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DislikedHi ale
Yes, I like "fake (false) breaks."
It is one of the methods I use currently in trading.
*combining with PA, TL, SL, RL and MA.
Pls. keep up your chart analyst.
BTW, what MAs shown in your charts?
Happy Trading, pal.
CheersIgnored
DislikedHi Pat, mas are simply 100-50-30 sma to show the trend (thanks to Mr.Hector Deville), but I'm not so sure this is the best filter...gonna tryIgnored
DislikedHi ale
I read many commented those "big boys" are using the combination of 50/100/150/200 all in SMAs.
I also read some pros use 5/13/62, 5/10, 8/21 (all in EMAs), 5/20 SMAs...also read some are using single MA like 5, 20 or 21 (SMA or EMA).
IMO, it is depending on the preference of individual trader to suit his/her trading sytle/method.
If you already followed your "master" like Mr. H D, then just proceed with it.
Myself currently using 5, 8 and 21 EMAs.
FYI I do NOT rely purely on EMAs.
CheersIgnored
DislikedAlthough I thank E.D. because I'm using an "indicator " of his, I don't say he is a big boy
Thanks for your advice I keep testing this way, then I'll see...Ignored
DislikedMy understanding about "Big Boys" are referring to large bankers, large brokers, central banks, or large financial institutions.
I guess you meant Mr. H D is a professional trader?
CheersIgnored
Dislikedhi !
what MAs do u use ? ( simple or exponential ? )
is it the same(MAs) for all the timeframes ?
u have tried this on only 5min and daily charts ?
on what pairs have u tested this on ?
thanks .Ignored