I don't have to. MAs don't work, and you are not some 1:10,000,000 person who has figured out how to make them work.
That sound you're hearing is the howling and teeth-gnashing of an entire industry of algo traders/firms who, now recognizing their folly, and zeroing their accounts and packing up shop. Hope you're proud of yourself.
Derivatives are shortcuts to translating price action and can quite useful to day traders like myself who don't have the time to parse pure PA and want a quick reading of momentum dynamics. There have been a steady stream of fools through the years of ET decrying "this or that doesn't ""work"". Who are you trying to convince...those who actually use derivatives to earn a living or yourselves who have the need to doubt? BTW, believe what you will, nobody who trades gives a shit.
Hello padutrader, I like the idea and strategy. I too have adopted EMAs in my day trading approach. I have been looking for a reason to exit trades and concluded EMAs fits my situation.
You're full of crap, friend. I cut my teeth in TA starting with an observation about the 20 day MA. Some of the most profitable trades come from the 50 and 200 day... that's why EVERYBODY pays attention to them.... everybody except you apparently.