Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Moving Averages and Stochastic – Not Trading Tools but Good Confirming Tools

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    Moving Averages and Stochastic – Not Trading Tools but Good Confirming Tools Empty Moving Averages and Stochastic – Not Trading Tools but Good Confirming Tools

    Post by Lobo Tue 15 Aug 2017, 1:24 pm



    QUESTION: Mr. Armstrong; What is your view of moving averages? Can they really be used for trading?

    Thank you

    KL

    ANSWER: No. Moving averages and stochastics are nice confirming tools. They are incapable of forecasting a high or low. They also do not reflect magnitude of a move. They can be a useful confirming tool, but nothing to actually enter a trade on that is consistent.
    https://www.armstrongeconomics.com/armstrongeconomics101/training-tools/moving-averages-and-stochastic-not-trading-tools-but-good-confirming-tools/

      Current date/time is Tue 25 Jun 2024, 12:35 am