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Great post,
to add, my day trading system uses nothing but an expotential moving
average--one moving average, not 2.
MM
KARTIK GURURAJAN wrote:
> i have been reading all the chat about various system trading in this
> forum for the last few days.. i personally feel it is a waste of your
> hard earned money and probably a part of your investment fund. I have
> been trading futures mainly s&P (but works almost on all commodities)
> using simple moving averages
> I have 2 moving averages i use, one is 5 min bar chart with 18 bar
> exponential moving average, and other one is 30 bar moving average. I
> usually act on the indicators generated by 30 bar. I use 18 bar as an
> early warning of a possible trend or a price change.
> If the 30 bar for example is pointing down and the pricebar from below
> hits the moving average and is repulsed it is a great place for shorting
> and of course viceversa holds good for going long. Another important use
> of 30 bar moving average is to let you know what not to do. Never go
> long as long as 30 bar moving average is pointing down.
> This simple rules have helped me in my trade tremendously. But ofcourse
> nothing can be 100 percent perfect and "past results are not guarantee
> of future results.. blah..blah etc".
> Hope this small info helps you all make tons of money. But of
> course always remember money is only part of the requirement for being
> happy in your life.
> Thanks
> Kris rajan
>
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