You might want to not respond during trading hours, missing out on money is not fun., you could respond later.
That is the way I prefer to do but the folks start yelling about hind site trading. BTW how did you use MA’s and why do you think they are an illusion at best? Why would not horizontal lines and trendlines and patterns and BO’s also be an illusions?
Without digging too far into my toy box, The moving averages plot is based on price, time, I just found that they would at times negatively affect my entries, they also became a distraction for me, maybe early on they were just a visual pacifier to hold on to, but there meanings became an illusion of sorts, the ma's didn't have to tell me where price averages were traveling, i already new that price was above a certain area or below, i just had to look. So at that point, it was better to just use a horizontal line, and I never used trend lines because i also considered them useless. As i became an efficient trader, my eyes were happier with less marks on my screen, But to be clear my entries are not solely based on the straight line, but many times they could have been used that way without having any other reason to enter.
I don’t use them for entries. I’m not concerned with MA crossover entries. I use them to gauge strength of gaps and other things. I find trendlines very useful. Channel lines too. Range horizontal lines too. I find patterns..triangles..wedges...flags...etc useful too if correlated with context. Context is more important that any single pattern or bar.
I did all that stuff before, I don't any more, you haven't found anything uniquely different, What is different is you and the way you interpret things, this is why i say trading is personal. Cheers
@Zodiac4u --- Well stated. I point out that the only benefit of the use of any indicator or TA is these must be Predictive -- Not Reactive.
You can't please all the folks so why bother trying? I tend to think those who start yelling are playing to their audience. Your audience is not theirs. Tell them to get their own journal, right? Do what's best for you or you'll end up concluding this is too costly an exercise for you to continue. Then who wins? Not you, and not those who appreciate your effort. I appreciate the work you're putting into this.
I use standard classic TA concepts and a few other things so the tools I use are not something unique that I have discovered. Even how I interpret them is not even unique. I am pretty orthodox. But what MAY be called unique is my praxis. I am trying to explain how I employ orthodoxy in such a praxis the leads to a orthopraxy, that will lead to $$$. Traders don’t need to reinvent the wheel or come up with a “new edge.” Any edge will soon become ineffective. But the correct practice of PA will be with us traders for many many years to come. At the very minimum our generation will never see a major change. Even the introduction of technology ...HFT’s...algo’s has not fundamentally changed price action for the average trading chart. We still have ...BO’s ...channels... ranges... PB’s ... crashes..... pauses...consolidations...accumulation...markups...markdowns..flags..pennants..triangles....etc ad nauseam...Those things were were on the charts 50 years ago and they are here today on our charts in spite of all our computer technology. Those Things WILL NOT disappear anytime soon. They are part of our human makeup and how we create and deal with the market and market moves. The institutions cannot hide what they are doing. The charts will always reveal it. Understanding is one thing. Praxis is another thing.