Click here for more information about our publications! To read more articles like this click here for our FREE TRIAL today! Advertising Editorial Circulation Contact Us BY PHONE: Past Issues Back Issues Archive Traders. Article Archive Search Subscribe Renew Login Forgot Subscriber ID? Free Trial Reader Service. Search Advanced Search Products Companies Messages Top 10 Request Information. Contact Us Affiliate Advertising Help. Advertising Department Editorial Department Circulation Department Address Change Employment Center Privacy Statement. HOT TOPICS LIST MACD Fibonacci RSI Gann ADXR Stochastics Volume Triangles Futures Cycles Volatility ZIGZAG MESA Retracement Aroon. LOGIN Subscribe Forgot Subscriber ID? Contact Info SITE INFO: Filtering your trading system's output with Guppy moving averages can help keep you on the right side of most major market moves. I've combined the Guppy averages with some of the Rahul Mohindar RMO trading system components into one easy to use template, one that even new traders can use to do a little selective filtering of any given trading system's signal output. Here's a look at some of the advantages of combining both powerful trading tools. Trading with the trend is a popular expression. With the Guppy moving averages, you have an objective technical means by which to determine the primary trend in any given time frame. Rahul Mohindar RMO and WB ProfitTrader. Using all three in a thoughtful way can strategies give you more confidence when a low-risk trade setup appears see the setups within the two rectangles on the chart as well as help you steer clear of setups that have a poor risk to reward ratio see blue oval on chart. Now, we all know that you're not supposed to cherry-pick trade system signals, and for the most part that is sound advice, assuming you've got a trading, backtestable system that produces a steadily rising equity curve. However, at this time, MetaStock does not provide a way to objectively backtest the RMO swing trading signals, meaning that traders who use the standard version of the system that comes out of the box are left to determine how to decide which signals are preferable in a given situation. Guppy moving averages may be just what we need to filter out all of the countertrend signals, keeping us safely on the right side of the dominant market trend. This article is not the place to provide an exhaustive tutorial on the use of the Guppy moving averages, but here's the big idea: The long-term set of exponential averages, set at 60, 50, 45, 40, 35, and 30 periods, are meant to provide a means of determining the long-term trend for any given time frame. In such a case, a wise trader will wait to enter a position when both the tradable in question and its short-term set of exponential averages set at 15, 12, 10, 5, and 3 pull back toward the longer-term set of averages, just like we see in the setups highlighted in the rectangular guppy. Then, when the market makes a new move in the direction of the original trend, the trader can use his or her preferred mode to time a new long or short entry. In this case, I'm using the RMO swing trade signals, but you can use any trading system you like, simply filtering the output through the Guppy moving averages. If you look at the most recent RMO swing trade sell signal blue ovalyou'll observe several things that are different from the two previously highlighted: Do these four negatives points mean that this guppy an invalid short trade signal? Not at all, but the probabilities for a winning trade are less than they were when the other two featured setups originally appeared. And since this is a de facto discretionary method, it only pays to use a little common sense and wait for a more favorable setup, perhaps one in another stock that is exhibiting some of the more desirable characteristics that were mentioned earlier. Try the Guppy moving averages in your own charting software and see if strategies don't help you get a much better handle on the primary trend of the markets you regularly follow. It will be time well spent. Pendergast is a financial markets consultant who offers specialized services to stock brokers and high net worth individuals who seek a better bottom line for their portfolios. Writer, market consultant Company: Linear Trading Systems LLC Jacksonville, FL Phone for sales: Article Usefulness 5 most useful 4 3 2 strategies least useful. GorillaTrades NinjaTrader, LLC Kinetick NinjaTrader AbleSys Corporation ASCTrend Indicator AbleTrend ablesys. Candle Patterns Candlestick Charting Explained Intermarket Technical Analysis John Murphy on Chart Trading John Murphy's Chart Pattern Recognition John Murphy's Market Message Guppy Analysis MurphyExplainsMarketAnalysis-Visual Analysis StockCharts. Charting the Stock Market: Executive Premier Workshop One-Day Options Course Retirement Income Workshop Sure-Fire Trading Systems VectorVest, Inc. Gene Hunter NeuroShell DayTrader Professional NeuroShell Trader NeuroShell Trader Professional Worden Brothers, Inc. FREE Worden Training FreeStockCharts. Trend Following Park Avenue Consulting WallStreetWindow Consistent Options Income. MetaStock 11 comes preloaded with a Guppy moving average template, and it's one that serious traders would do well to familiarize themselves with. Linear Trading Systems LLC has not added any product or service trading to T RADERS' R ESOURCE.
While the genre of chat or email does not look much like a finished product, it is the engagement in discussion of ideas that is important about it, just as journal-writing focuses on regular writing or response rather than finished text.
While the genre of chat or email does not look much like a finished product, it is the engagement in discussion of ideas that is important about it, just as journal-writing focuses on regular writing or response rather than finished text.
The next step should be a proper public debate on vaccination.