I'm testing cross CMA and it is amazing how TP are reached...this is BTC daily example
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Disliked{quote} 2. In your post #6908 you refer to "In the 1987 crash, the downward move formed a focal point in hourly centered moving averages and several months later, the montnly and weekly centered moving averages came through that same price". I have thought this through a lot, and studied it with examples of your 5 CMA method on my own daily and hourly matching charts. In these I can see how the hourly CMAs form a focal point much earlier than the daily, but these are often close together in time so please explain your observation "several months...Ignored
Disliked{quote} Hello Mr mrfeelgood. Thank you for your interest. I never said that. I just quoted Jim Tillman who wrote that in his interview in Technically Speaking. This seems logical. But we need to confirm it on several examples. A subsidiary question : how you determine that a 5 CMA 1 mn crossover is the future 5 CMA Crossover of a Montly, Weekly or Daily Chart ?Ignored
DislikedPlaced a buy limit and was waiting for it to get triggered to then do it on my MT5 but missed the action : ))) If only this was my live acc! AUDUSD {image}Ignored
Disliked{quote} Hello Mr mrfeelgood. Thank you for your interest. I never said that. I just quoted Jim Tillman who wrote that in his interview in Technically Speaking. This seems logical. But we need to confirm it on several examples. A subsidiary question : how you determine that a 5 CMA 1 mn crossover is the future 5 CMA Crossover of a Montly, Weekly or Daily Chart ?Ignored
DislikedIt is always tempting to get in a position at the top or the bottom. Thinking to get in at the beginning of the move and not missing out. Sure there are times that it works. But we all know how many more times it doesn't. Waiting for confirmation and getting in after you get your signal is always better. More difficult than that, taking the profit. You could never know where to exactly get out to have taken the ultimate profit. In my opinion, When it comes to getting in a position, boring is best. When it comes to taking the profit as planned, quick...Ignored
Disliked{quote} Alain, would like your thoughts on this.....A few years ago, (about 10) Rob Booker and his groups were on a mission to find the best overall moving average for currencies. They backtested hundreds of hours of Cable, Euro, GJ, CHF, EJ and so on. and they came back with the 800 Simple Moving Average was their choice as the best overall. No Emas, No Smoothed, No High, Low, Close /3 and so on....just a simple 800. Over the years, I have often seen this hold true, and being its an Octave numer, or 8 being a Fibonacci series, there is some validity...Ignored
Disliked{quote} ADDENDUM Parisboy - OK I have answered my own confusion >>> posted here for others confused also >>> On p17 of Altmans guide, he states that Hurst used SMA's displaced backwards and he calls these 'çentered' : so more accurately these should be called displaced MAs or DMAs, because they are different to mathematically CMAs . Anyway, the method works, so it is semantics - but at least I am clear now thanksIgnored