Moving Averages: Which one should I use?

[Blaze 10]

I am looking to trade the dollar on a 5 minute timeframe. Can anyone recommend a set moving averages that I can use? Do I need to use a shorter moving average for a shorter time frame? Or does this not matter at all? Thanks

[Fxtrader06 10]

I am looking to trade the dollar on a 5 minute timeframe. Can anyone recommend a set moving averages that I can use? Do I need to use a shorter moving average for a shorter time frame? Or does this not matter at all? Thanks

 

I personally trade use a 20, 100, and 200 moving average on a 5 minute chart. The best set is to use a shorter MA combined with a longer MA. If price is above both moving average's look for a long setup. If price is trading below both moving average's look for a short setup. Try experimenting with it first. You will find ones that you will like.

[Soultrader 12]

I don't use any moving averages for my intraday charts. I trade using a 233 tick chart mainly. However, for my daily charts I use a 9, 21, 50, 100, and 200 moving average. I dont necessarily play the crosses but use them to find cluster zones that act as support and resistance. Every trader has their own way of using moving averages.

 

Another commong moving average for short term trading is the 8-period moving average. This is not my choice but here's a rule one trader told me a while back:

 

"If price is above the 8-period moving average, trade from the long side and not from the short side. If price is below the 8-period moving average, trade from the short side and not from the long side."

 

Simple trading tactic based on going with the trend. Hope this helps.

[Lisa 10]

I personally trade use a 20, 100, and 200 moving average on a 5 minute chart. The best set is to use a shorter MA combined with a longer MA. If price is above both moving average's look for a long setup. If price is trading below both moving average's look for a short setup. Try experimenting with it first. You will find ones that you will like.

 

Yep I find the 200 MA working like magic on a 5 minute chart.

[Blaze 10]

Is it better to apply the same set of moving averages to all my timeframes? I use a 5min, 15min, and 60 min chart.

[Piptrader 10]

Is it better to apply the same set of moving averages to all my timeframes? I use a 5min, 15min, and 60 min chart.

 

Probably a good idea Blaze. I may use a different set on my daily charts but I keep the same set on my intraday charts.

[Soultrader 12]

Is it better to apply the same set of moving averages to all my timeframes? I use a 5min, 15min, and 60 min chart.

 

I have a perfect book recommendation for you if you want to learn more about multiple timeframes and moving averages. I dont recommend it for the experienced though.

 

 

Marcel Link - High Probability Trading

[Blaze 10]

Thanks. Will check it out.