Me to, all wrong do the oppiste, retire, thanks muchly! CNBC got paid to get it all wrong in the old days, likely still today not watched it in 10+years.
Back to this moving average crossover. It looks like my trading buddy would have done well to use this system lately. Anyway, after discussing with an experienced trader, apparently 100ma has some mathematical validities and covers more than moving average perspective!!! The discussion was too deep at a stage. The only thing I understood was that 10*10 ( 10 squarre) =100!!! lol. The various timeframes will be chosen from his perspective ( scanner). So no much work for me there. The last issue : spreads as too small timeframe would eat up a lot of spreadpips. I am keeping track of these. The stops : now defined tighly. The target ( aka when to exit) : we'll take a simple approach of swing low broken ( uptrend), swing high broken ( downtrend). The pip size : just the 10 first few trades, are test trades so very small. Then I'll ramp up.
OK so now the trading is starting. Few months on demo , before going live. "Very Deep pockets" need to be reassured first and want to see from their own eyes how careful I will be with their money. Fair enough. To reassure "Very Deep Pockets" ( VDP, a bit like vip but in better), I'll go for a 0.05% capital risk per trading session. Obviously I 'll have to pyramid ( so only trend trading here) to build a cushion, then I'll risk 50% of the day profit to try to reach the target so that I can take a rest the rest of the month. The goal is still to have a maximum amount of rest.
As I am non-serious trading, till the last "spirituality" issues got processed - I might as well get back to my moving average crossover. Stupid to trade when stress is very high. Just thinking of a set of tests I can do to not waste my time. separate situations for the tests - price comes down to the 100 value - price is coming up to the value for different timeframes entry candidates, build the lower time frames possible states. That should be of interest.
Are you still an advocate of simply following the 9 SMA? It's been 4+ years. Just wondered if you still held to that line of thinking? Thanks in advance for sharing your thoughts.