Thanks for your analysis Zior.
Was very helpful.
Your quote really got me thinking and I tend to agree on that approach - "A close through the level negates a lot of those false breakouts. And yes, you will miss a few good wins, but more importantly you will miss out on more losses."
I am curious, what is the reason you use the W5 over an EMA9 on your chart? Sorry if I've missed your explanation in the past.
I see the W5 as more responsive line to directional movements but would these more erratic moves have any bearing when we place greater emphasis on the E21,50,100,200?
Thanks for your time
Thanks for your analysis Zior.Was very helpful.Your quote really...
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