price action can trick you also, like in short/long traps, or a small pullback that can take you out of a trade when it's still in your direction
Price often reacts around the 50 and the 200 simple moving average; hugging it, bouncing off it, sailing through and returning to it - and at these times we can often see simple price action and candlestick patterns. IF you find this to be the case in the timeframes you trade, here's something that might be interesting. Throw a 500 sma on there. It's not often 'in the way' because it's usually out there around Jupiter somewhere but when it comes into the neighborhood of price, does it elicit a price action response as the bars go by? Post up CHARTS of to illustrate what you think. Sceptics are expected and of course we expect CHARTS to illustrate what sceptics think too. No Chart? - Then pls post your critical evaluation HERE, thx. https://www.elitetrader.com/et/threads/dont-you-hate-it-when.365268/