DislikedTheres just one more post I want to do today about these 100lwma reversals. They are always at the high and the low of the day... What do i mean by that??? Have alook back at any 1 minute chart you like and you will see that every days high is a 100lwma reversal on the 1 minute timeframe. Interesting heh??? Maybe we could use that to find some large RR trades??? Have a look at this EURAUD chart from yesterday, notice how the 100lwma colour change after LO was the low of the day and how the 100lwma colour change after the NO was the high of the day,...Ignored
It seems to me that these indis can give us a good alert or ''heads up '' to look at PA more closely , and then the indis can really help to confirm the PA and give us that bit more confidence to pull the trigger .
And I feel honoured to get such nice replies from you top-trader guys .