Joined Nov 2005
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Status: Trading, writing, conquering.
|721 Posts
I believe you have found what the long term Moving Averages are best used for, support and resistance. I use a similiar set-up to confirm my trades in my system (my journal is here to see what I mean), but use a 200SMA and 50SMA.
Your method simply keeps you doing the most basic of things to stay successful, trading with the prevailing trend, which whill help you in trending markets, they then form nice resistance/support in ranging markets which is an added bonus.
You can quit and they won't care, but you will always know.
