Simple Moving Averages

Email Excerpt

Are there any simple moving average numbers that are especially important which you use in your trading? Also, I did appreciate your straight forward remarks in your article on Fibonacci...

Email Response

Thank you so much!

I know a lot of traders use a number of different moving averages, but the ones I have found to be the best to use on intraday time frames are the 20 and 200 period simple moving averages. I also will use a 10, 50, and 100 from time to time, particularly on a daily and weekly time frame. Some securities will hold a 40 period simple moving averages better than the 50, however, so it's worth scrolling back to see how it reacted to earlier support levels to gain a better feel for which will work the best under more current circumstances.

All my best,
Toni

P.S. Blog readers can check out my article, Fibonacci Trading with Toni Hansen, at TradingMarkets.com at http://www.tradingmarkets.com/.site/stocks/how_to/articles/-75282.cfm



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