Dow

Idiodyssey did you try the link, it seems to be working. Anyway I'll try to attach the image, fingers cross.

Hi Ocean

Your chart does not display

Are we still in the uptrend channel on the daily?
Have we seen the low on the DOW today?
Please share your views.
Thank you

www.dropbox.com/s/bh54m2uy7vp8j3c/Dow%20...aily%207.11.2012.gif

Amo wrote: Of course. I couldn’t make out the chart properly. Thanks for the reply Jackozy. Learning everyday

In regards to moving average's is there any rules around this or is it each to their own? I notice 20 50 and 200 is commonly used but then I've also come across 8 and 30 being a common indicator. Then there is EMA and SMA. Again is this all about individual preference?

Hi Amo

If you click on the chart it actually goes bigger on my charts so that you can clearly see it. This is done via the image link if anyone else wants to know how i have done this. Theres a video on how to do this.

chartsview.co.uk/index.php?option=com_ku...0&lang=en&view=topic

With regards to the moving average.
200 day moving average is the most important one. This determines the trend. Above is bullish and below is bearish.
50 day is also used a lot for medium tem view and 20 days for short term. Generally speaking everyone uses these differently.

EMA is for exponential moving average.

This type of moving average reacts faster to recent price changes than a simple moving average.
This gives more weight to recent data than a simple moving average



SMA is for simple moving average
This is basically the average of a given number of days.

EMA reacts faster than SMA due to more weightings from the recent data.
It can also give you more false signals.

I normally play with both and see which one fits better then use that.

The shorter the moving average the quicker it moves.
Some people use 2 moving averages to trade of,for example a 8sma crossing a 30 sma could be used to give a buy signal or sell signal.

dyor
remo

Amo, the trend originates back in Oct 2011 and so has three touchy feelies

Of course. I couldn’t make out the chart properly. Thanks for the reply Jackozy. Learning everyday

In regards to moving average's is there any rules around this or is it each to their own? I notice 20 50 and 200 is commonly used but then I've also come across 8 and 30 being a common indicator. Then there is EMA and SMA. Again is this all about individual preference?