Land, the moving average law of price works with any moving average. So if you look at the 60-minute chart, you will get different answers based on the 8-hour ma or the 50-hour ma.
But to answer your question: Is the 20-hour ma equivalent to the jugular vein of price on a 60-minute chart? I've never thought to look! That's why I appreciate questions so much. And there are about 1,000 more that need answering. So I'm looking right now to see.
Honestly, I'm not ready to commit to the affirmative. Obviously, we are going to get quite a bit of noise on 60-minute charts. The 20-hour ma does give a fairly reliable description of the action.
The method I'm laying out and testing on this board accomplishes everything we need on daily charts. That's why I'm so enthused about it. It's simple, and it will consistently outperform most short-term traders over the course of a year.
I've been a short-term trader, and this analysis has convinced me I need to quit or curtail short-term trading *drastically.* It simply doesn't pay when measured by returns for the investment of time, energy, and risk to capital.
Ted
PS
Regarding my recent short-term counter-trend trade. Half of it is paying (so far) and half is losing (so far). But you can see that trading the holistic method being proposed here produces superior results! So let me be the negative proof--even if my short-term trade goes well.
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