Thanks! The 63 day sma represents 3 months of TRADING days, (one quarter). IMO, this line actually represents something, as compared to the 50 day, which is just a nice round number and that’s it!
In my experience, the 63 day works better. Just take a look at NVDA very recently, as an example. There are so many other examples. My “conspiracy theory” is that many institutions use this line instead, in order to build positions and exit them.
Hey Richard, enjoy your work! Here’s a trade for you. I’ll tell you why I use a 63 day sma if you tell me why you use a 65 minute chart. BTW, I’ve been position trading stocks and bonds on a full time basis for the last 30 years. No clients, don’t want any.
Thanks dave, the 65 minute timeframe splits the day into equal time segments and I find it provides good granularity but less noise than smaller TFs. 78 minutes would also do the trick
As you can imagine, I also use the 126 sma instead of the 200 day . LOL!
Whatever works and makes sense for you!
Thanks! The 63 day sma represents 3 months of TRADING days, (one quarter). IMO, this line actually represents something, as compared to the 50 day, which is just a nice round number and that’s it!
In my experience, the 63 day works better. Just take a look at NVDA very recently, as an example. There are so many other examples. My “conspiracy theory” is that many institutions use this line instead, in order to build positions and exit them.
Ross Haber uses the very similar 65 ema, He's found it "catches" a lot of stocks that break through the 50 sma momentarily
I’ll check it out. Thanks!
Hey Richard.
I got a subscription to Deepvue. It’s great, but I can’t seem to pull up the Deepvue Universe preset screen. It is not linked at top.
Can you help?
Thx.
Hi Terry, head over to presets, down to the Deepvue category, and it is in that section, let me know if that works
👍 thank you Richard.
Actually I clicked on “My Screens” at the top left to see “Saved Screens” and “Screener Presets”.
Then I saw 8 Deepvue scans. The Universe was one of those.
Thanks again for your help.
No problem!
Hey Richard, enjoy your work! Here’s a trade for you. I’ll tell you why I use a 63 day sma if you tell me why you use a 65 minute chart. BTW, I’ve been position trading stocks and bonds on a full time basis for the last 30 years. No clients, don’t want any.
Best regards,
Dave McKay
Thanks dave, the 65 minute timeframe splits the day into equal time segments and I find it provides good granularity but less noise than smaller TFs. 78 minutes would also do the trick