Atilla
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Hi guys,
I'm a BIG FAN of MAs and price cross overs.
True it is a lagging indicator - but so is establishing a trend. Trend is a lagging indicator.
Who picks out bottoms and tops - rare and based on luck.
When MA's start straightening out it tells you consolidation is taking place - coupled with BB lines narrowing it is a wicked indicator.
Based on your driving skills and which indicators you take heart from.
Also - when moving horizontal that's when one gets whipsawed. MAs tell you when market is trending and when idling...
Just another set of tools - that's all.
I'm a BIG FAN of MAs and price cross overs.
True it is a lagging indicator - but so is establishing a trend. Trend is a lagging indicator.
Who picks out bottoms and tops - rare and based on luck.
When MA's start straightening out it tells you consolidation is taking place - coupled with BB lines narrowing it is a wicked indicator.
Based on your driving skills and which indicators you take heart from.
Also - when moving horizontal that's when one gets whipsawed. MAs tell you when market is trending and when idling...
Just another set of tools - that's all.