Day Trading - Moving Averages vs Support and Resistance

Written by Mike Reed

When day tradingrepparttar SP and Nasdaq futures, do you rely on your moving averages more than your support & resistant areas?

Duringrepparttar 148866 first hour of trading,repparttar 148867 support and resistance zones onrepparttar 148868 SP and Nasdaq futures arerepparttar 148869 most important things to watch. The moving averages have not yet had a chance to come into play.

After that, if a trend is developing I watch several key exponential and simple moving averages onrepparttar 148870 2 minute,repparttar 148871 5 minute andrepparttar 148872 13 minute SP and Nasdaq futures charts.

These specific moving averages give reliable support and resistance forrepparttar 148873 market as long asrepparttar 148874 slope ofrepparttar 148875 moving averages are fairly steep, indicating a trend. When there is no trend,repparttar 148876 moving averages are flat and pretty much worthless.

When a trending market makes a countertrend move, and hits a key moving average on two or more different time frames atrepparttar 148877 same time,repparttar 148878 probability of a good trade setup increases dramatically. If you get three hits atrepparttar 148879 same time, itís even better. Sometimes youíll see one key moving average get hit onrepparttar 148880 five minute SP chart atrepparttar 148881 same time another moving average is hit onrepparttar 148882 13 minute Nasdaq chart. This also gives a good trade setup.

Debt consolidation...reduce your monthly debt payments now.

Written by Terry Till

Debt consolidation is frequently becoming a very familiar term used in these consumer frenzy-spending times when everything that is available to purchase is often presented withrepparttar availability of a hire purchase agreement.

Whilerepparttar 148865 goods that we want are made more easily available for us to purchase this way, we should also be aware ofrepparttar 148866 financial situation that this can place us in if taken to an extreme degree.

When deciding to purchase an item withrepparttar 148867 assistance of a loan or hire purchase agreement, it would be most prudent to spend some time first going through your existing finances and outgoings and see exactly what situation this new purchase will place you in.

Comparerepparttar 148868 APR(Annual Percentage Rate) offered byrepparttar 148869 shop or store with other available forms of credit such as credit cards or bank loans etc. Many credit cards now a days offer very competitive rates for new purchases, even some can be found that offer a 0% rate of interest which on an expensive purchase can make a substantial saving and in turn reducerepparttar 148870 monthly amounts repayable.

However, if you find that unfortunately you are in a situation where you are having problems repaying your monthly loan repayments or overall outgoings it is ofrepparttar 148871 utmost importance that you take immediate steps to correct this situation.

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