I am looking to gather some information in regards to Moving Averages (Types to use) and what Time Frame they should be applied too.
I typically like to trade the Daily/4HR, aiming for longer term trades.
So.....i guess the question is What moving averages are good guidelines to use.
For example. 200 SMA applied to close. If Price is above take long trades, if price is below take short trades.
That might not be a true statement but you get the idea of what i am looking for.
I am not really looking to make this a DONT TRADE if or TRADE if etc....more of something to glance at on each time frame to possible confirm some trades.
Time Frames i am looking for are 1HR, 4HR and Daily.
Any help from some Full Time Traders or High Level Traders would be greatly appreciated!
Thanks
I typically like to trade the Daily/4HR, aiming for longer term trades.
So.....i guess the question is What moving averages are good guidelines to use.
For example. 200 SMA applied to close. If Price is above take long trades, if price is below take short trades.
That might not be a true statement but you get the idea of what i am looking for.
I am not really looking to make this a DONT TRADE if or TRADE if etc....more of something to glance at on each time frame to possible confirm some trades.
Time Frames i am looking for are 1HR, 4HR and Daily.
Any help from some Full Time Traders or High Level Traders would be greatly appreciated!
Thanks