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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: ig who wrote (536)	6/11/1999 11:46:00 PM
From: TraderAlan	Respond to of 18137

IG, I never use anything other than simple MAs on intraday charts but use exponential MAs almost exclusively on daily charts. The only exception is looking at a standard 20 day, 2 std dev bollinger band. The center average is "traditionally" SMA so I go with that. The problem with EMAs on intraday charts is that they're slower than SMAs and you need get your buy and sell signals early rather than late when you're day trading off 5-min bars. Perhaps if you're using 1-hour charts for longer swings, an EMA would be a better choice. Alan

To: ig who wrote (536)	6/11/1999 11:55:00 PM
From: Rick Faurot	Read Replies (2) \| Respond to of 18137

ig, As far as I know, I am using simple MAs, the ones that are available on Realtick. From what I have seen so far, what is more important is what time frame you watch and which parameters you use. I am using 5/15/30 periods on a 1 min chart of an individual stock. The 5/15 crosses are early and volatile, the 15/30 crosses are slow and more solid. As Alan points out, the present choppiness of the market makes the crosses pretty dicey to play. I need to put up a 5 min chart to smooth out the action and maybe put MAs on a DOW chart to track the market a bit better. My hope is that by the time I master the crosses we'll get back to some trending market action and I'll be ready to do more than scalp. Rick