Master Trader – How To Use Moving Averages on Multiple Time Frames – Part 2
Moving averages are great technical analysis tool if you know how to use them, but most traders have been mislead by the indicator based method.
Moving averages plot the average price over a certain number of data points.
They are used on all trading time frames and smooth out the direction of the instrument.
Learn how you can objectively use moving averages to “speed up” your analysis.
If moving averages are not in alignment with price support and resistance and the trend on Multiple Time Frames (MTS), then they are misleading squiggly lines.
However, using Master Trader Technical Strategies (MTS) for investing and trading significantly reduces the “subjectivity” that comes with technical analysis.
What You’ll Learn In How To Use Moving Averages on Multiple Time Frames – Part 2
- What are moving averages and how to objectively use them to speed up the analysis using MTS and reduce the “subjectivity”
- Why the indicator-based methodology is misleading and confuses
- Why subjectively relying on moving averages can produce “mirage” information.
- How “looking to the left” is the real truth of support and resistance
- Why our common-sense approach to investing and trading using technical analysis is a simple approach to generating reliable profits
- How to scan for new trade setups and discussion on moving average alignment on MTFs using MTS for high-probability setups
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