Moving Averages discussion

BollingerBands with weighted MA HLC/3 on range bars

 

You left out the most important thing: which are the rules to enter an exit?

Without these rules your chart has no value.

 

So...What is price most likely going to do, tomorrow, based on your chart? That's all that matters, yes?

 

Probably he does not know that now. But it is good enough to know it a few minutes before it happens.

 

Huh? Wha? Tomorrow is 6PM ET for the MNQ. So what does that chart say is going to happen, most likely, at 6PM tomorrow?

 

Will be able to tell you after 6PM and say "see the indicators told me so".

 

I know this already.

 

I don't disagree. But a 55% accuracy rate is enough to make a decent profit.

 

I am slow but am I understanding your logic correctly? Feedback appreciated!

ENTRY AT OPEN OF BAR IF:


CL.1>OP.2*1.10 current bar + previous bar = bullish not pure doji

OR

CL.1>LO.1*1.08 current bullish bar and not pure doji

OR

CL.1>CL.2*1.08 current bar close > previous bar close at least tiny bit

OR

CL.1>OP.2*1.10 (sic! Repetition to first line)

OR

(CL.1>OP.1 AND CL.1<HI.1*.97) current bullish bar and not close at high

OR

(CL.1>OP.1 AND HI.1>OP.1*1.05) current bullish bar and not pure doji


EXIT: AT CLOSE OF BAR

 

Of course, the past is not necessarily the future. But the future often repeat the past. Most stocks often show complete "disrespect" of the moving average. If one is using moving averages, then it's best to stay away until they start to respect it. ALL stocks will break moving average at some point in time. Once a stock is starting to track the moving average, be patient and not to hop onto it too early. Because, 7 in 10 will break the moving average early. Once it past the early phase, 3 in 10 will fail. I use VEEV as an example(not a recommendation).