Replies to post #2842 on Invesco QQQ Trust Series 1 (QQQ)

[royg1927]

Paul, hello,

Maybe I would do better if I put moving averages on my intraday charts (and studied them, <vbg>).

What would you suggest for the 5 and 15-minute charts which are the ones I use most?

Simple or exponential?

[Devoid_Lucci]

The ones that I find the most useful are the 20smas on each time-frame.

Same here. 20sma or 22ema on intraday swings. Roy, the 22ema (suggested by Farley) is the only trendline I keep on my intraday Streamer charts (5, 10 or 15 min). I find that it represents S/R during trends. Less important during ranging/consolidation.

20sma is the center Bollinger Band which is very important in multiday swing trading of trending charts. Often you can trade back and forth between the 20sma and upper or lower BB piercings.