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Standard SMAs
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Member Since Apr 16, 2010 2 posts
davidhanson
Jun 22 2010 at 13:15
Hello Peeps!
I wish to use Simple Moving Average as part of my system just as how I use it when I'm trading US Equities. I would normally set mine at 50day - 100day - 200day, which I was taught to be the standard values. Anything other than these values are deviations that are widely accepted as per trading style of the individual. However, with FX, I believe it can be different. Can anyone share an insight as to what is the standard SMA to use for the FX market in the daily charts and hourlies? Thanks in advance. David Hanson |
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Member Since Jan 07, 2010 7 posts
pingman
Jun 22 2010 at 19:13
(edited Jun 22 2010 at 19:26 )
The 50 100 200 work well to show you price action versus history.
I use the 34SMA on a 4 hour chart too. Read it in a Ragee Horner Book. I have use a 18 and 45 cross effectively on a four hour chart. I have used a 20 EMA and a 50 SMA cross effectively. 34SMA and 100 SMA cross have worked well. Can't tell you why. I match to price action. Take Everything You Can, Give Nothing Back |
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Member Since Apr 16, 2010 2 posts
davidhanson
Jun 23 2010 at 11:21
This will help. Thank you pingman :)
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Member Since Aug 22, 2009 56 posts
nickster
Jun 23 2010 at 16:35
5/8 cross on 4hr is effective.
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Member Since Jan 07, 2010 7 posts
pingman
Jun 24 2010 at 01:28
'5/8' I am curiuos?
Take Everything You Can, Give Nothing Back |
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Member Since Jun 23, 2010 284 posts
Winsor Hoang (www.ctsforex.com) (winsor)
Jul 16 2010 at 17:43
When using SMA, note that there is a big difference between open and close price setting. Do you know how to set the open and close price setting in SMA? It is important to select a trading tool but it is more important to understand how the tool works instead of using it because everyone else is using it.
Learn how to trade manually first before you start coding! |
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