I say you took an interst in my thinking so i take some in yours.
The issues i have with a system like this, and i actually tried it with real cash and demo, is that if you find a MA thats seems physical, which means it acts as S/R, its likely that price will sort of penetrate it and then bo back on the other side.
Its really just a game of S/R, and in my book, a good S/R is likely to halt price, and then its a question of if people think that price will go through that S/R or not.
To be precise, its not a matter of probatility or not if price goes through a S/R, its a matter of it the money behind the move think it will, contrasted with the amount of money somebody is willing to invest in orders at that level, which i practice is the S/R itself, that being the amount of money that somebody is using to place orders at that level.
But, as i have said many times and at many threads: MA 20, 39, 69 and 200. These are physical by empirical evidence mostly at E/U M1, but they seem quite physical at M30 and H4 too. I assume that it is central banks, ECB, FED that use these things in theyre EAs. I made a system based on only that a while back and traded it, but its quite hard to wrap my head around and it didnt seem very good in the end.
I realise this is an old thread, but seeing as you havent posted a newer thread about what you trade Billser, i thought i would do what i can, and share of what wisdom i have.
Over and out.
The issues i have with a system like this, and i actually tried it with real cash and demo, is that if you find a MA thats seems physical, which means it acts as S/R, its likely that price will sort of penetrate it and then bo back on the other side.
Its really just a game of S/R, and in my book, a good S/R is likely to halt price, and then its a question of if people think that price will go through that S/R or not.
To be precise, its not a matter of probatility or not if price goes through a S/R, its a matter of it the money behind the move think it will, contrasted with the amount of money somebody is willing to invest in orders at that level, which i practice is the S/R itself, that being the amount of money that somebody is using to place orders at that level.
But, as i have said many times and at many threads: MA 20, 39, 69 and 200. These are physical by empirical evidence mostly at E/U M1, but they seem quite physical at M30 and H4 too. I assume that it is central banks, ECB, FED that use these things in theyre EAs. I made a system based on only that a while back and traded it, but its quite hard to wrap my head around and it didnt seem very good in the end.
I realise this is an old thread, but seeing as you havent posted a newer thread about what you trade Billser, i thought i would do what i can, and share of what wisdom i have.
Over and out.
My signature is: "Classified".