Thank you for your detailed answer, i appreciate that. Well , to answer your question, i believe T/A is largely a self fulfilling prophecy, it works because most believe it works, which is the reason why moving averages work like the 50, 200 and 20, because most use them. I have been learning t/a for about 8 months now , so i am rather new to it, I have read great books by along the way. I agree with you that one should find what works for him and trade that way. I have found that stochastics are great to predict smaller moves ie: 1 or 2 days for example mainly in the intraday charts, while RSI tells me how far a rally can actually go before a larger pullback. I find your lunar theory very interesting and will test out your number on some charts right now. Funny that you mention trending stocks finding support on the 10 or 20, i was just back testing this a few days ago and found out that if one missed the initial rally a pullback would most of the time go to the ma10 and that would have been the perfect entry point...granted it wasnst a full reversal, with pennies you never know haha...well thanks for your help, i'm going to change my settings now.
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