the shop taking their money, they must be in that 80%.
Your comments have been duly noted

Sent from my HTC 10 using Tapatalk
 

kinsorted

Junior member
15 0
A word or several of advice, particularly if you're new to trading forums.

If you're new to trading, you can't be expected to determine whether or not MAs are of any value since you are new to trading. Your options, therefore, are pretty much limited to doing your own testing -- which can take a great deal of time, assuming that you know how to do it, and considerable effort -- and seeking the opinions of others. The opinions of others, however, are essentially worthless unless those who think MAs are great tell you exactly how the MAs are used, at least enough so that you have something to test. If someone tells you for example that MAs are great if you know how to use them but doesn't tell you how to use them, you're back where you started.

You can spend a year or two or five or ten futzing with varieties of moving averages and the near-infinite number of settings in order to compensate for an inability to tell up from down. But if you already know how to tell up from down, there's no need for you to spend/waste time on moving averages. Or any kind of indicator, for that matter. Yes, a simple indicator or two can be useful for scanning if you're interested in trading stocks. Otherwise, you run the risk of being led into a great many blind alleys and even a maze or two by making judgments based on the unfounded opinions offered on trading forums. All trading forums.

If you want to understand the market, study the market, not what complete strangers say about the market.
I agree. I like to keep developing my strategy, that's all.

I think this thread should be closed before it gets out of hand

Sent from my HTC 10 using Tapatalk
 

EnlightenedJoe

Experienced member
1,950 95
Another great post! Esp, If you learn from the winners, how they do it, why they do it, when they do it, what they say, why they say it, when they say it, you might become a winner yourself. Beautifully put! And this is exactly what I do with your posts and a few others here! Try to read b/w the lines.

Do you mind I use this?? PS if you want me to remove it from my sig I will Joe.
Do what you like. Itsnotpossible already quote me. I am used to it.
 

dbphoenix

Legendary member
6,952 1,244
I agree. I like to keep developing my strategy, that's all.

I think this thread should be closed before it gets out of hand
Or you can just abandon it and start again with a journal, which are self-moderated (you can, for example, block people on your Ignore list). Little of value has been posted here, so you have nothing to lose. And there are people here who actually trade and make money (the two rarely go together), so don't be too quick to choke off sources of useful information.
 

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