[MCM]

Originally Posted by Tams »

trading with MA is like flying an airplane...

those who can fly looks like god to those who can't.

those who can't fly but fly anyway will have a predictable future

there are those who can't fly, believes nobody should either

there are those who can't fly, have other means of transportation, therefore not flying is not a big deal

I just got a warm feeling inside Tams..

Both optimists and pessimists contribute to the society. The optimist invents the aeroplane, the pessimist the parachute.

— George Bernard Shaw

[marketboy]

Ha.... I wish I had an airplane, Sometimes I think I'm just driving a tractor or golfcart or something!

For other newbies, beware that MA is just univariet time series analysis. The next tick can't be predicted. The market is a complex system that can't be predicted based on past action. So time series analysis is a method that doesn't fit the model.

MA are only useful if others make decisions based on them. So a system using MA might work, but only until it stops working...

Look instead for ways to understand other traders, buyers and sellers, supply and demand. The price history is their footprints. Are they running ahead or are they trapped?

Good luck to everyone in 2012!

[im4XTrader2]

Originally Posted by pipbanker »

Ok

1. I don't do any analysis on weekends or days before. When I open my chart I look at a Daily Time Frame. I am not too concern about all these technical analysis. They are too confusing and too boring for me to be wasting my time on. As you may already know, most of your trades are always ending up in the wrong side.

Gee, I wish someone had told me last year that using moving average strategies were losers. I guess making 4.3 % month over month (60% per year) for the last 16 months using a moving average strategy is just a total loss.

With your above quote I can see why you will always lose money in the long run and badmouth successful strategies. Using technical analysis is too confusing and too boring??? What I am hearing is you don't want to put the effort into making your strategy a winner. Sorry guy, but I think I would rather study hard, analyze the data and come to my own conclusions without being distracted by someone who can't be bothered with confusing and boring technical analysis.

I know I sound harsh but I have heard this too many times in too many forums and yet with perseverance, research, copious back and forward testing, I am able to tweak the moving averages to give me a profit on 87% of my trades.

I will grant you one thing, too many indicators will make trading more difficult and confusing, the same as trying to watch too many currency pairs.

Good luck with your trading. I think I will stick with mine.

[JCII100]

One of the best and certainly most consistent traders I know successfully uses Moving Averages coupled with cycles.

You should reconsider.

[tiger29]

Originally Posted by JCII100 »

One of the best and certainly most consistent traders I know successfully uses Moving Averages coupled with cycles.

You should reconsider.

"Cycles"? If you dont mind expanding on this. Never heard of cycles before

[pipsaholic]

I have heard and read many stories of successful traders using MA on various places on the net but never seen it with my own naked eyes, however from the last years experience in trading I can say they do work not that I use them but they seem to strong sign with some delay not good for agressive traders but better for conservative. I use 30, 50, and 100 MA's looking for bounces between the 30, 50 I understand market movers use these MA's.

[pipbanker]

We are getting interesting results on the vote, but it is still open.
If you have an opinion on this subject put your vote in at www.pipbanker.com
The poll is in the right top corner. We will put the total count here after we close the poll.

And by the way, Friday 13th had fantastic moves, congrats too everyone who was able to catch that drop in markets.
good weekend to everyone

[pipsaholic]

I see a cross over on the 1 min chart on EUR/USD at 10.47am MA it worked, but still stick to market structure along with MA system.