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I like your video! Thank you! I use the same MAs, but I use EMA-21 instead EMA-15, but there is no big difference. I just've got a question: Do you pay attention on Crossovers of MA-50, 100 and 200? Are they imprtant?
I agree. Using many MAs expecting them to be valid Support/Resistance is a fallacy. Perhaps TopDog is not considering random probability of price striking those levels? A good illustration is the 'Rainbow Moving Averages' which is just overkill. However, using MA200 and MA50 as self-fulfilling prophecies is a valid reasoning similar to Fibonacci levels.
If you add momentum and ADX to these MAs .... it could pippoint an exact signal for buying or selling, esp. the two red and golden MAs are really exact. Remember all of them don't always work, the thing is which works the most times .... and it sure does. Thanks for sharing.
Great video! Many trading gurus promote candlestick patterns and downplay moving averages. I prefer a line chart combined with 200, 100, and 50 SMA's. I also watchlist watch(8 Nasdaq 100 symbols including QLD), and I tape-read(I'm a tape-worm).
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thecombatmaster 1 year ago
I like your video! Thank you! I use the same MAs, but I use EMA-21 instead EMA-15, but there is no big difference. I just've got a question: Do you pay attention on Crossovers of MA-50, 100 and 200? Are they imprtant?
annareina1988 2 years ago
You have so many MA's of course at least one of them is going to be crossing near a resistance level
airplaneking 2 years ago
@airplaneking
I agree. Using many MAs expecting them to be valid Support/Resistance is a fallacy. Perhaps TopDog is not considering random probability of price striking those levels? A good illustration is the 'Rainbow Moving Averages' which is just overkill. However, using MA200 and MA50 as self-fulfilling prophecies is a valid reasoning similar to Fibonacci levels.
8888rogue 10 months ago
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Moving averages are nonsense. Watch my vids to learn about the science of price and volume. - the best way to trade. Period.
hummarstra 2 years ago
currencies?
jcfbell3001 2 years ago
Comment removed
thelastcoke 2 years ago
If you add momentum and ADX to these MAs .... it could pippoint an exact signal for buying or selling, esp. the two red and golden MAs are really exact. Remember all of them don't always work, the thing is which works the most times .... and it sure does. Thanks for sharing.
zotopec 3 years ago
yeah .... but where are your entries and exits?
edicccc 3 years ago
idont use so many moving averages. I like just 2
ANDYCHAT500 3 years ago
Great video! Many trading gurus promote candlestick patterns and downplay moving averages. I prefer a line chart combined with 200, 100, and 50 SMA's. I also watchlist watch(8 Nasdaq 100 symbols including QLD), and I tape-read(I'm a tape-worm).
redletterchurch 3 years ago
Excellent - well done!
81hakim 4 years ago
Thank you very helpful.
lajo32 4 years ago
Nice video, clear for everyone :-)
InfinityShares 4 years ago
Bravo Sir!!!
I use 20 EMA instead of 15, and I don't even use 100 MA
more tools for me!!
EurodanceStrong 4 years ago
great work doc
bettiesp 4 years ago
Your video makes a lot of sense, excellent work
shabs19 4 years ago
thanks.
mujeebyzai 4 years ago
Very nice! thank yoU!
EurodanceLove 4 years ago