I am NOT a fan of moving average systems, BUT....
It just occured to me, if you look at the weekly charts of all pairs, and set an MA 75, there might be something there.....
The idea is, to look back over 10+ years of W1, and find the farthest away (in pips) that the price moved off the MA before it retraced.
Armed with that data, when the price moved that far away from the MA again, you could "guess" a retrace back to, say, the MA 40 or so.
Of course, you would get burned if the price moved further off the MA than it ever did before.
I hope this makes sense.
PS) This definitely keeps you out of choppy markets, but the weakness is in a strong trend continuation. I think running some stats on this would be useful.
It just occured to me, if you look at the weekly charts of all pairs, and set an MA 75, there might be something there.....
The idea is, to look back over 10+ years of W1, and find the farthest away (in pips) that the price moved off the MA before it retraced.
Armed with that data, when the price moved that far away from the MA again, you could "guess" a retrace back to, say, the MA 40 or so.
Of course, you would get burned if the price moved further off the MA than it ever did before.
I hope this makes sense.
PS) This definitely keeps you out of choppy markets, but the weakness is in a strong trend continuation. I think running some stats on this would be useful.
