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I'm looking for documentation on how to read and use the Guppy moving averages. I could not find intersting websites on the technic of trading with Guppy.
Could somebody tell me where I could find good links?
dvarrin,
Personally, I think this (as well as the XPMa) is another "looks good, makes me feel good, takes away from real basic simple trading " kinda thing that, in the end, doesn't really make a difference in our day to day but here's some info nonetheless:
Quote:
Originally Posted by dvarrin
Hi,
I'm looking for documentation on how to read and use the Guppy moving averages. I could not find intersting websites on the technic of trading with Guppy.
Could somebody tell me where I could find good links?
There's trillions and trillions of ways and systems to use MA's. Just Google "forex moving averages" and you'll come up with thousands of results. In a nutshell, a moving average is exactly what is says. It averages out the price over a certain amount of periods or bars. The shorter the periods, the more closer it is to the price movement. The bigger the period, the smoother. It helps to the eye and mind to generalize the price movement for trading decisions. Improtant though is that it is a "lagging" indicator. Meaning, when you see the signal for oppertunity, it's probably in the middle of it already. It's best to combine it with other indicators if to use it for trading decisions.
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