I dont use this system, i mean i dont use MAs. But I trade naked 5 min chart with hand-drawing trendlines. Totally agree with u on the pull back issue! It also costed me lots of time to figure it out. Now, I'd like to say: S&R+trendline= best entry (U know, when they r crossing. Yup, these's loss sometime, but not often)
Perfect - just my style of trading!
About time wasted - yes, that is why I don't want to b...s.... people anymore and I am just telling them what is working for me. I am no longer telling people what/how to do trading or promoting any trading system. Just what is working for me and the principles of this system is working for me (adapted to suit my style of trading).
Enjoy the trading!
Willem Forex recipe for success = Patience, discipline & hard work.