[Tams]

Originally Posted by Tradewinds »

The trick is determining what the slope actually means. By the time a MA line shows a peak, you are already way to late, the price has already dropped. So you need to look at slope still going up, but not going up as much. Momentum is slowing.

But MA lines have all kinds of problems. In a nice smooth, trending market, they will work just fine. But price does all kinds of things. Price will retrace, it will look like it's going up, and then go down. MA lines are terrible for those kinds of situations.

that's why in a trendy market (esp a bull market), every idiot is a genius,
...and every indicator is a grail.