ilmscore | Prediction Details
"Now, the 100 EMA, I've noticed throughout back testing, is one of the best to trade off of. So, if you'll notice here, the market has been in a heavy downtrend. Once we actually retrace all the way up to the 100 EMA, that 100 EMA sometimes does push the market back down pretty dramatically. And again, we break above the 100, come down to the 100, and market is pushed up by that 100 EMA. This is especially true when the 100 EMA lines up well, let me make that a different color. Sorry, guys. Lines up well with previous structure. So here we have a 100 EMA, one, two, three, four, five different points of structure that have been tested at the same level. And the market is rejected off of that level and that 100 EMA. So there's another good trading strategy that's testable, verifiable, and repeatable, which are rules that I like to use for any of my strategy creation."
By The Trading Channel (The Trading Channel) | August 22, 2016 | Pending
From video
How to use moving averages ( creating a trading strategy ) 00:14:20 - 00:15:19
Interpreted Prediction
The 100 EMA is identified as a strong indicator for trading off of, acting as significant support or resistance, especially when it aligns with previous structure levels, making it a testable, verifiable, and repeatable strategy.

Prediction Details

Topic
100 EMA as Support/Resistance

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.