Anyone use the 50SMA retracing method?

[SanMiguel]

Stop acting like women. Price may react to MAs just like S&R levels may hold. I'd just say there's less prob of the MA working. Plus the MA is a lagging indicator. Esp in a market when there has been sharp movement. Same with Bollinger. They work well retrospectively but I bet if you take a of every hour for a week...

The 2 charts I have show 2 examples in 2 weeks of this working. I agree an MA lags but when we're looking at a 4hr trend and 1hr bounces, I don't think it's so bad...especially when used in conjunction with candle patterns.

 

[pedro01]

The 2 charts I have show 2 examples in 2 weeks of this working. I agree an MA lags but when we're looking at a 4hr trend and 1hr bounces, I don't think it's so bad...especially when used in conjunction with candle patterns.

That last statement is the key.

You need more than 1 reason to enter a trade IMO.