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
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
Jun 22 2010 at 19:13
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.
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.
Jun 23 2010 at 11:21
This will help. Thank you pingman :)
Jun 24 2010 at 01:28
'5/8' I am curiuos?
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.
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