Big Pippin - i checked out the link and there's alot of great information there. I've been trying to trade with moving average cross overs but it seems like market has been in a range. are there situations where you would watch ma's and other's where you wouldn't even have them on your chart?
in a choppy market moving averages don`t work, you tend to get what is termed as whipsawed, up down up down etc
I`ve read it somewhere else in this forum, but if you use moving averages use them for when the market is trending.
Find something else for when the market is moving sideways (consoldating), such as the rsi stocist, or MACD. have a play around and use a chartingh system with historica data, even tually you`ll find something you are confortable with.
I am a big fan of moving averages.
There are ways to minimize the whipsaws of slow market conditions using moving averages, TP and SL and money management rules. You have to play with them until you feel confortable to live trade, if you want, using confirmation of other indicators like rsi, macd, williams % or other custom indicators.
One of the systems I use is called the "bunny cross" system. It uses the 5 and 20 weighted moving averages. There's alot of variations out there, but you can find a link to it on Big Pippin's blog.
Bunny Girl Cross is Ok., but according with my experience it will not give you CONSISTENT profits, and thats what we are looking for. Better sistems are CATFX50 and Dolly, and they are free. Some people are using a combination of Catfx50, Dolly and Bunny Girl Cross in the same chart, one to confirm the other, with good success
i am currently trading the 8 and 24 moving average cross over on the five, 15 and hourly charts and having good luck so far. but i am finding that i often miss them. does anyone know of software program that could alert me when they cross?