favorite timeframe for intraday / taking entry point against MA
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From my experience in trading Hang Seng futures intraday, forward testing results indicate that (especially within 1 hour after the OPEN)
Pros:
you would save a lot of money taking entry at premature reversal levels
Cons:
your entry would be a little late, and unlikely to catch those perfect reversed breakouts signals generated at slow stc levels ie 20/80
net net which one is better I don't know. Mike, can you share your view on this ?(no longs below your 20EMA / vice versa)
How did you end up having this conclusion of not taking counter-trend entry points ?
many thanks...
Last edited by ptcm; November 9th, 2010 at 07:16 AM.
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