Recommended Moving Averages
by Trader Rich
I want everyone that visits this “project” to know that this is a
learning platform for you and I. Everything that’s posted here
is done so because I feel like you can learn from what foreign
exchange information I come across. I also believe that learning
from my mistakes is also very beneficial. I want everyone to feel
free to comment on any or all posts. I will be adding a feature
in the coming days so that you too can post information you may also
feel beneficial to the “project.”
With that said, I’m currently
reading a book “Technical Analysis Explained” by Martin Pring.
This is by far the best book I have read on technical analysis.
Other books I have read show you technical indicators that you
should
look for but don’t really explain them or give practical
examples. I’m
reading the Moving Averages chapter and he has suggested using
different moving averages for different terms. This is well know
information but it is hard to find the actual time frames to actual
experiment with. I should point out that I say experiment because
there is no moving average time frame that will always give you the
correct signals.
| Short-term | Intermediate-term | Long-term |
| 10-day | 30-day | 200-day |
| 15-day | 50-day | 45-week |
| 20-day | 65-day | |
| 25-day | 20-week | 12-month |
| 30-day | 26-week | 18-month |
| 200-day | 24-month |
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Please advise me on the best moving average to be using in my trade and other indicator to be using.in other to make a good return