Quote:
Originally Posted by johnnykanoo
I wish I could give back to you guys.
Tess you and your sister spend so much time responding to posts like mine and tony too, I can't even come close to your level so for me to contribute is impossible but i wish i could.
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No worries. It doesn't take up a whole lot of our time to sling up the odd comment or graph. If folks can make use of some of it, then that's great.
Sometimes all it takes is a snippet of info here & there or a graph with a simple line or two highlighted to spark interest in a particular item of market relevance, which in turn switches on a lightbulb inside the head.
We just relay the gist of how we observe & work price activity. It's nothing new or mysterious. It's not going to change the (trading) world, but it might encourage folks to explore the potential benefits of maintaining a degree of simplicity & looking at the technical chart from a slightly different angle.
In reply to your question regards Moving Averages:
No, we don't observe or plot them at all. But again, if you or anyone else finds them useful in guaging s&r in tandem with the obvious levels or zones, then continue to use them.
Just be very careful about how you utilize them. Especially the adoption of mov avg crossovers as a signal trigger.