144 x 77 ema and 77 ema method

hi

new idea that goes for 1-1 risk rewards

i am using all major pairs on the 15 min timeframe

if the 77 is above the 144 ema shift 77 then only buy when the price hits the 77 and target the swing high

77 below 144 ema shift 77 then only enter sell at the 77 ema

these are pullback zones

no pullback no entry

so say the 77 under 144 x 77

wait for a price hitting the 77 and enter , target is the swing low area ans stop loss is = 1:1 rr

enjpy

this is my template

enjoy

There are dozens and dozens of methods with moving averages of all types and they rarely work. Why?

1) moving averages must be proportionate to the TF you want to work on. Your moving averages are too long for a 15-minute TF. In 15 minutes anything can happen before the moving averages can react.

2) With moving averages you need to work on at least two-three contiguous TFs to identify the big trend, the confirmation and the entry.

3) Often a pullback is not followed by as much strength and the price instead of continuing its run reverses and goes beyond the moving averages in the opposite direction. And this happens because the market opening times and news are not observed. People run after the price when it has already exhausted its run.

4) Every trader has his own time frame and not all time frames are good for working with moving averages because the market is too weak. Working with moving averages and all the indicators derived from them requires infinite patience and mental and psychological resistance.

5) Moving averages do not help to anticipate the market, but they react when it is too late. And this happens with all indicators and oscillators.

6) If you want to improve your system use M1 and M5; Ema 144 and 89; Time: one hour before and one hour after the opening of individual sessions (I-Session indicator) and work a maximum of two hours and a dashboard that shows you trends such as the MA MTF Display nmc. This last indicator sometime needs to be updated.

7) in addition you can analyze the M30 and H1 candles with M-candle. But this is another topic.