Disliked{quote} Okay... Another simplifying assumption I'd like to propose: You should only trade in the same direction as the SMA(128). What do you think?Ignored
I think this has to be tested too.
Look at this EURUSD 1 mn Chart
CMA 256 and 128 are down. They have even merged.Now CMA 128 goes slowly Up to go through the confirmed Focal Point 163264
Price goes Up as well as CMA 16 and 32. CMA 64 extension seems to be building a new lower Focal Point 163264.
But is it the end of the bearish Swing or will it go lower ?
That is the question we need to look at other parameters