P.S. Please pardon me for my voice, I'm down with fever and tried my best to not cought & record this video.
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Good video. I think more people should use the Screener to better identify trade set ups so great to see you cover that. Good way to find pullbacks.
Can I ask - why do you recommend the 10,20,44 periods? ( Nothing wrong with them - just in case I can learn something :) )
"what I have observed is that when a 10EMA cross below 20EMA it generally indicates a short term trend reversal and as long as it is above the 20EMA we can be sure of trend continuation." - You can't say that. Observation has no value, where is the data to prove?
"for most of the trending stocks I observed them respecting 44EMA whenever they witness correction." - Once again, the same story. Where is the data? You can't be trading on hunches. This is a sure-shot recipe for disaster.
Don't believe me? Here's the proof:
Everyone who didn't care to open my link, here are the excerpts-
There are no “special” moving averages. (I.e., the 200 day is not special compared to the 193, 204 or any other average.)
Pricing crossing or touching a moving average does not have significance for future market direction.
The slope of a moving average is not a meaningful indicator of a trend.
Crossings of moving averages are not meaningful indications of trends.
Indicators built from moving averages are not reliable indicators of trends.
In short, most of the things that traditional technical analysis teaches about moving averages do not stand up to quantitative scrutiny
My solution for a strong technical indicator?
None of them. But a certain combination of them help to quantify the quality of the market. I use Keltner Channel (20 periods, 3 ATR) to quantify overextensions, potential imbalance in buying selling pressure. RSI is a good indicator but not to take reversal trades but rather with the trend. If the market is overbought, you're better off buying that market. Timing and location are vital.
PS: Re-read my comment. I stopped posting my work. I have 3 systems in place but I am done working with the TV community. People here don't like statistical testing.
Instead of shitting on someone else's post and telling people that their methods are wrong, make the effort to prove why their method is wrong what would be the best alternative to analyze the market. We are all here to make money but if you take a dump on someone else's effort, people will get back at you. And do not show us what Adam H Grimes has to say, show us your analysis and methods you use to make a profit. Do a 100+ trading test, prove your worth, then maybe we will listen to what you have to say!
Until then, some of us will keep testing, tweaking and implementing what the other fellow traders have to say!