Trading the 169 on the M3 Chart

< 1 min read

I have been figuring out how to use this very powerful MA and the basic rules are:

Only take trades in line with the current HH-HL or LH-LL sequence
Unless it hits outside the Bolli bands – not sure about this rule, it most likley needs some filters
Or trade a compression around the level.

This is an example of crap trade and a valid trade using this indicator.

The first trade – circled in blue is valid in the sense that it’s outside the Bolli Bands, but with the weekly pivot just above it’s a crappy setup; much better to take the trade circled in gold which is a retest of the line and the end of the reaction to the Week Pivot.

169 SMA (M3 Chart)

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Updated on 24 January 2019

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