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Wednesday, April 24, 2024

The Power of Simple Moving Averages, Part 2

Courtesy of Read the Ticker.

the-power-of-simple-moving-averages-part-2In the end the greatest decisions around price action is made near or on a simple moving average.



The trading whales out there do not care about sophisticated RSI math, they care about critical price levels, and most of the time a simple moving average is on or near the price level.



More from RTT Tv








Apple Inc



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Bitcoin (BitStamp)



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Sure fundamentals do matter, and so does market timing (entry, stops and exit), here at readtheticker.com we believe a combination of Gann Angles, Cycles and Wyckoff Logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. With our website you can chart any security in the world.



NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



…“It is impossible here to give an adequate idea of the Law of Vibration as I apply it to the markets. However, the lay man may be able to grasp some of the principles when I state that the Law of Vibration is the fundamental law upon which wireless telegraphy, wireless telephones and phonographs are based”…



William D Gann





Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.



Bruce Kovner





..”The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.”..



George Soros







..”October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”..



Mark Twain





..”it is better to have few stocks and to watch them carefully”…



Bernard Burach







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