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Quick question for a noob:
They say that watching moving averages will not work during range bound trading. Is this because that moving averages are lagging and by the time you get the signal, the opposite may be happening?
I am watching 5 and 9 day moving averages and looking for crossovers as it lags less and a little bit extra to have signals call early. This is one of the strategies that is being used by this group I just joined. <--aside: this group mainly trades options, but I found out that I can't stomach it and keep my day job.
So with a shorter EMA, will still be more effective with range bound trading?
Lastly, as a check-I am checking the Hull Moving Average and quick review of MACD.
Thank you in advance for any input.
Papertrading
SQQQ (Nov 14 )
TZA (Nov 14)
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