Pharaoh
Brigadier General
- Messages
- 20,308
Has anyone else tried Guppy Multiple Moving Averages? If so, which pairs and time frames do you use? Do you use any other indicators or just the Guppy MMAs?
For those of you who don't know what this is, place these moving averages on your chart:
Short EMAs (Blue)
3, 5, 8, 10, 12, 15
Long EMAs (Red)
30, 35, 40, 45, 50, 60
There are many variations, but I believe these are the basic starting point. I'll know for sure when my copy of Guppy's Trend Trading arrives in a couple of weeks.
People have used these on anything from tic charts to monthly charts. Personally, I've been playing with them on 4 hour charts for a couple of weeks now. I'm still learning, and have crashed and burned a few trades, but have also scored 200 pips on a trade that lasted 3 days. Now if only I can get the winners to outweigh the losers.
If nothing else, my charts are pretty to look at, even if my profits aren't.
For those of you who don't know what this is, place these moving averages on your chart:
Short EMAs (Blue)
3, 5, 8, 10, 12, 15
Long EMAs (Red)
30, 35, 40, 45, 50, 60
There are many variations, but I believe these are the basic starting point. I'll know for sure when my copy of Guppy's Trend Trading arrives in a couple of weeks.
People have used these on anything from tic charts to monthly charts. Personally, I've been playing with them on 4 hour charts for a couple of weeks now. I'm still learning, and have crashed and burned a few trades, but have also scored 200 pips on a trade that lasted 3 days. Now if only I can get the winners to outweigh the losers.
If nothing else, my charts are pretty to look at, even if my profits aren't.