Hi Apaton.I should state I am minnow as far as charting goes in...

Hi Apaton.

I should state I am minnow as far as charting goes in comparison to the likes of Robbbbbbb, Mongo, Volt, Totterdel, 10cents, mitta, GJ, funky, SBB etc etc

So basically anything I say that is deemed "right" is only what I have learned from those guys and anything deemed "iffy" is what I have need to learn.

Short answer to why I use it = Robbbbbbb

Longer answer =

I use all sort of things with my charts, moving averages is just one of them. I generally use 3 moving averages (8ema, 41ema and 195ema)

The 195ema gives a longer view of the overall trend of a stock with the earliest data of the 195 days having the least weighting and the most current data with more weighting. You'll see with MQG, the 41ema was resistance for it whilst it was trending down. Recently though the 8ema and the 41ema crossed up and seems to be holding up and hopefully a new trend starting. If there's no "event" to trigger a general market collapse, I'm betting (hoping! lol) on the 195ema being the next target