They are of different types. I recognise it the heart beat of market . Where it stands for you or how you use in your trading!!?
I am an average person, and I move sometimes, so I like moving average
in market or in your life?
Both. I use EMA daily but don’t move much in life.
I should move more in life
Do you want to hit the finish line too early?
I am already late Himanshu, so yes if I have the chance, I would love to reach the finish line and call it a day
If we target stars, then can we crack light bulbs, it’s good to keep high dreams and work for them
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Of course. One has to keep pushing oneself if one needs or one desires. I started with FD, and reached till FnO.
But as one gets older, he gets to appreciate time more than money, so my statement was w.r.t. time
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Himanshu darta nahi, kyun ki Himanshu jaanta hai ki darr ke aage jeet hai
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Well you can use it for confirmation indicator(I don’t prefer) or moving average is the best as a baseline like what is the overall trend. For me it is a sign not go for reversal or reversal trading. Essentially prevents me from being a reversal trader and being trend trader.
For example , so based your confirmation indicators:-
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If price is below your moving average, you will go short only , all long signals are ignored.
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Likewise if price is above your moving average , you will go long only, all short signals are ignored.
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For a cross over i.e price crossing the moving average, I usually suggest have volume/ volatility/ momentum indicator(choppiness index, MACD histogram etc) to confirm and take trade.
Bonus:- often times in cases of black swan or major news event , you are lot protected . From what I have noticed market gaps , news events work in your favor if you follow above mostly
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