Hi guys,
I want to know if you use MA as means of predicting a trend turn? For example I use 2 exponential MA curves, one on a period of 12 (short moving average) and another on 26 (long moving average). So basically whenever the short moving average curve crosses the long moving average one, I know the trend is likely to change. This has worked good for me for the last 2 weeks on short period graphs (5 and 15min). But the problem is once the cross happens the price is allready high, so the profits are not so big (10-30 pips max).
Am I doing something wrong? Is anybody else using this and what are your thoughts on it? :doubt:
http://img832.imageshack.us/img832/2...samplejpeg.jpg
This is a graph of what I'm talking about, the blue line is short moving average, the green line is long moving average.