Keep in mind, the shorter the time period used the quicker the MA is to respond to a price movement. While, of course, the longer the time period the slower the moving average line is to react. Since an Exponential Moving Average (EMA) is calculated so that more importance/weight is given to the most recent closing price I think I'll mostly use EMA's. I should also be looking for these MA's to help determine support and resistance levels.
Seeing how prices are reacting to these levels will help determine where to place my stops.



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