Disliked{quote} I passed on this trade as well, as the 200 sma was just below. Price bounced right off of it, just like it did twice in September.Ignored
Someone in this thread had mentioned that going by sma alone is not sustainable in the long run.Ask any experienced trader. Right now many of our trades failed but we do not know why.Our main reason of failures seems to focus on ranging. But trading by itself cannot be too simplistic although we try to have a simple system. There are just too many other variables we need to consider before we pull the trigger. Thank you