[eurotrader]

I've probably experimented and tinkered with untold types of moving averages of various lengths, etc. not to mention indicators. At the end of the day I came to the conclusion that it is all a waste of time. My recommendation, take everything off the chart except the price bars and stick with pure price action and how it reacts around previous S&R areas. If you must have a moving average then you are far better off sticking to one that everybody else is watching, like the 20 or 50 SMA.

[whiteEagle]

Originally Posted by eurotrader »

I've probably experimented and tinkered with untold types of moving averages of various lengths, etc. not to mention indicators. At the end of the day I came to the conclusion that it is all a waste of time. My recommendation, take everything off the chart except the price bars and stick with pure price action and how it reacts around previous S&R areas. If you must have a moving average then you are far better off sticking to one that everybody else is watching, like the 20 or 50 SMA.

I've heard a lot of traders (i.e. day-traders/forex traders) make this suggestion. Thanks.

I've drastically reduced the number of indicators, but I haven't gone "bare bones" yet.

I'm just looking for a way to identify the beginning of a turn (i.e., the tops/bottoms) and the changes in both direction and momentum. It looks like short-term MAs help with that.

But I agree! If I can trade price action only, I'd be better off.

[cjforex]

When I was originally taught about moving averages I was taught to look left.

When price approaches a moving average, look left. If you see corresponding support in price action, expect support from the moving average. Ie confluence means more players will act on the same price action giving more credence to your expected behaviour. No matter what the ma.

Cheers!

-cjforex-

[Dutchie]

Almost any Moving Average will have some lag, since the only thing it does is smoothe past prices.

What you may think comes close is Jurik's MA a.k.a. JMA.

I attached 2 kinds for you, but it will only work on the MT Platform.

Cheers

Dutchie

[maxblaser]

plz read mendlbrot and the hurst coefficient, and the magic number is ????