Replies to post #133 on PriceTeam

[RCKS]

PT
I think your concept has a lot of merit. I believe most successful traders are using your methods to a large degree.
Where the system is likely to breakdown is in a non-trending market, where all we have for a few months is chop. Now with discipline money can be made in those markets as well.
Looks like Thurs was reversal day.

[mrnatural]

Ted, the use of ma's for trading is not new, in fact they have been the backbone of T/A analysis for a very long time, pick up any book on T/A and its usually covered in the first few chapters.
The real problem is having the discipline to wait for the signals.
Some are afraid of missing the big move, some feel that they have to be in the market all the time.

Over the years I've settled on the 7ema, 14ma,and then a 7ma moved forward 5 bars/candles, the cross of all 3 gives me my signals. Not a perfect system but when used with a reasonable stop loss discipline it has kept me in the game.

I agree the less oscillators/indicators used the easier it is to trade.
Also visiting these boards can be a source of influence that affects our subconsciousness in ways that can be detrimental to our trading.