Topic: No Need to Panic until MA10 Bends down (Read 1274 times)
10 MA bends down and rips his pants
Trend is our best friend. Always follow it. Let's be systemic traders instead of intuitive gamblers.
Hi all, I would say that you guys should never panic until the MA10 reverses itself and starts to bend down.
It looks like a Daily chart, so is that a Daily 10MA?
Yes, thats what OP is referring to. This is one of the very simple trading techniques
Moving average is a lagging indicator...
Correct. So basically the OP is proposing to follow the market, not to run ahead and to anticipate.
This is sound advice. At times you can indeed make a fortune with anticipation, but generally this counts as gambling.
To the contrary, closely following a larger scale trend, limiting your possible losses and not letting oneself influence by emotions and hype is more rational behaviour.
The latter does not yield so much returns on the single incident, but it does so more reliable. Thus, on the long run it pays out.
Hi all, I would say that you guys should never panic until the MA10 reverses itself and starts to bend down. The second point is that the opportunity only shows itself up once in a Millennium time, so don't waste it away.
It looks like a Daily chart, so is that a Daily 10MA?
Moving average is a lagging indicator...
Hi all, I would say that you guys should never panic until the MA10 reverses itself and starts to bend down. The second point is that the opportunity only shows itself up once in a Millennium time, so don't waste it away.
Would you mind clarifying some for us laymen? I get the general sense that your post is encouraging and positive, but don't understand why.
Pardon my ignorance.
Hi all, I would say that you guys should never panic until the MA10 reverses itself and starts to bend down. The second point is that the opportunity only shows itself up once in a Millennium time, so don't waste it away.
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