How to Invest Using Simple Moving Averages — And Which Chart to Actually Use You do not need 12 indicators or a 1-second candle chart. Two moving averages, a daily chart, and four clear rules are all it takes — plus the CPA take on why your Roth IRA is the perfect account to run this in. Quick Answer: Use the daily candle chart with a 50-day and 200-day simple moving average . Buy when the 50-day crosses above the 200-day (Golden Cross) and price pulls back to test the 50-day. Exit when price closes below the 200-day or the 50-day crosses back under. That is the entire system. The 1-second candle chart is for professional algorithmic traders — not for long-term investors building wealth. Which Candle Timeframe Should You Use? FIRST THINGS FIRST The most common mistake new chart readers make is picking the wrong timeframe. The rule is simple: your candle timeframe should match how long you plan to hold the trade. A 1-second candle shows you...